March 2012
Gold mining equities and Unfulfilled Promises
March 30, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-Gold, gold and more gold. Yet again the precious metal is worth talking about. The current divergence and uncertainty emblematic of this metal is overwhelming, and at the end of the day we just don’t know where spot prices are headed. In considering the lagging demand of our biggest consumers of gold, namely China and [...]
Rare Element Resources – How Bears Lodge in the Bull
March 30, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–The most influential countries in the world are joining forces to (try to) act against the recently announced rare earth element (REE) export restrictions by China. In other words: the decade-long risk of a REE shortage has finally become (public) reality recently. Over the last months already, China stopped granting new REE exploration and [...]
Kenya’s Oil Find: Africa Oil Corp and the Tepid Promise
March 29, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-If there is a silver lining to an ever-precarious oil-supply environment, it is the revelation of yet another potential oil producer. Tullow Oil’s (TWL) exploration team recently announced their discovery of 20 meters worth of oil in the Ngamia-1 exploration well, located in the Turkana region of northwestern Kenya, after having drilled only a third [...]
Energy-Sector Investment Traps
March 29, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–By Marin Katusa, Casey Research Every salesman wants to present his product in the best light possible and the salesmen of the stock market are no exception. Public companies always highlight the positives about their projects, their financial positions, and their outlooks, and downplay negative news as much as legally possible. In the resource [...]
Junior Delivers Promising Results Near Historic Sullivan Mine
March 28, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—As one would expect during this period of instability, miners have become increasingly drawn towards the surroundings of past-producing mines. The allure of historic success and the possibility of discovering the same mineralization is, to many juniors, a safer bet than exploring fresh areas that are neither close to solid infrastructure nor well-known for riches. [...]
Up, Up & Away: Good-Buy Gold, Silver & Good-Bye Dollar
March 27, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–If taking the gold price since late 2009 into perspective, it strikes the eye that another consolidation (beneath a blue resistance after a light-green boom) started in August 2011. Such a sideways consolidation is also defined as a (blue-green/red) triangular price formation, whereas the (light-green) booms represent the final movements (out) of triangles (so-called [...]
The Pesky Details of Prospectus Disclosure
March 27, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–By Vedran Vuk, Casey Research–In the infamous case of the Goldman Sachs Abacus 2007 AC-1 fund, it doesn’t take a whole lot to figure out the wrongdoing. Paulson & Co., a multibillion-dollar hedge fund, helped select the mortgage-backed securities held by Abacus while at the same time, Paulson was planning on shorting it. This [...]
‘Fake’ Gold Detected: The Tungsten Gold Bar
March 26, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-It isn’t everyday that the word tungsten is used synonymously with gold. This week, a 1,000-gram ‘fake’ gold bar was found in the United Kingdom. Upon realizing discrepancies in the weight of the bar of gold, further tests revealed that the bar had been drilled out and filled with tungsten. In effect the bar was [...]
The Race for Renewable Energy: Chile takes center Stage
March 25, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-Throughout the past decade North America has fast expanded its rhetoric on renewable energies, lending much promise to the notion that it remains poised to become a clean tech hub in the near future. But if actions speak louder than words, our green tech allies in South America are quickly transforming the opinion that the [...]
Doug Casey: “It’s a Dead-Man-Walking Economy”
March 23, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–By Doug Casey, Casey Research In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery. [Skype rings: It's Doug Casey, calling from Cafayate, Argentina. He sounds tired, but pleased with himself.] Doug: Lobo, get out your mower; it’s time to cut down some green shoots [...]
Endeavour Silver Corp: Patience and Profits
March 22, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-Silver is a volatile metal; it isn’t a secret and there isn’t much that can be done about it. But then again, some at Vancouver based Endeavour Silver Corp. (TSX: EDR)(NYSE: EXK)(FRANKFURT: EJD) would beg to differ. Endeavour Silver has just announced record earnings for the first quarter of 2012 that are as much a [...]
