Tuesday, November 1, 2011

Good riddance October

The world continued to wobble through another October and almost daily news of one or more grossly indebted nations threatening to go taters up with unbridled and unrestrained gusto ... destabilizing the entire globe's financial markets in the process.

One has REALLY got to wonder what will happen on that seemingly inevitable day when one of these deadbeats actually fails to dance to the correct IMF tune ... or for that matter when that ultimate debtor, the US, is forced to pay principle on that massively growing debt instead of borrowing more.
Leading the bad news bear parade lately is Greece, who had the unbelievable and unmitigated cajones to announce a general referendum on their bailout.

That stroke of abject political stupidity has been mercifully axed but the very major problems remain.

Some recognizable names off this list have been in the news lately and it absolutely appears there are more than enough storm clouds on the horizon to insure a continued string of bad news.

Visit USADebtClock.com to learn more!

And yes indeed the news of this planet now supporting a whopping and rapidly growing 7 billion souls has been met with some concern in some circles ... most notably from developing nations whose citizens best not be expecting two cars in the driveway and a white picket fence.

It has taken 11 years for the latest incremental billion. There will be 135 million people born and only 57 million people will die, thus giving our planet another 78 million people to support this year.

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Wednesday, October 12, 2011

Spotlight on Argentina

There are somewhere around 170 public mining companies active in Argentina of which we have been following a handful.

We are predisposed to love Marifil Mines Inc. as they are a display advertiser. This scribe considers it an extreme privilege to tell the Marifil story. Very little due diligence is required before one realizes why Marifil Mines Inc. is a cut far above the Venture ordinary.

(Click to enlarge)

The company expects 2011 cash flow from JV agreements to be $860,000. That cash flow goes a long way in meeting operational overhead.

The clear benefit to stakeholders is reflected in a fully diluted O/S of 63,100,000 giving a newly beat down market capitalization around $13 million.


With no need for icky dilution, a steady cash flow assured, AND JV partners picking up most of the bills, the company has been able to advance a number of various projects at once.

The most notable is the San Roque project, a Gold, Silver, Indium, Zinc resource.
Recent significant cores included 143 m of 0.74 g/t Gold, 27.2 g/t Silver,
0.37% Lead, 0.55% Zinc and 11.7 m of 174 g/t indium.

NovaGold Resources may earn up to 49% interest subject to a $3m work program and $100k over each of the next two years.
On October 11, 2010 the Company released NEWS


Marifil Mines Ltd. has applied for two additional lithium cateos (mining claims) in Catamarca province, Argentina.

The new cateos cover an area of 11,848 hectares. The Catamarca lithium project now includes nine cateos totalling 23,661 hectares.

Anomalous amounts of lithium, boron and potash were found on the company's Antofalla II and Cachari Pampa claims.


Readers should exercise extreme caution when tormenting wild animals in their natural habitat. We have recent footage showing this disturbing animal cruelty against Bambi.

Huzza for antelope timing and score one for the environment. Good thing for bicycle boy South African antelopes aren't carnivores ... just REALLY annoyed and bullies.

Penny Stock Journal

Friday, October 7, 2011

Mine Development for everybody


We present our brand of that nifty chart that shows share price progression as a public company moves from grass-roots exploration to production.

As widely accepted as this chart is lets just say no two 3-legged mules are ever exactly the same.
Silver Me this ...
:::Resource Investing is reporting choppy silver waters ahead.

"Going forward many analysts are mixed on the future direction of silver prices. After a major correction, the $28.16 per ounce spot price reached on September 26 may mark the key psychological support level.

“Silver bulls’ next upside price objective is producing a close above strong technical resistance at last week’s high of $33.585 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at the September low of $26.15,” stated Jim Wycoff, for Kitco."
We have been following a number of juniors in the silver sphere, one of the most notable being Aurcana Corporation. The company is currently embroiled in litigation with our silver bull Sprott and the resultant pooh stream can't possibly get any more interesting.

Aurcana Corporation - AUN.v


Silvermex Resources Ltd. - SLX.t


Number one with the silver bullet lately is Silvercorp Metals Inc. (SVM.t)

Silvercorp Metals Inc. - SVM.t

And what makes us soooo interested in Silvercorp? To start off with in 2009 the company was reporting as the 13th largest silver producer on the planet and is currently sporting a market cap exceeding $ 1.3B.

The shareholder list includes the CPP (Canada Pension Plan) and the company has been tarnished by the major problems at Sino Forest. (TRE.t)

Penny Stock Journal

Wednesday, October 5, 2011

3 times you can bite me ...

This space is a slave to shameless commercialism when Gummy Bears are involved and we will bask in the appreciation of parents of young children who get nicely tuckered out dancing to the Gummy Bear Song.

(And we avoid all liability when self same parents are forced to listen to it for the 98 billionth time.)

Not dancing much lately are the drillers in Kurdistan. Wild cat drilling in the Zagros Folded Belt is ultra high risk to begin with and costs are horrendous. If there are any doubts we can ask the stakeholders of Vast Exploration how much their wickedly expensive duster cost.
Other Kurdish drillers are feeling the pain as well.

ShaMaran Petroleum Corp. - SNM.v

Western Zagros Resources Ltd. - WZR.v

There is good news indeed if readers ever find themselves being chased by an angry Rhino.

According to a remote Nepalese community in the foothills of the Himalayas, the ethnic Tharu, the herb camomile scares the rhinoceros away due to its smell.

Penny Stock Journal

Tuesday, October 4, 2011

Apocalypse Over Now?

The Horror, the Horror.

Late day rally injects some measure of life into otherwise fully comatose markets and has there been some bottom or other established? A body should note the Canadian buck has been beaten down to 0.951. Not that long ago it was 1.05. That represents a 10% discount for offshore bucks looking at ALL Canadian securities and whatever goodwill that is holding up the bloated US buck can only be temporary.

Things are starting to get ridiculous on some valuations and virtually everything else is getting oversold. Apocalypse or no a body will never get rich selling at every low that comes along.

Lundin Mining Corporation - LUN.t

Case in point is Lundin Mining.

"Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) today reported net income of $57.7 million ($0.10 per share) for the second quarter of 2011, an increase of $15.4 million from the $42.3 million ($0.07 per share)(1) for the second quarter of 2010.
So what's the deal exactly when we can probably extrapolate $ .30+ per share in earnings this year? Dwelling on commodities prices is for those that are selling at these 52 week lows.

Apocalypse Now (1979) from producer/director Francis Ford Coppola is a ground-breaking masterpiece with surrealistic and symbolic sequences detailing the confusion, violence, fear, and nightmarish madness of the Vietnam War.

Martin Sheen, Marlon Brando and Robert Duvall starred.

Penny Stock Journal