BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

You searched for the template for the next - BullMarketRun.com

October 3, 2017

The Template For The Next 10% Stake In Garibaldi Resources

You need to login to view this content. Please . Not a Member? Join Us

March 22, 2019

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,307 and $1,316 so far todayas of 7:00 am Pacific, bullion is up $an ounce at $1,314Gold prices are trading near session highs following weaker-than-expected preliminary U.S. manufacturing and service sector sentiment data…the IHS Markit flash manufacturing PMI for March declined to 53.5 from February’s reading of 53…the report noted that sentiment within the manufacturing sector is at its lowest point in 21 months…the data pulled 10-year U.S. Treasury bond yields to fresh multi-month lows of 2.443%, causing the yield curve measuring the gap between 3-month Treasury bills and 10-year yields to invert for the first time since 2007…Silver is relatively flat at $15.42…Copper, Nickel and Zinc are all off slightly at $2.90, $5.87 and $1.29, respectively…Crude Oil has pulled back 93 cents a barrel to $59.05 while the U.S. Dollar Index has gained another one-fifth of a point to 96.54…the greenback is holding up, despite a dovish Fed, because of weaker economies and currencies elsewhere…the dollar is the best of a bad lot, in other words…in the euro zone, manufacturing activity has fallen to its lowest level since April 2013

2. Battery metals tracker Adamas Intelligence says Chinese electric vehicle manufacturers deployed 253% more Nickel in passenger EV batteries in January this year compared to 2018…the Dutch-Canadian research company, which tracks EV registrations and battery chemistries, in more than 80 countries says the jump is due to an ongoing shift from Lithium iron phosphate (LFP) to Nickel-Cobalt-Manganese (NCM) cathodes…first generation NCM batteries contained around a third Cobalt with a chemical composition of 1111 part Nickel, 1 part Cobalt and 1 part Manganese, but NCM batteries with higher Nickel content (622 and 523 chemistries) have become standard in China…according to Adamas, China is now the the largest market for passenger EV battery Nickel, ahead of Japan and the U.S., which were the 2 largest markets in January 2018…Nickel used in car batteries jumped 88% in Germany and 54% in the U.S. year-on-year…the EV boom in China is only accelerating, and Adamas says despite being a seasonally slow month in January 2019, 3.27 GWh of passenger EV battery capacity was deployed in the world’s largest car market, an increase of 439% over January 2018 levels…even more remarkable, from January 2018 through January 2019, the sales-weighted average passenger EV battery capacity in China increased by a staggering 95%, from 14.9 kWh to 29.1 kWh, meaning that the average EV registered in China in January 2019 contained nearly double the mass of battery metals/materials as the year prior…the price of Nickel is up more than 20% in 2019 as stocks held in warehouses around the world registered with the London Metal Exchange fall to multi-year lows…

3. Investors in Canada’s debt market are becoming more convinced that the next interest-rate move from the country’s central bank will be down, with bonds due in more than a decade now yielding less than cash…an investor has to be willing to lend for around 14 years in order to get more than the 1.75% rate that the Bank of Canada currently has as its overnight benchmark…while Canadian bonds due in 2033 yesterday yielded around 1.79%, securities maturing in June 2029 offered a rate of just 1.67%…local yields have fallen in recent weeks, spurred lower by weakening economic data, a more downbeat assessment from the Bank of Canada and a global rally in bonds…Wednesday’s dovish shift by the U.S. central bank and the market’s more downbeat view on prospect’s for Canada’s southern neighbour added momentum in sovereign bonds and also provide further support for the idea that policy makers in Ottawa will need to cut rates…the recovery in Oil since the turn of the year and optimism surrounding U.S.-China trade talks had some market strategists betting the BOC wasn’t done tightening, after 5 hikes since mid-2017…however, deteriorating economic data have traders shifting gears, sending the probability of a rate hike by July below 15% from about 26% a month ago…

4. Germany’s 10-year government bond yields slipped into negative territory on Friday for the first time since October 2016…hitting a low of -0.001%, the 10-year bond yield’s downturn comes amid rising concern about the direction of the euro zone’s largest economy, with a string of weak data in recent months fueling speculation that Germany could be heading for recession…the move in bond yields appears to be primarily due to the Brexit scare and further softening of the export outlook in manufacturing PMIs…IHS Markit’s PMI survey published this morning revealed that Germany’s manufacturing sector contracted for the 3rd consecutive month in March, with output growth nearing a 6-year low…

5. The Dow has tumbled 230 points after the first 30 minutes of trading…in Toronto, the TSX has fallen 107 points…Paulson & Co will not support Newmont Mining’s (NEM, NYSE) planned $10 billion (U.S.) takeover of rival Goldcorp (G, TSX; GG, NYSE) as the premium offered is unjustified, the investor said in a letter yesterday…Paulson & Co holds 14.2 million Newmont shares for 2.7% ownership of the company, making it one of its biggest shareholders…the Venture, riding a 5-session wining streak, is off 1 point at 640…buy the dip, as they say – the technical and fundamental underpinnings of this market are looking better than they have in a long time…Nextleaf Solutions (OILS, CSE) had a strong debut on the CSE yesterday, closing at 40 cents on volume of nearly 3 million shares…it’s up again this morning on strong volume in early trading…Nextleaf is an extraction and processing technology company that has developed a portfolio of issued and pending patents pertaining to the company’s unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products….

6. Supreme Cannabis (FIRE, TSX), approaching its 2018 highs, announced this morning that it expects its previously announced Oil products line to be introduced to adult-use consumers in select Canadian markets starting next month…Supreme plans to initially ship oil products to select markets before expanding distribution of its cannabis oil line to additional provinces which is expected by the end of June…each bottle will contain a proprietary blend of highly purified cannabis oils and terpenes derived from plants grown by 7ACRES…“Premium oils require premium cannabis,” stated Supreme CEO Navdeep Dhaliwal…“Our formulation will leverage supercritical CO2 technology to produce a high-quality, purified cannabis oil which we reformulate with the naturally occurring cannabis terpenes from our 7ACRES high-end cannabis.  The result is a unique, plant-based cannabis oil that carries the award-winning qualities of our flower into an oil product for consumers looking for a premium cannabis oil experience”

7. The socialist government of British Columbia, the Green Monster, is so focussed on its anti-Oil agenda, it hasn’t had time (and won’t have time) to wreak havoc on the mining and exploration sector like it did in the 1990’s…keep in mind, the Green Monster has already stated emphatically that it will use “every tool in its toolbox” to kill the Trans Mountain Project…here’s what the government is up to now:  The B.C. Court of Appeal is currently hearing a reference case that asks whether the government can amend its Environmental Management Act to create a permitting system for companies that increase the amount of heavy Oil they are transporting through the province…B.C. has argued the amendments are not intended to block the Trans Mountain pipeline, but rather to protect the environment from spills and require companies to pay for damages…however, the government’s real intent is very clear for any reasonable judge to see – Trans Mountain will be directly and significantly impacted by the proposed legislation…the motive is simply to obstruct the expansion…Trans Mountain is the only pipeline that transports liquid petroleum to the West Coast and the only pipeline to which the legislation would apply…meanwhile, gutless politicians are silent as 2 Wet’suwet’en Nation hereditary leaders plan to construct a protest camp to oppose TransCanada’s Coastal GasLink pipeline project, setting the stage for a new blockade in the northern part of the province…the Laksamshu clan, 1 of 5 clans within the Wet’suwet’en Nation, says, “We will be building permanent buildings on our territory in an effort to assert our precolonial rights and jurisdiction on our lands,” according to a quote in The Globe and Mail

