Klondex Mines was one of them that the GDXJ sold with the result that Klondex shares were hammered down to Can$3.98 today; and
In the 1st Quarter Financials of 2017, Klondex reported that it had mined 57,000 equivalent ounces of Gold however; they reported the sale of only 34,000 ounces. Consequently, the cash-flow in the First Quarter did not reflect the true picture.
We believe that today Klondex Mines is again a wonderful "Investment Opportunity” - - - WHY?
- GDXJ still has about 5.5 million shares to work-out and sell. The GDXJ selling will stop on June 16, 2017; and
- The Second Quarter for Klondex will reflect the sale of the remaining 23,000 equivalent ounces of Gold not reported in the First Quarter.All the hard work has been done by Klondex and the Company can look forward to a bright and profitable future. The 2nd Quarter Financial report is expected to be very good indeed. Consequently; Klondike Mines will have a tremendous upside which should be reflected in its share price.
- Yes, at the share price today, I believe Klondex Mines shares are a steal. The Company is focused on earning free cash to be used to build serious shareholder value. I continue to buy because; I believe this Company will give me tremendous ROI.
Stay Tuned fellow Traders - - Stay Tuned!
Please note that post the May 31, 2017 dissemination of the above, Thursday and Friday Klondex traded 3.2 million shares.
Therefore, by my calculation, GDXJ still has 1.3 million shares to sell. Consequently, tomorrow you still can get into the buy action at a reasonable price before, as I expect, the shares should rise in price!
Klondike Silver Corp. a Secure and High Return on Investment
Klondike Silver Corp. (TSX-V: KS) issued a News Release on May 26, 2017 gave a update on its unique Silver/Lead/Zinc projects in British Columbia, Canada as follows:
Reviving the Slocan Mining Camp
May 26, 2017 Vancouver, Canada (TSX.V: KS) Further to the News Releases dated Oct 12, 2016 and March 3, 2017: Klondike Silver Corp. has one of the most unique silver-lead-zinc projects in Canada. Klondike’s Slocan Mining Camp is a 100 square kilometre brownfields project located in southeastern British Columbia, a safe and stable jurisdiction. The project has an active Mine Permit, a 100 ton per day mill and a licenced tailings pond facility. The mill has power, water and an all-weather system of roads and highways as well as a large educated population nearby, to draw on. The mill is 1.5 hours from Teck Corp.’s Trail lead-zinc smelter and one hour from the main airport and rail system in the area. Once additional economic mineralization is identified, production can start almost immediately. Underground drilling necessary to identify additional economic mineralization is scheduled to commence in the fall of 2017.
David Makepeace, Technical Advisory Board Member provides 3D Model update:
The construction of the Main Lode 3D model is progressing. The model now incorporates eight past producing mines, with their respective ore bodies, some faults, topography with surface features, soil geochemical data and selective surface and underground diamond drill holes. More data is being input regularly from the volume of historical data available. Presently, the data for the model is based on the main local mine grid which is in imperial measurements. The model will be transformed into UTM (metric) coordinates once the LIDAR survey is complete the two will be meshed together.
Eagle Mapping Ltd. is currently contracted to commence the LIDAR SURVEY once the Slocan Mining Camp is snow-free.
Primary Silver Miners are Rare
I highly respect Adam Hamilton owner/writer/analyst at Zeal Speculation and Investment. Adam is also a substantial Silver investor. My writing below includes many quotes and excerpts from his essay published on Friday May 25, 2017:
“Silver mining is a tough business both geologically and economically. Primary silver deposits, those with enough silver to generate over half their revenues when mined, are quite rare. Most of the world’s silver ore formed alongside base metals or gold, and their value usually well outweighs silver’s. So typically in any given year, less than a third of the global mined silver supply actually comes from primary silver mines!
As scarce as silver-heavy deposits supporting primary silver mines are, primary silver miners are even rarer. The universe of major silver miners is pretty small, and their purity is shrinking. The higher the percentage of sales any miner derives from silver, naturally the greater its exposure to silver-price moves.”
