Charts & Comments
posted on
Dec 05, 2015 09:56AM
Saskatchewan's SECRET Gold Mining Development.
$GVZ Weekly
The surprise outcome on the week has been low volatility in the gold price, despite the short covering rally.
$TNX:!PRII Daily
The wild ride in fundamentals in the last couple of weeks has been recorded on the daily chart of our indicator..
via Financial Post - Jeannes To Retire
Chuck Jeannes to retire come spring from Goldcorp
via PROCON Mining - Current Projects
My feeling about the La Ronge Gold Project is that the management will endeavour to keep secrets while operations continue, as they have in the past. I find it annoying that they can't see that everyone would be better off by the company paying a dividend rather than hack geologists stuffing their jeans, shorting the company shares.
The notable change that has to occur is the deficit write-down in any given quarter. I believe that they raised capital by providing gold to the Mint and Sprott, adequate for operations for the first five years, and to cover the deficit. They have not borrowed any money and did not raise capital to spend some ~$300m. After covering development capital and deficit, we're talking chunky change. Where did the money come from?
Bing maps is in the process of changing its mapping website, so those easy to obtain close-ups over multiple years will require multiple data sources.
Probably the only indication that the La Ronge Gold Project with its multiple mines, concentrating mills, ore sites is that the La Ronge Gold Project is still listed under current projects at the PROCON website. The mining subcontractor sits on the board, while the company itself otherwise resembles a royalty trust typical of the commodities sector.
http://www.procongroup.net/project/la-ronge-gold-project/
-F6