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 21, 2019

7 @ 7:00

Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,310 and $1,321 so far today following yesterday’s dovish Fed announcement…as of 7:00 am Pacific, bullion is off $1 an ounce at $1,312…the yield on the benchmark 10-year Treasury note dropped to its lowest level since January 2018 this morning, a day after the Federal Reserve held interest rates steady and suggested no further adjustments will be needed for the rest of the year…downward pressure on U.S. yields continues to support the view that the greenback will weaken year which of course is positive for Gold, the broader commodity sector and the Venture…Silver is flat at $15.40…Copper is up a penny at $2.95 while Nickel and Zinc are unchanged at $5.95 and $1.31, respectively…Crude Oil has gained 12 cents a barrel to $60.11 while the U.S. Dollar Index has recovered one-quarter of a point to 96.16…the greenback is still the best currency of a bad lot…with the U.S. and China preparing for a fresh round of face-to-face trade negotiations, President Trump says the U.S. expects to keep tariffs on Chinese goods in place for a “substantial period of time” even after a deal, something that has apparently rattled the Chinese…“We have to make sure that if we do the deal with China that China lives by the deal,” Trump told reporters yesterday…administration officials have talked of removing tariffs in stages as Beijing shows that it has carried out parts of a deal, and reimposing them if China later backtracks…the details of a tariff rollback are the subject of ongoing negotiations, as are questions about enforcement, technology transfer, cross-border data flows and other issues…

2. “Mission accomplished”:  Yesterday’s Fed announcement revealed that the central bank now believes its monetary policy is back to “normal”…this should be sweet music to the ears of Gold bugs…if this is normal, then the Fed has precious little ammunition for when economic conditions again turn abnormal…since 2015, the Fed has been “normalizing” monetary policy by raising interest rates and shrinking its bondholdings from levels intended for a weak, postcrisis economy…yesterday the Fed declared the process all but done…Fed officials see no more rate increases this year and perhaps 1 next year, and they will stop shrinking the balance sheet this September…yet by any historical benchmark, this “normal” stance of monetary policy is extremely stimulative…the federal-funds rate, at between 2.25% and 2.5%, is just 0.25% when adjusted for long-term expected inflation…by comparison, the real rate was 2.75% at the end of the Fed’s last tightening cycle in 2006, and 4% at the end of the prior cycle in 2000…and the Fed will still hold more than $3.5 trillion in bonds in September, equal to 17% of GDP, compared with 6% in 2006

3. Great Bear Resources (GBR, TSX-V) has drilled 7.25 m of 30.2 g/t Au, including 1.5 m @ 131 g/t, in drill hole DHZ-031 in the Hinge zone of its Dixie Project in the Red Lake district…drilling continues to test along strike and at depth of the DHZ…some of the DHZ drill holes also cross the adjacent DL zone (Dixie Limb) at shallow depths and hence Great Bear is able to test both zones with the same drill holes…DHZ-031 intersected other significant Gold bearing quartz veins along a 141-m wide zone of increased quartz veining and alteration in the DHZ vein system including 4 m @ 11.7 g/t and half a meter of 60.7 g/t…the high grade intercepts in DHZ-031 occur 2060 m west of previously reported drill hole DHZ-023 which included 3.40 m of 31.6 g/t Au…26 of 42 drill holes (62%) completed by Great Bear along 240 m of strike length of the DHZ that has been drilled to date have intersected intervals containing greater than 15 g/t Gold…results of shallow drilling of the Dixie Limb zone include 39.2 m @ 2.07 g/t starting at approximately 25 m depth, including 9.2 m of 5.4 g/t which includes 0.70 m of 20.5 g/t…Chris Taylor, President and CEO of Great Bear said, “The Hinge Zone continues to rapidly expand as we keep stepping out along strike and at depth.  In our most recent results, drill hole DHZ-031 intersected a Gold-bearing quartz vein network consisting of multiple high grade veins within a 141 m (462 foot) wide drill interval.  All current drilling is designed to cross the Hinge Zone at approximately right angles, meaning the interval widths are approximate true widths.  The vertical depth of the DHZ-031 intervals ranges from approximately 60 to 190 m from the surface.  The scale and strength of near-surface multi-veined gold mineralization at the Hinge Zone continues to impress”

4. NexGen Energy (NXE, TSX) has appointed former Saskatchewan premier Brad Wall to the company’s board of directors…CEO Leigh Curyer commented, “On behalf of the Executive and Board of NexGen we are very pleased to welcome Mr. Brad Wall.  Mr. Wall brings to NexGen extensive national energy policy, political and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career.  Mr Wall in his capacity as a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant generational benefits to Saskatchewan and Canada and set new standards in responsible project development”NXE is up 3 pennies on the news at $2.30 as of 7:00 am Pacific

5. Canopy Growth (WEED, TSX; CGC, NYSE) has acquired AgriNextUSA, a hemp enterprise led by CEO Geoff Whaling that has been at the forefront of hemp advocacy and building a vibrant hemp sector in the United States…the acquisition will accelerate Canopy Growth’s entry into key American jurisdictions as regulations surrounding the full use of hemp as a crop begin to be implemented, thanks in part to the recently enacted 2018 U.S. Farm Bill…”The United States is the next stop on Canopy Growth’s desired path to becoming a leading, revenue-generating company focused on all aspects of cannabinoids and their potential,” said Bruce Linton, co-CEO and Chairman of Canopy Growth“Our significant investments, acquisitions and compilation of talented leaders such as Geoff will position us for swift expansion throughout the United States.  By collaborating with a pioneer like Geoff, who has been involved with our team since our earliest days in 2013, we will aim to turn hemp supplied by American farmers into a wide range of products”Hemp has the potential to disrupt several prominent industries: advanced materials, cosmetics, energy, fibre and textiles, food and protein production and the health and wellness sectors. In addition, hemp is a natural source of CBD, the non-intoxicating component of cannabis that can be used for health and wellness purposes in jurisdictions where legally permitted…

5. The Dow has added 53 points after the first 30 minutes of trading…in Toronto, the TSX is 13 points higher…streaming company Wheaton Precious Metals (WPM, TSX, NYSE) reported lower adjusted earnings in the 4th quarter late yesterday as revenue fell year-on-year due on weaker metal prices and lower Silver production…however, Wheaton generated almost $110 million in operating cash flow in Q4, bringing total operating cash flow for the year to over $475 million thanks to production of over 370,000 ounces of Gold, 24 million ounces of Silver and 14,000 ounces of Palladium, all in excess of the company’s guidance…in addition, Wheaton had record Gold production and sales in 2018WPM has a great-looking chart with the stock breaking out to levels not seen since 2016the Venture is off a point at 637 after hitting a new 2019 high yesterday…Nextleaf Solutions (OILS, CSE) has commenced trading this morning on the CSE…Nextleaf is an extraction and processing technology company that has developed a portfolio of issued and pending patents pertaining to the company’s unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products….”I firmly believe Nextleaf’s intellectual property portfolio for improving the purity and yield of cannabinoids obtained through the extraction and purification of cannabis biomass will be extremely impactful with the global legalization of cannabis and rapidly growing demand for oils and derivative products in medical and adult-use markets,” said CEO Paul Pedersen…OILS is at 34.5 cents on strong volume after 30 minutes of trading…

