This Junior Miner Could Generate Enough Cash To Take Itself Private In 3 Years [View article]
If you look through their investor presentations, you will see that Sinaloa Graben has some amazing average grades (6.8 g/t)! One drill hole (Elia 8-285W) had 221 m length, 2.8 m width, at 1,491 g/t Silver & 15.9 g/t Gold. Pg.18 of Feb 29 presentation. I don't think these results are reflected in the stock price.
Rentech Is Waiting For An Activist Investor [View article]
This is a great article, except you left out a key detail: Icahn and his attempted takeover of CVR Energy (CVI). CVI's response has been to sell shares on UAN (it's MLP nitrogen fertilizer business) and put together a big dividend to CVI shareholders.
I would think the Icahn would look at Rentech if his bid for CVI fails. I would be interested to see how CVI compares to RTK financially.
The Rare Earths Bubble Is Coming Back [View article]
Dacha Strategic Metals (DSM.v, DCHAF.pk) is the only company I know of that actually holds the physical rare earth metals (primarily heavies terbium and dysprosium). Most of these miners are YEARS away from production of heavies. Dacha also has a huge discount to NAV.
Honestly, miners that are years away from production have so many "unknowns", I can't understand why a sane investor would touch them - except that there is a whole army of stock promoters out there talking them up! Also, if there are no actual financial metrics to measure a stock by, then it is so much easier to sell the dream.
I'm Getting Close To Selling Platinum [View article]
There are still so many short-term positive catalysts for platinum. The strike at Impala platinum results in 200k ounces fewer Pt supply. Also, Sprott has filed to create a physical platinum/palladium fund. A similar silver fund had a big positive effect on spot silver. I expect the same for platinum.
Why Silver Wheaton Could Rise 20% In 3 Months [View article]
I don't understand, now that everyone knows how great the streaming model is, how SLW continues to get these great returns. Also, the return on assets and return on equities is basically the same for SLW and PAAS, but the PE for SLW is 26, and for PAAS it is 7.
Platinum Looks More Compelling Than Silver [View article]
Assume that both gold and silver could be used as money. Products would have to be priced in both silver and gold terms. This is not a positive. It is a negative. Vendors would have to always keep an eye on the gold/silver ratio to make sure their prices were correct. Now that we have debit cards (that can be backed by physical metal), we can buy a stick of gum with a debit card and have fraction of a gram of gold subtracted from our account. This is why I don't believe silver will serve as money. It is still a great store of value, but not money.
Platinum Looks More Compelling Than Silver [View article]
I am sure that demand for silver is greater than demand for platinum. But my point is that it is more profitable to be a silver miner than a platinum miner. Silver's bigger profit margin will lead to greater silver supply (because miners like to make profits!), while platinum (with basically zero profit margin) will see supply fall off.
Platinum Looks More Compelling Than Silver [View article]
For Richmont, RIC, a company that exclusively mines gold in Canada, their 2011 cash costs were $821.
Comparing cash costs to spot price, gold is somewhere between silver and platinum - not nearly as profitable to mine as silver but still with bigger margins than platinum. But gold has the advantage, in my opinion (!!!!), of receiving a premium spot price because many people consider it to be real money, unlike the other metals which are just industrial commodities. Silver and platinum, though not money, are still excellent stores of value.
Platinum Looks More Compelling Than Silver [View article]
EXK's cash costs of $5.33 are probably low, but if you look at PAAS (one of the biggest primary silver miners) they list their 2011 cash costs at $9.44 /ounce in their BMO presentation from Feb 27, 2012.
Only Gold, Not Silver, Can Overcome Government's Fiat Decree [View article]
Thanks for the article. Silver is not needed as "small" money because in the future we will use gold-backed debit cards.
I am interested to hear your thoughts comparing silver to platinum. If you compare the spot prices to the mining costs of these 2 metals, the differences are shocking. Silver mining is very profitable, but platinum mining is a loser - meaning, the price of platinum must come up (or mining costs go down).
Why You Should Step Away From The Commodities Table [View article]
I just don't understand how the uninformed public would be choosing PTM over PPLT. PPLT is easier to understand and should be the first place for new platinum investors. PPLT has $874 mil market cap compared to PTM $43 mil. I could just as easily say that PPLT is lagging the true platinum price reflected by PTM.
Behavioral Finance Lessons From Magic Formula Investors [View article]
I still have to pinch myself everytime I see MSFT on this list. MSFT has a profit margin of 32% and ret.on.equity of 41%, $50 billion in cash and a healthy 2.5% dividend. Just go here [http://yhoo.it/xGAitq] and compare any of these companies to MSFT. Other than Dell, none have a fraction of Microsoft's financial strength.
This Junior Miner Could Generate Enough Cash To Take Itself Private In 3 Years [View article]
Rentech Is Waiting For An Activist Investor [View article]
I would think the Icahn would look at Rentech if his bid for CVI fails. I would be interested to see how CVI compares to RTK financially.
The Rare Earths Bubble Is Coming Back [View article]
Honestly, miners that are years away from production have so many "unknowns", I can't understand why a sane investor would touch them - except that there is a whole army of stock promoters out there talking them up! Also, if there are no actual financial metrics to measure a stock by, then it is so much easier to sell the dream.
I'm Getting Close To Selling Platinum [View article]
Why Silver Wheaton Could Rise 20% In 3 Months [View article]
Platinum Looks More Compelling Than Silver [View article]
Platinum Looks More Compelling Than Silver [View article]
Platinum Looks More Compelling Than Silver [View article]
Platinum Looks More Compelling Than Silver [View article]
Platinum Looks More Compelling Than Silver [View article]
Comparing cash costs to spot price, gold is somewhere between silver and platinum - not nearly as profitable to mine as silver but still with bigger margins than platinum. But gold has the advantage, in my opinion (!!!!), of receiving a premium spot price because many people consider it to be real money, unlike the other metals which are just industrial commodities. Silver and platinum, though not money, are still excellent stores of value.
Platinum Looks More Compelling Than Silver [View article]
Only Gold, Not Silver, Can Overcome Government's Fiat Decree [View article]
I am interested to hear your thoughts comparing silver to platinum. If you compare the spot prices to the mining costs of these 2 metals, the differences are shocking. Silver mining is very profitable, but platinum mining is a loser - meaning, the price of platinum must come up (or mining costs go down).
Why You Should Step Away From The Commodities Table [View article]
Behavioral Finance Lessons From Magic Formula Investors [View article]
Leveraging Gold With Canada's Smaller Companies [View article]