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December 11, 2016

Compelling Zinc-Copper Play With High-Grade Gold Bonus

Capturing The Investment Opportunities In Zinc & Copper

At BMR, we’ve recently brought forward some outstanding opportunities for our subscribers in the Zinc space, not the least of which was a stock flying completely under the radar – Morumbi Resources (MOC, TSX-V) – that has already tripled in price from our initial introduction in late September at 10 cents.

Early-mid December is the best time of the year to be on the buy side in the junior exploration sector.  Continuing with the Zinc and VMS theme, we’ve identified another gem that’s clearly undervalued given its current Zinc-Copper resource, strategic partner, the strong potential for a cluster of deposits, cash in the bank (~$5 million), share structure, and high-grade Gold properties.

We expect this company to take steps to increase its profile in the near future as a new milestone is reached in its flagship project, so now is the ideal time to get positioned in this play.

Click here to learn more about this Zinc-Copper play, and access all BMR subscriber-only content, by taking out a Pro, Gold or Basic subscription, or login with your username and password.

February 17, 2019

The Week In Review And A Look Ahead!

How the Venture could really erupt leading into PDAC if it’s able to conquer certain key resistance…

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

If you’d like to know our service better, and receive a complimentary BMR eAlert for a top opportunity as a current nonBMR subscriber, simply click on the link below and follow the simple instructions.

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February 9, 2019

The Week In Review And A Look Ahead!

The “Big Picture” for 2019 and the safest strategy to pocket spectacular returns…

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

If you’d like to know our service better, and receive a complimentary BMR eAlert for a top opportunity as a current nonBMR subscriber, simply click on the link below and follow the simple instructions.

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February 6, 2019

7 @ 7:00

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

1. Gold has traded between $1,311 and $1,316 so far todayas of 7:00 am Pacific, bullion is off $2 an ounce at $1,313…holdings of Gold by global ETFs and similar products as of the end of January stood at their highest level since 2013, according to data from the World Gold Council this morning…ETF holdings increased for the 4th straight month, this time by 71.9 tonnes to 2,512.8 tonnes…holdings have jumped by around 185 tonnes over those 4 months, reversing a decline in the 3rd quarter of 2018…Silver has retreated 4 pennies to $15.79…Nickel touched $5.93 overnight, a fresh 4-month high, before pulling back to $5.76…this latest move in Nickel is related to concerns that a force majeure by Brazil’s Vale on some Iron ore contracts could lead to restrictions in its Nickel supply – whether that actually materializes remains to be seen…Vale is the world’s top producer of Nickel…a Brazilian court forced production to stop at Vale’s Iron ore mine after a tailings dam burst last month, killing more than 300 people and compelling the company to tell clients it could not deliver on some Iron ore contracts…Copper is up 2 pennies to $2.81 while Zinc is steady at $1.23…Crude Oil has retreated 54 cents a barrel to $54.02 while the U.S. Dollar Index is up more than one-tenth of a point at 96.21…in economic news, the U.S trade deficit with its global partners fell in November for the first time after 5 straight months of increases as the shortfall with China and several other countries declined…President Trump delivered a rousing State of the Union address last night, including words he’ll likely be repeating a lot leading up to the 2020 elections against a Democratic Party that has lurched far to the left…“America was founded on liberty and independence and not government coercion, domination and control,” he said to Republican applause…“We are born free and we will stay free.  Tonight, we renew our resolve that America will never be a Socialist country,” he added as House Speaker Nancy Pelosi sat rather stone-faced behind him…at least 70 Democrats have so far endorsed the so-called “Green New Deal” which would dramatically transform America society…

2. U.S. Treasury Secretary Steven Mnuchin, in an interview on CNBC’s “Squawk Box” this morning, expressed confidence in the progress of trade talks with China and said he and a U.S. delegation are heading to China next week with intent to make a March deadline…“We are committed to continue these talks.  We’re putting in an enormous amount of effort to hit this deadline and get a deal. That’s our objective”…Mnuchin said the administration had “very productive meetings” with Chinese Vice Premier Liu He…the White House has set a March 2 deadline to iron out complex trade issues with China…in particular,  the administration is looking for concessions on the ability of U.S. companies to sell in China, to stop the theft of intellectual property and other structural issues…

