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Garibaldi Resources – A Big Scam or The Big Score?

January 28, 2018 by admin

Garibaldi Resources

Popular junior mining stock Garibaldi Resources receives some harsh comments from Brent Cook at the 2018 Vancouver Resource Investment Conference.

At the Vancouver Resource Investment conference on Sunday, January 21 at 1pm conference host Marin Katusa hosted a panel called A Big Scam or The Big Score?

Panelists included Brent Cook and Frank Curzio.

Host Marin Katusa asked them questions of if popular junior mining stocks were a “scam” or a “score”.

The small side panel was standing room only as curious investors listened in.

I managed to get some audio of Brent Cook discussing GGI.

The next day Brent Cook was spotted at the Garibaldi Resources booth at Roundup.

Brent Cook and Peter LIghtfoot at Garibaldi Resources booth at Roundup

This will definitely be an interesting stock to watch in 2018. What do you think?

These were Mr. Cooks comments on November 21, 2017.

” Yesterday’s NR was probably the worst written NR of the year and should have been a big red flag to anyone following #GGI. Confusing and disjointed geo-babble that provided no context. Dr. Lightfoot should be embarrassed. GGI originally stated assays by late Oct and have had sufficient time to compile decent plan and section maps. These should include locations and assays of previous work etc. The one HG hole (#4) they smeared 4.8m @ 7.2%Ni, 3.4%Cu over the 48m. Removing that leaves 43.2m @ 0.42% Ni, 0.39%Cu. This thing is sketchy as hell. http://www.corebox.net/drill_interval_calculator?data=48,1.1,.69,,,4.8,7.2,3.4,,,

and . . .the geologic setting is all wrong. My bet is the HG has been remobilized into a narrow shear from a rather low grade and smallish Ni bearing ultramafic/dunite. Y’all should be demanding all the old and new data on maps and sections. Right now there is no context and a lot of BS.”

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Filed Under: Brent Cook, gold stocks, Mining Companies, Stock Tips Tagged With: brent cook, Garibaldi Resources, Marin Katusa

How are the top stock picks from VRIC 2017 doing?

January 17, 2018 by admin

How are the top stock picks from the Vancouver Resource Conference 2017 doing?

I was doing some DD as I prepare for VRIC 2018 and wanted to know how the top stock picks from 2017 actually played out.

Let’s see how these newsletter writers top stock picks did.

Starting off with the conference host Marin Katusa.

Marin mentioned a top stock pick of Blackbird Energy BBI.V

Tuesday Jan 17,2017 BBI closing price 50 cents.

Wednesday Jan 18,2018 BBI closing price 32.5 cents.

1 year return of -35%.

marin katusa top pick

Let’s check in on Marin’s former boss Mr. Doug Casey.

Northern Dynasty

northern dynasty

Tuesday Jan 17,2017 NDM closing price $3.34

Wednesday Jan 18,2018 NDM closing price $2.12

1 year return of -36.5%

Uranium Energy Corp

Tuesday Jan 17,2017 UEC closing price $1.57 USD

Wednesday Jan 18,2018 UEC closing price $1.67 USD

1 year return of 6.3%

How about the more top picks?

VRIC 2018

Checking in on Brent Cook and Louis James.

brent cook top pick and louis james top pick

Mr. Cook has been a long time fan of Mirasol and has been a top stick pick a few times. Mirasol’s chart over the last year says…..

mirasol

Tuesday Jan 17,2017 MRZ closing price $1.84

Wednesday Jan 18,2018 MRZ closing price $1.77

1 year return of -3.8%

Mr. James did not sound very confident in his pick of Pretium Resources and I wouldn’t have been either with some of his recent track record but Pretium managed to roughly break even after a big month of September/October when production commenced.

Tuesday Jan 17,2017 PVG closing price $13.72

Wednesday Jan 18,2018 PVG closing price $14.05

1 year return of +2.4%

And the top stock pick from VRIC 2017 scorecard shows

 

Name                                Top pick                       Symbol    Percentage

Marin Katusa                    Blackbird Energy           BBI          -35%

Doug Casey                      Northern Dynasty         NDM       –36.5%

Doug Casey                     Uranium Energy            UEC          +6.3%

Brent Cook                       Mirasol Resources         MRZ         -3.8%

Louis James                      Pretium Resources        PVG          +2.4%

and the moral of the post is ….. be careful  do not buy top stock picks from newsletter writers.

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Filed Under: Brent Cook, Gold, gold stocks, hot stocks, mining stocks Tagged With: blackbird energy, brent cook, Doug Casey, louis james, Marin Katusa, Mirasol Resources, Pretium Resources, top stock picks, uranium energy corp, VRIC top picks

VIDEO – Brent Cook and Joe Mazumdar talk Mining Stocks on BNN

March 9, 2017 by admin

Brent Cook and Joe Mazumdar

Brent Cook and Joe Mazumdar on BNN Market Call.

Brent Cook and Joe Mazumdar

The two geologists who pen the junior mining newsletter Exploration Insights were on Market Call Tonight on BNN. Brent Cook and Joe Mazumdar write what I believe to be is the most expensive mining newsletter (price wise).

Is it worth it? MAYBE

  • You do get two experienced geologists (as the saying goes two heads are better than one)
  • They do invest in their own money (or so they say). Most other mining stock newsletters are not independent. This is important as it makes the other letters biased. It looks like the only $$$ Joe/Brent receive from companies is from sponsorship a few conferences they speak at.
  • Track record was decent last year (but every junior mining stock that didn’t have moose pasture was up significantly). They did have 4 or 5 takeovers in the past 12 months and do a great job finding a fatal flaw in mining projects.

