Agoracom Blog Home

Archive for the ‘Copper’ Category

« Older Entries
Newer Entries »

Client Update – Heatherdale Resources, The Next Big Thing For Hunter-Dickinson?

Posted by Peter Grandich at 8:41 AM on Monday, January 18th, 2010

The latest drill results from Heatherdale Resources (HTR-TSX-V $1.65) had many reasons for us shareholders to be quite pleased:

1.More thick intersections of high grade precious metal rich mineralization reported!
2.It must be remembered that HTR was planning on drilling a fan of 3 or 4 holes per section and have increased it to 6 because of the thick intersections of mineralized material in each hole which speaks to the potential for an even bigger deposit than was initially expected.
3. HTR has stepped out 100ft to drill the next fan of holes. The first hole has encountered another thick intersection of sulfides, assay results to come!
4. It will be a while before the company does a resource estimate but it is clear that tonnage is growing quickly!
5. This is just the first target, of many HTR will be drilling. The property has a number of additional high grade targets and HTR’s world class exploration team believes there is excellent opportunity to duplicate the company’s current success at other targets within their 10 square mile property.
6. This is still a story that is under followed and  with more results like today’s it won’t be long till there’s likely a number of brokerage firms providing research coverage.

Stay Tuned!

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Gold, Heatherdale Resources Ltd., Mining Shares, Silver | 7 Comments »

Client Update – Evolving Gold

Posted by Peter Grandich at 9:17 PM on Sunday, January 17th, 2010

Here’s my latest assessment of Evolving Gold (EVG-TSX-V $1.05)

Finances

  • The company is  well financed with about C$17 million in the bank.
  • Well positioned entering into the next year.
  • Allows decisions to be driven by technical demands not limited by finances.

Rattlesnake Hills Discovery Property

  • Focusing efforts on two areas, North Stock and Antelope Basin.
  • Continue to define the North Stock body, higher grades now to at least 250 meters depth.
  • Zone is still open along strike and to depth.
  • Numerous holes in main zone still await assay.
  • Late holes potentially in higher grade zones designed to fill gaps of knowledge for model.
  • Assays for remaining 23 drill holes should be in by second week of February.
  • Some holes for Antelope Basin not well positioned leaving target open for expansion.

Porphyry Target

  • Mineralized dikes in RSC-027, 35.1m at 1.74, including 15.2m at 3.11.
  • Broad stockwork mineralization may be halo above the mineralized porphyry.
  • This is an exploration target and needs to be tested for size and mineral potential.
  • The porphyry may be the driver for all the mineralization they have explored so far.
  • Can’t know the importance of this target yet. It needs more testing.

Other Targets

  • They’ve  five other exploration targets with essentially no drilling.

Rattlesnake Hills going forward

  • Updated technical report to address geometry, economics, metallurgy, mining.
  • Permitting for drill program to start again, 3-4 core rigs, May 2010.
  • Drill and define extensions of known mineralization.
  • Test the porphyry target.
  • Test the five other exploration targets.

Nevada Programs

  • Very excited by results from drilling at Carlin.
  • Five major properties, four under agreement with Newmont, one 100% owned by EVG.
  • Expanding  land position.
  • Improving  drilling efficiency and costs.
  • Using geophysics to identify the more shallow targets.
  • Focusing on neglected in and near the Carlin Trend, structural repeats, covered areas.
  • Underground mining is the future of the Carlin Trend, nearly 1Moz per year production.
  • Program driven by detailed knowledge of geology.
  • Testing the future of the Carlin Trend.

I remain very positive and believe the 2010 drill program should tell the story.

Posted in A Grandich Company, All Posts, Base Metals, Copper, Evolving Gold, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, US Stocks | No Comments »

Weekend Update

Posted by Peter Grandich at 8:39 PM on Saturday, January 16th, 2010

My bags are packed and my bear suit is pressed but I have yet to leave the key on the counter at the “Don’t Worry” Be Happy” Hotel. Some may ask with almost two feet out the door, why not just hit the check out button on the TV and return back to where I belong?

In a business where many times you’re only as good as your last call, it’s going to be extremely difficult to surpass or match my last two market calls. My biggest sell recommendation ever came just two days after the all-time high in DJIA and my go long buy came just one day before the bottom last March. So unless I timed the ultimate top within hours, someone will surely say I’m slipping-Lol!

I promise this blog will be the first to note when I tell the desk “sayonara”.

The correction/consolidation in gold is nearing an end and while we can’t rule out one more dip below $1,100, I continue to believe the surprises in the gold market remain almost exclusively to the upside.

Given the fact that people are literally knocking themselves over in declaring their new-found love for the U.S. Dollar, the U.S. Dollar Index has seen barely a blip up. Bullish sentiment has gone from the low single digits to the majority yet the dollar has barely budge, net-net. While there’s still a window of opportunity for a decent bear market rally, time is not on the dollar bull’s side.

