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Bob Moriarty on MX Gold Corp

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Bob Moriarty on MX Gold Corp

Bob Moriarty
Archives
Aug 15, 2016

One of the genuine pleasures I get from writing a new piece about a company and a project is finding that I am literally revisiting a project that I visited and knew from ten years or more back. It’s nice to know that I got it right in years past.

Recently a company now named MX Gold called me and said they wanted to advertise on 321gold. MX Gold has both a gold project and a giant moly project in British Colombia. The gold project is named the Willa Mine. The moly project and mill is called the Max Moly mine. That seemed familiar to me. It turns out that I visited the project in December of 2004 and wrote about it early in January of 2005.

The piece was very positive about moly and pretty negative about Scott Broughton of Roca Mines. The price of moly had shot up to $37 a pound. Roca had a giant resource at Max of 140 million pounds of moly at a .02% moly sulfide including a high-grade core of 10 million pounds in a 1.07% moly sulfide resource. If Scott Broughton put the Max mine and mill into production at a small rate of 200 tonnes per day at a cost of $8-$10 million he would have a cash flow of $100,000 per day and an IRR of 112% at $30 moly.

But Scott Broughton had this giant ego issue. And everyone who knows me and knows of him mentions it. It’s ok to be arrogant but before you get arrogant, you should have accomplished something in life.

Broughton took his sweet time making the mill just right. Rather than get into small-scale production in the 6-8 months as he said he could do, he took 2.5 years to get into production. By which time the price of moly started to tumble and kept going down. In 2012 the mill and mine were put into care and maintenance mode. By 2013 Roca was on dire straits and was forced to literally give away the $100 million dollar mill and moly mine millstone.

MX Gold, then called Discovery Ventures, made an agreement with Roca in late 2013 to acquire the mill and mine for about $5.7 million. While the price of moly had continued lower, Discovery had a high grade gold mine only 135 km from the mill named the Willa deposit.

MX Gold revised an earlier PEA for Willa in January of 2016. It makes forinteresting reading. At today’s prices, the gold/silver/copper ore has an in the ground value of about $262 per tonne. Costs of mining, transportation and milling work out to about $98 a tonne. While the existing resource only allows for a 4.25 year mine life, with a $21.3 million dollar capex the project will produce an incredible 83% IRR.

The Willa Mine is located in the Slocan and Sandon mining camps which hosted more than 20 mills and some additional 200 mines that shipped ore for processing in custom mills since discovery in 1890. With only a 4.25-year mine life, obviously MX Gold will be looking for more mill feed, both internally and as a custom mill. The Willa deposit is open in three directions and more resources will be found at some cost.

The real news for MX Gold other than the fact they practically stole a brand new mill for a few cents on the dollar is the hiring of Bert McPherson from Goldcorp. With a mill that was designed for use in processing moly ore and a gold mine that hasn’t been in production for many years, MX Gold needs someone with a lot of hands on experience. Bert McPherson comes with a boatload of qualifications.

Bert was mine manager lately of the Penasquito Mine of Goldcorp in Mexico with some 1400 employees. Just as a matter of interest, the mine was the 2nd largest in Mexico. He also was the VP/General Manager of the Tasiat Mine owned by Kinross in Mauritania. And he was the mine manager of Barrick’s Alto Chicama in Peru.

McPherson was hired as President and COO of both the mine and the mill. The company has been granted a permit for a 10,000 tonne bulk sample. It will take two to three months to get the mine and mill up to 500 TPD production but the startup period is necessary to work out the kinks that we all know will happen.

MX Gold is a lottery ticket. They stole a $100 million mill for pennies, have a small but potentially profitable known resource, first class experienced leadership and expansion potential in a 125-year-old mining camp. With the purchase of the Max mill and mine, they also got a $46 million tax loss meaning for a long time they won’t be paying any income tax.

If the stars align MX Gold has a lot of potential. In May the shares traded for as low as $.125 and have increased 200% since. In May the stock was dirt-cheap. Today the shares are more fully valued. Any increase from here will be based either on higher gold or positive results from the bulk sample and milling.

