Showing posts with label stock. Show all posts
Showing posts with label stock. Show all posts

Wednesday, November 2, 2011

Industry Watch: Rye Patch Gold Expecting 43-101 in Q1 of 2012


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Al chats remotely with Bill Howald, President and CEO of Rye Patch Gold (TSX-V:RPM) at the New Orleans Investment Conference about the company's land holdings, their plans for the immediate future, and thinks they are well positioned going forward due to the 3-Ps: People, Projects, and Place.

Rye Patch Gold is exploring more than 85 square kilometers in key mineral districts of Nevada, the world's fourth-richest gold region. Our primary asset is the advanced-stage Wilco project, where drilling continues to upgrade an expanding gold/silver inventory.

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Thursday, August 18, 2011

In The Field: Majestic Gold's New China Mill



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August 17th, 2011: EKM visits Majestic Gold's (MJS.V) new mill and gold mine near Yantai, China. Featuring interviews from the President of Majestic, Rod Husband, as well as director Rudy Brauer, this video takes you on the ground to see the operations first hand.

Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China. On April 23, 2010, the company released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study. A recently announced agreement will increase Majestic's effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.

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Wednesday, March 30, 2011

Kitco Audio: Al Korelin Talks Gold Prices vs. Stock Prices With Marshall Berol



March 30, 2011: Al Korelin of the Korelin Economics Report talks with Encompass Fund Co-portfolio Manager Marshall Berol about the future of gold prices and how he sees their price movement compared to stock prices.

Marshall Berol has been an investment manager in San Francisco, CA since 1982. In 2000, he became the Chief Investment Officer of Malcolm H. Gissen & Associates, Inc. In addition, for more than 15 years, Mr. Berol has owned his own investment firm, BL/SH. Mr. Berol's management experience has focused primarily on investments in publicly traded companies, including real estate investment trusts, and limited partnerships. Mr. Berol did his undergraduate work at the University of California (Berkeley) and received a J.D. degree from the University of San Francisco School of Law.

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Tuesday, February 15, 2011

Industry Watch: Roger Wiegand on China’s Iron Ore Demand, Gold, and Silver Prices



January 25th, 2011: Roger Wiegand of Trader Tracks newsletter and www.webeatthestreet.com sat down with Al Korelin to discuss China’s iron ore demand, as well as his thoughts on the price of gold and silver.


Full Transcript:


Al: Hey I’m Al Korelin, thanks very much for joining me. Vancouver, British Colombia, shooting videos up here and having a great time. This is probably going to be one of the most enjoyable videos that we’ve shot because I’m chatting with my buddy Roger Wiegand, Trader Rog. Roger and I do a lot of work together; Roger lives just down the street from the little blonde lady and myself. He is a regular contributor to our website. I met Rog probably about 6 or 7 years ago, introduced by a mutual friend of ours, Laura Stein. She said ‘you’ve got to meet this guy- he’s brilliant’. I started to have him on the radio show- we were talking about real estate back in those days- and I’ve got to tell you this guy’s predictions were right on the money. It was almost scary. Now he comments on our show on the markets, on political issues, etc. etc. Let’s start out with the markets. I’m pretty bullish over the next 2 and a half years in terms of the resource sector, both the stocks and the commodities. What do you think?


Roger: Absolutely, I agree. The thing that’s interesting that I learned yesterday at the show was that I got more updates on base metals which are a little bit out of our purview but the push is on. I mean, copper prices are firm, and I saw a number in a report today that said iron ore is going to be up 60% this year.


Al: I want to tell you a funny story about that Chris Burry, Dr. Michael Burry’s son, came on the show about 3 weeks ago and he was talking about iron ore and I said you know what? I don’t know much about you Chris, but I know your dad really well and I know that his observations have been really really accurate, and it would appear that Chris’ are very accurate also. What’s the deal with ion ore?


Roger: Well primarily the deal with iron ore is that Asia has an almost insatiable demand for iron ore. Not only are they building all these cars and trucks, but the infrastructure requirements for steel and iron are tremendous, and the prices are going up a lot because of limitations on coking coal for making iron ore and steel, and also for the limitations of the furnaces and the equipment that they have to make it. People don’t really understand, Al, I don’t think they understand how big China is and the insatiable demand that they’ve got for base metals like copper and iron ore.


Al: Bigger and bigger.


