The Night Season: Boosting Cash Reserves
For the second time in 9 months, we have boosted cash reserves — this time above 18% — which FCM does only in special circumstances. We achieved the…
Category: Business
$NXE : NexGen Energy Exit
We exited NexGen Energy at an average price of U.S. $1.75. Why did we exit? The Uranium Cycle Death event in March enabled us to accumulate an imprudent…
$HBM : Hudbay Minerals Exit
We exited Hudbay at an average price of $5.11 with a return of 83% on our initial investment. We attained 97% of the expected profit as determined by…
You aren’t betting horses…
Just like at the track, when betting stocks by buying shares, you are betting against everyone else. But that’s where the similarity with horse betting ends. The payouts…
$STPGF : Steppe Gold — Excellent To-Date Drilling Results
A new, very high-grade base metal zone has been discovered underneath the ATO1 Deposit which is now subject to additional drilling in the 2020 drilling program. ATO-364 6.48m at…
$DYLLF : John Borshoff Interview with Kerry Stevenson of Small Caps
Deep Yellow represents 6% of the NuChemICF, as it is a company in which we have a great deal of faith. In absolute terms, our stake in Deep…
2020 Copper Odds
In what remains of 2020, copper has 8/9 odds (implied probability of 53%) of reaching $3.05/lb; 9/4 odds (implied probability of 31%) of reaching $3.27/lb; 11/2 odds (implied…
$PZG : Paramount Gold Nevada — What’s Next?
Paramount Gold Nevada has 12/1 odds, or an implied probability of 7.69%, of rising to $1.55 in 2020. If price remains firm through year-end, conditional odds of rising…
$HBM : Hudbay Minerals — 2020 Implied Probabilities
LEVEL PRICE IMPLIED PROBABILITY R3 5.29 64.29% R4 6.57 14.29% R5 8.64 Nil R6 10.87 Nil
NuChemICF : Current Discounts (Updated, 9/16)
NAME DISCOUNT WEIGHTING FIRST MAJESTIC SILVER 60% 5% ARGONAUT GOLD 50% 4% AURCANA CORPORATION 38% 6% YAMANA GOLD 62% 3% BEAR CREEK MINING 58% 3% COEUR MINING 67%…
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