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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: ralfph who wrote (311394)9/16/2025 10:50:35 AM
From: Gib Bogle1 Recommendation

Recommended By
zebadog

  Respond to of 312536
 
I had it for some time, gave up with a smallish loss.
I knew then even less about PM mining than I know now.



To: ralfph who wrote (311394)9/16/2025 10:51:29 AM
From: ogi1 Recommendation

Recommended By
ralfph

  Respond to of 312536
 
CKG , Metates project had been around for ages before Chesapeake as huge and problematic. Very refractory ore. After his big success with Francisco Randy took on Metates to groom it for production in a higher gold price world and 20 years later he and CKG are still trying to find an economic solution to mining that ore.

They are currently pursuing a new proprietary process. There was a recent problem on some land tenure, not sure what happened with that. Then of course there are all the usual concerns of getting a mine permitted etc. and any Mexican specific issues.

It has done well of late and Randy is a bright dedicated CEO. But it has been a running bet for 20 years .



To: ralfph who wrote (311394)9/16/2025 4:14:26 PM
From: LoneClone2 Recommendations

Recommended By
31Floors
ralfph

  Read Replies (1) | Respond to of 312536
 
I have learned to avoid the large low grade 'optionality' plays like ITH and CKG. They run up when there is a gold bull but then drop away again when it ends.

The problem for these plays is that high PM prices also improve the economics of higher grade plays which require much lower capex. I can't see them ever being developed until all the better deposits are exhausted.

LC