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Derrick Lilly

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  • McEwen Mining: Best Performing Stock Of Any Junior Producer [View article]
    They turned a profit in Q3 of $0.01/share and would have earned $0.03/share in Q4 if not for a $0.06/share write-down on exploration property in Nevada, which I believe will be a one-time charge. Keep in mind that they were able to turn a profit selling their metals at realized prices of $1,200/oz gold and $19.45/oz silver. Since spot prices have remained mostly over that in early 2014, I speculate that they will be reporting better profits for Q1'14.
    Apr 18 02:48 PM | Likes Like |Link to Comment
  • McEwen Mining: Best Performing Stock Of Any Junior Producer [View article]
    The new tax is a tax on profits alone, so it doesn't have as large of an impact as many believe it to. Also, based on their all-in sustaining costs, MUX is profitable at current metals levels, even if only marginally. However, all-in costs will fall this year because the grade of the ore being mined is getting better and their expansion of capacity will aid as well. I'm not sure what you're going on about Argentina for. They aren't building a new mine in Argentina that will be subject to capital controls, and they've been able to repatriate cash back to Canada. If you haven't read the official 2013 results and Q1 14 results or watched the recent videos of Ian and Rob discussing the results and future plans, you should really do that.
    Apr 18 02:37 PM | Likes Like |Link to Comment
  • Western Pacific: Why Is This Savvy Billionaire Investing In A Tiny $7 MM Company? [View article]
    Lots of exploration and development throughout 2014 is planned. 2015 is the year production could begin. The release of a fully updated resource estimate should be a major catalyst by the end of the year. See their corporate presentation: http://bit.ly/PSvgjP
    Apr 9 03:45 PM | Likes Like |Link to Comment
  • Western Pacific: Why Is This Savvy Billionaire Investing In A Tiny $7 MM Company? [View article]
    Nice write-up. I've been slowly buying shares as I think this is going to be an exciting company to watch grow. It's good to see some coverage on it. Oddly, I just asked Western's IR team when we could expect some news from the company since it has been a while:

    "We are in the process of upgrading the electrical at the mine- once this is complete and we have our safety equipment and training in place for MSHA, as well as the mine development contractor mobilized, we can certainly put out an update to market.

    Our Geos are preparing for survey, mapping and sampling program as well, and we hope to be drilling in the summer post excavation of the drill stations.

    The fall and winter should be a good time for us in terms of regular news flow with sampling, drill results and the start of metallurgical work and resource estimation. We will put out regular updates when we have them as well, but things should really pick up in the second half of the year for us. We should move quickly through this stage at the mine and be into the exciting stuff in a short time frame."
    Apr 9 10:57 AM | Likes Like |Link to Comment
  • Elite Mid-Tier Gold Miner Set For Big Growth [View article]
    You have to look for the miners with good property, management and capital, or easy access to capital. I like McEwen Mining, Marlin Gold, True Gold, Klondex Mines, Gran Colombia, Rubicon, Western Pacific Resources, US Silver & Gold, B2Gold, Teranga Gold, Westmountain Gold, plus many more on my watch list. All have promising properties in development or producing. Do your own due diligence to find the ones that fit your risk tolerance and goals. GoldSilverData.com offers a ton of free company profiles that could help you out as well (I don't pay for the full access and still find it very informative). Valuations are all over the place for miners, but Gran Colombia and True Gold look extremely cheap based on their reserves. McEwen, Klondex, Westmountain and Gran Colombia all have decent amounts of inside ownership as well.
    Apr 2 12:52 PM | Likes Like |Link to Comment
  • Elite Mid-Tier Gold Miner Set For Big Growth [View article]
    What a ridiculous comment to make. Do some homework on B2G before sharing your comments on here.
    Apr 2 10:38 AM | 1 Like Like |Link to Comment
  • McEwen Mining -12%, says holding back production on second Mexico mine [View news story]
    He doesn't listen, because if he did, he would realize that the Nevada drill hole that came up a dud was a JV exploration project entirely separate from their Nevada Gold Bar project that will go into production in the future.
    Mar 24 11:58 AM | Likes Like |Link to Comment
  • McEwen Mining -12%, says holding back production on second Mexico mine [View news story]
    El Gallo 2 needs to achieve an IRR of 24% or higher for it to really be worthwhile to them; that's why they are waiting for higher silver prices. At current prices, IRR would hardly break into double digits.
    Mar 19 10:53 AM | Likes Like |Link to Comment
  • Marlin Gold: Gone Fishing For Gold Streams [View article]
    GoldSilverData.com initiates coverage of Marlin Gold. http://bit.ly/1l3Gejy
    Mar 19 10:47 AM | Likes Like |Link to Comment
  • McEwen Mining -12%, says holding back production on second Mexico mine [View news story]
    Strange, I thought investors would applaud some fiscal responsibility in the mining space.
    Mar 17 04:56 PM | 1 Like Like |Link to Comment
  • Marlin Gold: Gone Fishing For Gold Streams [View article]
    I suppose if you assume there will be no other deals secured and no resource growth across the two assets announced and a long-term decline in metals prices, then you have a very valid point. You're absolutely right that they won't rapidly achieve the multiples of matured streamers/royalty companies with only these two assets, but it's questionable to think that they never could and would launch this subsidiary without a well thought plan to grow it. Additionally, by officially bringing in the Sonoran Resources team, Marlin/Sailfish has a unique advantage in that they have exceptional engineering, financial and operational expertise all working together in identifying, financing and building assets. In regards to GRR, for ~$18M they are getting 20% of the company, will receive 8% interest on their $15M "loan" until commercial production begins, secured the gold stream, have taken over the direction of building out the mine, and gained two important board seats. I may be totally off base, but this is much more involved than a typical streaming/bought deal, and that's why I think it is such an interesting acquisition to kick things off with. I don't think they would have entered into such an agreement if the resources at GRR weren't anticipated to grow exponentially. I'll certainly share any developments that I learn of.
    Mar 5 10:27 AM | Likes Like |Link to Comment
  • Marlin Gold: Gone Fishing For Gold Streams [View article]
    If you can trade on the TSX-V, the volume is better there, but I'm hopeful that these recent developments will catch the eyes of other analysts and mining media outlets who will then pick up coverage on the stock. Marlin is clearly executing a much different strategy than their peers, so the coverage should follow. I like reading the interviews on TheAuReport.com, not sure who plans those, but it would be interesting to see one done with Marlin execs.
    Mar 4 03:32 PM | Likes Like |Link to Comment
  • McEwen Mining And Marlin Gold: Speculative Plays On Gold-Rich Mexico [View article]
    Success. Follow-up article here: http://seekingalpha.co...
    Mar 4 01:06 PM | Likes Like |Link to Comment
  • Calling All Gold Stocks [View instapost]
    MLNGF - http://seekingalpha.co...
    Mar 3 11:32 PM | 1 Like Like |Link to Comment
  • McEwen Mining And Marlin Gold: Speculative Plays On Gold-Rich Mexico [View article]
    I'm trying to get a follow-up article published, but the SA editors are giving me a hard time. Marlin is run by top-notch talent, it's going to be interesting to watch them grow. First gold pour at the La Trinidad mine also took place the other day...
    Mar 3 05:04 PM | Likes Like |Link to Comment
COMMENTS STATS
188 Comments
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