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james.

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  • Barrick Gold Has Room For Improvement [View article]
    Today's article on ABX by "Market Realist" erroneously omits in its listing of NEM Pipeline Projects a prolific NEM Gold Mine in Nevada named Long Canyon Gold Mine, now in Phase I Development, that is expected to produce starting in 2015 approximately 200,000 ounces of Gold per year at a low AISC of approximately $600 per ounce !

    This slighting of NEM cannot be accepted, and so I mention it here. NEM has a growing EPS of $1.16 for the trailing 4 Quarters which is an increase from $1.02 due to its excellent Q1 2015 EPS of $0.35 which is its 5th consecutive Quarter of "beat" vs the Reuters EPS Estimate of $0.21 ; Revenues for Q1 2015 of $2 Billion were also a "beat". During the recent 2 years, under the excellent leadership of new and brilliant CEO Gary Goldberg, NEM has sold $1.8 Billion of non-Core assets, including the sale of its Canadian Oil Sands when Crude Oil was at its top of $110 per barrel; therefore, NEM now has excellent $6 billion of liquidity, of which $2.6 Billion is Cash and did generate $344 Million of Free Cash Flow during Q1 2015 . This NEM liquidity allows it to easily finance new projects, such as the prolific Merian Gold Mine in Suriname, pay down early some of a loan due in 2019, and also make an opportunistic offer to purchase prolific Gold Mines from companies such as ABX who are in desperate need of Cash due to its poor Q1 2015 EPS and also a large impairment loss. May 11, 2015 at 3:50 a.m. PDT.
    May 11, 2015. 07:04 AM | Likes Like |Link to Comment
  • Avoid Barrick Gold [View article]
    Today's article on ABX by "Market Realist" erroneously omits in its listing of NEM Pipeline Projects a prolific NEM Gold Mine in Nevada named Long Canyon Gold Mine, now in Phase I Development, that is expected to produce starting in 2015 approximately 200,000 ounces of Gold per year at a low AISC of approximately $600 per ounce !

    This slighting of NEM cannot be accepted, and so I mention it here. NEM has a growing EPS of $1.16 for the trailing 4 Quarters which is an increase from $1.02 due to its excellent Q1 2015 EPS of $0.35 which is its 5th consecutive Quarter of "beat" vs the Reuters EPS Estimate of $0.21 ; Revenues for Q1 2015 of $2 Billion were also a "beat". During the recent 2 years, under the excellent leadership of new and brilliant CEO Gary Goldberg, NEM has sold $1.8 Billion of non-Core assets, including the sale of its Canadian Oil Sands when Crude Oil was at its top of $110 per barrel; therefore, NEM now has excellent $6 billion of liquidity, of which $2.6 Billion is Cash and did generate $344 Million of Free Cash Flow during Q1 2015 . This NEM liquidity allows it to easily finance new projects, such as the prolific Merian Gold Mine in Suriname, pay down early some of a loan due in 2019, and also make an opportunistic offer to purchase prolific Gold Mines from companies such as ABX who are in desperate need of Cash due to its poor Q1 2015 EPS showing a large loss. May 11, 2015 at 3:47 a.m. PDT.
    May 11, 2015. 07:02 AM | Likes Like |Link to Comment
  • Barrick Gold: A Contrarian Point Of View [View article]
    Gold price, GCM5, is now at $1183.50 per ounce which is a gain of $9 so far today, and Silver simultaneously rose $0.23; $5 of this $9 gain in GCM5 occurred sharply at 9 pm EDT simultaneously with a release of the latest monthly PMI data for China which was below the expected number, and both numbers are a contraction which thus raises strong Expectations of further stimulus by the Central China Bank in the immediate future over and above what has already been accomplished during the recent 4 months ; those PMI results and comments by experts are contained in the followed quote :

    "The final reading was lower than HSBC's preliminary April PMI of 49.2 announced April 23. The preliminary figure is based on 85% to 90% of responses to its PMI survey.

    The lower April reading calls for further stimulus measures by the government to prevent economic growth from slipping further, Mr. Qu said. " ! May 3, 2015 at 11:13 pm PDT.
    May 4, 2015. 02:17 AM | Likes Like |Link to Comment
  • Lackluster Negotiations For Barrick Gold And Newmont Mining, Buffett Would Agree [View article]
    On Tuesday April 22, 2014 ABX did sweeten its deal offer to NEM, but NEM refused to reply, as it is obvious that ABX wants to get their hands on the $3B Credit Line recently announced by the new CFO of NEM, very proudly thanking the Banks' continued confidence in the bright future of NEM. The old cagey Munk will step down this week as CEO of ABX, and at age 86 he knows every trick in the book, as this time he borrows a page out of the "Best 101 Poems" titled "The Spider and the Fly" ! 4-24-14 at 8:57 a.m. PDT.
    Apr 24, 2014. 11:57 AM | Likes Like |Link to Comment
  • Lackluster Negotiations For Barrick Gold And Newmont Mining, Buffett Would Agree [View article]
    Contrary to the erroneous conclusion in the above article on NEM, the P&F Chart for NEM has a Price Objective of $38 per share, using widely available Software and my selection of a 2.4% Box Size. Additionally, GLD has a Price Objective of 169 on its P&F Chart using my selection of 1.2% for Box Size. When GLD = 169 then Gold price = $1760 per oz ; these Price Objectives will likely be reached circa June 2014 . Today, XAU was UP about 1.8% , led up by NEM which was UP $0.88 to close at $25.92 per share; moreover, NEM has a very bullish Chart Pattern of an "Island Bottom Reversal" created during the recent 2 weeks of trading, thus portending continued advances after the 1st Leg Up to circa $38 has a normal Bull-Market Correction !
    Gold price is now rising up on its 3rd Leg Super Cycle, having completed a normal 50% correction to its huge 2nd Leg-UP Super Cycle in Dec 2013 at its Double-Bottom of $1186 per oz. Right now, Gold price is completing its Right Shoulder of a very bullish REVERSE HEAD & SHOULDER PATTERN WITH NECKLINE AT $1410, and after sawing off this neckline, a Price Objective of $1630 will then appear. This Look to it ! 4-23-14 at 1:24 pm PDT.
    Apr 23, 2014. 04:32 PM | 2 Likes Like |Link to Comment
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