MX Gold is an advertiser and as such I am biased. I do not own shares. While I haven’t been at the Willa gold mine, I have visited the Max mine and mill before. The company is excellent at communication and the website well designed and informative. Please take some responsibility and do your own due diligence.

MX Gold
MXL-V $.365 (Aug 12, 2016)
MXLGF-OTCQX 141.5 million shares
MX Gold website

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Michael Phelps Might Owe Uncle Sam $9900 per Olympic Gold

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Michael Phelps Might Owe Uncle Sam $9900 per Olympic Gold

By Daniela Cambone of Kitco News

(Kitco News) – Being the greatest athlete of all-time may come at a high price. Michael Phelps might be paying $55,000 in taxes for his five golds and one silver, won during this year’s Olympic Games in Brazil.

According to the organization Americans for Tax Reform, the U.S. Olympic Committee grants its medalists with more than the actual medals. The athletes receive cash prizes — $25,000 for gold, $15,000 for silver, and $10,000 for bronze. But the IRS considers these amounts to be regular income, subject to taxation. “A gold medalist from Team USA could end up facing a tax bill of $9,900 per gold medal, $5,940 per silver medal, and $3,960 per bronze medal,” says the organization. These are the maximum possible tax amounts, and vary widely based on an individual’s tax circumstances and available deductions, the organization stressed.

The medals themselves are also taxed — based on the commodity prices of the metals involved.

According to Victor Hugo Criado Berbert, production manager of the Olympic medals at the Brazilian mint, the medals are only about 1.2% gold. Speaking with Kitco News in July , he said the gold medal is made up of 494 grams of silver and only 6 grams of gold. Nearly 100 grams heavier than the 2012 London Olympic medals, Berbert noted that the 2016 Rio Olympic medals weigh 500 grams each.

At current prices, with gold trading roughly at $43.04 a gram and silver at $0.63 a gram, the gold medal is worth $569.46. The silver medal is worth about $315.

Americans for Tax Reform brought the issue to the public’s attention during the 2012 Olympics. At the time, Sen. Marco Rubio (R-Fla.) introduced The Olympic Tax Elimination Act to protect U.S. athletes from getting taxed. The bill called for IRS code to be changed so that the gross income of U.S. medal winners “shall not include the value of any prize or award won by the taxpayer in athletic competition in the Olympic Games.”  The bill died however.

This year, Sens. John Thune, R-S.D., and Chuck Schumer, D-N.Y., sponsored a similar bill to eliminate taxes on Olympic and Paralympic athletes. The bill passed the Senate in July.

As for Phelps’ medals — it is difficult to put a price tag on the intrinsic value of these exclusive sporting awards, not to mention the potential endorsement and sponsorship deals a lot of the Olympic medalists get post-games – so paying his taxes should not come as a problem. Phelps’ net worth stands at around $55 million, and Forbes puts world-record holder Usain Bolt’s net worth at over $32 million.

By Daniela Cambone of Kitco News; dcambone@kitco.com

https://www.kitco.com/news/2016-08-15/Michael-Phelps-Might-Owe-Uncle-Sam-9-900-per-Olympic-Gold.html  

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

GOLD HAS NOW ENTERED ITS STRONGEST SEASONAL PERIOD

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GOLD HAS NOW ENTERED ITS STRONGEST SEASONAL PERIOD

My analysis indicates that gold will be implemented in order to protect ‘global purchasing power’ and to minimize losses during our upcoming periods of ‘market shock’. It serves as a high-quality, liquid asset to be used whereas selling other assets would cause losses. Central Banks of the world’s largest long-term investment portfolios use gold to mitigate portfolio risk, in this manner, and have been net buyers of gold since 2010.