3. The Dow is off 62 points through the first 30 minutes of trading…infrastructure and defense shares are 2 of the winners from President Trump’s State of the Union address…drug stocks, meanwhile, are the biggest loser as Trump pushes for lower medicine prices…in Toronto, the TSX is off slightly while the Venture, which had its 8-session winning streak snapped yesterday, is down 5 points at 616 as cannabis stocks come under some additional pressure…Khiron Life Sciences (KHRN, TSX-V) was halted on news that the company has arranged a $20 million bought deal financing at $2.20Khiron is positioned to be the dominant integrated medical cannabis company in Latin America…it has core operations in Colombia and is fully licensed in the country for the cultivation, production, domestic distribution and international export of both THC (tetrahydrocannabinol) and CBD (cannabidiol) medical cannabis…

4. Following completion of a $3 million strategic investment from Canopy Growth (WEED, TSX), 48North Cannabis (NRTH, TSX-V) announced this morning that it has closed the $7 million final tranche of that 75-cent private placement for aggregate proceeds of $10 million…the $7 million came from a leading U.S.-based private investment fund…the financing provides capital and liquidity to support the continued expansion of 48North, including the development of its 100-acre farm and large-scale extraction capabilities to significantly increase 2019 production and facilitate the rapid development of innovative, next-generation cannabis products…48North operates 2 indoor-licensed cannabis production sites in Ontario with over 86,000 sq. feet of production capacity…NRTH is unchanged at 71 cents in early trading…

5. Robert Friedland is beating the drums again:  Ivanhoe Mines (IVN, TSX) and its Chinese partners, Zijin Mining Group and Crystal River Global Ltd., have released an independent prefeasibility study (PFS) for the development of the Kakula Copper mine and an updated, expanded PEA for the overall development plan of the Kamoa and Kakula Copper discoveries at the Kamoa-Kakula Project in the Congo…“It has been a remarkable 25 years since my first keynote presentation at the very first Mining Indaba, in this beautiful city of Cape Town, South Africa.  In that inaugural speech in 1994, we shared with delegates how African Minerals, the founding, corporate trailblazer for Ivanhoe Mines, was focused on its quest for major discoveries in and around Southern Africa’s legendary mineral fields,” stated Friedland, in his usual colourful language…“Now, after more than a quarter of a century of exceptional field work by our team of visionary and tenacious exploration geologists, we are about to make the ‘Great Leap Forward’ from one of the modern world’s top mine finders to one of the world’s leading producers of Copper – as well as Palladium, Platinum, Zinc, Nickel, Gold, Silver and Rhodium from the other two major mining projects that Ivanhoe is developing in Southern Africa.  To all of our African Brothers and Sisters, you now can clearly see the fruits of the incredibly intensive efforts by our people over the past two decades, while overcoming countless challenges, to initially discover, then extensively expand, the Kamoa and Kakula resource base with a massive drilling and engineering effort”…the Kakula PFS analyzes the development of an initial 6 mtpa Kakula mine at the Kakula deposit in the southerly portion of the Kamoa-Kakula project’s discovery area…for this option, the PFS envisages an average annual production rate of 291,000 tonnes of Copper at a mine site cash cost of 46 cents (U.S.) per pound Copper and total cash cost of $1.11 per pound of Copper for the first 10 years of operations, and Copper annual production of up to 360,000 tonnes by year 4…an initial capital cost of $1.1 billion (U.S.) for this option would result in an after-tax NPV at an 8% discount rate of $5.4 billion (U.S.)…the IRR is 46.9% cent and the project payback period is 2.6 years for stage 1 of production…