Providence Announces Filing of NI 43-101 Report on Iron Range Project
March 22, 2012 by prospectingjournal · Leave a Comment
NEWS–Vancouver, B.C., March 22, 2012: Providence Resources Corp. (TSX-V: PV) (“Providence” or the “Company”) is pleased to announce that it has filed an independent National Instrument 43-101-compliant technical report on its Iron Range Project. The technical report entitled “Technical Report on the Iron Range Precious and Base Metal Property, Southeast British Columbia” dated March 15, [...]
Endeavour Mining Corp. on the Way Up with 3 Mines and 3 Triangles
March 22, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Rockstone Research–On Tuesday, Chris Devauld from the Prospecting Journal wrote a readworthy article („Goals Met, New Targets Set: Endeavour Mining Earns an A+ For 2011 Results“) on Endeavour Mining Corp. (TSX: EDV; market cap.: $563 million). In the article, it was noted that the 2 West-African mines, Youga and Nzema, produced around 177,000 oz [...]
Calfrac, Ensign and Energy Services: Investor Uncertainty
March 21, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-It is hard to neglect the fact that the North American energy industry is going through a tremendous makeover. 2012 is proving one of the most transformational years for players left, right and center. And where there is a gas boom there is a dire need for more capital, and some investors are inevitably showing [...]
The Ascendence of Sociopaths in US Governance
March 21, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–By Doug Casey, Casey Research An International Man lives and does business wherever he finds conditions most advantageous, regardless of arbitrary borders. He’s diversified globally, with passports from multiple countries, assets in several jurisdictions and his residence in yet another. He doesn’t depend absolutely on any country and regards all of them as competitors [...]
Providence/Eagle Plains Expand Potential of the Talon Zone
March 21, 2012 by prospectingjournal · Leave a Comment
NEWS–Vancouver, B.C., March 21, 2012: Providence Resources Corp. (TSX-V: PV) (“Providence” or the “Company”) and Eagle Plains Resources Ltd. (TSX-V:EPL) (“Eagle Plains”) are pleased to announce results from a surface Induced Polarization (“IP”) geophysical survey carried out over the Talon Zone (Iron Range JV project) located near Creston British Columbia (see Fig. 1). Scott Geophysics [...]
Iran Says “Gold Is Money”
March 20, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Louis James, Casey Research Economic crises signal that the current system isn’t working as expected and needs improvement. When it comes to monetary systems, questioning their fundamentals can lead to doubts about whether the preferred medium of exchange will continue to be preferred for long. The large-scale whirlwind of economic trouble around the globe [...]
Goals Met, New Targets Set: Endeavour Mining Earns an A+ For 2011 Results
March 20, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—For West African gold producer Endeavour Mining [EDV – TSX], 2011 was significant. The year-end witnessed the “Merger of Equals” with Australia’s Adamus Resources Ltd and shortly after, Endeavour reported meeting 2011 gold production targets. With 2012 underway, projections for the price of gold place Endeavour in the spotlight, as has the Company’s latest press [...]
QMC Quantum Submits Permit Applications for Trenching and Diamond Core Drilling, Mugaha Gold Property, MacKenzie, British Columbia
March 19, 2012 by prospectingjournal · Leave a Comment
NEWS– Further to the press release dated February 23, 2012, QMC Quantum Minerals Corp. (TSXV: QMC) (Frankfurt: 3LQ) (“QMC” or the “Company”) is pleased to announce that the company filed permit applications to the British Columbia Ministry of Energy and Mines for systematic trenching, sampling and diamond drilling program on the Mugaha Gold Property (the [...]
The Market for Natural Resources
March 19, 2012 by prospectingjournal · Leave a Comment
GUEST VIDEO–Ian Laurent, CEO of Finore Mining, told CNBC, “our aim is to find precious metals, we are geologists first and foremost, we are a technical company, we have expertise in exploration, this is a fantastic opportunity to develop a project that is a large tonnage potentially long life mine.” To view the video [...]