Investors should make use of golds’ lack of ‘correlation’ with other assets which makes it the best hedge against currency risk.  Last May of 2016, there was a huge trend change in U.S. gold investment as the Swiss exported a record amount of gold to the United States. There has been a huge increase in gold flows into the Global Gold ETFs & Funds.  Something seriously changed, in May of 2016, as the Swiss exported more gold to the U.S. within one month than they have done so over the last year.

gcseasonblack

Gold has a “clear presence” to play in a world dominated
with ‘global economic uncertainty”

Despite the fact that we are in for a period of great financial turmoil, investors can safeguard themselves by investing wisely in gold. Do not be left behind and witness your dollar assets losing their value.

It is in these very conditions that gold (precious metals) is the only investment that will appreciate in value over time.  Gold will continue to perform its’ role as a “safe haven” during these times of crisis which currently appear to be never ending. The metals surge of as much as 8.1% on the day of the “Brexit” vote, last month, is an indicator that its’ luster of safety is undimmed in the current markets. There is little to be gained from arguing whether such beliefs are right or wrong:  Governments, around the globe, have moved to a new stage of desperation by toying with the idea of “helicopter money”.

It is my belief that since “Brexit” occurred, it could unleash a general exodus and the disintegration of the European Union is now almost unavoidable.

The list of prominent Hedge Fund Managers who are investing in gold is growing.  Paul Singer, of Elliott Management Corporation, is the latest name to lend his support. It is likely that more investment institutions will turn to gold as the logical solution to countervail the effects of many years of ‘quantitative easing”.

Gold has been traded for over 5,000 years and for the first time has a positive carry in many parts of the globe as bankers are now experimenting with the absurd notion of negative interest rates. Some regard it as a precious metal while I regard it as a currency!

Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners whilst anticipating weakness in various markets. Investors view gold as a ‘safe haven’, during times of turmoil but they tend to be late to the game as they don’t buy gold until there truly is turmoil and gold will have already appreciated substantially at that point.

gcseason1

“It’s a glaring warning sign of deflation. We’ve never really had deflationary fears throughout such a widespread part of the world before,” said Phil Camporeale, a Multi-Asset Specialist at JPMorgan Asset Management.

The FED is doing everything in its’ power to prevent a rise in the dollar. They are willing to “orchestrate” any scenario so as the stock market will continue to soar and people will feel a “wealth effect” from new stock market highs while the others are experiencing the economy “contracting”. The FED is getting everything it wants, in this regard, and will continue to do so as their number one priority is “debasing” the U.S. Dollar.

As the U.S. Dollar falls from all of the FEDs’ QE, it will lift up gold prices to unprecedentedhighs.

golddollar

Investors of all levels of experience are attracted to gold as a solid, tangible and long-term “store of value” that historically has moved independently of other assets classes.

Golds’ importance, even in today’s environment, was clearly visible during the massive rally at the start of the year, when all other asset classes were tanking. Investors piled into gold on the scare of an imminent global financial reset.

Investors should make use of golds’ lack of ‘correlation’ with other assets which makes it the best hedge against currency risk.

 

Does Gold Continue Its Bull Market Towards $1500.00?

goldseason

 

Conclusion:

The trend for ETFs to pile in to the precious metal sent the price of gold soaring by 25% in H1, the biggest price rise since 1980. For the first time ever, investment, rather than jewelry, was the largest component of gold demand for two consecutive quarters.

There will be another great opportunity in gold, silver and especially miners in the near future which followers of my work will benefit from. Follow my analysis and trades at:www.TheGoldAndOilGuy.com

Chris Vermeulen

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Why the U.S. benefits from global financial crisis

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Why the U.S. benefits from global financial crisis

Let’s turn our attention to the global economy.  Last week the Bank of England said it would buy 60 billion pounds of government debt in order to cushion the economy against the impact of the recent Brexit vote.  England and the European Union are emulating the quantitative easing (QE) policies of the U.S. Federal Reserve but so far without any measurable success.

Meanwhile the Bank of Japan (BoJ) has begun a massive stimulus program which may already be having an effect on Japan’s bond yields.  There has also been talk of Japan initiating a “helicopter money” scheme whereby the BoJ would directly finance fiscal spending.

Indeed, loose money policies in England, China, and Japan are all the talk right now among investors.  The attempts by the ECB, BoJ, and People’s Bank at stimulating their way out of deflation have yet to show appreciable results, but this won’t stop them from trying.