Klondike Silver is primarily a Silver producer. The Company expect to start production in early 2018. The Company truly is major silver player and because; production and subsequent cash-flow is the lifeblood of a all mining companies, Klondike Silver Corp. has a great future ahead of it.
The Company has an experienced Hands-on Management & Technical Team and 100% Ownership of 100 sq. km Silver/Lead/Zinc Land Package located in mining-friendly British Columbia, Canada. In addition it owns an operating ﬂotation mill located 140 km by road from the Teck (formerly Cominco) Trail smelter and consequently, cash-flow is within easy reach.
Silver-mining profits do skyrocket when silver soars - - - but during silver’s long intervening drifts at relatively-low price levels, which we are experiencing now, silver miners often can’t generate sufficient cash flows to finance expansions - - - primary silver miners are getting rarer.
Today’s Silver price is really low relative to prevailing Gold prices, which means a huge upside for Silver as the Gold/Silver Ratio narrows. Silver miners profits leverage to rising silver is incredible thus Klondike is in an excellent position to benefit from the upcoming Silver bull-market.
Whereas; the top 10 past-producing Silver mines within the 100 sq/km Klondike ‘Silver Claim Block’ also produced Lead as high as 51.64% and Zinc as high as 9.52% the Lead/Zinc value will add tremendously to the Klondike cash-flow.
Klondike workers have rehabilitated the Portal at the Silvana Mine. Micon-International, consultants to the Company, will inspect the Silvana Mine Portal and tunnels by the end of June 2017 and report back on any needed rehabilitation.
As silver powers higher, Klondike’s silver-mining profits will leverage to its advantage which should, fundamentally, support far-higher Klondike stock prices. Investors, like me, should make out like bandits if we continue to buy in low now, before everyone else realizes what tremendous future Klondike Silver Corp. has.
Financing is in place to commence the ‘Underground Work Program’ at the Silvana Mine.
Gold, Silver and the Dow
NY Gold Nearest Futures
For Monday June 5, 2017 and the Week SOC states for NY Gold Nearest Futures:
Daily: Temp High Possible Waterfall; Weekly: BULLISH; Monthly: Caution; Quarterly: Breaking out to Upside; and Yearly: Caution.
See NY Nearest Futures above.
Dow Jones Industrials Index Cash
For Monday June 5, 2017 and the Week SOC states for the Dow Jones Industrials Index Cash:
Daily: Still BULLISH; Weekly: Pressing Higher; Monthly: Temp High; Quarterly: Temp High Possible Waterfall; and Yearly: Temp High.
“Stay Tuned” my friends “Stay Tuned”
Points to Ponder
1) Yesterday in his Blog MA published the following The Impeachment of Donald Trump:
“Next week for $35 we will be issuing a very special report that goes through the legal and illegal way they can move against Trump for Impeachment. This report is also providing the political forecasts. This is a very important report and we are pricing this for the general public because of its importance to many who are not traders.”
2) In today’s Blog MA Said:
“On Friday, the government bonds remained in rally mode, pushing the benchmark 10-year Treasury note yield to a seven-month low as American pundits on Wall Street keep rubbing their eyes to make sure they are really awake. Stocks up and bonds up is a very strange thing for them to experience. The simultaneous run-up in stocks along with government paper has many just scratching their head. Does this mean the Fed will not raise rate? They are hard pressed for explanations when they only look domestically.; and
But in Europe, the risk of the ECB collapsing is rising and this is why the sudden move to create a consolidated bond for Europe to find buyers to sell off what the ECB has bought and for European states to find funding when the ECB stops buying.
My Take: It is a slow process but, - - - The European Union is finished and war will be the result.
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Cheers from Mining Interactive Corp. in sunny and warm Vancouver, Canada,
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas; Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
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The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in Meadow Bay Gold Corporation, Ashanti Gold Corp.; Klondike Silver Corp.; Organic Garage; Northern Dynasty Mines; Exeter; and Arrowstar Resources . Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin
June 4, 2017