Top-News of the week:
Brazil Resources: 300% in 3 months!
Normally we are presenting resource companies with sensational drill results, high revenues, good dividend yields or acquisitions in the top-news of the week. This time we want to have a look on a company, that exactly did, what investors want to see: 300% plus in only 3 months! Without any push, without unreliable marketing action, but simply by hard work! We speak about brazil Resources, one of the very few development companies which realized very early that the time for dirt-cheap acquisitions of precious metals projects has come. Brazil Resources thereby follows a unique strategy: The acquisition of portfolio of developed gold projects within a commodity baisse and the sale of them in respectively hausse phases. Most important criteria for the management is the ability to further develop each project, what means that the focus lies on projects, which can be easily developed at the current market conditions and on projects which can be expanded with higher gold process. Thereby the single projects are actively developed by Brazil Resources. With this strategy the company has been able to acquired 4 projects within the last 3 years and develop them to over 13 million ounces of gold equivalent. And that is exactly what investors are honoring now.
Video: Brazil Resources company presentation
Market Watch:
Silver: The rally has started!
It was clear that the Brexit would start some kind of boom for precious metals, but it wasn’t that clear that it would catapult the silver price to the current highs. What we saw on Wednesday and Friday should storied! On Wednesday some up and down and 2% plus at the end. More clearly upwards on Friday. From the beginning the silver train rallied up the mountain and easily took the 19 US$ mark. Whereupon the 19 US$ mark was not the important thing, but even more the 18 US$ mark. Because there, the longest intact upwards trend, resulting from the high of 2011 has been broken! Following that, a brute increase to over 19 US$ on Friday! Should silver also break the 20 USD mark, this could be the beginning of a long-time upward trend! The gold-silver-ratio stands at around 70, yet! Way to high than the 50 that it marked on average for decades! This could mean only one thing: Silver-Bulls on the running!
On Friday morning there were some rumors that JP Morgan has shorted some 290 million ounces of silver and seems to have problems to cover them. It is only a rumor, but we wouldn’t be surprised about it.
Video: Now is the time for Gold and Silver
Company News:
MacArthur Minerals: Find Lithium, where others only search!
In the last few weeks we reported much about the lithium sector. Meanwhile there are more than 100 resource companies which are specialized on lithium. The predominant part of them seem to be scrap, but there are also a few good lithium developers. Like in Australia, were Altura Mining and Neometals are very active. The Australian hot-spot for lithium is called “Pilbara”. Besides Altura and Neometals there are also Pilbara Minerals, Dakota Minerals and MacArthur Minerals, which heavily explore their licenses. MacArthur minerals secured 17 licenses, covering more than 1.379 sqkm, which is one of the largest land packages in the highly frequented Pilbara lithium region. There, the company already located several areas with pegmatite which contain one or more minerals indicative of rare element Lithium-Caesium-Tantalum class of pegmatites, such as beryl, lepidolite, tin and tantalum minerals. A further reconnaissance programme has been brought on its way and should bring more clarity soon. Have a look on it!
Pershing Gold announces top PEA numbers for Relief Canyon!
In the last week, Pershing Gold announced the completion of the Preliminary Economic Assessment on its Relief Canyon Mine in Pershing County, Nevada. It shows, that Pershing Golds highest trump are the very low capital costs required to bring Relief Canyon into production. This leads to the fact, that the all-in cost for an own production (not by a contractor) will be only roundabout 700 US$ per ounce of gold. The initial capital costs for the 5,8 years running mine will stay at about 22 million US$. The NPV at 189 million. This leads to an absolute top-IRR of 98% at a gold price of 1,250 US$ and a silver price of 17 US$ (both below the current prices!). Would Pershing engage a contractor, the IRR would raise to 125%, because of even lower capital costs (mining fleet, etc.). All in all, a spectacular estimate, which allows only one conclusion: Pershing Gold has to get the mine started ASAP!
News: PGLC with top PEA numbers
Research: PGLC new target 9 USD by Rodman Renshaw
EnWave: Another big contract!
A couple of days ago, EnWave announced another big contract. This time from Milne Fruit Products, which is currently supplying a diversified array of clients with its Microdried® product line. Milne has ordered a 120kW Radiant Energy Vacuum machine to expand their processing capacity of Microdried® fruit and vegetable products. EnWave has also agreed to expand the current license agreement with Milne to now include Concord and wine grapes, parsley, kale, green beans, squash, zucchini, cabbage, spinach, bell peppers, apricots, apples and legumes for the pet food industry. This means increasing license fees from 2017 on, when the machine will be delivered. And also increasing revenues!
News: ENW with 2nd machine order from Milne
Endeavour Silver: Terronera will be a barnburner
The Terronera silver project seems to become a barnburner for Endeavour Silver! As the company announced a few days ago, it has outlined several prospective new silver-gold veins on the Terronera property in Jalisco State, Mexico. To date, mapping has extended the Terronera vein system over a 7 kilometer (km) by 7 km area and identified nine additional veins in the northern half of the property. Sampling of the Terronera vein system confirmed that high-grade, low sulphidation epithermal silver-gold mineralization is present in many of the veins. Assays of several thousand samples, including grab samples, selected samples and chip samples, returned values up to 2,880 grams per ton (gpt) silver and up to 26.7 gpt gold. Awesome! This can only be positive for an updated PEA! The positive development of the gold- and silver price will do its bit to make the project a success!
News: Terronera is the next mine - with those exploration results!
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