7.  Another great example of the risks that exploration and mining companies face these days: Discussions between Lupaka Gold (LPK, TSX-V) and community leaders from the nearby community of Paran have been abandoned by the President of Paran, according to Lupaka President and CEO Will Ansley…“Once again Paran has resumed their illegal demonstration, preventing the company from accessing the Invicta Gold Development Project.  In doing so Paran has failed to honour the agreement signed earlier in March, which included the commitment to provide continuous and safe access to Invicta as well as the commencement of a dialogue process.  We are very disappointed in Paran’s decision to abandon our recent agreement, including the cancelation of the established dialogue table.  We have worked very hard to engage with Paran, in order to find a long-term solution that meets the needs of all of our community partners.  Unfortunately, they have demanded that all social and economic benefits from Invicta should go exclusively to the community of Paran, which contradicts the existing community agreements that the company has in place with Lacsanga and Santa Domingo. Lupaka has put forward alternate proposals, including investment strategies, however Paran remains adamant that all benefits must accrue solely to their community. When we insisted Lupaka will continue to honour the company’s existing community agreements, the President of Paran abruptly left the dialogue table and reinstated the blockade”

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 20, 2019

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,301 and $1,310 so far todayas of 7:00 am Pacific, bullion is up $1 an ounce at $1,307…the Federal Reserve is expected to hold interest rates steady today, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet…how much of this dovishness is already “baked” into the market we’ll soon find out as markets react to the news later today and through the rest of the week…Silver is off slightly at $15.32…Copper is up a penny at $2.94…Nickel has jumped 7 cents to $5.98 while Zinc is a penny higher at $1.31…Crude Oil has retreated 19 cents a barrel to $58.84 while the U.S. Dollar Index is up slightly at 96.45…China will strive to achieve its economic development targets for 2019, state television said today, quoting the cabinet after a meeting chaired by Premier Li Keqiang…the government says it’ll speed up tax and fee cuts and push reforms to help shore up confidence and protect jobs…the European Union has fined Alphabet’s Google $1.7 billion (U.S.) for abusing the dominance of its search engine to block competitors in the niche market of selling text ads on the search results that appear on 3rd party websites…today’s decision is the last among 3 sets of formal charges that the European Commission, the bloc’s antitrust regulator, has so far filed against the tech giant, drawing to a close at least one part of a nearly decade-long investigation…

2. The biggest trading volume in Copper call options on record signals supply troubles brewing in the market…a spread trade worth $6.5 million was posted early Monday morning on Comex in New York in a bet that the price of the metal used in wires and pipes will surge past $3.05 in a few months…“It’s a pretty aggressive bullish bet,” stated Tai Wong, head of base and precious metals derivatives trading at BMO Capital Markets…the wager was likely fueled by “expectations that supply will become tight”…Copper production will trail consumption by 116,000 metric tons this year, a 2nd straight deficit, Citigroup analysts wrote in a report in December, while Antofagasta CEO Iván Arriagada said yesterday that the Copper deficit could run as high as 300,000 metric tons this year…investors looking ahead several months should do well on high quality juniors with strong Copper exposure, and Northwest B.C. would be a great first place to look…

3. Oil prices are likely to turn higher on news just out that U.S. stockpiles of Crude refined fuels plunged last week…Crude inventories fell by 9.6 million barrels in the last week, the Energy Administration confirmed this morning in its weekly update, vs. analysts’ expectations for an increase of 309,000 barrels…the draw was the largest since July 2018…gasoline stocks, meanwhile, fell by 4.6 million barrels, compared with analysts’ expectations in a Reuters poll for a 2.4 million barrel drop…distillate stockpiles also fell much more than expected…Crude futures, hitting new 4-month highs, have drawn support this week from ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela…Crude prices have risen by almost a third this year but are still not at levels that would be considered inflationary for the global economy…

4. Investors now put a 75% probability on the likelihood the Fed won’t raise its overnight benchmark interest rate, or federal funds rate, any more this year, according to CME Group’s FedWatch tool…the fed funds rate is currently set in a range of 2.25% to 2.50%…new quarterly economic and rate projections to be released with the latest Fed policy statement at 11:00 am Pacific will show how closely policymakers align with that view…the Fed’s December projection called for 2 hikes this year, but that is widely expected to be cut to a single increase at the conclusion of the 2-day policy meeting later this morning…it would take a downward move by 7 policymakers to bring the median expected number of hikes to zero for the year, a full half-percentage point change that has happened only once since the Fed began making its “dot plot” of projections public in 2012…the more intense focus among investors may be on the balance sheet, and the Fed’s plans to stop reducing its holdings of Treasury bonds and mortgage-backed securities each month by as much as $50 billion…details of that plan are also expected to be released today, providing investors with a sense of how much longer the drawdown will continue, and what will likely be left in the Fed’s portfolio of assets when it stops…

5. Yesterday’s Canadian federal budget was yet another disappointment – many billions of dollars in new spending targeted at the Liberals’ favorite groups, in an attempt to win votes, but not even the promise of a comprehensive review of Canada’s aging tax code or other measures to boost the country’s competitiveness…nothing of course for the resource sector…not that Trudeau’s assurances mean anything – a pipeline was supposed to be built and of course there was that promise of a balanced budget by 2019, but now we have a pipeline fiasco and a $20 billion budget hole with no end in sight to deficit spending that’s doing nothing to improve the economy…annualized growth of 0.4% in Q4 vs. 2.6% in the United States…the numbers don’t lie…day by day, month by month, Canada’s competitiveness vs. the United States and other countries continues to wane, yet many Canadians seem perfectly content with that…liberals assume that bigger government means better government and a stronger economy when the opposite is actually true…since 2015, real GDP growth in Canada has averaged 1.9%, less than in the previous 4 years (during balanced budgets)…slower growth during the Trudeau years, like the Obama era in the U.S., has occurred despite much larger doses of both monetary and fiscal stimulus…on top of the federal government’s large and sustained budget deficits, the Bank of Canada lowered interest rates and presided over a devaluation of the loonie…one lasting effect of Canada’s increasing dollops of stimulus was a surge in housing prices in Vancouver and Toronto, which required a tightening of mortgage regulations to curb possible housing market bubbles…

6. The Dow has slid 122 points after the first 30 minutes of tradingFedEx (FDX, NYSE) shares fell more than 5% after the company warned that “slowing international macroeconomic conditions and weaker global trade growth trends continue, as see in the year-over-year decline in our FedEx Express international revenue”in Toronto, the TSX has lost 54 points while the Venture is unchanged at 636 after hitting a new 2019 high yesterday of 638…the Index is working through a band of resistance between the 620’s and the mid-660’s…once that is cleared, a major acceleration to the upside is likely…astute investors are positioning now for a very buoyant summer which will likely start early…the Venture’s 100-day moving average (SMA), in decline for a year, has flattened out at 600 and is preparing to reverse higher early in Q2, a sure sign that this market is going to heat up in a major way…

