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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (171481)	5/12/2021 12:44:32 AM
From: sense	Read Replies (1) \| Respond to of 217764

Thanks, I did have them included in my file of "near term developers"... but had not got around to poking at them... until yesterday. Thanks for mentioning it. Easily an add to the "best of" list... Along with SBSW... maybe with NAK if they could ever win approval to mine at the Pebble Mine. I suspect that NFGFF is probably heading that way... on the strength of continuing long intercepts of very high grades near the surface. Poked at it the other day... and found posts last fall on Seeking Alpha warning people when it was at $1.50 that it was overbought... and that the long intercepts of high grade being reported couldn't continue... and since then they've gotten longer and richer... hit $8 after another huge hole last week... and almost back to $8 today after a short pause this morning... which was prime time for picking up SBSW on sale... Nova Gold should be there... but, really, they only own half the mine ? I might also include FCX on the list of majors for the Grasberg Mine... link below... but the yield sucks... and hard to avoid discounting the fact that Indonesia already took half the mine from them... and they might well take the rest of it at some point... The Pebble Mine, for comparision, as reported by Wikipedia: In 2008, Pebble was estimated to be the second-largest ore deposit of its type in the world in terms of the value of the contained metal, slightly smaller than Indonesia's Grasberg Mine, which contains more metal in a smaller amount of ore than Pebble. [18] Estimates have grown throughout the history of the project. In February 2010, a resource estimate, based on a total of 509 drillholes and at a 0.3% copper equivalent cutoff (CuEQ), reported the combined Pebble deposit mineral resources of East and West comprise: 5.94 billion tonnes of ore as "measured and indicated mineral resources" (=proven, see Mineral resource classification) grading 0.78% CuEQ, containing 55 billion pounds of copper, 67 million ounces of gold and 3.3 billion pounds of molybdenum; and 4.84 billion tonnes of ore as "inferred mineral resources" (=estimated) grading 0.53% CuEQ, containing 25.6 billion pounds of copper, 40.4 million ounces of gold and 2.3 billion pounds of molybdenum. [19] A quick look at "biggest": List of largest gold mines by production Largest Gold Companies Look at a chart for FCX... $58 down to $12 in 2008... all time high at $60 in 2010, at the point when they pulled the plug on the first (Basel II) attempt at getting all the central banks loaded up with gold... (and how many new fiats have been created since 2010?)... Only $12 just prior to and then $5.50 at the bottom in March 2020... and an almost straight ramp up from there to $44 now... Hard to believe that $44 for FCX now is still probably nearer the base of a bottom than it is a peak ? The miracle of compound interest... has an evil twin in the miracle of the incredible shrinking fiat...