I continue to like going short 10-30yr. Treasuries here and on any further rallies.

I remain dead neutral on oil and gas.

Model Portfolio Comments

Finally, a commentary on Donner Metals

Posted in A Grandich Company, All Posts, Base Metals, Copper, Donner Metals, Evolving Gold, Exploration Shares, Gold, Mining Shares, Natural gas, Northern Dynasty, Oil, Taseko Mines, US Dollar, US Stocks, Zinc | 5 Comments »

Continental Minerals Update

Posted by Peter Grandich at 12:51 PM on Wednesday, January 13th, 2010

I never owned more shares in Continental Minerals (KMK-TSX-V $2.04)  as I do as of today. I believe the stock has consolidated nicely in the $2 area. I’m personally speculating that either  Jinchuan Group,  Zijin Mining, a combination of the two and/or a third party will make a bid for KMK.

I believe there’s an analyst tour at the project right now. I do know that at least two of KMK’s board members are there as well. HD has gone extremely tight-lip with me despite some of my best “charm”.

While some could grow impatient and lead to some profit-taking, I would consider such an event a “last-chance” buying opportunity.

I will either be drinking champagne or eating crow on this one. Here’s to some

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals | 8 Comments »

Client Update

Posted by Peter Grandich at 12:14 PM on Monday, January 11th, 2010

I’ve stated that the word “speculator” is used by the financial services industry in lieu of having to used the right word that describes what one is when buying and selling most stocks – gambler. And when one gambles/speculates, they must be prepared to lose part or all of their capital.

A past client actually fired me because I said this (I often do) on BNN after commenting about their company.

With this in mind, I want to “aggressively” point out the latest news on Heatherdale Resources (HTR-TSX-V $1.49). As always, I’m highly biased not simply because I’m engaged by the company and own a chuck of stock, but I’m a big fan of the company’s management team – Hunter-Dickinson (HD).

HD is truly among the elite in the junior resource and emerging producer segment of the metals and mining industry. They literally are all-things under one roof, something most other juniors can only imagine. This fact alone is why I favor so many of their deals but is certainly not the only reason.

HTR is the newest member to the family. It only began trading regularly a short time ago. The story is just coming together and based on the excellent news so far, I do believe it can gain strong momentum in the investment community.

There’s two keys to the latest news:

1 – A second drill will be going to work ASAP

2 – The notation that the soon to be released next three holes all were highly mineralized strongly suggests this is indeed a potentially world-class, high-grade discovery.

Knowing HD as I do, they will have already begun (or will soon) a institutional/retail worldwide marketing campaign on HTR. Because they have a depth of following most juniors would kill for, I think a potential much higher profile can lead to enhanced shareholder value.

I strongly suggest “speculators” familiarize themselves with HTR ASAP!

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Gold, Heatherdale Resources Ltd., Mining Shares, Precious Metals, Silver, US Stocks | 1 Comment »

Farallon Mining Recommended on BNN

Posted by Peter Grandich at 10:21 PM on Thursday, January 7th, 2010

Watch

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Farallon Resources, Lead, Mining Shares, Precious Metals, Silver, Zinc | 1 Comment »

Sunridge Gold News

Posted by Peter Grandich at 9:44 AM on Wednesday, January 6th, 2010

Read

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, Sunridge Gold | 7 Comments »

Northern Dynasty Minerals

Posted by Peter Grandich at 7:48 AM on Wednesday, January 6th, 2010

Takeover? From the author’s mouth to God’s ears.

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Northern Dynasty, Precious Metals, US Stocks | 21 Comments »

Update

Posted by Peter Grandich at 8:21 AM on Tuesday, January 5th, 2010

U.S. Stock Market – Was it just me or did anyone else hear this music yesterday throughout Wall Street and in the financial media? Ah how nice it is all is well again and the stock market has become once again the engine that could… Oh forgive me for dreaming for a minute. Heck, as a forty year NY Jets fan, I even dreamed the Jets made the playoffs.

This seemingly disregard of numerous serious economic, social and political factors both here and abroad is exactly what is needed before I would put my bear suit back on. I can tell you it’s out of storage, pressed and ready to go. My target since last spring of DJIA 10,500 – 11,000 is now upon us even though I thought it wouldn’t be until this summer. That belief is the main reason why I have yet to pull the trigger. My work has suggested for quite awhile that the economy would bounce through this summer before puttering out. All indications continue to suggest fairly decent growth for the first two quarters

So while it’s okay for now to hum along with the “Don’t Worry, Be Happy” crowd, don’t forget our bags are packed and both eyes are on the exit door.

Gold – AS noted near year-end, the bulk of the correction appeared behind us and it was okay to get back into bullion. While it would be best for gold to back and fill while working its way higher, I’ve stated for several years now the surprises in gold are mostly to the upside.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&b=5&g=0&id=p91818569083

We’re close to turning quite bullish again technically. As I type this early AM, gold is breaking above its 50-Day M.A. and the MACD is about to turn bullish. Closing above $1,150 should remove any lingering doubt the correction was anything more than a refreshing breeze.