Roger: Keep in mind that China has over 100 cities with over a million people, and almost all of it’s growing, and they’ve got the push on. They’re trying to control inflation which is getting out of hand, but at the same time they don’t want to curtail everything, they don’t want to shut it down, they want to keep the ball rolling and they’re spreading out.


Al: I want to change horses just a little bit, so to speak, in mid-stream, so I hope we don’t drown, but we’re in a bit of a correction right now in terms of precious metals. Silver was on an absolute tear, over $30 very recently, gold was on a tear, up at well over $1400 just recently, backed off a little bit, now gold is down in the low to mid $1300 and ounce, silver is down just a shade over $27 an ounce, $26 an ounce, whatever. Chatting with Randy Turner earlier, Randy feels that we’re in a correction that is very healthy. His comment was if the price of gold continues to go up at an almost vertical level, he said that the crash then could be really significant. He said ‘I think the correction that we’re going through right now is normal,’ and he said ‘I think it’s healthy’. What does Trader Rog think?


Roger: I absolutely agree with that. When you think about it, the high we had recently in gold was like $1432 and on this day we’ve been touching my floor number that I figured we’d have good support at $1325, so $100, big deal. Out of $1400, $100 is just a tiny little move, and you have to have these corrections technically because that’s just the way trading is. When people make money, they take their money. We have a technical correction, we find a new support, and then we go higher.


Al: No question about it. Let’s wrap it up by you telling the folks a little bit about trader tracks. It’s a great newsletter.


Roger: Trader Tracks was founded by myself and Jay Taylor in 2004 and we’ve been growing steadily every year. I put out my biggest issue last week before the Vancouver Resource Conference- we did 30 pages. Normally we don’t do that much, we do 20-24 pages a week, it comes out by e-mail on Friday night, and the topics we cover generally are some politics and economics, but we also focus primarily on gold and silver and trading and shares. I would say at this juncture there’s maybe 85% of our readers are busy with the shares both junior and senior, with a focus on the junior. So we address that to the extent that we can, but the letter has been growing in the futures and commodities area as well, and personally that’s what I do for my own retirement account.


Al: I’m going to make it easier. Nobody’s going to remember this stuff so we’re going to make it real easy, and that is that we provide a link on our website to Trader Tracks. Roger is also featured every single day on our website so if you simply click on the segment that he does for us every day, actually 2 segments, you can get all the information there also. Let me tell you, this guy knows what he’s talking about. He’s very bright. There are no conflicts of interest in his newsletter, in the sense that I know for a fact that he does not invest in the companies that he writes up. Not because he doesn’t believe in them, but because he doesn’t want to have any conflict of interest. I’m a little different; I do invest in the companies because you guys know about every single thing that I do. Don’t construe what Roger and I are saying as investment advice because it’s not, neither one of us are registered investment advisors, we are simply telling you what we’re doing ourselves. Thanks for watching.



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Monday, February 14, 2011

Industry Watch: Exclusive interview with Silver Quest CEO about large Yukon gold/silver project



January 25, 2011: Silver Quest CEO Randy Turner discusses his company’s huge property in a prime location in the Yukon, as well as their other project.


Silver Quest Resources Ltd. (TSX.V:SQI) is a mineral exploration company listed on the TSX Venture Exchange. With current projects located across Canada, and a portfolio of projects that range from early stage grassroots exploration to advanced-stage resource expansion, the Company is positioned to add shareholder value through systematic project advancement. At the same time, management continues to evaluate additional advanced-stage silver and gold projects for possible acquisition.


Interview Transcript:

Al: Hey, I’m Al Korelin, thanks very much for joining me. We are winding down our video shoots up here in Vancouver, British Colombia which we started a couple of days ago at the Cambridge House Investment Conference. I want to say once more for the last time – I promise I won’t say this again: that is one of the best venues out there for people who want to increase their exposure and increase their knowledge of the resource industry. Joe Martin and his crew really do a good job. So if you’re ever in the area of one of these conferences, you really need to attend. One of the joys of coming to these conferences for me is that I get to sit down one-on-one with some of our clients and really some of our friends. The gentleman who I’m about to chat with falls into the category of being a friend. Even though I haven’t known him for a long time, I’ve known of him for a long time- Randy Turner. Randy is the president of Silver Quest, one of our newest sponsors. Great to have you with us.


Randy: Thank you Al.