7. 48North Cannabis (NRTH, TSX-V), which is bouncing back strongly as predicted after dipping as low as $1.19 late last week, has been added to the Horizons Marijuana Life Sciences ETF“The addition of 48North to the HMMJ signals market validation of the company’s strong position in the Canadian cannabis industry,” stated 48North co-CEO Alison Gordon.  “48North’s inclusion, along with a select group of its peers, is a proof-point that the company is being watched closely by the investment community.  Investors are taking note of the disruptive potential that, pending Health Canada’s approval, 48North’s significant outdoor cultivation will have on the industry as a whole”in addition to the HMMJ, 48North is also listed on the Horizons Emerging Marijuana Growers Index ETF (HMJR, TSX), a select group of primarily North American publicly-listed companies involved in the cultivation, production and/or distribution of marijuana…HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses…this index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry…the North American Marijuana Index selects from a current universe of companies that have operations that may include one or more of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 19, 2019

7 @ 7:00

Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,303 and $1,312 so far today as investors focus on a new 2-day Fed meeting that begins this morning…as of 7:00 am Pacific, bullion is up $6 an ounce at $1,309…the Fed tomorrow is expected to lower its interest rate forecasts, or “dot plots”, to show little or no further tightening in 2019…with global economic growth appearing to slow, most market participants anticipate the U.S. central bank to adopt a cautious tone…how much of this dovishness is already “baked” into the market we’ll see as the week unfolds…SPDR Gold holdings posted their biggest daily gain yesterday since January 18th…Palladium has hit a new all-time high, crossing the $1,600 an ounce mark for the first time as news that Russia is planning to ban exports of precious metals scrap fuelled concerns over an already supply-constrained market…Palladium also continues to get help from China, the world’s biggest auto market, which continues to enforce stimulus measures to boost its tiring economy…Silver has added 7 cents to $15.39…Copper is up a penny at $2.94…Chilean miner Antofagasta expects a deficit of between 100,000 and 300,000 tonnes in the global Copper market in 2019, CEO Iván Arriagada said today…Nickel is 6 cents higher at $5.93 while Zinc has gained 1 cent to $1.29…Crude Oil hit a new 2019 high this morning, currently up 18 cents at $59.27…the U.S. Dollar Index has retreated one-tenth of a point to 96.40…lawyers for British Columbia’s anti-Oil socialist government argued in court yesterday that B.C. should have the authority to limit Oil shipments on federally regulated export pipelines within the province, such as the Trans Mountain expansion project, which of course would effectively give the province a “veto” over federally authorized, interprovincial infrastructure projects…such a scenario should be viewed by any reasonable judge as contrary to the Canadian constitution…meanwhile, the embattled Liberal federal government rolls out a new budget today which will be far from balanced as Prime Minister Trudeau promised voters in the last election…the 2018 budget actually mentioned the word “gender” more than 150 times but not once mentioned the word “pipeline”…that defined Trudeau’s real priorities as the most far-left PM in Canadian history…not surprisingly, Canada’s economy in Q4 grew at a paltry annualized rate of just 0.4% vs. a much more robust 2.6% in the United States…as Kevin O’Leary has pointed out repeatedly, Canada is just a very poorly managed country these days…

2. U.S. economic growth is set to slow significantly this year and next, according to respondents to the CNBC Fed Survey for March, and weaker global growth and tariffs are seen as the major culprits…the average forecast for GDP growth this year is just 2.3%, down from 2.4% expected in the January survey and a further slowing from the actual 3.1% year-over-year pace for the 4th quarter of 2018…economic growth is seen stepping down below 2% in 2020, according to the survey…the outlook for slower growth has prompted the 43 survey respondents to lower their expectations for Fed rate hikes this year and next – barely forecasting 1 hike and some even seeing rate cuts on the horizon…asked about the biggest threats to the U.S. expansion, slowing global growth and protectionist trade policies ranked No. 1 and No. 2, respectively…however, the concerns about trade policy come from a group where 51% approve of President Trump’s handling of the economy and only 32% disapprove…a weak outlook for growth abroad knocked just under half a percentage point off GDP forecasts this year, according to respondents, who include economists, fund managers and strategists…tariffs, both those put in place by the Trump administration and retaliatory tariffs from other countries, are estimated to cut one-fifth of a percentage point from growth…how does the Fed process all these crosscurrents? – with fewer rate hikes and a bigger balance sheet, according to respondents…60% still see a rate hike this year, but that’s down from 78% in the January survey…notably, 14% forecast a rate cut, rising to 35% in 2020

3. Exploration spending in the prolific Eskay region this summer is expected to hit a new all-time high1 junior that was not involved in the district last year, Crystal Lake Mining (CLM, TSX-V), has just raised $4 million for its Newmont Lake Project, starting 15 km northwest of Nickel Mountain, which features an historic Gold resource and multiple high-grade opportunities along the McLymont Fault, in addition to a new grassroots drilling discovery at Burgundy Ridge announced 10 days ago that includes high-grade Copper plus Gold, Silver, Cobalt and Zinc in a potential large-scale porphyry system west of the McLymont Fault…meanwhile, Tudor Gold (TUD, TSX-V) has just completed a $3 million private placement with Eric Sprott taking half of that amount in his first investment in the company…Tudor owns 60% of the Treaty Creek Project which borders Seabridge Gold’s (SEA, TSX) KSM Property to the southwest and Pretium Resources‘ (PGX, TSX) Brucejack mine property to the southeast…Garibaldi Resources (GGI, TSX-V), Crystal Lake, Metallis Resources (MTS, TSX-V), Aben Resources (ABN, TSX-V), Etruscus Resources (ETR, CSE) and Tudor Gold top BMR’s list of best opportunities among juniors in the district this summer…

4. The Dow is up 86 points through the first 30 minutes of tradingin Toronto, the TSX has lost 15 points while the Venture has jumped another 3 points to 636, a new yearly high…Harvest Cannabis (HVT, TSX-V) continues to run, slightly surpassing its 2018 high of $1.10 in early trading…Corvus Gold (KOR, TSX) has drilled its best hole yet at Mother Lode in Nevada, a 126-m intercept grading 1.85 g/t Au that outlines a major new and expanding center of the deposit north of the existing resource…resource expansion drilling at Mother Lode is ongoing with 15,000 m planned during the current phase…ML-19104 had thick intervals of underground-type grades in the 46 g/t Gold range with the bottom of the hole averaging almost 5 g/t Au…this hole, along with previously reported ML-18093 (116 m @ 1.8 g/t Au) and ML-18087 (114 m 1.4 g/t Au) are defining a large new deposit north of the currently defined resource…First Vanadium (FVAN, TSX-V), formerly Cornerstone Metals, has more than doubled the size of its Carlin Vanadium Property from 1,331 acres to 3,177 acres…the new claims provide the company with a larger working area around the Carlin Vanadium deposit…Vanadium is growing in importance for key industrial manufacturing sectors, most notably steel and renewable energy…