U.S. Dollar – We all know that the bear camp became so overloaded that we witnessed record low percentage of dollar bulls in the future pits in the last month or so of 2009. Naturally, a countertrend rally evolved and can last for several weeks to a few months. One of the reasons I question its ability to be anything much more than a blip up is how fast the dollar bull camp filled up and the fact that all the bearish factors that have led to terminal illness for Uncle Sam remain.

I noted that the perma-gold bears were praying to the dollar gods for a big rally in futile hope that their horrific track record on gold could somehow be salvage with some massive sell-off in the gold price on the back of some gigantic dollar rally. I stated the surprise should be how well gold performs without a declining U.S. Dollar. The New Year is only two trading days old but I can assure you a few balloons have already busted in the gold perma-bear camp.

U.S. Bonds – Avoid! Any questions?

Oil and Gas – A worldwide severe winter has aided in the nice pop in oil and natural gas. For oil, I also believe underneath the surface there’s an element of geopolitical concerns that are supporting prices. I’m neither bull or bear on energy.

New Buy Recommendations For Model Portfolio – The following six stocks are being added to my model portfolio today. They are:

  • Barrick Gold (ABX-NYSE/Amex $40.39)
  • Entrée Gold (EGI-NYSE/Amex $ 2.84
  • Goldcorp (GG-NYSE $ 40.68)
  • Kinross Gold (KGC-NYSE $18.88)
  • Newmont Mining (NEM-NYSE $ 48.45)
  • Richmont Mines (RIC-NYSE/Amex  $4.22)

Tidbit on Continental Minerals – I’m told KMK’s CEO Dave Copeland flew to China yesterday and Scott Cousens, another board member and partner of Hunter-Dickinson is going to China this week. I know Scott well. He likes Chinese food a lot. But I doubt he’s going there just for the cuisine.

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Natural gas, Nickel, Oil, Precious Metals, Silver, U.S. Economy, US Dollar, US Stocks, Zinc, world economy | 36 Comments »

Model Portfolio Update

Posted by Peter Grandich at 11:56 AM on Friday, January 1st, 2010

NAK – 2010 can finally be the year NAK’s remaining 50% interest in the Pebble Deposit is bought out. While the opposition to Pebble has been noisy and has scared some potential stock investors away, I don’t believe they’ve come close to demonstrating why this project shouldn’t be built. On any real weakness, I would be a buyer.

GDX and XGD are strong holds.

PST and TBT – I said a few weeks ago the play for 2010 was to be short the treasuries. We’ve a big bump up in rates and while I think this is just the beginning of a bear market, I wouldn’t chase these or other short plays for the moment. Buy on pullbacks.

FXC and FXE – I’m anticipating the U.S. Dollar bear market rally to continue for the first few months in 2010. I would welcome the chance to put the Euro back on a buy mode if it got back to the $1.35 area. As many of you know my favorite foreign currency remains the Canadian Dollar. It has shown strong relative strength in the U.S. Dollar bear market rally. I continue to believe it can reach parity in 2010.

CEF, SLV and GLD – While the bullion correction can still linger in early 2010, I do believe its okay to be a buyer of gold and silver again.

SSRI and HL are strong holds and become long-term capital gains in 2 months.

TGB had a great 2009. While similar returns are not in the cards, the stock still has plenty of upside left. Any bullish news on the Prosperity should be the catalyst to a significant higher share price and possible takeover of TGB itself.

I said throughout 2009 that Chinese led companies would become more aggressive on the acquisition front in the metals and mining industry. I think this became apparent as 2009 came to an end. KMK is a prime takeover target and I don’t believe its independence is long for this world.

NSU saw some significance weakness as 2009 came to a close on news that Eritrea was to face some significant U.N. sanctions. There’s no question such actions can have an impact but barring a full-fledge economic embargo, I think NSU should more than survive. The closer the share price is to $2 the more compelling speculation it is.

Outside of HAT and client STM, I remain cautious towards uranium stocks. I am monitoring several but only on further weakness do they have a realistic chance of becoming buys at this point. HAT is a hold for now as we await a new round of drilling.

AUY is a buy and I’m also looking at adding some other producers to my shopping list for the New Year.

While EVG is now a client, I do favor it for 2010 and beyond. I’m very optimistic the company can move several steps up on the corporate ladder. Stay tuned.

GBG appears to be under aggressive accumulation and could be an above average performer in 2010.

Posted in A Grandich Company, All Posts, Base Metals, Copper, Evolving Gold, Exploration Shares, Gold, Mining Shares, Northern Dynasty, Precious Metals, Silver, Taseko Mines, US Dollar, US Stocks, Zinc, world economy | 12 Comments »

« Older Entries
Newer Entries »