6. Balmoral Resources‘ (BAR, TSX) released results this morning from the first expansion drilling in several years at its Grasset Nickel-Copper-Cobalt-PGE deposit…there was nothing dramatic or game-changing in the numbers, but BAR did expand the H3 zone of the deposit with broad mineralized intercepts and successfully intersected the lower H1 zone of the deposit at a vertical depth of approximately 775 m…this latter intercept adds over 230 m to the known vertical extent of high-grade and disseminated Nickel sulphide mineralization at Grasset…the late 2018 drill program also extended both zones of the deposit by approximately 100 m to the northwest…Grasset continues to remain open to depth and along strike to the northwest…drill holes GR-1890D and GR-18107 both returned Nickel sulphide intercepts of over 90 m in downhole width…both holes contain a higher grade core which returned 23 m grading 1.08% Nickel, 0.12% Copper, 0.03% Cobalt, 0.20 g/t Platinum and 0.51 g/t Palladium in hole 90D, and 0.51 g/t, and 53.50 m grading 1.11% Ni, 0.12% Cu, 0.03% Co, 0.22 g/t Pt and 0.55 g/t Pd in hole 107…drilling expanded the known extent of one of the broadest portions of the deposit, located near the base of the currently delineated resource…the high grade core of the Grasset deposit currently hosts an Indicated Resource estimated at 3.45 million tonnes grading 1.56% Ni, 0.17% Cu, 0.03% Co, 0.34 g/t Pt and 0.85 g/t Pd to a vertical depth of just under 500 m…

7. Atlantic Gold (AGB, TSX) has cut significant mineralization with average true widths of 15 m to 20 m outside of the current resource at its Cochrane Hill Gold deposit in Nova Scotia…the property is 80 km northeast of the company’s central processing facility at the Moose River Consolidated Gold mine…generally, Gold assays are distributed evenly across the mineralized zones…however, as in the case of drill hole CH-18317, several intersections do include single metre assays with very high Gold values (hole #317 includes 1 m of 466g/t Au within a broader zone of 11 m averaging 43.7 g/t Au)…these higher-grade assays are frequently associated with visible Gold that occurs on the margins of bedding parallel quartz veins within the argillite host rock…Cochrane Hill’s current Measured and Indicated resources stand at 10.66 million tonnes at 1.16 g/t Au for 398,000 ounces at a 0.35 g/t Au cut-off grade…Inferred resources amount to 1.63 million tonnes at 1.32 g/t Au for 69,000 ounces at a 0.35 g/t Au cut-off…

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February 2, 2019

The Week In Review And A Look Ahead!

How high will the Venture climb in 2019? – you may be surprised at what’s in the works…

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

If you’d like to know our service better, and receive a complimentary BMR eAlert for a top opportunity as a current nonBMR subscriber, simply click on the link below and follow the simple instructions.

Free BMR eAlert

To read the rest of today’s Week In Review And A Look Ahead!, sign up NOW or login as a current subscriber with your username and password.

Questions for us? Email us at: info@bullmarketrun.com.

January 26, 2019

The Week In Review And A Look Ahead!

December’s lows marked a key turning point for the Venture, the 3rd major bottom of the last decade…

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

If you’d like to know our service better, and receive a complimentary BMR eAlert for a top opportunity as a current nonBMR subscriber, simply click on the link below and follow the simple instructions.

Free BMR eAlert

To read the rest of today’s Week In Review And A Look Ahead!, sign up NOW or login as a current subscriber with your username and password.

Questions for us? Email us at: info@bullmarketrun.com.

January 20, 2019

The Week In Review And A Look Ahead!

How China responds to its slowest annual growth in nearly 3 decades will shape the commodities sector in 2019

BMR subscribers have enjoyed market-trouncing returns through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.

If you’d like to know our service better, and receive a complimentary BMR eAlert for a top opportunity as a current nonBMR subscriber, simply click on the link below and follow the simple instructions.

Free BMR eAlert

To read the rest of today’s Week In Review And A Look Ahead!, sign up NOW or login as a current subscriber with your username and password.

Questions for us? Email us at: info@bullmarketrun.com.