5. Westhaven Ventures (WHN, TSX-V) is off to a flying start in 2019 drilling at its Shovelhose high-grade Gold discovery near Merritt in B.C.’s southern interior…the first hole of this year’s campaign (SN-1901) has returned 12.7 m grading 39.3 g/t Au and 133.1 g/t Ag from 154.34 m to 167.0 m …assays are pending for SN-1902 which cut an intercept of rhyolite breccia with sections of banded quartz, ginger, pyrite and visible Gold in veins between approximately 137 m and 177 m…SN-1903 is currently in progress…based on the geology of the vein zone with a steep dip to the west, the company says true widths are estimated to be about 80% to 90% of reported interval lengths…Gareth Thomas, Westhaven President & CEO, commented, “SN1901 contains the highest gram-metres (497.66 g-m) intercept to date on Shovelnose.  It was drilled at 50-m strike spacing between hole SN1814 (435.36 g-m) and hole SN 1815 (413.49 g-m).  South zone drilling continues to define the extent and demonstrate the continuity of this Gold-mineralized vein system.  Drill intercepts of this grade and thickness strengthen management’s belief that we’re dealing with a large, high-grade Gold system”WHN jumped 19 cents yesterday following the halt, closing at $1.12 on total volume (all exchanges) of 1.3 million shares…the stock broke above its 50-day SMA which had been resistance since mid-January…

6. Chemesis International (CSI, CSE) announced this morning that it has arranged a partnership with First Medical Cannabis LLC to commence exclusive cultivation of hemp with high yields of cannabidiol…with the anticipation of hemp legalization in Puerto Rico, the company continues to increase its foothold on the island and now has the ability to cultivate high yield CBD derived from hemp on a large scale for distribution on the island and the mainland USA…initially, Chemesis will have access to 1,000 acres for hemp cultivation, and will have the option to expand up to an additional 5,000 acres of prime agricultural estate…in total, the partnership and joint venture with First Medical Cannabis provides CSI with access of up to 6,000 acres of agricultural land in Puerto Rico…Chemesis will leverage its fully compliant facility to manufacture, process, and distribute hemp-derived CBD products…the facility has the ability to off-take all hemp produced by First Medical, and process into finished goods for sale in domestic and international markets, including the continental United States…Puerto Rico has a competitive advantage as the climate, soil, and geographical region allow for a much longer growing season…“Since the last of Puerto Rico’s sugar mills closed in 2000, the island has been in need of an agricultural revolution and the hemp industry promises much needed jobs,” said Chemesis CEO Edgar Montero. “Puerto Rico’s tropical climate makes the island an ideal competitor in the hemp industry, furthermore it will allow the company to harvest up to 3 crops per year compared to 1 in many areas around the world”CSI is up 4 cents at $2.07 as of 7:00 am Pacific

7. Tilray (TLRY, NASDAQ) has reported that its cannabis sales more than doubled over the last year…Tilray’s 4th-quarter revenue of $15.5 million lifted 2018 sales to $43.1 million, up 110% from last year…the surge was driven by bulk sales, the first months of the legal adult-use market in Canada and accelerated wholesale exports, according to its latest financial update…analysts had expected Q4 sales of $14.1 million“Our team made significant progress on our long-term initiatives including increasing production capacity, expanding and strengthening strategic partnerships, and acquiring complementary businesses to accelerate our future growth and leadership position in medical and adult-use cannabis,” Tilray CEO Brendan Kennedy stated…net loss for the quarter was $31 million, or 33 cents per share, compared to $3 million, or 4 cents per share, for the prior-year period…the company also said that the number of kilograms of cannabis and derivative products increased nearly 3-fold to 2,053 from 694 kilograms compared to the 4th quarter of 2017…kilograms sold in 2018 more than doubled to 6,478 from 3,024 in the prior year…Tilray expanded a number of strategic partnerships with global partners in Q4

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 18, 2019

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,298 and $1,307 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,305…Silver has added 12 cents to $15.38…Copper is up a penny to $2.94…Nickel is 5 cents higher at $5.87 while Zinc is unchanged at $1.29…Crude Oil is flat at $58.53 while the U.S. Dollar Index is also unchanged at 96.52OPEC and other major Oil producers today canceled a meeting planned for April, a move that leaves the alliance’s price-boosting production cuts in place until at least June…the group is delaying its decision because it expects the Oil market to remain oversupplied through the 1st half of the year, Saudi Energy Minister Khalid al-Falih said at a committee meeting in Baku, Azerbaijan…the delay also allows the producers to assess how U.S. sanctions on OPEC-members Iran and Venezuela will affect the Crude market in the coming months…

2. Underneath the stock market’s epic rebound has been a “more favorable” trend that Credit Suisse says will drive the market higher…the bank has dialed up its year-end forecast for the S&P 500 to 3,025 from 2,925 previously…the new forecast calls for a gain of more than 20% or more than 7% from current levels after the big rally to start the year…it would also be the stock market’s best year since 2013..all the market risks that tanked stocks in December are now “receding” according to Credit Suisse chief U.S. equity strategist Jonathan Golub…“Less hawkish comments from the Fed, declining inflation and recession fears, and the potential for a resolution to China trade issues are the primary forces driving volatility and spreads lower, and stocks higher,” he stated…notably, the U.S. election cycle favors bullish markets this year…U.S. equity markets have risen significantly in the year after all 18 mid-term elections since World War II with the S&P delivering an average return of 14.5%, according to LPL Financial Research…the pattern is pointing to a longer bull run even after this year’s epic rebound…the S&P is up only 1.3% since the mid-terms last November, so there is indeed a lot of room for stocks to run in 2019 based on historical patterns…

3. Canadian mining companies and investors don’t need to be lectured by socialists from Mexico – they’ll just take their money elsewhereCanadian companies operating in Mexico have been “put on notice” that the sector is going to face increased scrutiny on its environmental practices and treatment of Indigenous people, according to the the country’s new ambassador to Ottawa…“President Lopez Obrador has been very public about this, that we really want a strong, profitable mining sector – and Canadian mining companies are large investors in Mexico – but we expect them to operate in this country with exactly the same standards as they do in Canada,” Juan Jose Gomez Camacho, who was ratified as the new ambassador last Thursday, said in an interview at the foreign affairs ministry in the Mexican capital…some 70% of foreign-owned mining companies operating in Mexico are based in Canada, according to Global Affairs Canada…in 2015, Canadian firms held assets in Mexico totalling nearly $20 billion (U.S.)…Gomez Camacho said enforcement of Mexico’s existing laws will be increased under the government of Lopez Obrador, a socialist who has made “combating corruption” and improving the welfare of Mexico’s poor key parts of the plan for his 6 years in office…“One area that is very important to us, in the case of the mining industry, is that we see a stronger, more robust impact on the socio-economic development of the communities where the mines are,” the ambassador said…part of this process is strengthening the rule of law in Mexico, he said, and “increasing the role of the state in making sure that the standards of operation in Mexico from foreign companies in this or any other sector are sustainable.  But it’s also a self-discipline, it’s a question of companies’ values on how they operate”…it’s not hard to see where things are headed in Mexico – it’s yet another jurisdiction resource sector investors need to be increasingly wary of..

