FCM Portfolio Overview, Part I.
We have been buying Barrick aggressively. It now represents 6% of the precious metals fund. The company’s $1B share buyback program, 2.4% yield, multi-$B debt reduction, robust capital…
Tag: Copper
$SRAFF : Black Butte Copper Project — Near Resource Drilling Assay Results Pending
Exploration drilling program completed to identify additional Mineral Resources in close proximity to planned infrastructure, with assay results expected in May 2021. Legal Challenge A legal challenge to…
Business Update
Fahy Capital Management Performance & Activities Net of expenses, the absolute return of our flagship fund is 42% (14% annualized rate of return). Our debt-to-capital ratio stands at…
$SRAFF : SANDFIRE RESOURCES AMERICA — Major Emerging Deep Value Copper Opportunity
SANDFIRE RESOURCES AMERICA (OTCQB: SRAFF) BLACK BUTTE COPPER PROJECT, WHITE SULPHUR SPRINGS, MONTANA PROJECT BLACK BUTTE COPPER PROJECT (COMBINED JOHNNY LEE UPPER AND LOWER ZONES) FINAL MINE OPERATING…
$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…
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…
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%…
$TGB : Copper, 2020
See our Ginger Group Forecasts of 27 November for more thoughts on Copper, but here are the updated levels we are watching for 2020. Final numbers will be…
$MUX : Los Azules Low Level Analysis
Long-Term Price Case $4/lb. Cu, $1,700/oz. Au, $24/oz. Ag Project Los Azules Ownership 100% Estimated Indicated Resources 11,256,700,000 CuEq lbs. Average Annual Production 276.9M lbs. Recovery 91% Payable…
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