- Major article ahead: Melt-UP
- Endeavour, Panther: Silver Linings
- Scheduled Mine Tours: Avanti, GBG, Ghana
- Instant Value candidate: CRXX ( Banister)
Endeavour Silver (AMEX: EXK and TSX: T.EDR) today (Thursday) reported dramatic increases in silver and gold production down Mexico way. At the Guanajuato Mine we visited three weeks ago, the results on nearly all fronts, including grades, recovery rates and tonnage were remarkable advances vs. second quarter 2008. Cash costs per ounce across all mines came to just under US$7 per ounce, an almost 30 percent drop from a year ago. See report on Stockhouse for full details.Small point: I wish
Ticker Trax Prospects
-- Biocryst Pharmaceuticals (BCRX)
-- Central Fund of Canada (CEF and CEF.A)
-- Great Panther (GPR)
--Endeavour Silver (EXK and EDR)
-- Great Basin Gold (GBG)
-- Avanti Mining (AVT)
-- Candente Resource Corp. (DNT)
-- Endeavour Financial (EDV)
Our family’s holdings are listed on Stockhouse under the “portfolio setting” for user TCALANDRA. I receive no compensation in exchange for commentary – except your subscription fees.
If I intend to purchase or sell any investment discussed in Ticker Trax, you will be first to know. We here at home own all 8 Planetary Prospects.
Ticker Traxis not a market timing service. We research, we buy, we visit, we research some more ... and we hold. Planetary Prospects are named thusly because we believe they are among the best investments in the world for creating wealth.
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Brad Cooke’s Endeavour Silver would post comparisons sequentially as well as vs. the year-ago period. Endeavour Silver is a Planetary Prospect, along with Guanajuato neighbor Great Panther Resources (TSX: T.GPR). Both companies will be the subject of a revealing profile with photos in the next week for Ticker Trax subscribers.
Robert Archer’s Great Panther Resources will reveal its quarterly tally today as well. I expect dramatic increases in grams of gold and silver per tonne of processed ore, among other valuable improvements in the small but fast-growing Mexico miner. The concentrate being loaded onto trucks for delivery to smelter was yielding an average 19 kilos of silver per tonne and 100 grams of gold – up from a second-quarter average of about 13 kg silver and 70 grams gold, the day I was there.
I have been buying shares of both these companies regularly.
-- Next week, I will have a general release article on Stockhouse about the almost daily Melt-UPS in prices of junior miners reporting events. Largely the events are drill-hole results that indicate marked increases in possible, probable, indicated and/or inferred resources. The companies – such as East Asia Minerals Corp. (TSX: V.EAS), Lydian International (TSX: T.LYD) and many others – appear to be benefiting from tremendous reversals of investor sentiment – based in large part on actual events. What is more, shares of these small companies, after scoring 100 percent and greater gains in a single day or two days, continue to rise.
The beneficiaries operate mines in Wyoming, Colombia, Armenia, Indonesia, Africa, Mexico and Canada … and many other nations. The resources run the element table gamut: gold, silver, moly, tantalum, niobium, platinum, copper, cobalt.
In the article, I will be mentioning shares of X-TRA Gold Resources (OTC: XTGR), James Longshore’s Ghana gold exploration company. I am scheduled to attend a tour of the Kibi Gold Trend property in mid-September, pending drill-hole results from activity taking place this month. X-TRA Gold’s potential as a Planetary Prospect is under review right now.
I will not be purchasing shares until we here either name X-TRA as a Planetary Prospect of this service or we see the drill-hole results published. One, or the other, or both. Yet I am alerting Ticker Trax subscribers that I am researching the company and hope to take the tour if the Ghana project merits interest.
I hope to look at several companies with events that might produce dramatic one-day and one-week valuation increases. The Melt-UP propositions are high-risk and high-reward.
-- We still await a report from the Department of Health & Human Services on the status of BioCryst Pharmaceuticals’ peramivir influenza antiviral compound. In our report earlier this month (please see password-secure archives), I telegraphed optimistic estimates of the number of intravenous doses of peramivir that one day might be accumulated by various governments for stockpiling – in the event of worsening H1N1 conditions across all hemispheres. These estimates are entirely my own. I fully expect BioCryst to receive Emergency Use Authorization for peramivir. I also see events occurring in Japan for the company’s drug, which is approved there.
-- We are discussing a new Instant Value Service with David A. Banister of Active Trading Partners. In the meantime, David’s latest trigger this week goes to CRXX (Combinatorix – CEO Robert Forrester). “It was $1.05 as of 08/13/09 close. Buy up to $1.20 limit,” David tells his own subscribers. “I’ve been following this company and stock from $1.20 back to 0.73 (U.S.) and back to $1.14 recently. I’m fascinated by the biotechnology here of combining agents with existing drugs/therapies to provide better results. This company bloomed out of some research by Harvard U. scientists, and they have had some early successes and failures both. The interesting thing is the explosive nature of the chart set up (a possible triple), and the pending merger with privately-held Neuromed of Canada.” (We here at home own no shares of either company.)
- One of our Ticker Trax Instant Value candidates, Canada Lithium (TSX: V.CLQ), is surging. CEO Kerry Knoll has no explanation – except that investors are warming to specialty metals companies with mine-capable resources going out three years or fewer. Shares of Western Lithium (TSX: V.WLC) are also rising smartly. Lithium, molybdenum, tantalum, cobalt and other metals are rising in price as Asia manufacturers of vehicles, batteries, cell phones and more line up future suppliers. Those suppliers must meet regular production schedules. We STILL ARE considering making one of the two companies, or both, Planetary Prospects. But not yet at these surging prices.
New Orleans: A deadline is fast approaching fordiscountedtickets toone of North America’s most diversified investment conferences. The New Orleans Investment Conference has in the past given me great satisfaction in terms of time spent meeting colleagues, subscribers and real miners, scientists and alternative economists. I’ll be presenting a down-and-dirty workshop and a presentation that includes a look at silver, gold, molybdenum and H1N1 at this year’s gathering; I hope some of you can join me.
Brien Lundin of The Gold Newsletter produces the conference, whichruns Oct. 8-11. Many of my trusted colleagues and investment sources attend the show. This year will bring an excellent crop of counter-clockwise and contrary thinkers in the areas of mining, emerging markets, commodities and life sciences. I encourage those who have the time and money to attend by clicking here. Those who cannot can contact me for any and all information I gather there.
If you are interested, please visit this link for registration. (Please e-mail me with your plans to attend so that we can meet up.) The last New Orleans show I went to, and spoke at, was a corker … and gave me at least two leads that changed my portfolio life.
-- Scheduled mine tours
- In late August I will be visiting Avanti Mining’s molybdenum property in Kitsault, British Columbia. Avanti (TSX: V.AVT) is a Planetary Prospect of this service, and like all Planetary Prospects, we here at home own the shares.
- In early September, Iwill be visiting the Nevada gold mine properties of Great Basin Gold (TSX: T.GBG), which is a Planetary Prospect.
- I am scheduled to visit James Longshore’s Ghana gold project in mid-September. The company is X-TRA Gold Resources (OTO: XTGR), and it is drilling 40 holes this month along the Kibi Gold Belt.
That is all for now. Thank you for subscribing! (We own no shares of Canada Lithium or Western Lithium or X-TRA Gold.)
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Ticker Trax™ is published by Stockgroup Media Inc. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse/Stockgroup Media that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Copyright 2009 all rights reserved.
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