January 14, 2019

7 @ 7:00

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

1. Gold has traded between $1,288 and $1,297 so far today…as of 7:00 am Pacific, bullion is up $an ounce at $1,292Silver is 2 cents higher at $15.59…next key breakout point is $15.75…ETF and central bank buying are offsetting weakness in the Gold market in India where imports fell 23% in December…for all of 2018, India’s Gold imports totalled 762 tons vs. 951 tons the year prior…high domestic prices for Gold, due to a falling rupee, have deterred buyers in the world’s 2nd-largest consuming country…Copper, Nickel and Zinc are off slightly at $2.66, $5.18 and $1.12, respectively…Cobalt is steady at $19.05 after a significant drop during the 1st half of January…Crude Oil is 32 cents lower at $51.27…Saudi Energy Minister Khalid al-Falih said over the weekend that the Oil market is “on the right track” and there’s no need for an extraordinary OPEC meeting before its next planned gathering in April…despite growth concerns regarding China, the country’s Crude imports in December surged nearly 30% from a year earlier according to Reuters‘ calculations of customs data…the U.S. Dollar Index is off slightly at 95.64…the dollar downtrend in Q1 has legs with a now-declining 50-day moving average (SMA) which will also cap any rallies…key U.S. economic data this week includes Wednesday’s retail sales which have been in positive territory for 9 months in a row…wage growth is at 10-year highs, the Trump economy keeps producing terrific job numbers and consumers remain very confident, so we should see another strong month for retail sales…Palladium is up another $8 an ounce at $1,311 as the white metal overtakes the yellow metal for the first time since 2001 on increased demand from automobile manufacturers…more than 80% of world Palladium supply is used in the production of catalytic converters…

2. A blockbuster deal announced this morning in the Gold sector – Newmont Mining (NEM, NYSE) is acquiring Goldcorp (G, TSX; GG, NYSE) in a friendly all-stock transaction valued at $10 billionNewmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17% premium based on the companies’ 20-day volume weighted average share prices…the deal will combine 2 Gold industry leaders into Newmont Goldcorp, creating a highly compelling portfolio of operations, projects, exploration opportunities, reserves and people in the Gold mining sector…in addition to offering investors the largest Gold reserves per share, Newmont Goldcorp will feature the highest annual dividend among senior Gold producers…“This combination will create the world’s leading Gold business with the best assets, people, prospects and value-creation opportunities,” stated Gary Goldberg, Newmont’s CEO.  “We have a proven strategy and disciplined implementation plan to realize the full value of the combination, including an exceptional pool of talented mining professionals, stable and profitable Gold production of 6 to 7 million ounces over a decades-long time horizon, the sector’s largest Gold reserve and resource base, and a leading project and exploration pipeline.  Our cultures are well aligned, with strong commitments to zero harm, inclusion and diversity, and industry-leading environmental, social and governance performance.  We expect to generate up to $100 million in annual pre-tax synergies, with additional cost and efficiency opportunities that will be pursued through our proven Full Potential continuous improvement program.  The combination is expected to be immediately accretive to Newmont’s net asset value and cash flow per share.  We constantly review opportunities to raise our performance, and this combination represents the most promising path to deliver superior and sustainable value for our shareholders, employees, host countries and communities”…

3. Despite the flowery language, Newmont is taking over a company that has failed on many fronts, leading some to refer to Goldcorp as “Goldcorpse“…in late October, Goldcorp lost nearly a fifth of its market value in a single day after reporting falling production, rising costs and a decline in reserves…Gold grades at its flagship Cerro Negro mine in Argentina fell by more than 30% in the 3rd quarter compared with the previous quarter…production at its Musselwhite mine in Ontario and giant Pueblo Viejo operation in the Dominican Republic also fell more than expected…Goldcorp shares have also been in a long-term tailspin, hitting a new 17-year low in Q4…the transaction comes just 3 months after Barrick Gold’s (ABX, TSX; GOLD, NYSE) move to buy Randgold Resources in a $5.4 billion deal, which instantly spurred speculation that rivals would have to respond…just 2 weeks ago, Mark Bristow, Barrick’s new CEO, said the industry is heading for irrelevance unless there are major changes…Newmont is off $1.42 a share at $33.46 in early trading while Goldcorp has jumped $1.37 to $14.23 on the TSX…

4. The importance of President Trump going after China on trade is supported by numbers released today that showed that China’s trade surplus with Washington last year was the largest in more than a decade…China’s surplus with the U.S. grew 17% from a year ago to hit $323.32 billion, according to Chinese government data…it was the highest on record dating back to 2006…exports to the U.S. jumped 11.3% on-year in 2018, while imports from the U.S. to China rose a merger 0.7% over the same period…China’s overall trade surplus for 2018 was $351.76 billion…China’s General Administration of Customs said today that the biggest worry in trade this year is external uncertainty and protectionism which will likely lead to slower trade growth…December’s numbers reflect that concern…China’s overall December exports unexpectedly fell 4.4% from a year earlier, the biggest monthly drop in 2 years, while imports also unexpectedly contracted in December…they fell 7.6%, marking the biggest decline since July 2016