If nothing else, these desperate attempts at re-inflating their economies are providing support for gold, U.S. Treasuries and corporate bonds.  In many countries the interest rate is negative, which means that bond investors are essentially paying the bond issuer to hold their money. As one observer put it, “Negative interest rates were unheard of a few years ago.  Now they are spreading around the world like cancer.”

The yield on the U.S. 10-year Treasury note is only about 1.60 percent (see chart below), but on a relative basis the U.S. is a veritable high-yield paradise in the eyes of yield-hungry investors.  Along with U.S. Treasury and mortgage bonds, safe haven assets such as gold, silver and even U.S. real estate are in high demand.  Gold especially is a fear-driven asset, and with growing uncertainty surrounding the economic outlook for China, Japan, the EU and other countries, gold should continue to benefit in the coming months.

tnx

Although there has been no formal crash in the European markets, euro zone bank stocks have acted as if a financial crash is underway.  Consider the following graph.

stoxx

As shown above, the STOXX index of 47 leading European bank stocks shed nearly 40 percent of its value from May 2015 to May 2016.  Bad loans along with negative interest rates have significantly eroded the banks’ profitability as illustrated in this chart.

Here’s something else to consider: In 2014, IMF chief Christine Lagarde proposed that 10 percent of every saver’s bank account be essentially confiscated as bail-out money, similar to what happened in Cyrus in 2013.  Robert Campbell, in his latest “Campbell Real Estate Timing Letter” (www.RealEstateTiming.com) asks, “If you were a European saver, would you keep your money in a bank savings account knowing that the money could be confiscated if the bank needed capital to keep operating?  Or would you think long and hard about taking your money out of the European banks and investing it in the U.S. – in stocks, bonds, or real estate – where your money is safer?”

Campbell suggests – and quite correctly, IMO – that U.S. financial markets have benefited from capital flight out of Europe and other countries.  “It might seem paradoxical,” he writes, “but the worse the economic situation gets in Europe, the better it could be for U.S. asset prices.”  The experience of the last several months argue strongly for this conclusion.

The Stock Market Cycles

For the summer months only, the book “The Stock Market Cycles” is available at a special discount to readers of this commentary.  The book reveals the key to interpreting long-term stock price movement and economic performance, namely the famous Kress series of yearly cycles. This work was undertaken based on popular demand and was written in a style that casual readers and experts alike can enjoy and understand. The book covers each one of the yearly cycles in the Kress Cycle series, starting with the 2-year cycle and ending with the 120-year Grand Super Cycle.

The book also covers the K Wave and the effects of long-term inflation/deflation that these cycles exert over stock prices and the economy. Each chapter contains illustrations that show exactly how the yearly cycles influenced stock market performance and explains where the peaks and troughs of each cycle are located and how the cycles can predict future market and economic performance.  Order your autographed copy today:

http://www.clifdroke.com/books/Stock_Market.html

Clif Droke is a recognized authority on moving averages and internal momentum. He is the editor of the Momentum Strategies Report newsletter, published since 1997.  He has also authored numerous books covering the fields of economics and financial market analysis.  His latest book is Mastering Moving Averages. For more information visit www.clifdroke.com

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

This Suggests That Silver Will Soon Spike Significantly Higher

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This Suggests That Silver Will Soon Spike Significantly Higher

By Hubert Moolman

The silver price and the US Dollar/South African Rand exchange rate (USD/ZAR) have a very interesting relationship that goes back a long way.

Basically, in the long run, the two move in opposite directions. When the USD/ZAR rate is moving up, then the silver price is moving down, and vice versa. Furthermore, when the USS/ZAR rate is making a top, then a bottom in silver is normally very close (before or after the USD/ZAR peak).

Due to the nature of this relationship, I find that the USD/ZAR chart is often a leading indicator for a silver bottom as well as a silver rally.

