iPath Global Carbon ETN Message Board

EXACTLY !!!

NovaFraud is a pig.

Any REAL GOLD MINER is better than this fantasy stock NovaFraud.....!!!

MUX is a good one. Good leadership. McEwen is smart and agressive.

MUX - Strong Buy

NovaPig - Shoot in head, and then roast.

Sentiment: Strong Sell

Did your chart tell you that.......???

Novagold is a loser.

Buy a REAL GOLD MINER.............

Sentiment: Strong Sell

Jim Grant is respected, but is incorrect on Novagold.

Novagold is a loser.

Virtually anything in the gold mining sector offers better hope than this broken concept boilerroom stock.

Sentiment: Strong Sell

Nobody whose bought and held NovaScam..........has any profits. No one.

Something to think about you chump.

Sentiment: Strong Sell

Gold may recover, but Novagold is going down.

Barrick in no position to build this Donlin mine, nor do they want too.

And without Barrick, neither can Novagold.

When will you Novagold suckers see this.....???

Sentiment: Strong Sell

Well put.

Sentiment: Strong Buy

Good. May FCX feel the boot on their neck. Anything that hurts TC's competition is good for TC. Mining is a zero sum game.

Sentiment: Strong Buy

Moly usage is still going up annually. So in time, that will support the price. Also, I've been reviewing a lot of 2012 USGS data lately on moly that I got my hands on, and about 60+% of worldwide supply is from primary moly miners. China moly production is almost exclusively from mines that started off mining moly (and then transitioned to tungsten), whereas Chilean and Peruvian mines are almost exclusively copper mines, where moly is a by-product. The mix is about 45%/55% primary vs. copper-moly by product here in the US. Between China, US, Chile, and Peru, over 91% of the supply is found, with China at 42% of worldwide production, US at 25% production, Chile at 16% production, and Peru at about 8%. Since moly by-product production from copper operations isn't really price dependent on moly prices (but rather copper prices), prices of moly cannot fall much further, otherwise Chinese will be in deep dodo. Most of them have costs of around $9-11 US per lb. [the lower of that range being polymetalic moly-tungsten miners].

Most of the growth in moly supply since 2008 has come from Chinese production. Chile and Peru are actually flat, and US production went up 10% in that span.

So, with low prices, the Chinese miners will hold off new development as there was a rash of it since 2006 [gov't assisted] as the country doubled it's production in that time, and almost all their moly goes into their domestic market. Longer-term, this is probably a plus.

With KUC-BC going down essentially, that will take some supply out of North America. TC can use that, and will likely benefit for it.

Stillwater...?

Have not owned their shares since around 2004. They got creamed in early 2000's, and I bought some shares, sold them I think in 2004, made some money never invested much in first place.
I hear the Russians pulled up stakes. That's probably a good thing. Not sure where they are headed, but PMG prices will probably hold up with noise in South Africa.

Gotta go.

Later

Sentiment: Strong Buy

Gold is cheap. The World Gold Council's efforts to "improve" the gold mining industries reporting of "actual" costs is backfiring, at the same time the COMEX traders are having fun shorting gold. Has investors unnerved about the question of exactly how profitable most gold miners really are. But all things come to pass....

Put yourself into the shoes of your average gold mining company CEO: What do you do?

Answer: slash costs, and trim capital expenditures on new projects, squeezing more efficiency and production out of existing operations.

You will see the industry more in this direction very quickly (it's already happening and will continue).

Eventually, the gold miners will put up better numbers.

This will slash these inflated "all-in" cost per ounce numbers at the better miners, and the weaker sisters get put on care and maintenance.

Eventually, supply is effected, and the price goes up. But the interesting dynamic going on in the PM market today is demand goes up as prices fall. This is usually true for life's staples (groceries, for instance....) but not so for investment products.

At the end of the day, most western world fiat paper is doomed as it's supply growth exceeds that of the PM complex. So gold will ultimately prevail, but it will be a bumpy ride getting there.

Sentiment: Strong Buy

Too much jurisdictional risk with this one.....stick to GG if you like miners.

You're reaching, Ray.

Barrick won't be in any mood for new major mine development for a decade.

And they know slowplaying Donlin will negatively impact Novagold.

If Novagold had operating mines, cashflow, revenues, they could wait Barrick out. But they don't and can't.

That's the real story here.

Mine permit applications will likely fare better post-Obama anyhow, as the various units of gov't have been instructed to resist, obstruct, and coerce those state-related parties involved in the process. Witness the unprecedented meddling by the EPA in Pebbles permit application process. Their openly running anti-mining propaganda to kill the mine. Who does that but those beholdened to big money environmentalist political contributions? Same nonsense is going on in the coal industry too.

Barrick isn't oblivious to this, you know.

Good luck nonetheless.

Sentiment: Strong Sell

Ok, I'll give you some 'style' points for the "no impact on PVG's revenue" bit, but certainly effects the perception of value. Remember, a high(er) price of gold will help them from a cash persepctive since their doing some bulk samplings, but technically that won't be considered 'revenue', merely a reduction of project capex [that's how such cash proceeds would be accounted for]. Hence, you get some 'style' points.

There are lots of opportunities in the gold-mining/exploration sector right now. It's like Dec 2008 all over again. Lots of stocks are really bombed out, so I guess with the juniors, it's picking those that will either crawl over the finish line [get their mine(s) built], or get acquired.

Gotta go. Good luck.

Abe,

Shame on you. PVG's core asset is a gold-development property. A lower price reduces revenue to gold miners, and lowers the value of gold-development projects in similar vein (no pun intended). We [since I too am a believer in the merits of gold - but not long PVG yet], need to get rid of the paper shorters of gold on the COMEX. That's what's killing gold prices. But at some point, physical buying will resume with earnest.

Absolutely not. The two are separate, distinct securites.

But at prices somewhere north of $5.45 a share plus cummulative dividends, your limiting your upside over the longer haul if you convert to the tMeds vs. holding the common. Do be aware of that.

Sentiment: Strong Buy

They put up good numbers in Q2, which I believe they will [estimates are really low for Q2 and Q3 - see my post on it], and this is everyone's favorite girl at the dance.

I've read enough stupid analysts "research" reports to see this one gets little visibility in a currently out-of-favor sector, and that rookie (read: junior) analysts are usually writing the reports.

So TC will earn its love soon enough....

Sentiment: Strong Buy