?LOS ANGELES -- ?Mike Jones's
Platinum Group Metals out of ?South Africa is getting pasted, the stock that is,? for what he says is "no reason.?" That's a diagnosis I am taught is
never the case.
WBJV Processing Facility – April 2015
In PTM|PLG's case, the reason might be investor apathy. Or greater investor fascination with
Ivanhoe Mines, also in South Africa with platinum seemingly aplenty ?in the neighborhood of region's? Bushveld Complex. Still, the reason for PTM's sadsack stock price absolutely is
not the platinum price, nor palladium. Both are making up for lost ground recently in spot prices.
I own both PTM/PLG and IVN
in size, as the cowboys like to say
?. I have for a total of 21 years or so, if you add both in.
The platinum mine
snaps are of PTM's (ticker in Canada) Western Bushveld joint venture.
Images here.
All things South Africa are going to see renewed interest this year. Especially platinum. Reference: ?p
lease see
CHAPPIE, the film. Set in Jo'burg. If you see just one of the new run of artifical intelligence feature films filtering onto screens, ?see CHAPPIE, a cult classic in the making.
Novagems: 2015 World's Fair, San Francisco
These are ?our
Novagems here at home -- of which we sold 60 of'em for $4,500 the other day. They are gorgeous cut crystal with a history. Collectibles are thriving where we live. ?
This week, talking heads tell us to expect more commodities' zigs and zags in price: gold, silver. Perhaps. We already are. The better price picture for the precious metals was painted in late 2014.
Gold's? fair value is $1,400 an ounce in my book, and it has a few weeks to get there, before I say (again) that it has a few weeks to get there (Platinum? Fair value is probably $1,500?. See the limited-edition Porsche Spyder hypercar.)
Now that uranium is enjoying a brief equities rally, I think
graphite is next for attention, along with select rare earth equities.
To graphite, the substantive ones I watch (and do not own) are
Northern Graphite and Mason Graphite. The speculatives in our
TCR sphere are Graphite One and Alabama Graphite. The extreme specs that I own, one in Quebec and the other in Namibia, respectively are NOVEAU MONDE and Namibia Rare Earths. Both of those are seeing insider purchases this year.
All of these are listed in Canada with OTC proxy tickers.
If you are looking for cheap rare earths, with a side of uranium, (as you know), I have been buying TRER:
Texas Rare Earth Elements. Its chairman, Anthony Marchese, provided background to the writer of this
NATURE article on rare-earth recoveries. The
piece is superb and helps us to understand why the race to win for nations that seek to manufacture their own technologies is the race to separate and process heavy rare earth elements: 17 of them. Wonderful article, thanks Anthony in NYC and his board member, Jack Lifton.
I include the latest list of uranium resources in-ground as measured by market cap. It's a TRER chart, so naturally,
Texas Rare Earth wins. But then, Texas dirt has always sold cheap. Even in the movies. Across the prairies. ?So if TRER's 36-cent USD shares quintupled in value, that Texas uranium, according to TRER's calculations of its Round Top deposits (assayed and verified compliant in USA and Canada), still would be
cheaper via market value than any of the other pure uranium companies in the chart.
I decline to believe in the specifics of
any comparison chart that I did not create. Yet I respect the fact that every other company on that list is seeing larger percentage gains these past 10 days of the U308 rebound than is TRER.
Thus, I continue to purchase
TRER, and the shares continue to rise, albeit at a s-l-o-w-e-r pace than the rest. When in doubt about the length and breadth of a sector lift, be it in uranium, beryllium, (another TRER mineral), lithium (yet another at Round Top), gold or platinum, always go with the cheapest dirt.
KEEP AN EYE ON THOMCALANDRA.COM. I continue my research into that Colorado mine, as reported to paying TCR subscribers. I figure, take a mine that has shown repeatedly it can yield 3 ounces per metric ton of gold in bad times, AND 5 TIMES THAT IN GOOD, add in 28 mining claims around and on point with the volcanic trends of the mine, survey all of the regional gold producers that pay close to top dollar for that ore, and then ?wonder why some BIG mining company would
not put exploration drill rigs across those claims, and I think you'll get the drift of my continu?ing research of the volcanic epithermal mine.
Plus: that computer systems integrator HERE IN CALIFORNIA: Sysorex Global Systems? I am betting SYRX (NASDAQ ticker) will have more contracts signed before its next quarterly earnings report and call with investors.
Personal note: I -- we, actualy -- are throwing $29,000 USD or so to
Angkor Gold for a small piece of that micro-financing -- the one that is accelerating drill rigs on four targets in NE Cambodia. (Announced:
February 2015) Reason: so a China group, Tohui Beishan Property of Chengdu, can decide whether to exercise warrants for roughly 10 percent of ANK shares before the stock warrants expire in June. The first round of assays came in a week ago and were super, and helped push ANK shares (Canada ticker) to a fresh high. Anyway, this makes ANK/ANKOF our largest natural resources holding, followed I believe by Ivanhoe Mines. When Angkor Gold's next three rounds of assays are published (gold, copper, molybdenum, all in NE Cambodia), and, one calculates, the shares more reflect status as SE Asia's best prospect for a productive and profitable minerals prospector, well, you're all invited to France for a long weekend.
Fresh subscribers to Blips and TCR: all of my stock holdings -- not counting inherited securites that are entirely
ho-hum supra-large companies (or shall we say,
blistering, at the expense of our equity small-fry) -- are listed under
tcalandra for free members of Stockhouse: the portfolio setting.
?A brief tag here for American Sands Energy after making headway on its Utah permitting today --
?AMSE, tag, you're it. Friday is May Day, which means Saturday is Derby Day in Kentucky. Seize The Day, I guess. Not to mention Pac-Man's duet with Mayweather in Las Vegas.
-- THOM CALANDRA
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