The electric car race seems very complicated. It’s not. For Lucid Motors (NASDAQ:LCID) and its competitors, it’s all about the batteries.
Source: Around the World Photos / Shutterstock.com
Lucid CEO Peter Rawlinson, a former Tesla (NASDAQ:TSLA) executive, knows a lot about batteries. Thanks to his Saudi investors, he’s about to win a contract for the largest battery storage system in the world.
Designing great batteries, and having the supplies with which to make them, is the key to winning the mass market. Batteries are key to eliminating “some of the biggest barriers to entry for consumers: range, recharging times, charging infrastructure, cost,” National Geographic’s Craig Welch reported. Lucid claims its EVs will exceed a range of 500 miles per charge.
The Scaling Problem
In theory, electric cars are very simple. Electric motors have one moving part, which is attached to the driveshaft. Gas-powered cars have hundreds of parts. Most of an electric’s moving parts can be hidden in the wheel wells.
In practice, scaling is not so simple. You don’t get anywhere without scaled production of batteries. Musk realized this. His battery “Gigafactory” in Nevada is the key to his whole operation.
It’s the Batteries, Stupid
But that’s not going to be easy. LG Chem is already supplying other car makers. General Motors (NYSE:GM) blames LG Chem for a $1 billion recall of its Chevy Bolt. Shares of LG Chem lost a quarter of their value in August after problems were found at two of its Asian plants. The shares have since recovered just half the losses.
Those with gray in their hair remember the Democrats’ 1992 slogan, “It’s the economy, stupid.” With electric cars, it’s the batteries, stupid. Rawlinson is glossing over what could be a major problem.
Meanwhile, Lucid Air stock is up 21% since the start of September, mainly on the strength of its reviews. None of the five catalysts our Samuel O’Brient found recently for the stock’s rise involve proof of battery production and supply.
Yet battery production bottlenecks are now seen as the key roadblock to electric vehicle production. It’s not the assembly lines, not the design, not the orders. It’s whether there are going to be enough batteries to supply this demand. My InvestorPlace colleague Tezcan Gecgil has a piece today that offers an investment strategy on QuantumScape (NASDAQ:QS), which is working on developing energy-dense solid-state batteries with high driving range and fast charging times.
Pay attention to recent moves by Tesla to use iron-based batteries for its models. Lithium-iron-phosphate (LFP) batteries use an older, cheaper battery chemistry and are popular in China. TechCrunch reported on Oct. 21. “One major reason why LFP batteries are not seen much outside of China relates to a series of key LFP patents, which have allowed the country to dominate the LFP market,” wrote Aria Alamalhodaei, “But those patents will soon be expiring, and it seems that Tesla has its eye on that timeframe.” That could enable Musk’s battery manufacturing to be done nearer to its car assembly lines.
The Bottom Line
There’s a certain “yadda yadda” in the positive chatter about Lucid Motors. They’re skipping over the key point.
The key point is the battery. Lucid is lined up alongside every other car maker in seeking batteries to power its assembly lines. Many are going with the same supplier, LG Chem, which has had difficulties, and whose stock is down as a result.
If you believe in Lucid, look toward the December spin-off of its battery supplier as LG Energy Solutions. Or dial up your broker and buy Sigma Lithium (NASDAQ:SGML). That’s a Canadian lithium supplier whose stock has quadrupled this year. Sigma claims it can supply LG Energy’s needs for at least six years from a plant in Brazil.
If Sigma can execute on that contract, Lucid should be fine. Just remember. Battery supplies are the gating factor to its growth.
On the date of publication, Dana Blankenhorn held no positions in companies mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Living With Moore’s Law: Past, Present and Future available at the Amazon Kindle store. Write him at [email protected] or tweet him at @danablankenhorn. He writes a Substack newsletter, Facing the Future, which covers technology, markets, and politics.
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The post For Lucid Motors To Win Mass Market, It All Comes Down to the Batteries appeared first on InvestorPlace.
2 Mining Stocks To Watch This Week
Will these mining stocks make your watchlist? At the moment, there are…
The post 2 Mining Stocks To Watch This Week appeared first on Gold Stocks to…
Will these mining stocks make your watchlist?
At the moment, there are concerns about inflation when it comes to mining stocks, and no one knows what impact this will have. However, if there is a significant amount of inflation, it will likely affect most, if not all, mining equities. There are still a lot of mining equities that are rising in value right now. These businesses often do well when the products they seek become more expensive.
Developing an investment strategy can be really useful. While more detailed information is accessible, let’s stick to the basics of mining business tracking. Keeping up with global happenings is crucial when investing in mining firms. This is especially true in 2021 due to the epidemic. Sector news is also important when it comes to investing in these shares. So which mining stocks are performing well right now?