Indonesia Mining Law: Setting a Dangerous Precedent
March 18, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-When it comes to mining Indonesia is a massive player. The country is characterized by its massive exports of coal, tin, gold and copper. Abundant resources and favorable government policies have historically marked it as an attractive destination for foreign investments. But Indonesia has just jeopardized this image, and may have drastically altered the outlooks [...]
The Upside to a Natural Gas Downturn
March 16, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Marin Katusa, Casey Research The energy market is a complex beast, its many parts interconnected through a multitude of linkages. When one part fails, the entire system reacts: certain linkages are burdened with extra stress, while other components sit idle. Only by studying the entire machine can one understand the rippling effects that stem [...]
China Bullies Rare Earth Materials: The Case for Exploration
March 15, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-It seems that the world’s largest economies are finally clamping their feet down on China, who again stands accused of bullying global trade markets. A formal complaint has been launched to the World Trade Organization in the wake of China’s prolonged attempts at manipulating the export of rare earth materials, to the point where global [...]
The Restart of the Bull Market in Resource Stocks
March 14, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Rockstone Research–In September 2009, the gold price managed to overcome the $1,000 barrier and rose to $1,900 only 2 years later. Thereafter, the price consolidated beneath the violet triangle-leg, whereas a so-called „breakout“ occurred in early 2012 when the price rose above the violet resistance at approx. $1,700. Recently, a so-called „classical pullback“ started [...]
Endeavour Mining Reports 2011 Financial Results and Demonstrates Significant Growth
March 13, 2012 by prospectingjournal · Leave a Comment
NEWS–MONACO – Endeavour Mining Corporation (“Endeavour” or the “Corporation”) (TSX:EDV, ASX:EVR) today announced its financial and operational results for the fourth quarter and year ended December 31, 2011. On December 5, 2011 the merger between Endeavour and Adamus Resources Limited (“Adamus”), which owns 90% of the Nzema Gold Mine in Ghana, became effective. Adamus’ results [...]
The Gray Hairs and the Slick Hairs
March 13, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Marin Katusa, Casey Research Many of Casey Research’s editors and analysts spent last week in Toronto at the annual Prospectors and Developers Association of Canada (PDAC) convention. PDAC is one of the biggest resource conventions in the world – this year more than 30,000 people attended the show. A convention of that size attracts [...]
GTA Resources and Mining Inc. Announces Re-Commencement of Drilling on Northshore and Closing of Private Placement.
March 13, 2012 by prospectingjournal · Leave a Comment
NEWS–GTA Resources and Mining Inc. (“GTA”; TSXV: GTA) is pleased to provide an operational update on its exploration activities at its Northshore Property and on its corporate finance activities. Northshore Property, east of Thunder Bay, Ontario GTA completed a 1,035 metre drilling program in the fall of 2011 and encountered significant gold mineralization in each of the [...]
Sell- & Buy-Signals for Brazil Resources Inc.
March 13, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY––Rockstone Research– Since the IPO in May 2011, the stock of Brazil Resources Inc. (TSX-Symbol: BRI; market cap.: $55 million) moved sideways within the green trend-channel. A strong buy-signal is generated when rising and holding above the uppermost (green) trend-channel at $1.45 as a new and longer-termed upward-trend is typical thereafter – especially when [...]
Chevron and the risks of Natural Gas: To Shale or not to shale?
March 12, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-Ever since the discovery of a breakthrough 21st century technology, the North American shale oil boom has been in full swing. Known as hydraulic fracturing, engineers have derived a technique that involves pumping water, chemicals and other additives down a well at an extremely high pressure, with the aim of breaking into deep rock and [...]
The Viterra Takeover: Grain gains on multiple fronts
March 12, 2012 by prospectingjournal · Leave a Comment
COMMENTARY-ProspectingJournal.com-Stocks are up and the weather has been kind. Global agribusiness producer Viterra Inc. VT-T has been making the headlines this week amid speculation of received takeover bids. And the ball is in their park, with a number of suitors displaying a keen interest and providing Viterra with options. Glencore International Plc (GLEN) leads the [...]