Then – It signalled the bottom

Earlier this year, the USD/ZAR chart signalled the fact that the December 2015 low in silver was actually the bottom for the 5-year decline. This, from my February 2016 premium service (in italics):

Below, is a comparison showing the relationship between USD/ZAR peaks and silver bottoms:

gold

 

On the chart (from tradingview.com), I have drawn blue lines at the 2001, 2008 and potential Jan 2016 USD/ZAR peaks. One can see how close to these peaks the 2001, 2008 and potential Dec 2015 silver bottoms were.

Given, the look of the Jan 2016 candlestick; it is likely that the USD/ZAR chart has peaked.

If it has indeed peaked, then there is a very strong likelihood that the December 2015 bottom in silver is actually the bottom since the 2011 peak. It is interesting to note that there is a 7-year interval between the silver bottoms.

Now – it signals a rally similar to that of August 2010 – April 2011

Below is a USD/ZAR chart from 2004 to 2016 (from tradingview.com):

gold2

On the chart, I have marked two significant peaks (October 2008 and January 2016). Silver also made a significant bottom around the same time during both peaks. The USD/ZAR had a significant breakdown in July of 2010 as indicated. This was followed by a significant silver rally that really  took off around the end of August 2010.

The USD/ZAR chart recently had a similar breakdown as indicated. This tells me that silver will soon spike significantly higher. This fractal analysis of a previous article also suggests that silver is close to a significant spike.

For more of this kind of analysis, you are welcome to subscribe to my premium service. I have also recently completed a Gold Mining Fractal Analysis Report as well as a Silver Fractal Analysis Report.

Warm regards,

Hubert

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

MX GOLD CORP–Development work on Bulk Sample Update

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MX GOLD CORP–Development work on Bulk Sample Update

MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: MXLGF)  is pleased to announce the work programs at the Max Mill Site and are proceeding and on budget for the production of the 10,000 tonne bulk by the end of 2016.

At the Max Mill site the company has submitted a Notice to Work application to the Ministry of Energy, Mines and Natural Resources regarding the upgrading of the Max Mill at Trout Lake, British Columbia. The company plans to commence work August 20, 2016 at the Max Mill under the leadership of the recently appointed mine manager, mill superintendent and master millwrights. The work program will entail the complete rehabilitation and upgrading of the Max mill in preparation of receiving the permitted 10,000 tonne bulk sample from the Willa gold, copper and silver deposit.   It is anticipated to take 60-90 days to complete the Max Mill re-fabrication and updating of all systems. The Ministry of Energy, Mines and Natural Resources completed an electrical inspection of the mill and new power generation system on August 05, 2016.

Bert McPherson, President and Chief Operating Officer of MX Gold Corp is now on site and reviewing all operations. Bert stated “I’m pleased with the efforts to date in getting the mill operational within our scheduled budget and time frames”

About MX Gold Corp. 

MX Gold Corp.  is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, BC.  In 2015, MX Gold Corp completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. The Willa mine is located 135 kilometers south of the Max Mill Project site.
On behalf of the Board of Directors,

“Dan Omeniuk”

Chief Executive Officer and Director, MX Gold Corp.
For further information, please contact:

 

SkanderBeg Capital Advisors
604-687-7130
Ext 104 or Ext105

Dan Omeniuk, CEO
Email: dano@trapperstransport.com
Ron Birch
Phone: 250-545-0383
Toll Free: 1-800-910-7711
Fax: 604-926-4232

Or by email to:

info@mxgoldcorp.com

This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the MX Gold Corp, including without limitations the statements regarding mineralization and recoveries from mineral samples on the Willa project, anticipated mineralization, plans and anticipated results of future sampling, production potential. There are numerous risks and uncertainties that could cause actual results and MX Gold’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) the results of the historical testing and current metallurgical testing prove to be inaccurate or not to be indicative of wider mineralization at the Willa project; (ii) risks inherent in the mineral exploration industry in general; (iii) the ability of MX Gold to complete additional testing in the future; and (iv) such other risks and uncertainties which may not be known to MX Gold at this time. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, MX Gold does not intend to update these forward-looking statements.

 

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

 

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