4. The Dow is up 22 points through the first 30 minutes of tradingin Toronto, the TSX has gained 52 points while the Venture has added another 4 points to 623, a new yearly high…Harvest One Cannabis (HVT, TSX-V) is a volume and price gain leader in early trading after announcing that it has inked an agreement to become a medical cannabis supplier to Shoppers Drug MartAuramex Resource (AUX, TSX-V) continues to consolidate an impressive land position in Northwest B.C. with the company announcing this morning that it has optioned the Silver Crown Property from Teuton Resources (TUO, TSX-V)…the Auramex geological team is planning to integrate the newly acquired Silver Crown Property into its exploration program along the Bear Valley-American Creek corridor near Stewart…currently, the team is finalizing its data compilation and preparing for the 2019 field season, which includes permitting for diamond drilling…on the CSE, Miramont Resources (MONT, CSE) has hit a new high of 63 cents in early trading…the company started drilling its promising Cerro Hermosa Project in Peru in late January and an update is expected soon…strong opportunity for a new discovery there…

5. Westhaven Ventures (WHN, TSX-V) was halted pre-market, pending news (likely drill results)…another discovery play in B.C. (high-grade Gold) we continue to watch closely…we were the first to bring Westhaven to investors’ attention last fall during the time BMR broke the story about a huge staking in the southern B.C. interior along the Spences Bridge Gold Belt…Westhaven raced from 15 cents to more than $1.40 after a series of stellar results from its Shovelnose Property near Merritt such as 17.7 m @ 24.5 g/t Au and 107.9 g/t Ag, including 6.78 m @ 50.76 g/t Au and 203.54 g/t Ag (hole #14)…2019 drilling started in late February (3,000-m program)…stock closed at 93 cents Friday…a move back above $1 would be a bullish technical development…

6. B.C. goes to court over Oil:  British Columbia’s Court of Appeal will consider a key question regarding provincial powers in the political battle over the future of the Trans Mountain pipeline expansion project during a 5-day hearing that starts this morning…the B.C. government’s reference case asks the court if the province has jurisdiction to regulate the transport of Oil through its territory and restrict bitumen shipments from Alberta…specifically, it asks if proposed amendments to B.C.’s Environmental Management Act are valid and if they give the province the authority to control the shipment of heavy Oils based on the impact spills could have on the environment, human health or communities…the province is also asking the court whether the amendments are overridden by federal law…Alberta Premier Notley and Prime Minister Trudeau have said only Ottawa, not the provinces, has the authority to decide what goes in trans-boundary pipelines…Alberta and Saskatchewan have both filed documents as interested parties supporting Ottawa in the case…

7. One Canadian pot company is making a huge splash in the U.S. market…early last week, cannabis product retailer Harvest Health and Recreation (HRVSF, NASDAQ) announced it would buy competitor Verano Holdings for $850 million in an all-stock deal, marking the largest U.S. cannabis deal to date…the combined company will be one of the country’s largest multi-state operators, presiding over as many as 200 facilities in 16 states…Steve White, the co-founder and CEO of Harvest, has a clear vision for how Verano will bolster Harvest’s positioning in the still-developing U.S. pot industry…“Presently, we’re in a phase that people are referring to it as a land grab,” White told CNBC“We plan on…developing the largest retail footprint, the largest retail platform, in the United States, and with this acquisition, I think we’ve done that”Harvest currently operates in Arizona, California, Florida, Maryland, Ohio and Pennsylvania, and was already planning to open new locations in Massachusetts, Michigan and North Dakota…the Verano acquisition adds Illinois and Nevada to that list, as well as plans for new locations in Puerto Rico, Oklahoma and New Jersey…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 15, 2019

7 @ 7:00

Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,297 and $1,305 so far today…as of 7:00 am Pacific, bullion is up $8 an ounce at $1,304…the yellow metal got a lift when the New York region’s manufacturing sector showed weakness in fresh numbers released this morning…the New York Federal Reserve said its Empire State manufacturing survey’s general business conditions index dropped to a reading of 3.7 in March, down from February’s reading of 8.8…consensus forecasts were calling for a rise to 10.1…according to the report, this is the 3rd consecutive month the index has remained below 10, “suggesting that growth has remained quite a bit slower so far this year than it was for most of 2018Silver has jumped 16 cents to $15.31…Copper is up 2 pennies to $2.93…Nickel is 5 cents higher at 5.86 while Zinc is down a penny at $1.29…a nationwide power failure in crisis-stricken Venezuela could trigger “serious disruption” to the Oil market, the International Energy Agency (IEA) warned today, but OPEC kingpin Saudi Arabia should have the means to offset any further production woes in Caracas…the IEA report comes at a time when Venezuela, home to the world’s biggest Oil reserves, is in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory…thanks to socialism, Venezuela has gone from being the richest country in South America to an economic basket case…bad government policies continue to plague Canada’s Oil sector…Imperial Oil (IMO, TSX, NYSE) has just announced that it has slowed the development of a $2.6 billion Oilsands project because of uncertainty due to the Alberta government’s Oil production curtailment program and other challenges…first production from the Aspen in-situ project had been expected in 2022 but will now likely be delayed by at least 1 year, Imperial has confirmed…some profit-taking in WTI this morning which is down 48 cents at $58.13 after a strong week…the U.S. Dollar Index is off more than one-tenth of a point at 96.57

2. The world’s appetite for Oil and gasoline is growing faster than many forecasters expected, meaning Crude prices will continue to push higher according to Goldman Sachs…the investment bank says Oil demand grew by 1.55 million barrels per day in January alone, a strong result despite a tough comparison with high consumption last year…for the 1st quarter, Goldman expects global Oil demand to grow by nearly 2 million bpd, trouncing its earlier forecast for 1.1 million bpd and driven by consumption in emerging markets…it will also keep growth for the full year on pace for Goldman’s target of 1.45 million bpd, making the bank more bullish than most forecasters…“We continue to believe that ongoing macro and Oil demand concerns are overdone,” Goldman analysts said in a research note yesterday…the strong demand will likely push Brent Crude, the international benchmark for Oil prices, above $70 per barrel…the rally has already outstripped Goldman’s prior view that Brent would peak at $67.50 in the 2nd quarter…Brent hit a 2019 high above $68 yesterday and is trading around $66.52 this morning…

3. The precious metals space will soon be reawakened by Palladium’s rally, with Gold, Silver, and Platinum prices heading higher, according to Mike McGlone, respected senior commodity strategist for Bloomberg Intelligence (BI)…“The precious metals market is about to resume a rally, in our view, on the back of a surge in the Palladium price.  For the first time in 5 years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average.  It may be a better bullish broad-market indication if the recent visit above $1,500 an ounce in Palladium marks a peak”…a pattern in which the precious metals follow Palladium’s lead has already been established, McGlone pointed out…“Platinum, Silver and Gold embarked on decade-long rallies shortly after a similar parabolic Palladium rally and peak in 2001,” he pointed out…“History is likely to repeat, as we see it. The precious metals index is just recovering from the halfway point of that rally, with Platinum the most unloved, similar to 1999. The Platinum discount to Palladium appears to be unsustainable.  Platinum and Silver have the most upside potential, with the former looking ready to test the resistance level of $1,500 an ounce.  That level is the recent record high in Palladium, but only the halfway mark of the 2008-09 bear market for Platinum.  At the bottom of that range now, with the Palladium-to-Platinum ratio extending the 2001 peak, we think Platinum is ready to take the bull market baton,” McGlone concluded…