Al: How about an overview of Silver Quest. You’ve been on our site now for just a couple of weeks, so lets tell the folks out there what you’re all about.


Randy: Okay, well Silver Quest is actually one of the oldest companies on the exchange. It’s been around over 50 years, and ironically the original property that took the company public is still in the company- it’s in the Yukon, a major silver property. I took the company over about a year and a half ago as President and CEO, although I had been a long term Director and shareholder- since the early 90's. Our main focus is in Western Canada, both in the Yukon and British Colombia, and we do have a project in Northern Ontario. Gold / silver focus, with several major projects in BC where there are resources. Yukon is more exploration, grassroots, so we had a very extensive program this past year- we spent over $5 million both in central BC and the Yukon in land acquisition, geochemistry, and drilling. This year is going to be even more active, so the company has basically moved from the 10-15 cent level up to the dollar level. It’s now pulled back to around the 50-cent level, but we’re all geared up, well financed, and ready to go for this year.


Al: Randy, I want to talk about all three of the areas where your assets are located but I really want to start out with the Yukon. The reason I want to do that is that I think that area play is going to be huge this year- I really do. You’ve got a host of companies up there very, very active, and a lot of the companies that are very active up there don’t have the management that Silver Quest does- you guys have been around a long time, you’re veterans in the area for lack of a better term. Let’s talk about your assets in the Yukon first of all. Describe the assets, the size of the assets, and what you plan to do during 2011.


Randy: Silver Quest is actually the 3rd largest landholder within the white-gold area, which is where the original discovery was made about 3 years ago that got the attention focused back on the Yukon. We’ve concentrated on, in this area, up to the Alaska border, we have over 6,000 claims.


Al: That’s a big area.


Randy: Yeah. All these claims that were acquired were based on work that we did through geochemistry, through sampling, through technical ideas that we had, and we built up this portfolio of properties. We have done some acquisitions from other companies, from other prospectors, and for all the properties there’s a reason for having them. We joined a company called Kaminak, which has made a very significant discovery last year. We’re just immediately west of Underworld, which is now owned by Kinross, Kinross bought them out last year in March for about $160 million. So we did this basically over the last year and a half, this land acquisition. We also went in and did a tremendous amount of sampling. This past year we did over 15,000 soil samples, which is really one of the major tools that you use for exploration. It’s not glaciated in the Yukon, so what you get on the surface is generally what you get below. We did just under 5,000 metres of drilling, and we got sniffs of gold, and arsenic, and copper, and silver in some of the holes. Basically, we’ve just touched the tip of the iceberg. I think that all of us who have been in the business for many years will say that this Yukon is one of the big frontiers, the last frontiers, and is probably going to be one of the most exciting places for the next 3-5 years.


Al: I don’t think there’s any question about that, I really don’t. Now, I find it interesting being a shareholder of Silver Quest, which I have to disclose, among other things, but I do own some stock in Silver Quest, which I bought out of the market. So don’t construe what I’m saying as necessarily being arm’s-length information, because Big Al is a shareholder, so I’m highly biased in this particular case. Randy, you are the 3rd largest land holder in the Yukon. Now does that mean that the efforts of Silver Quest in 2011 will probably be focused on the Yukon as opposed to the property in B.C. and the other one?


Randy: I will say that three quarters of the work will be orientated to the Yukon, and a quarter will be orientated to B.C., budget-wise. The difference is that in the Yukon, we can’t get up there until about the first of May, and you have about a 6 month window of exploration- by Canadian thanksgiving time, you’ve got to be out of there. The snow is flying. Whereas our project in B.C., you can start in March, so we’ve got a jump in there. But certainly the focus will be on the Yukon. A lot of it has to do with the short window of exploration- so we’ve already applied for permits for our exploration camps which we will be getting in the next few weeks, we’ve already started community consultations with the First Nations groups, and we’ve laid out our basic exploration plans already for this upcoming season. So again a major sampling program, some additional drilling, some geophysics, so it’s going to be a fun, exciting year.


Al: Let’s talk about the technical people you have working with Silver Quest.


Randy: We have a technical group that I’ve assembled over the years, but I think it really starts at the Board of Directors. We have some very key board of directors who are very well known in the business. We can start with Rob McLeod who was the Vice-President of Underworld, which was the original discoverer of the white gold and was taken out by Kinross. We have Yale Simpson, and Yale’s been around. He’s the chairman of Extorre and Exeter Resources, very successful company in South America.


