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: Mining
Q3 Update I
We added Newmont Mining, which sports a 1% edge and a 5% yield, on 8/24. We added Lucara Diamond Corp. on 8/24 on the back of its ongoing…
6 December Buying Opportunities and Some Market Commentary
SYMBOL EDGE (%) SMALL TRADER NET (%) FUND NET (%) COMMERCIAL NET (%) STANDARDIZED ODDS BTG 2 36 -39 -60 1.02 CDE 4 45 -29 -21 1.06 DYLLF…
$HL — Hecla Edge Best Since May 2019
Current Edge = 7% Current (2021) Odds LEVEL PRICE ODDS DECIMAL MONEYLINE IMPLIED PROBABILITY R6 31.43 31/4 8.75 +775 11% R5 11.48 4/1 5.00 +400 20% R4 9.18…
$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…
$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…
$AUNFF : Aurcana Acquires Blue Grass Mining Claim, Extends Virginious High Grade Vein by 7500 Feet
This is an exciting development for one of our favorite fully-permitted, production-ready primary silver miners. The acquired claim provides Aurcana with access to an additional 7500 feet of…
$BKIRF : Black Iron Inc. — Independent Economic Analysis
Long-Term Price Case $97.19/dmt Flagship Project Shymanivske Ownership 100% Shares Outstanding 235,360,000 Market Cap $11,178,000 Average Annual Production 7,065,000 dmt Recovery 98% Payable Product 141.3M dmt LoM 20…
$PZG : Paramount Gold Nevada — Independent Economic Analysis
Long-Term Price Case $2,000/oz. Au Flagship Project Grassy Mountain Mineral Resources 367,916 AuEq ozs. Shares Outstanding 32,960,000 Market Cap 42,848,000 Recoveries Au/Ag 92.8%/73.5% Average Annual Production 45,989 AuEq…
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