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Gold/Mining/Energy : Copper Fox

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To: louel who wrote (10502)	1/15/2018 10:35:08 PM
From: explorationguy	Read Replies (1) of 10654

The area I follow for trading is restricted to mining resource stocks and I hesitate to recommend anything to you given the professional level of due diligence and analysis that you carry out. You obviously have a successful system to follow and cast a wide net in terms of the companies you evaluate. I'm still holding the usual suspects for uranium stocks (CCO, FCU and DML). They've all recovered to some degree in the last few months from the October lows and await some direction for the price of U, which is stuck at about $ 24/lb. FCU drilled 8.5% U3O8 over 108 m and the market shrugged. It will double if the U price establishes an uptrend. I like the GOM situation but haven't started a position. They are juggling a lot of projects and need to build their resource numbers up but have a tonne of potential. Oil stocks are recovering and will continue. The fundamentals are improving and shale oil has a very short life span. The depletion rate for a typical well is over 50%, so after one year of production you have to drill half of your existing wells just to replace production and then more wells to increase production. It's an exponential tread mill that most analysts don't appreciate. I think there's one more oil boom coming over the next 2-5 years and then the alternatives(and new technology) will take market share to start a permanent downtrend. Which brings me to another strategic metal, vanadium. Solar and wind have an energy storage problem. Lithium ion batteries are not the answer, no matter what Elon Musk says. Vanadium redox batteries can store large amounts of energy, release it quickly and take 100,000 cycle times. I've been following the market penetration of these systems and VRB, which has a significant Vanadium resource to develop. I'm still learning how to invest so I can hit the ground running when I retire.

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