Al: I’ve only known Yale for about 27 years. Good guy- competent guy.


Randy: John Macdonald has been with me for over 30 years as a colleague. We worked together at Esso, we worked together at our previous company Winspear Diamonds, so he brings a lot to the table both as an academic and as a technical person. We also have Michael McPhie. Michael McPhie runs one of the companies for Hunter-Dickinson, so we’ve got a very strong technical board. We’ve put together a strong exploration team too. Some of the people we’ve recruited out of the universities, they’re doing their masters and PhDs and have been focusing on the Yukon for the last several years, so when we get ready to roll this summer, we’ve got a very good technical team out there in the field.


Al: Let’s talk about the other 25% of your effort that’s going to be going into your property in British Colombia. Let’s just touch on it lightly, if you would. Describe the property and describe what you’re going to be doing there.


Randy: We have 2 major assets in central B.C., both 3 hour drives outside of Prince George. One is called the Capoose deposit, and we just announced a resource there of about 1.8 million gold equivalent, made up of almost 900,000 ounces of gold and 51 million ounces of silver. That 43-101 was announced last week, and we’ll be putting out the final report within the next 45 days. We did 10,000 metres of drilling- it’s an open pit situation. We also announced the metallurgy, there’s almost 90% recovery in the gold, so that’s another positive for the project. We also have a 25% interest in a project called the Davidson. Davidson is again a porphyry style gold/silver project 30kms to the East. The operator of that project is going to be called Richfield Ventures. They even announced today a major hole just south of our property which adjoins a major deposit that we have, so we’re going to be in there this winter on a major drill program, so that’s where our efforts are going to go. So we’re contributing 25% to that project, and the Capoose Project we have 100%, so far for the plans for this year for Capoose there’ll be additional drilling too, to find out the extent of the deposit at depth and along strike.


Al: These guys are really well diversified geographically. We’ve talked about the 3 areas that Silver Quest is active in right now, and it’s a bit of an endorsement on my part. Don’t construe this as being investment advice because it’s not. I’m not a registered investment advisor - I’m not telling you what to buy or what to sell if you’re at all involved in the market, I’m simply saying that these are companies that we are involved in, and these are companies that I’m personally active in. That’s not to say that you should be, so you have to do your own due diligence. If you want more information on Silver Quest, all you have to do is click on the banner on the site and you can get a host of information that’ll allow you to make your own individual decisions. What I want to say is that Randy Turner’s been around for a long time in the business, fortunately as I have. This guy has got a huge track record of successes, and I don’t see any reason why that will stop in the near future or long term future for that matter. Randy, always a pleasure buddy, thank you.


Randy: Thank you very much Al.


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Friday, February 11, 2011

Industry Watch: Exclusive interview with CEO of Caza Gold about previously unexplored gold deposit in Mexico



Jan 25th, 2011: CEO of Caza Gold, Greg Myers talks about Caza Gold’s unique projects in Nicaragua and Mexico, including previously unexplored gold deposits on lad that had been local family owned for over 100-years.


Caza Gold Corp. (TSX.V: CZY; CZ6: FSE) is a new gold resource company focused on acquiring, exploring and developing prospective gold mining properties in Mexico and Nicaragua. Our goal is to create shareholder value by discovering and acquiring gold deposits that have the potential to become large tonnage or high-grade gold mines. Caza currently holds two attractive gold exploration projects in Mexico and Nicaragua, and plans additional key acquisitions.


Interview Transcript:


Al: Hey I’m Al Korelin, thanks very much for joining me. We have spent the last couple days up here in Vancouver, British Colombia. We were shooting video at the Cambridge House investment conference Sunday and Monday, and we are in our studios today updating you on a couple of our sponsor companies, one of the companies being Caza Gold. Caza Gold is run by a PhD Geologist by the name of Greg Myers. Greg is a really really good guy. This company is active in both Nicaragua and Mexico. I have to tell you something in the interest of full disclosure: Big Al did buy stock in this company a while back. It was actually on the initial public offering, and I’m very very glad I did, so for gosh sakes don’t construe this as investment advice because it’s not- I’m just telling you what I have done in the past. This is a company that is a sponsor on our website, if you want more information, click on their banner. It’s a really interesting situation, Greg. We talked on the air, in terms of radio, about what’s going on with Caza in Nicaragua and Mexico over the weekend. Do us a favor if you would and give an overview of the company, talking about your assets in both those countries.