5. The S&P 500 is headed for its 5th straight quarter of double-digit earnings growth, according to FactSet, though the rate of growth will decelerate in the 4th quarter from the 3rd…the estimated earnings-growth rate for Q4 is 11%, down from the projected 17% in September…however, the unusually steep drop-off in earnings estimates can be attributed to Apple’s cuts…the company ranks among the 5 biggest publicly traded firms in the world, meaning changes to its earnings estimates can disproportionately affect overall estimates…excluding Apple, as well as energy firms that have trimmed estimates due to falling Oil prices, “we’re back to something that’s more or less on trend,” stated Jonathan Golub, chief U.S. equity strategist at Credit Suisse

6. The Dow has started a new week down 130 points through the first 30 minutes of trading…in Toronto, the TSX is up 15 points…First Majestic Silver (FR, TSX; AG, NYSE ) announced this morning that total production in 2018 reached 22.2 million equivalent ounces of Silver, representing a 37% increase over 2017, and at the upper end of the company’s guidance…total production consisted of 11.7 million ounces of Silver, 111,084 ounces of Gold, 16.1 million pounds of Lead and 5.7 million pounds of Zinc…the company anticipates a 28% increase in Silver production in 2019 and an 18% increase in total production compared to 2018…Q4 and full-year financial results are scheduled to be released February 25Aurora Cannabis (ACB, TSX) is up 23 cents at $8.70 in early trading after announcing that it has entered into an LOI to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corp. in an all-share transaction valued at up to approximately $175 million, including certain milestone payments…Whistler Medical Marijuana has developed one of Canada’s most iconic cannabis brands…the transaction is expected to provide Aurora with a premium and differentiated organic certified product suite, expanding both its medical and adult-use offerings, and reinforcing the company’s presence in the well-established west coast cannabis market…Chemesis International (CSI, CSE), through subsidiary Natural Ventures, has launched its beverage division in Puerto Rico…Natural Ventures, currently servicing approximately 90% of the dispensaries in Puerto Rico, is a fully integrated medical cannabis company with 100,000 sq. feet of cultivation and 35,000 sq. feet of manufacturing and extraction…the initial launch of these all-natural ingredient products will include an energy shot, a sleep shot, and a calming shot…with initial roll-out this week in select dispensaries, the company anticipates these products to be available within the next 30 days across its entire dispensary network in Puerto Rico…the Venture has gained 1 point to 603 as of 7:00 am Pacific…one of the early leaders is GGX Gold (GGX, TSX-V), up 4 pennies or 50% at 12 cents, after the company announced late Friday a near-surface intersection grading 129 g/t Au and 1,154 g/t Ag over a core length of 7.3 m (COD-1867) at its Gold Drop Property near Greenwood in southern British Columbia…the mineralized COD vein system has been traced by drilling and/or trenching for an approximately 400-m strike length and is open to the northeast, at depth and possibly to the southwest…

7. Ontario has announced the results of its much-anticipated cannabis retail lottery, naming 25 companies that are now eligible to begin applying for a licence to operate a brick-and-mortar pot shop in the province…absent from the list of 25 were any known cannabis retail brands such as The Friendly Stranger and National Access Cannabis (META, TSX-V) – the latter already operates a number of cannabis retail shops across the country…among the companies randomly selected by the Alcohol and Gaming Commission of Ontario (AGCO) were Pure Alpha Holdings, Tripsetter Inc., CGS Foods Inc., and The Niagara Herbalist…nearly 17,000 expressions of interest were included in Friday’s draw, two-thirds of which came from sole proprietorships, stacking the odds heavily against established retailers…National Access Cannabis CEO Mark Goliger has criticized the province for allowing many of Ontario’s first cannabis retail stores to be run by first-time business owners with no background in heavily regulated industries such as cannabis…while calling it “a little bit distracting and crazy” to be chasing franchising deals with individual lottery winners, Goliger said the lack of previous cannabis or retail experience among most of Ontario’s successful applicants will make it difficult to establish a competitive alternative to the illicit market…a majority of the 25 lottery winners were individuals through sole proprietorships…

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