Brent Cook and Joe Mazumdar are currently focused on development stage companies who can be taken over (M&A). The game plan is to own companies majors want to buy since their reserves and resources are depleting.

Here are my quick notes from Brent Cook and Joe Mazumdar commenting on viewer questions on mining stocks.

Northern Dynasty Minerals –  Brent Cook – Northern Dynasty has the Pebble deposit which has in the order of 90 million ounces of gold/copper. It has been heavily promoted as a Trump play with the idea with him in the regulations will be easier and will get permitted. This is a mega project in the middle of nowhere in Alaska at the headwaters of one of the largest salmon fisheries in North America. It is a difficult place to build a tailings facility and is expensive ($8 billion – $12 billion) to build. The best grade is also at depth. Not enough detailed enough work to know if this is economic or not in Brent’s opinion. The bottom line is not something they are buying.

Dalradian Resources –  Joe Mazumdar – We owned it last year liked the resource,jurisdiction, and team. Have since sold as they didn’t think the resource would match the grade. Right now Joe and Brent are not looking at development plays so they have not gone back to DNA have moved upstream to exploration plays.

Semafo – Joe Mazumdar – They are in Burkina Faso not a horrible jurisdiction by any stretch. They are not really looking at producers at the moment. Looking for development plays to feed the next cycle. Brent Cook – They don’t often look at companies with multiple mines as they are already well covered by the brokerage community. The portfolio currently owns one company that is in production.

Aurion Resources –  Brent Cook – I know it well bought it 5 years ago in a private placement. Stock went from 25 cents to 5 cents. Company is cleaned up and moved to Finland. They have found boulders with visible gold in it recently. It is intriguing. If drilling can confirm continuity it will be interesting. This is the sort of thing that could really do well.

Fission Uranium – Joe Mazumdar – We owned a uranium stock last year that we sold as we were looking for a rebound in the uranium market. As of now we don’t own any uranium stocks. Market is over supplied. Fission a good team and a good asset. Brent Cook – We do not see majors buying any projects at the moment. A dead market to us something we don’t want to play.

Silver Standard – Joe Mazumdar  – Silver Standard is not really a silver company anymore. They have converted the company in the last 18 months to a gold company by buying gold assets in good political jurisdictions.

Western Copper and Gold – Joe Mazumdar – I visited it last summer. I did a tour of the Yukon. A very large but low grade deposit if you want to play the leverage game. It will take awhile to permit. Right now for me it does not make a lot of economic sense they would need higher copper and gold prices.  Brent Cook – Majors are not going to buy a marginal asset like Western Copper.

Brent Cook and Joe Mazumdar Past Picks

  • Mirasol Resources
  • Kaminak Gold – taken over by Goldcorp +270%
  • Ivanhoe Mines

Cornerstone Capital Resources –  Brent Cook – Years ago I spent a lot of time with them. They have been in Ecuador quite a while a formed a JV with Solgold. Have made a very impressive copper-gold discovery in Ecuador. It is deep. It is looking pretty good but we missed it. Right now it is more expensive then we want to pay for it but it is certainly a nice discovery.

Wellgreen Platinum – Joe Mazumdar – It has good investors (Electrum and RCF) a good long term shareholder base. New CEO Diane Garrett formerly of  Romarco is now running a company which is a positive. It is set up very well and is a big project. The big thing for them is drilling out the resource and the metallurgy is very important. Metallurgical test work is worth watching.

Premier Gold – Brent Cook – I know Ewan Downie really well I have all the respect in the world for him. They bought in December and have since sold for a short term trade. The grade at Arturo looks to be higher than expected. The Cove deposit that they are drilling out seems to be hanging together. The bottom line is I see no fatal flaws in Premier now. I think you wait till it gets whacked as gold drifts lower into the summer. Wait for your price.

Tinka Resources – Joe Mazumdar. I was just at site a week ago. The management team is fantastic with lots of experience. Have a zinc project that has decent grade. Have a resource and are trying to drill out the same on a significant land package. We bought it because we think it can get bigger basically.

Moneta Porcupine – Brent Cook – That is a very large low grade deposit. 1 million ounces of M/I and probably a couple million more ounces in inferred. A very sketchy deposit mineralization is spoty. Would be very hard to mine. May work as a leverage to the gold price. Not something I own or every will own since I don’t think it’s an economic deposit.

Oceana Gold – Joe Mazumdar -We don’t own producers. Oceana is a multi asset producer. For some investors they might be over exposed to the Philippines right now. They are taking more of a focus on the Americas. They have been more active in placements in junior mining companies.

Newcastle Gold –  Joe Mazumdar -New management team the ex ceo of Detour Gold is now running it. An open pit heap leach deposit in California that was a former mine. Grade going forward is lower than previously mined. As far as land package they are in the middle of a national (desert) reserve so that is something you have to watch. Investors need to look for head grade, recovery, and water consumption. We don’t own it.

Pretium Resources – Joe Mazumdar – Long term is really based on the volatility of the underlying resource. A lot of people don’t know if the head grade will be what the feasibility project suggests. Other companies are still uncertain if that grade is going to be real. If other companies are not interested we are not interested.

K92 Mining –  Brent Cook – K92 is a high grade deposit in Papa New Guinea. Land package is great and exploration potential is good. Trying to mine high grade veins which the previous company could not do. Until they can prove they can make money mining these high grade veins it is a show me story.

Brent Cook and Joe Mazumdar Top Picks

  • Mirasol Resources
  • Cordoba Minerals
  • Nighthawk Gold

 

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Filed Under: Brent Cook, gold stocks, Joe Mazumdar, Mining Companies Tagged With: Brent Cook and Joe Mazumdar

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