Greg: Ok, well we’ve just become public in the last few weeks, and we have two projects we’ll be pursuing in Mexico, with the drilling program starting next month. That project is the Santiago project- a series of high grade veins that we’ll be testing and extending as much as possible. It’s been in the same family for 100 years, never had any exploration, so it’s a unique opportunity.


Al: What did the family do with that for 100 years?


Greg: Well, they did small workings on the high-grade veins, and they’d go in and mine a little gold when they got hungry. They’re small little adits, 25 metres is a deep one, so it was kind of a nice little operation for them.


Al: How did you find that?


Greg: Well it was a former X-men property. They had acquired it, but had never done any work, so it was a chance for us to get in and do something with this family and try and work something out with them.


Al: Now if I’m not mistaken, the work so far has been basically surface sampling and you’re going to go in with some rigs, is that right?


Greg: That’s right. We’ve been surface sampling- we’ve got a couple of crews down there right now and they have been for two months and we’re going to start drilling probably around the end of February. Right now we’re building drill roads to get into the area.


Al: Let’s go south a little bit to Nicaragua. How did you guys get interested down there?


Greg: I have a friend that I’ve worked with for 25 years- he worked for me at Phelps Dodge and a couple other areas, and he came to me at the beginning of December and said that he had just identified a very interesting target that I should take a look at. So I hopped on a plane, flew down and looked, and I got out to the property with some maps and- you know how you have an 8.5’ by 11’ page and you say ‘oh, I’ll walk around here’ and I stood there and looked at the mountain we had to climb and was amazed at what I saw. It was just absolutely huge. So we started hiking, and every rock we looked at was altered, and every rock we looked at had interesting potential mineralization to it. After 4 hours of hiking I realized I was only about a quarter of the way into the target area so I realized I had a tiger by the tail. So that’s how we got into it. I immediately knew it was something we had to acquire, so I talked with my friend and his associates and we were able to come to terms.


Al: And strike a deal, so to speak.


Greg: Yeah.


Al: What exactly are you guys doing down there right now?


Greg: We have several geologists on site doing surface mapping and sampling trying to further define the geochemical anomaly. Previous sampling- there had been about 2,000 samples taken in the past and they were only on ridge tops, so it was a limited sampling array that we had. We tried to expand that, and that’s what we’re doing now.


Al: Now if I’m not mistaken, chatting with you over the weekend at the show, you were saying that in terms of your efforts, you’re not focusing necessarily in Nicaragua or Mexico, you’re working both areas concurrently.


Greg: That’s right. We have 3 separate projects operating at the same time right now. 2 in Mexico, and (one in) Nicaragua.


Al: If I were to ask you ‘what do you plan specifically to do for the remainder of 2011?’ which is damn near a year at this point- it’s basically exploration work, correct?


Greg: That’s right. We’ll be drilling all 3 projects in the course of the year, and a lot of surface work on all 3 as well. So really defining targets, make sure we’re drilling the right ones, and then making sure we drill.


Al: How’d you get involved with Caza Gold? Brad Cooke is an old friend of mine, and I know he only brings really qualified people to the team. Now I know that you’re really qualified, but how did you guys get together?


Greg: I had a friend that introduced us about a year ago. I knew that they had an opportunity and Brad talked to me about coming on and helping with Caza- it had been sitting private for a while. He said ‘why don’t you come in and help us go public?’ It looked like an interesting opportunity- I looked at the projects and thought ‘these have some potential,’ we went out and looked at the projects in the field and there was a lot more to it than what it looked like on paper so I got excited. The rest is history- we hit it off very well, I really like working with Brad-


Al: The whole team are really good guys.


Greg: Yeah.


Al: I’ve known him (Brad) for over 20 years- he’s a really good guy.


Greg: It’s nice. They have a strong set of ethics, and I like working for people like that.


Al: Sure- me too. Caza Gold- take a look at it. If you want more information, click on the banner on our website. Let me say again, Big Al is highly biased in this situation. We have bought stock in the company, we’re glad that we did. Remember that I’m not a registered Investment Advisor, so don’t construe this as being investment advice because I’m not telling you to buy anything or sell anything. I’m telling you that this is an opportunity that I seized upon- if you want to examine it take a look and see if you don’t agree with me- just click on their banner. Greg, always a pleasure buddy.


Greg: Great, thank you.


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