A colleague/friend asked today how I thought the "FANG saga" would end. I replied that I don't know about GOOG and FB, but AMZN is maybe worth $50/share as it burns cash every quarter despite manufacturing GAAP "net income" so it's hard to tell for sure - it could be worth less. NFLX is eventually going to have to restructure its debt, which means the equity is worth zero.NFLX soared $50 after...Read More
Visible gold (VG) in diamond drill core. Source: Triumph Gold Corp.Triumph Gold Corp. [TIG-TSXV; TIGCF-OTC] reported on October 16 that the 2018 exploration season on its 100%-owned, road accessible, Freegold Mountain property 70 km northwest of Carmacks, Yukon, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the...Read More
Sable Resources Ltd. Spences Bridge Gold Belt projects in southern British Columbia. Shading shows the gold belt. Source: Mineral Titles OnlineFollowing a massive claim staking program in southern British Columbia by Sable Resources Ltd. [SAE-TSXV], the company has formed a strategic alliance with Westhaven Ventures Inc. [WHN-TSXV] Sable staked 189,197 hectares covering over 70% of workable groun...Read More
Slowly but surely, the opioid epidemic has been breaching media headlines.It's a simple observation that I lightly remarked on early this morning to myself."This is bigger than you can possibly imagine," came the reply from behind me. I hadn't even realized I had said it out loud, but my colleague Jeff Siegel had once again hit the nail on the head.I'll confess that at first, I didn't fully unders...Read More
KEMET Corporation (NYSE: KEM) offers its customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. KEMET's vision is to be the preferred supplier of electronic component solutions, demanding the highest standards of quality, delivery and service. We learned fro...Read More
Longtime Colorado School of Mines coach and administrator Marv Kay has been announced as a member of the Colorado Sports Hall of Fame's Class of 2019.Kay will be joined in this year's class by Olympic gold medalist swimmer Missy Franklin, Nordic combined silver medalist Todd Lodwick, former NFL standout Daniel Graham, longtime Wray High School wrestling coach Bob Smith, and track standout and Spec...Read More
Will Fleckenstein, adjunct professor of petroleum engineering and director of strategic relationships and enterprises for earth resources and environmental programs at Colorado School of Mines, was recently interviewed by ABC Denver7 about horizontal drilling and Proposition 112.Watch the full segment below: Read More
Kathryn Johnson, associate professor of electrical engineering at Colorado School of Mines, was recently interviewed by the Boulder Daily Camera about new wind turbine technology set to be tested at the National Renewable Energy Laboratory's National Wind Technology Center. Johnson is collaborating with researchers at the University of Virginia, NREL, Sandia National Laboratory, University of Colo...Read More
Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in the state of Goias in Brazil. The study raises the project's after-tax net present value (NPV) and after-tax internal rate of return (IRR) while lowering its initial capital expenditure.The former 2017 PFS outlined a US$223 million af...Read More
Pandion Mine Finance is giving Nordic Gold (TSX: NOR) an additional US$7 million in funding so that the junior can put its Laiva gold mine into production and pour first gold on November 27.The funds are supplemental tranches to a $20.6 million gold-forward sale Nordic signed with Pandion in December 2017. Under the latest financing, Nordic will deliver an additional scheduled monthly quantity of...Read More
Ah, Saudi Arabia, land of heat and contradictions. One day they're jailing women's rights activists for wanting to drive, the next day they're dismembering still-living Washington Post journalists. And yet they can count the world's capitalist democracies as friends, because today's dysfunctional economic/geopolitical system depends on both Saudi oil and Saudi willingness to keep their (apparently...Read More
Orbit Garant Drilling (TSX: OGD), one of Canada's largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that success in West Africa.In December 2015, the Val-d'Or based company bought Captagua Ingenieria, a Chilean drilling company based in Santiago. Since then Orbit Garant has grown its revenue base in the South American count...Read More
Alio Gold (TSX: ALO; NYSE: ALO) has boosted measured and indicated resources at its operating Florida Canyon gold mine in Nevada by 52% over the previous estimate, contained in a 2016 preliminary economic assessment (PEA).The project now contains 132.9 million measured and indicated tonnes grading 0.4 gram gold per tonne for 1.7 million oz. gold, assuming a US$1,350 per oz. gold price. It also co...Read More
I'm not going to do the most obvious thing to do when markets get rattled.I'm not going to claim to know why, though I have my own strong opinions. You've heard from plenty of talking heads doing this, no doubt.Both those who claim to know what triggered the sell-off and those pointing out that all of the things being cited as the cause have been with us for months, if not years, are a dime a doze...Read More
The day is finally here.Recreational weed goes legal in Canada today.I'm actually in British Columbia for this historic occasion, doing some diligence on the industry.What's emerged is a small group of lead dogs in the space. You know the names: Canopy, Aurora, Aphria, and Tilray.But they are lead dogs only in the sense that they were some of the first companies to be awarded a coveted "LP" - maki...Read More
Awww how cute! *zap*Read full newsRead More
"White Gold Corp. Announces C$15 Million Bought Deal Financing; Agnico Eagle Mines and Kinross Gold Corp Each Maintain Approximate 19.6% Interest https://t.co/OPjDuVCfUt #investing @WhiteGoldCorp"Read full newsRead More
500 Dow points - what else is there (forget the 2000 point drop last week!!)Before we get started on how bullish the US equity rebound must be... consider this - today is the biggest short-squeeze day since Nov 2016's post-Trump election rebound...Read full newsRead More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest of trade and ende...Read More
(Reuters) - Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to January 1983."We have a really exciting announcement coming this Thursday, learn more about it here...""While the exchang...Read More