4. The Dow is off 17 points through the first 30 minutes of tradingin Toronto, the TSX is getting some help from Gold stocks and is up 62 points…Continental Gold (CNL, TSX) was halted pre-market and then announced that it has obtained a $175 million (U.S.) financing package consisting of (a) $75 million of unsecured convertible debentures being issued to certain investors, including a $50 million debenture from Newmont Mining (NEM, NYSE), and (b) a $100 million Gold and Silver stream from a company based in BermudaContinental is proceeding toward construction, commissioning and start-up of its Buritica Project in Antioquia, Colombia…the Venture, still trying to overcome resistance in the low 620’s, has added 3 points to 626…on the CSE, Miramont Resources (MONT, CSE) has hit a new high of 59 cents in early trading…Miramont could be on the verge of an important new discovery at its flagship property in Peru…drilling at Cerro Hermosa commenced in January and an update is expected soon…this is a well-financed company (powerful backers) with solid management that’s determined to push the story out to investors…interestingly, especially considering the rather prolific regional trend, Cerro Hermosa has hardly been touched historically, a fact that drew considerable curiosity from Dr. Quinton Hennigh (Miramont Chairman) when he first looked at the project…however, Dr. Hennigh quickly came to the conclusion that Cerro Hermosa was a stellar overlooked opportunity…combined with local infrastructure and community support, Cerro Hermosa “ticked all the boxes”, according to Dr. Hennigh…just recently, in a clear indication that drilling has been going well, Miramont signed an option agreement to acquire the An An concession immediately adjacent to Cerro Hermosa…the company has now consolidated a total of 1,886 hectares at the project with the addition of this 568-hectare concession…

5. Tesla (TSLA, NASDAQ) has just introduced its latest electric vehicle, the Model Y, a crossover SUV that will cost from $39,000 to $60,000 depending on configuration…some Wall Street analysts were underwhelmed by the vehicle, however, and Tesla stock is down about 5% on the news in early trading…the Model Y is about 10% bigger than the Model 3, seats 7, features a panoramic glass roof and 66 cubic feet of cargo space, Tesla CEO Elon Musk said, showing off a a Model Y prototype at the Tesla Design Canter in Hawthorne, California last night…the company plans to produce 4 different versions of the new SUV…according to Musk, the Model Y will share about 75% of its components with the company’s Model 3 electric sedans, allowing Tesla to start manufacturing the new SUV for far less money that it spent to begin producing the Model 3

6. Lightspeed POS (LSPD, TSX) has been a big market success in the early going which bodes well for other tech IPOs this year in Canada…the stock opened at $18.10 last Friday and is trading just below $23 this morning…the company has closed its initial public offering of 17.25 million subordinate voting shares at a price of $16 per share for total gross proceeds of $276 million, which includes the exercise in full by the underwriters of their over-allotment option…headquartered in Montreal, Lightspeed provides an easy-to-use, omni-channel commerce-enabling platform…the company’s software platform provides its customers with the critical functionalities they need to engage with consumers, manage their operations, accept payments and grow their business…Lightspeed operates globally in approximately 100 countries, empowering single and multi-location small-and-medium-sized businesses to compete successfully in an omni-channel market environment by engaging with consumers across on-line, mobile, social and physical channels…founded in 2005, the company has grown to approximately 700 employees, with global offices in Canada, the United States, Europe and Australia…

7. There was a ton of excitement over the 56,000 Canadian jobs run-up in February, but the closer you examine the data, the less impressive it becomes as pointed out by David Rosenberg, chief economist and strategist at Gluskin Sheff + Associates…all the employment in this country is coming out of 2 sectors – government and high-tech…disturbingly, goods-producing employment has declined 23,000 year-to-date and is little higher today than it was in November 2017…and that 56,000 headline number actually becomes a 131,000 decline once the 0.7% shrinkage in hours worked is taken into account…in fact, this was the 3rd straight decline in the hours worked in a row and, over this time, the workweek has dropped at a 4.2% annual rate, something we have not seen happen since May 2009

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

March 14, 2019

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,292 and $1,305 so far today…as of 7:00 am Pacific, bullion is off $14 an ounce at $1,295 for no obvious reason other than strength in the greenback today…Silver has slipped 29 cents to $15.12…Copper has retreated 4 pennies to $2.92…Nickel is 12 cents lower at $5.82 while Zinc is unchanged at $1.30…do today’s young people, many of whom have been brainwashed by climate change ideology which is part of a socialist agenda (i.e., the Green New Deal), appreciate the importance of mining to their everyday lives?…a typical cell phone is composed of 75 different elements, which is almost three quarters of the periodic table…computers contain over 66 minerals such as Silver, Aluminum, Copper and Gold – all of which, of course, are mined…the average American car contains 50 pounds of Copper alone…the list goes on…Crude Oil has hit a fresh 4-month high, up 31 cents to $58.57 while the U.S. Dollar Index has strengthened nearly one-third of a point to 96.76Bloomberg News reports that China and the U.S. are trying to push back a meeting between the countries’ 2 leaders from late March to April at the earliest…this comes after President Trump said he was in no rush to form an agreement (more negotiating tactics)…Bloomberg’s report comes after China’s industrial output expanded at its slowest rate in 17 years…Trump has some leverage…investors expected the 2 leaders to meet at Mar-a-Lago later this month as both sides claimed progress was being made on trade negotiations…great article in this morning’s Financial Post by Gwyn Morgan that explains how foreign-backed anti-Oil activists have infiltrated Canada’s government – how Canadians could accept this “collusion” is mind-boggling…Canadians watching Robert Mueller’s investigation into Russian interference in the 2016 U.S. election might be tempted to find comfort in their certainty that such foreign interference could never happen here.  Except it already has.  And while the Russian government at least denies interfering in American political affairs, the perpetrators who meddled in Canadian elections have publicly trumpeted their success in devising and executing their plan aimed at helping elect who they wanted” (Talk about ‘collusion’: How foreign-backed anti-Oil activists infiltrated Canada’s government”)…

2. One of Australia’s largest high-grade Nickel producers, Western Areas (WSA, ASX), has reported a significant increase in inbound off-take inquiries for Nickel sulphide concentrate post current contract periods…according to the company’s managing director, Dan Lougher, this new trend is primarily linked to the accelerating electric vehicle battery sector…addressing the 2nd day of the Paydirt 2019 Battery Minerals Conference in Perth, Lougher said some of the new inquiry was driven in part by Tsingshan, the company’s 2nd largest off-take partner and China’s largest stainless steel producer…“Players looking to lock in new long-term contracts will be doing so at a time technological changes in the battery space are favouring the new NCM 811 classification (Nickel, Cobalt, Manganese) which research indicates will be the fastest growing battery combination by 2025,” Lougher said. “These battery cells offer better energy density, allowing fewer and/or lower weight batteries in cars – but they will require even more Nickel”