Sandstorm Gold is a gold royalty company that buys gold and other commodities from various mining companies. The companies in question are building or operating mines in varying stages of development. Sandstorm pays for gold streams or royalties in advance and has the right to purchase a portion of the mine’s output for the duration of the mine’s life.
On October 6th, the firm announced that it has increased its credit facility to $350 million. The ESG Revolving Loan includes terms for incentive pricing that are tied to sustainability. Sandstorm will be able to cut borrowing costs by up to 5 basis points if its sustainability goals are satisfied.
Chief Financial Officer of Sandstorm, Erfan Kazemi said, “We’re pleased to announce that Sandstorm is the first royalty company with a credit facility linked to sustainability goals. With this credit agreement, the Company is helping to lead a new era of corporate lending that benefits shareholders while promoting corporate responsibility.” Noting this info, will SAND be on your list of mining stocks to watch?
is a company that specializes in mineral resource exploration, acquisition, development, production, and sale. Gold, silver, lead, zinc, and iron ores are among Eldorado’s key interests. It now operates five mines: Kisladag and Efemcukuru in Turkey, Lamque in Canada, Olympias and Stratoni in Greece.
Eldorado announced the start of a $500 million senior notes offering due in 2029 on August 9th. The money will be used to pay down the company’s $234 million 9.500 percent senior secured second lien notes, which are due in June 2024.
George Burns, President and CEO of Eldorado said, “This transaction provides Eldorado with immediate value for TZ, while also retaining meaningful exposure to future value creation through our equity stake in GMIN.” Based on this information, is EGO stock a contender for your mining stock watchlist in December?
Top Mining Stocks To Buy?
It might be tough to determine which mining stocks are the best to invest in. Because the market is so volatile right now, doing a lot of research before investing is crucial. In December 2021, it will be interesting to see how these equities perform. So, which gold mining stocks will you be monitoring?
The post 2 Mining Stocks To Watch This Week appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.
Nickel, Industrial Metals Rise As Optimism on China Returns
Base metals are on the rise after a series of positive announcements…
Nickel, Industrial Metals Rise As China Property Optimism Returns
Base metals are on the rise after a series of positive announcements over the week has brought new optimism to China’s property sector.
On Thursday, Nickel paced gains by most industrial metals on the London Metal Exchange, rising 2.5%. As shown below, spot prices for Nickel are moving higher as inventories continue to shrink, pointing to mounting supply tightness.
“Nickel now looks to be the new game in town with stocks falling daily,” Malcolm Freeman, a director at Kingdom Futures, wrote in a note. “For now the bullish mood persists and there seems little point in going against it in the very short term.”
As global refined-nickel inventories continue to draw down, prices face volatility, trending toward gains, Huatai Futures Co. wrote in a note.
Earlier this week, iron ore futures trading in Singapore bounced back over $100/ton after reports of Chinese regulators dialing back crackdowns on the property market could soon lift steel demand and improve profitability for steelmakers. There’s also chatter the People’s Bank of China could unleash stimulus amid the economic growth slowdown in the world’s second-largest economy.
“The market has higher expectations for steel production to resume,” Huatai Futures Co. wrote in another note. Property is a leading source of industrial metal demand in the country.
Bloomberg Industrial Metals Subindex (BCOMIN) has broken out to an all-time-highs, surpassing 2007 and 2011 highs.
Positive developments appear on the macro front as the PBoC could be close to easing and Beijing dials back on regulatory crackdowns. Institutional investors are also getting in on the action as China’s high-yield bonds have had a bid this month.
Suppose the Chinese government continues to offer policy support to heal the ailing property market, which it crushed this year through regulatory crackdowns. In that case, this could mean industrial metals will rise some more, adding to inflation.
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?
Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that … Read More
The post Gold Digger:…
Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’.
Gold is an ‘inflation hedge’; an investment that ostensibly protects the buyer from decreased purchasing power of a currency due to rising prices.
Which is happening right now, everywhere.
Any jubilation from gold bugs was short-lived however, with the reappointment of Jerome Powell as chair of the US Federal Reserve sending gold crashing back to $US1,785/oz. Ouch.
Why? The market believes that Powell will begin raising interest rates – the cost to borrow money — sooner than if competitor for the job Lael Brainard had been given the chair. Earlier rate hikes dampen inflation expectations.
Brainard, who was appointed vice chair, will still have significant influence.
Former geologist and experienced stockbroker Guy Le Page says it is clear that the broader market is not convinced that gold’s short to medium term price outlook is positive with Swap Dealer Net positions still in decline.
A ‘swap’ is basically a forward contract or a futures contract, he says.
If the position is net long, then it implies that there are more forward contracts (or calls) betting gold will go up. A net short position is basically selling a call, or a futures contract with a view of buying back after gold has fallen.
“So, in this case, even with gold rising, it appears that the long and short positions were closely balanced with probably slightly more short positions in play — i.e., the majority of positions were betting on a decline in the gold price,” he says.
Le Page still reckons “Jerome ‘money printer’ Powell” is good for gold in the long term.
“Given Powell has the US economy sailing on an easy monetary trajectory straight into the eye of an inflation hurricane (already at 6.2%, a 31-year high), I think his appointment will ultimately be good for gold,” he says.
Hang tight, gold bugs.
Winners & Losers
Here’s how ASX-listed gold & silver stocks are performing:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
>>> Stocks missing from this list? Email [email protected]
|CODE||COMPANY||1 WEEK RETURN %||1 MONTH RETURN %||6 MONTH RETURN %||1 YEAR RETURN %||SHARE PRICE [INTRADAY FRI]||MARKET CAP|
|E2M||E2 Metals||46||49||3||-55||0.35||$ 54,169,636.68|
|WCN||White Cliff Minerals||38||20||20||-44||0.018||$ 8,275,142.38|
|SFM||Santa Fe Minerals||35||50||32||9||0.12||$ 8,738,254.68|
|KNB||Koonenberry Gold||29||0||0.18||$ 12,970,339.90|
|MLS||Metals Australia||25||25||25||25||0.0025||$ 13,096,393.40|
|KWR||Kingwest Resources||24||74||147||47||0.235||$ 50,738,210.25|
|SRN||Surefire Resources||20||-20||-52||-61||0.012||$ 13,251,724.91|
|KRM||Kingsrose Mining||20||55||49||150||0.085||$ 63,510,639.62|
|SMI||Santana Minerals||16||34||191||76||0.335||$ 43,770,305.04|
|BMR||Ballymore Resources||15||-8||0||0||0.23||$ 15,367,787.42|
|WWI||West Wits Mining||15||-16||-56||-51||0.036||$ 58,177,676.13|
|MDI||Middle Island Res||14||0||-5||-65||0.105||$ 12,853,913.31|
|XTC||Xantippe Res||13||13||125||125||0.0045||$ 25,478,527.51|
|SIH||Sihayo Gold Limited||13||-10||-36||-53||0.009||$ 33,169,152.72|
|GSR||Greenstone Resources||11||15||50||-3||0.03||$ 23,405,281.98|
|MKG||Mako Gold||10||10||18||5||0.11||$ 40,135,368.21|
|BBX||BBX Minerals||10||-8||-38||-51||0.165||$ 73,283,436.00|
|SBR||Sabre Resources||10||10||10||-54||0.0055||$ 9,291,225.07|
|MHC||Manhattan Corp||10||0||-15||-62||0.011||$ 15,262,786.93|
|HRN||Horizon Gold||10||-13||-25||-3||0.4||$ 42,676,806.40|
|NWM||Norwest Minerals||9||-1||-15||-11||0.081||$ 15,171,011.10|
|RDT||Red Dirt Metals||9||2||370||131||0.705||$ 182,119,334.93|
|M24||Mamba Exploration||7||5||-6||0.22||$ 8,140,000.00|
|CAZ||Cazaly Resources||7||2||-16||0||0.046||$ 15,891,220.48|
|IDA||Indiana Resources||7||12||-14||-6||0.065||$ 28,239,052.40|
|ARL||Ardea Resources||6||5||9||21||0.5||$ 71,777,793.88|
|AGS||Alliance Resources||6||-13||0||1||0.17||$ 35,362,912.78|
|QML||Qmines Limited||5||3||-1||0.39||$ 21,188,038.56|
|CMM||Capricorn Metals||5||17||68||79||2.99||$ 1,084,994,918.69|
|BNR||Bulletin Res||5||7||18||12||0.08||$ 21,307,663.74|
|VAN||Vango Mining||5||0||-11||-14||0.062||$ 78,116,133.18|
|S2R||S2 Resources||5||139||31||-21||0.21||$ 78,402,468.10|
|OKR||Okapi Resources||4||-17||133||188||0.49||$ 54,885,745.74|
|BTR||Brightstar Resources||4||2||59||-7||0.051||$ 28,967,865.03|
|PGD||Peregrine Gold||4||0||14||0.395||$ 13,271,524.03|
|GBR||Greatbould Resources||4||-20||27||166||0.14||$ 51,799,192.31|
|CDT||Castle Minerals||4||45||81||142||0.029||$ 24,621,650.23|
|SKY||SKY Metals||4||-11||-48||-54||0.088||$ 33,156,945.36|
|VRC||Volt Resources||3||-3||-25||200||0.03||$ 76,785,537.50|
|POL||Polymetals Resources||3||15||0.15||$ 5,911,405.20|
|CYL||Catalyst Metals||3||4||3||-14||2.17||$ 213,648,918.91|
|GML||Gateway Mining||3||-6||-29||-35||0.017||$ 38,089,182.91|
|ADN||Andromeda Metals||3||-5||-17||-40||0.175||$ 397,396,327.36|
|PUR||Pursuit Minerals||3||4||-46||157||0.036||$ 31,858,473.14|
|CY5||Cygnus Gold Limited||3||33||20||-8||0.18||$ 20,953,432.98|
|RML||Resolution Minerals||3||-12||-26||-53||0.0185||$ 12,142,782.08|
|DTR||Dateline Resources||2||-1||19||137||0.089||$ 38,975,926.20|
|SFR||Sandfire Resources||2||9||-6||48||6.17||$ 2,586,985,744.83|
|SVY||Stavely Minerals||2||19||-16||-39||0.525||$ 139,614,376.82|
|MOH||Moho Resources||2||0||-29||-43||0.06||$ 7,546,524.12|
|STK||Strickland Metals||1||-20||184||-17||0.071||$ 96,369,942.36|
|EMR||Emerald Res NL||1||9||18||88||1.1||$ 559,205,969.60|
|NAG||Nagambie Resources||1||8||23||62||0.081||$ 37,494,925.95|
|ZNC||Zenith Minerals||0||-6||-15||104||0.235||$ 76,093,976.43|
|TRM||Truscott Mining Corp||0||-9||3||52||0.032||$ 5,317,954.04|
|PF1||Pathfinder Resources||0||-12||-12||46||0.285||$ 16,467,513.10|
|NMR||Native Mineral Res||0||-3||-11||14||0.25||$ 8,316,366.00|
|AYM||Australia United Min||0||0||11||11||0.01||$ 18,425,774.85|
|SI6||SI6 Metals Limited||0||-15||0||10||0.011||$ 15,709,583.84|
|PKO||Peako Limited||0||9||-38||4||0.025||$ 7,711,352.53|
|AQI||Alicanto Min||0||0||21||4||0.145||$ 55,493,474.47|
|AM7||Arcadia Minerals||0||13||0.22||$ 7,011,000.00|
|AWJ||Auric Mining||0||-7||-18||0.135||$ 7,569,363.20|
|OZM||Ozaurum Resources||0||-9||-19||0.15||$ 8,582,400.00|
|KGM||Kalnorth Gold||0||0||0||0||0.013||$ 11,625,120.78|
|LNY||Laneway Res||0||20||20||0||0.006||$ 23,424,395.60|
|NAE||New Age Exploration||0||0||-31||-4||0.011||$ 15,794,888.01|
|RDN||Raiden Resources||0||-4||4||-8||0.024||$ 34,383,182.60|
|PNX||PNX Metals Limited||0||-7||-13||-13||0.007||$ 23,739,257.82|
|GED||Golden Deeps||0||-8||9||-14||0.012||$ 9,310,217.28|
|MBK||Metal Bank||0||-6||-6||-14||0.009||$ 10,701,614.74|
|KTA||Krakatoa Resources||0||-5||-2||-15||0.057||$ 16,798,465.27|
|DCX||Discovex Res||0||0||-17||-17||0.005||$ 11,558,988.34|
|CGN||Crater Gold Min||0||0||6||-19||0.017||$ 20,867,429.74|
|CTO||Citigold Corp||0||0||-9||-23||0.01||$ 28,336,590.91|
|GUL||Gullewa Limited||0||-1||-8||-24||0.08||$ 15,229,848.00|
|TSC||Twenty Seven Co.||0||-25||-10||-25||0.0045||$ 11,973,662.57|
|WRM||White Rock Min||0||-6||-45||-25||0.31||$ 44,164,389.32|
|ALY||Alchemy Resource||0||0||-17||-26||0.013||$ 12,380,483.57|
|OAU||Ora Gold Limited||0||6||-26||-26||0.016||$ 13,473,523.55|
|BAT||Battery Minerals||0||7||-21||-29||0.015||$ 29,444,835.46|
|SNG||Siren Gold||0||-5||30||-30||0.37||$ 30,296,536.29|
|AAR||Anglo Australian||0||5||-5||-33||0.09||$ 54,848,489.99|
|GWR||GWR Group||0||-32||-56||-34||0.105||$ 31,792,576.52|
|GRL||Godolphin Resources||0||0||-15||-42||0.145||$ 12,196,134.30|
|TRY||Troy Resources||0||0||-21||-56||0.037||$ 30,073,993.35|
|AQX||Alice Queen||0||0||-29||-66||0.01||$ 13,702,230.10|
|DGO||DGO Gold Limited||-1||2||-16||-2||2.95||$ 247,497,890.31|
|PRS||Prospech Limited||-1||-4||-47||0||0.074||$ 4,823,394.37|
|LEX||Lefroy Exploration||-1||-19||-70||73||0.355||$ 47,391,795.78|
|SAU||Southern Gold||-2||-12||-12||-34||0.065||$ 13,866,369.14|
|KAI||Kairos Minerals||-2||-5||-14||-21||0.0285||$ 48,758,894.60|
|TBR||Tribune Res||-2||0||-2||-21||4.95||$ 259,716,981.15|
|GSM||Golden State Mining||-2||-7||-27||-60||0.098||$ 8,308,798.50|
|DTM||Dart Mining NL||-2||-17||-32||-46||0.095||$ 11,826,638.35|
|AMI||Aurelia Metals||-3||-3||-4||-4||0.39||$ 481,841,589.84|
|CWX||Carawine Resources||-3||-12||-25||-28||0.19||$ 25,861,303.37|
|AAU||Antilles Gold||-3||-6||9||29||0.074||$ 22,496,367.11|
|PRX||Prodigy Gold NL||-3||3||-31||-32||0.036||$ 20,974,593.82|
|PAK||Pacific American Hld||-3||3||-6||-22||0.0175||$ 8,123,915.83|
|TBA||Tombola Gold||-3||-21||-30||-15||0.033||$ 23,948,903.55|
|PUA||Peak Minerals||-3||-13||-13||-28||0.0165||$ 14,276,841.92|
|PNR||Pantoro Limited||-3||52||31||64||0.32||$ 479,229,557.32|
|KCN||Kingsgate Consolid.||-3||-13||55||112||1.42||$ 312,061,838.73|
|BCN||Beacon Minerals||-3||-2||-13||-3||0.0315||$ 113,124,689.75|
|EM2||Eagle Mountain||-3||-21||-44||72||0.575||$ 126,281,421.20|
|MAT||Matsa Resources||-4||-8||-31||-53||0.054||$ 20,772,967.96|
|AUT||Auteco Minerals||-4||-6||-21||-17||0.076||$ 129,989,778.07|
|AZS||Azure Minerals||-4||4||47||-54||0.375||$ 117,699,573.98|
|HAW||Hawthorn Resources||-4||92||100||-4||0.096||$ 36,686,717.43|
|OBM||Ora Banda Mining||-4||-23||-65||-74||0.075||$ 74,041,062.38|
|WMC||Wiluna Mining Corp||-4||6||-1||-20||1.1025||$ 174,938,014.23|
|TAM||Tanami Gold NL||-4||-3||-4||-5||0.069||$ 81,081,696.17|
|TNR||Torian Resources||-4||-18||-47||-32||0.023||$ 25,019,529.08|
|DEG||De Grey Mining||-4||9||-21||28||1.24||$ 1,758,029,406.25|
|MEU||Marmota Limited||-4||-2||-2||5||0.043||$ 43,123,577.90|
|BDC||Bardoc Gold||-4||-7||-12||-12||0.064||$ 111,152,472.06|
|ARV||Artemis Resources||-4||-15||42||-29||0.085||$ 105,419,802.68|
|A1G||African Gold .||-5||-2||-11||62||0.205||$ 24,376,617.24|
|KAU||Kaiser Reef||-5||-7||-31||-49||0.205||$ 26,320,453.51|
|AWV||Anova Metals||-5||-17||0||-26||0.02||$ 28,661,884.00|
|ZAG||Zuleika Gold||-5||-9||-47||-67||0.02||$ 9,432,147.58|
|TSO||Tesoro Resources||-5||-25||-54||-72||0.079||$ 43,608,543.52|
|FML||Focus Minerals||-5||4||2||-18||0.295||$ 53,910,826.68|
|RND||Rand Mining||-5||-7||-2||-26||1.455||$ 82,754,523.26|
|AOP||Apollo Consolidated||-5||5||102||119||0.625||$ 183,720,971.70|
|VKA||Viking Mines||-5||-5||-34||4||0.019||$ 19,403,910.19|
|ERM||Emmerson Resources||-5||10||-5||0||0.076||$ 37,866,125.16|
|IVR||Investigator Res||-5||-3||-17||32||0.074||$ 97,972,048.92|
|TRN||Torrens Mining||-5||-19||-14||0.1375||$ 10,449,740.70|
|NML||Navarre Minerals||-5||-20||-42||-61||0.073||$ 89,108,006.70|
|TLM||Talisman Mining||-5||24||-20||50||0.18||$ 32,854,411.98|
|RED||Red 5 Limited||-5||0||69||20||0.27||$ 647,999,179.30|
|GMN||Gold Mountain||-5||-14||-55||-53||0.018||$ 19,262,685.06|
|MKR||Manuka Resources.||-5||-9||-7||-18||0.355||$ 36,029,327.37|
|STN||Saturn Metals||-5||22||30||-25||0.52||$ 61,064,555.40|
|MEI||Meteoric Resources||-6||-23||-72||-72||0.017||$ 25,590,101.93|
|TMZ||Thomson Res||-6||-25||-50||-17||0.067||$ 38,325,040.39|
|AUC||Ausgold Limited||-6||4||0||-4||0.048||$ 74,511,428.43|
|ARN||Aldoro Resources||-6||6||45||203||0.47||$ 40,455,683.00|
|CBY||Canterbury Resources||-6||-4||0||-3||0.094||$ 11,298,661.82|
|G88||Golden Mile Res||-6||-6||-20||-11||0.047||$ 7,866,843.09|
|MVL||Marvel Gold Limited||-6||10||47||37||0.078||$ 40,498,363.75|
|MAU||Magnetic Resources||-6||-6||8||36||1.56||$ 331,623,704.80|
|CAI||Calidus Resources||-6||2||49||16||0.61||$ 252,061,958.61|
|RDS||Redstone Resources||-6||15||-12||7||0.015||$ 10,784,985.95|
|THR||Thor Mining PLC||-6||-17||-12||-21||0.015||$ 9,354,185.78|
|OKU||Oklo Resources||-6||11||11||-23||0.15||$ 75,604,471.80|
|BRV||Big River Gold||-6||-6||-44||-44||0.225||$ 52,666,188.48|
|RXL||Rox Resources||-6||-1||-29||-50||0.375||$ 59,102,855.25|
|AGG||AngloGold Ashanti||-6||3||-19||-7||5.31||$ 496,887,251.05|
|ENR||Encounter Resources||-6||-27||-18||-8||0.145||$ 49,097,261.07|
|SVL||Silver Mines Limited||-7||-2||-25||16||0.215||$ 271,284,750.03|
|TIE||Tietto Minerals||-7||-5||20||12||0.415||$ 194,826,244.62|
|MRZ||Mont Royal Resources||-7||-14||6||6||0.345||$ 12,878,083.10|
|CHN||Chalice Mining||-7||37||16||151||9.47||$ 3,340,466,037.40|
|CXU||Cauldron Energy||-7||-4||-33||-18||0.027||$ 13,264,928.01|
|CLA||Celsius Resource||-7||-7||-36||-31||0.027||$ 27,227,930.11|
|MXR||Maximus Resources||-7||-27||-23||-52||0.065||$ 21,615,026.18|
|BMO||Bastion Minerals||-7||-4||31||0.255||$ 17,592,043.70|
|WGX||Westgold Resources.||-7||0||-9||-5||2.03||$ 880,777,063.62|
|GSN||Great Southern||-7||-11||17||-17||0.063||$ 31,859,126.46|
|NST||Northern Star||-7||1||-14||-22||9.71||$ 11,401,543,638.21|
|HCH||Hot Chili||-8||-17||15||-16||2.07||$ 179,476,372.50|
|PNM||Pacific Nickel Mines||-8||-19||87||76||0.097||$ 23,277,264.71|
|MML||Medusa Mining||-8||6||-2||11||0.785||$ 163,180,541.29|
|GBZ||GBM Rsources||-8||-14||-8||-14||0.12||$ 60,817,116.84|
|MZZ||Matador Mining||-8||-13||-10||9||0.355||$ 77,244,838.92|
|MTH||Mithril Resources||-8||17||9||-30||0.0175||$ 43,863,961.70|
|KZR||Kalamazoo Resources||-8||-8||-21||-38||0.35||$ 47,107,001.90|
|EMU||EMU NL||-8||-23||-47||-49||0.023||$ 12,645,733.13|
|BC8||Black Cat Syndicate||-8||-2||-23||-12||0.57||$ 80,260,452.27|
|RVR||Red River Resources||-8||-12||-10||-25||0.1975||$ 103,692,897.60|
|ADT||Adriatic Metals||-8||-10||1||18||2.57||$ 619,039,995.98|
|EVN||Evolution Mining||-8||6||-23||-17||4.035||$ 7,441,733,330.64|
|DRE||Drednought Resources||-8||7||76||100||0.044||$ 127,433,795.49|
|RMX||Red Mount Min||-8||10||22||-8||0.011||$ 14,644,583.02|
|FAU||First Au||-8||-8||-45||-42||0.011||$ 7,682,859.40|
|DEX||Duke Exploration||-9||13||-46||-36||0.215||$ 18,944,341.92|
|AME||Alto Metals Limited||-9||5||15||5||0.105||$ 53,649,042.51|
|SLZ||Sultan Resources||-9||-21||-43||-34||0.155||$ 11,125,502.24|
|GIB||Gibb River Diamonds||-9||-4||8||-41||0.082||$ 17,766,793.38|
|ICL||Iceni Gold||-9||-22||0||0.2||$ 23,357,098.64|
|WAF||West African Res||-9||-5||23||62||1.33||$ 1,281,347,746.90|
|TG1||Techgen Metals||-9||-7||-13||0.195||$ 7,513,113.08|
|CDR||Codrus Minerals||-9||4||0.145||$ 6,000,000.00|
|RMS||Ramelius Resources||-10||0||-16||-4||1.6275||$ 1,403,263,745.81|
|AAJ||Aruma Resources||-10||-23||19||-24||0.074||$ 9,321,151.22|
|SPQ||Superior Resources||-10||38||64||29||0.018||$ 26,147,311.40|
|KSN||Kingston Resources||-10||-10||-20||-29||0.18||$ 62,423,297.48|
|CHZ||Chesser Resources||-10||-7||-4||-40||0.135||$ 67,496,938.13|
|IPT||Impact Minerals||-10||-4||-16||-41||0.0135||$ 28,333,128.87|
|GMR||Golden Rim Resources||-10||0||-45||-45||0.09||$ 22,022,233.65|
|MCT||Metalicity Limited||-10||-10||-31||-47||0.009||$ 19,293,943.79|
|BYH||Bryah Resources||-10||2||-28||-24||0.053||$ 12,667,601.80|
|ANX||Anax Metals||-10||-21||-11||21||0.087||$ 32,917,285.66|
|CEL||Challenger Exp||-10||7||7||58||0.3||$ 306,942,433.88|
|GOR||Gold Road Res||-11||10||-2||28||1.485||$ 1,327,109,061.71|
|YRL||Yandal Resources||-11||-5||-39||-13||0.39||$ 40,204,372.65|
|RRL||Regis Resources||-11||-17||-25||-47||1.9||$ 1,456,718,255.14|
|DCN||Dacian Gold||-11||-18||-33||-39||0.205||$ 203,160,300.84|
|MM8||Medallion Metals.||-11||-9||-30||0.2||$ 15,789,166.77|
|DDD||3D Resources Limited||-11||0||-20||-3||0.004||$ 15,521,488.37|
|TMX||Terrain Minerals||-11||0||-27||-27||0.008||$ 5,886,088.07|
|SLR||Silver Lake Resource||-11||1||-15||-1||1.67||$ 1,491,892,753.71|
|ASO||Aston Minerals||-12||-8||-28||174||0.115||$ 104,961,717.19|
|ALK||Alkane Resources||-12||-6||1||-12||0.84||$ 497,312,155.70|
|MGV||Musgrave Minerals||-12||-9||-23||-12||0.34||$ 185,324,667.41|
|SBM||St Barbara Limited||-12||-11||-26||-44||1.395||$ 982,694,962.87|
|VMC||Venus Metals Cor||-12||-3||-3||-14||0.18||$ 27,194,162.94|
|GNM||Great Northern||-13||-22||-56||-59||0.007||$ 9,672,407.81|
|AL8||Alderan Resource||-13||-20||-41||-64||0.035||$ 15,320,378.88|
|TTM||Titan Minerals||-13||-17||-17||-9||0.096||$ 133,566,095.81|
|NES||Nelson Resources.||-13||-21||-47||-45||0.034||$ 6,800,226.83|
|MRR||Minrex Resources||-13||0||-17||-17||0.02||$ 12,272,128.16|
|GTR||Gti Resources||-13||-21||22||56||0.026||$ 29,348,311.93|
|LCL||Los Cerros Limited||-13||-4||-21||8||0.13||$ 82,721,126.15|
|TAR||Taruga Minerals||-14||-10||-50||-1||0.0415||$ 23,042,700.27|
|NXM||Nexus Minerals||-14||12||467||304||0.505||$ 142,538,229.41|
|LCY||Legacy Iron Ore||-14||85||71||300||0.024||$ 153,713,724.41|
|TCG||Turaco Gold Limited||-14||-20||33||100||0.12||$ 42,370,833.88|
|AVW||Avira Resources||-14||0||0||-33||0.006||$ 10,312,740.00|
|HXG||Hexagon Energy||-14||-5||-14||34||0.083||$ 39,695,230.60|
|PDI||Predictive Disc||-15||27||180||305||0.235||$ 327,375,026.88|
|LRL||Labyrinth Resources||-15||11||-25||67||0.04||$ 36,521,570.36|
|CST||Castile Resources||-16||-29||-31||-24||0.185||$ 37,944,922.99|
|HMX||Hammer Metals||-16||-33||-57||17||0.042||$ 37,420,752.66|
|RSG||Resolute Mining||-16||-16||-39||-52||0.365||$ 413,974,320.00|
|NVA||Nova Minerals||-16||-16||-4||-37||0.13||$ 234,264,882.41|
|KCC||Kincora Copper||-17||-11||-62||0.125||$ 8,808,434.28|
|REZ||Resourc & En Grp||-17||-2||55||-10||0.045||$ 23,490,872.08|
|BGL||Bellevue Gold||-17||-6||-14||-31||0.8075||$ 844,713,273.16|
|BRB||Breaker Res NL||-17||5||89||100||0.34||$ 123,819,553.02|
|DLC||Delecta Limited||-19||-13||117||86||0.013||$ 16,868,721.87|
|ICG||Inca Minerals||-19||-19||-34||75||0.105||$ 47,613,546.78|
|A8G||Australasian Gold||-20||-10||200||0.51||$ 19,389,394.53|
|AXE||Archer Materials||-24||-20||59||135||1.21||$ 317,995,361.00|
|ANL||Amani Gold||-25||-25||50||50||0.0015||$ 36,851,128.21|
|NPM||Newpeak Metals||-33||0||-60||-67||0.001||$ 7,424,685.10|
Weekly Small Cap Standouts
KNB’s main game is its namesake project in NSW, where a soil sampling program has uncovered a new 1.8km long target called ‘Vegas’.
There has been no previous exploration at Vegas, the company says.
KNB intends to initially follow up with more soils to close the current gaps and define the geometry in readiness for drilling.
Mini-bulk rock chip samples were collected from this area, and concentrates are currently being assayed, with results due in early December.
“The portfolio of geochemical targets is expanding, and we continue to delineate multiple targets for further work and build more information to feed into the geological model to help us design the drill programme due to start in the next quarter,” KNB chief exec Karen O’Neill says.
The stock had a cash balance of $7.5m at the end of September.
In mid-September it announced a gold discovery under a WA Salt Lake called ‘Goongarrie’.
Exploring for gold underneath salt lakes is tough, which is probably why so many remain underexplored — regardless of how prospective they are.
That’s because the lake sediments have been washed around over time, making early-stage soil sampling to help find mineralised anomalies redundant. That makes it hard to dial in on a potential discovery.
The high-grade Invincible gold deposit, which forms the backbone of Gold Fields’ St Ives camp near Kalgoorlie, almost went undiscovered due to the low tenor gold results and small geochemical footprint.
In other words, you either hit something with drilling, or you don’t.
That is why early results like 3m @ 6.5g/t gold and 3m @ 4.1g/t gold from Kingwest’s ‘Sir Laurence’ prospect are so important.
Subsequent results have also been exciting, with 29 of the 80 holes drilled so far hitting significant gold up to 800m away from the discovery line.
Highlights from this shallow, early-stage drilling include 28m @ 1.9g/t gold from 20m (16m in bedrock) and 8m @ 2.2g/t Au from 12m in.
“These excellent results including 28m @ 1.9g/t Au from 20m in follow up drilling at Sir Laurence, are very significant in that they are 800m south of, and along strike of, the discovery Line 5 but mineralisation is at a much shallower depth and includes bedrock mineralisation,” CEO Ed Turner says.
“Significant bedrock mineralisation has also been intersected on Lines B and C.
“This reinforces our interpretation of Sir Laurence as having the potential to be a large mineralised system.
“Line A is the first line of drilling within the current program, and we eagerly anticipate results from all of the remaining drill holes within the Sir Laurence Prospect.”
1,000m of deeper diamond drilling at Sir Laurence will kick off within the next two weeks, while a 2,000m aircore program focussing on Lake Goongarrie targets outside Sir Laurence is imminent.
The post Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out? appeared first on Stockhead.
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