Photo Album Added
Everyone loves pictures. Right after I posted some pictures that were sent to me, I starting getting emails from readers who seem they can't get enough of pictures of mining operations. So I have decided to start an online photo album. At the moment I only have the pictures from mining shows in New Zealand that were sent to me, however I do plan on taking photos this up and coming mining season from areas around Atlin and the Yukon. If you have pictures of your mining operation that you would like to show off to others, feel free to email some in. For those who wish to email photos to me please resize images to 800 pixel wide before sending.
Up In Smoke
Back in the late 1990's after the Bre-X scandal, a lot of junior's were finding themselves with super low gold and silver prices and investors kind of turned off with metals. Some of these juniors proceeded to re-invent themselves into the tech and dot com boom that going on at the time. It seemed at the time that getting into whatever investors were chasing was the only way to survive. Today with a stagnant metals market and investors chasing everything but metal plays, a lot of these juniors are getting into legalized grow ops of pot. Some of these companies have seen there stock prices become 10 baggers overnight. Stocks sitting at 1 cent are seeing 25 cents, 50 cents and higher. LW Capital did a 1:5 rollback and then did an IPO and re-named itself Tweed (TSX-V: TWD) and then saw it's stock shot from 2 cents to almost 5 bucks in a matter of days. How long any of this will last and how many of these juniors will survive as pot growers is anyones guess. If your thinking of dabbling in these pot stocks I would stick with any juniors that are still hooked into the metals and mining and are just doing the pot thing as a way of diverification.
Quite a few new listings of mining claims this past while. Be sure to check out the classified ads to find out what has come up for sale. Some very value priced claims in the Dawson area. One property listed today has been in the same hands since 1974 and has ground values as high as $400 per yard.
Next month in May, there is two (2) gold shows. The Quesnel Gold Show in Quesnel BC is on May 3-4. Alex Debogorski, the Ice Road Trucker star will be there.
Then on the May long weekend Friday the 16th and Saturday the 17th, Dawson City Yukon is holding it's 28th annual gold show. With all the reality TV shows on Yukon Gold and Gold Rush there will be a lot of excitment going on.
Uranium Stocks Gone Wild
Lots of activity in the uranium sector these days. Junior miners like Fission Uranium, NexGen and Denison are all trading like crazy. Fission is up 40% this year alone and NexGen is up over 100%. In general there is re-newed interest going on in the mining and exploration sector in general and that interest is reflected in the HUI. Most gold stocks have leveled out since the run up seen at the beginning of the year.
A few more claims have been added to the classified ads. This week we listed a rhodonite mine on Salt Spring Island BC. This would be a good hobby mine for any placer miner who wishes to spend winters in a warmer climate any one who wish to get involved in the semi precious stone market. Rhodonite is a popular mineral among rock collectors. When it forms large crystals or has a deep red color it is extremely sought after by collectors and can command very high prices.
Also we have a featured sponsor this month. Byzantium International Ltd. which is a precious metals buyer and refiner would like to showcase their company. Not only a buyer but Byzantium also stores and vaults precious metals and other valueables. You can follow up on this company HERE.
Bentonite Mine In Kazahkstan
Bentonite is widely used in drilling, farming, as sealant, as food additive for livestock, cement, adhesives, ceramic bodies, winemaking, paper manufacturing, cat litters production, production of copper concentrate and many other areas.
We sell the rights for pit development of bentonite clay field till 2025 (time duration can be extended). The mine is located in Eastern Kazakhstan (ex-USSR country).
See full page ad with photos of this property and equipment HERE
Upper Frisco Creek - Dawson Yukon
New Age Drilling and Mining has opened up new ground on a Beringia ground creek, which is a rare find anymore in the Yukon. We own 15 claims on Frisco Creek with options on another 30 up the creek. The ground has proven very positive and we continue to work up the creek, opening up ground for the future. This a a full scale mining operation with a complete line of modern up todate equipment.
See full page ad with photos of this property and equipment HERE
Contact: Stuart Young
New Graphite Section Added
There is a new list of graphite miners added to the site. You can view this list here. There has been a lot of interest in the junior miners looking for graphite since the huge run up in Zenyatta. Everyone is wanting to try to find the next ZEN so I hope this short list will help out somewhat with your investing decisions.
Stand And Deliver?
Lots of talk on the net about the Comex. Seems that there might not be enough gold stashed away for those who would like to take delivery of their metals. Some articles are quoting that as high as 50 requests per ounce.
There has always been speculation that the Comex has loaned out more gold than they had because of course nobody really takes delivery. They just roll over their contracts. So over time there is the chance (wink wink) that the Comex might have loaned out than they had and now that some people are nervous about the finanical situation that is going on in the world with bail ins and bail outs and everything else going belly up, some of these people want their gold for insurance just in case things get a bit out of hand.
After all there is a lot of people really starting to wonder if there is any gold at all? Maybe it has been sold off to other Central Banks or other countries, never to be seen again. Like how would you feel if you have a futures contract for 100 ounces of gold and then requested to have that gold delivered to you only to find out that it could take up to 100 days or maybe longer. And no, you do not want cash or credit or any other IOU. You bought a contract for gold and GOLD is what you want and you want it delivered now. And if that didn't happen, you would probably be a bit more that just upset.