3. SilverCrest Metals (SIL, TSX-V), an increasingly attractive potential takeover target, was halted pre-market followed by news of an updated resource estimate for its Las Chispas Property in Sonora, Mexico…infill drilling at Las Chispas has delineated an initial Indicated resource estimate of 1.0 million tonnes grading 7 g/t Au and 710.6 g/t Ag, or 1,234 g/t Ag equivalent, containing 39.8 million ounces of AgEq…Inferred Resources are estimated at 3.6 million tonnes grading 3.3 g/t Au and 332.5 g/t Ag, or 581 g/t AgEq, containing 68.1 million ounces of AgEq…of the 30 known veins in the district, 10 veins were included in the updated resource estimate…CEO Eric Fier commented, “Less than 3 years ago we first started drilling the Las Chispas Property and we are now announcing our 3rd resource estimate, including our first Indicated resource estimate.  We are particularly excited about the high-grade resources delineated at the Babicanora (including HW), Babicanora FW and Babicanora Norte Veins.  These three adjacent veins cumulatively host Indicated resources of 1.0 million tonnes grading 1,234 gpt AgEq (39.8 million ounces of AgEq).  These high-grade resources are near-surface and conceptually can be developed using the same underground infrastructure, which may be a key driver of the economics for the project.  This 3rd mineral resource estimate will be used to finalize the ongoing PEA planned for release in Q2, 2019.  The company will continue exploration with 7 core drills focused on infill drilling to upgrade additional Inferred resources into the Indicated category and 5 core drills testing up to 5 new vein prospects in H1, 2019

4. The Dow is flat through the first 30 minutes of tradingBoeing (BA, NYSE), which has by far the biggest influence of any stock on the Dow, is down about $70 a share or 16% from its all-time high of $446 March 1Boeing’s entire fleet of 737 Max jets was grounded yesterday when Canada and the United States joined dozens of other countries and closed the skies to the aircraft following 2 tragic crashes in less than 5 months…the financial impact of the groundings remains unclear for carriers including Air Canada and WestJet, but the decision will affect dozens of daily flights carrying thousands of people across Canada…the cost to Boeing (and some insurance companies) will be substantial…in Toronto, the TSX is off 31 points while the Venture has given up 1 point to 62348North Cannabis (NRTH, TSX-V) is down for the 3rd straight session this morning following the announcement of a $25 million bought deal private placement at $1.36 per unit…strong technical support from the rising 20-day SMA at $1.14 into the $1.20’s where immediate accumulation makes sense…Hexo’s (HEXO, TSX) $263 million deal for Newstrike Brands (HIP, TSX-V) came together over dinner with The Tragically Hip and marked the first time Royal Bank of Canada advised on a cannabis transaction…Bloomberg reports that the Canadian rock band owns more than 5% of Newstrike and has been a key adviser to the Toronto-based pot firm, according to CEO Sebastien St. Louis…RBC Capital Markets acted as the financial adviser to Newstrike, the first time the bank has advised on a cannabis deal…RBC Capital Markets head Doug McGregor said in December that it would begin advising on cannabis stock sales and takeovers…iMetal Resources (IMR, TSX-V) has just announced the closing of a small but strategic private placement 30% above the current stock price…$250,000 @ 15 cents per unit in addition to $500,000 raised through the exercise of warrants puts IMR in an excellent position to further ramp up drilling at its Gowganda West Gold Project where the first few holes have intersected visually impressive mineralization…

5. White Gold (WGO, TSX-V) has unveiled a fully financed 2019 exploration program on its massive 439,000 hectare land package representing over 40% of the prolific White Gold district in the Yukon…this year’s program, budgeted at approximately $13 million, has been designed to follow up on the company’s new high-grade Vertigo discovery on its JP Ross Property, expand the Golden Saddle and Arc resources with diamond drilling on the GS West discovery and other nearby targets, increase the recently acquired 230,000 ounce VG resource (4.4 million tonnes Inferred grading 1.65 g/t Gold at a cut-off of 0.5 g/t) on its QV property, as well as to identify and test high priority regional targets…backed by partners Agnico Eagle (AEM, TSX, NYSE) and Kinross (K, TSX; KGC, NYSE), 2019 exploration is planned to commence in the coming weeks…Shawn Ryan, Chief Technical Advisor stated, “2019 will be one of the most exciting seasons for White Gold and has the potential to be a transformative year for us.  Our systematic regional exploration approach is working exceptionally well and resulted in 4 new discoveries last year (the Vertigo, GS West, Ryan’s Surprise and Betty Ford).  This year’s program will also feature diamond drilling on the Vertigo discovery to expand this new unique style of high-grade Gold mineralization.  Concurrently, the regional program on the JP Ross Property will follow up on multiple other highly anomalous Gold targets near the Henderson Creek drainage system where placer Gold mining has been taking place since the turn of the century, and will continue to utilize detailed soil sampling, GT probe and RAB drilling to hone in on high-probability targets, which we anticipate will lead to more new discoveries.  The Golden Saddle deposit will be moved along with more diamond drilling on the GS West and Ryan’s Surprise discoveries.  The recently acquired VG deposit will undergo drilling to expand the known resources and we will be applying our proprietary regional exploration program to advance some of our other priority targets.  All and all this should be our best season yet”

6. Aurora Cannabis (ACB, TSX), aiming for its 5th straight winning session, is off slightly in early trading…yesterday, the stock soared $1.38 a share to close above the $12 level for the first time since October…billionaire Nelson Peltz has signed on as a strategic adviser to Aurora, lending his reputation and name recognition in exchange for millions of stock options…Peltz, who runs the activist investment firm Trian Fund Management LP, will work with Aurora on partnerships and global expansion…in return, he has been granted options that allow him to purchase almost 20 million Aurora shares for $10.34 each…the options vest over 4 years and expire after 7 years…the move comes as major Canadian cannabis producers scramble to sign export deals and to make international acquisitions…as Aurora expands internationally, with recent transactions in countries such as Portugal and Britain, the company hopes Peltz’s relationships will help to forge new deals – especially as global consumer-products companies grow more comfortable with cannabis…despite his reputation, 2 of Peltz’s most recent major bets have failed to deliver…2 years into its investment in Procter & Gamble, Trian is still trying to turn the consumer products giant around…the fund also took a bath on General Electric

7. Not exactly a “pot of Gold” as governments across Canada expected…Ottawa has sent the first weed excise tax payments to the provinces without disclosing amounts, according to a Globe and Mail report this morning…the government was mum likely because the cheques were much smaller than expected…British Columbia is the only province to disclose its excise tax revenues – $1.3 million for October to December, 2018…it had expected $50 million total this fiscal year, but now will be lucky to get $3 million…other provinces have not disclosed their receipts…Manitoba did not even mention cannabis revenues in last week’s budget…for Q4, Statistics Canada says legal pot sales totalled $307 million…that means the federal government would have earned about $31 million in GST and excise taxes on cannabis for that period…at the end of 2018, black market sales still accounted for 80% of Canadian recreational cannabis purchases…streamlining the tax regime, and lowering the cost of the legal product, will be an important part of driving that share down…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Older Posts »
  • All Posts: