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For Lucid Motors To Win Mass Market, It All Comes Down to the Batteries

The electric car race seems very complicated. It’s not. For Lucid Motors (NASDAQ:LCID) and its competitors, it’s all about the batteries.
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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.

The question is whether he can make them. Lithium is already in short supply. Prices for lithium carbonate, a key ingredient in modern batteries, are at record highs.

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

Now that Lucid is starting to make its luxury Lucid Air sedan, and getting great reviews, it must scale that production.

This won’t be easy. Elon Musk wears the scars of scaling. I warned about this back in 2018. Musk heeded the warnings, solved the problems, and rode Tesla to glory.

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

Lucid is depending on LG Chem for its batteries. If the Korean company can deliver, Lucid can meet its ambitious 2023 production target of nearly 1,000 cars per week.

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.

The GM problem was fixed in September. But a shortage of batteries could be a bigger problem for car makers than the chip shortage.

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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Economics

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 Ltd. (NYSE: SAND)

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?

Eldorado Gold Corporation (NYSE: EGO)

Eldorado Gold Corporation 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.











eldorado gold corporation

Author: Jason Todd

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Economics

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. 

Tyler Durden Thu, 11/25/2021 – 22:45

Author: Tyler Durden

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Articles

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.

Figure 3: Gold EFT inflows (Source: Bloomberg, November 2021)

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.

USD (dark) and AUD (light) gold prices over the past 12 months. Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

 

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
MEG Megado 10 0 -39 -41 0.1 $ 4,304,879.80
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
FG1 Flynngold 9 27 0.19 $ 12,052,849.50
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
BGD Bartongoldholdings 5 24 0.21 $ 18,455,599.14
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
ADV Ardiden 4 14 14 -40 0.0125 $ 25,840,024.27
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
HRZ Horizon 4 8 17 27 0.14 $ 79,516,528.00
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
M2R Miramar 3 5 5 -29 0.205 $ 10,212,079.10
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
BNZ Benzmining 0 -9 -10 0.6725 $ 34,440,673.91
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
SMS Starmineralslimited 0 0.175 $ 4,593,750.00
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
G50 Gold50Limited 0 13 0.27 $ 14,089,040.28
LM8 Lunnonmetalslimited 0 -9 0.36 $ 27,193,055.38
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
NSM Northstaw -3 7 -9 -28 0.32 $ 12,840,640.00
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
XAM Xanadu Mines -4 0 -55 -27 0.027 $ 36,512,094.75
MAT Matsa Resources -4 -8 -31 -53 0.054 $ 20,772,967.96
FFX Firefinch -4 7 72 368 0.655 $ 605,217,980.90
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
NCM Newcrest Mining -4 -5 -15 -9 24.01 $ 19,688,253,175.97
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
RGL Riversgold -5 -20 -52 -51 0.02 $ 8,080,843.92
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
SSR SSR Mining Inc. -6 18 6 7 25.38 $ 524,736,215.08
HMG Hamelingoldlimited -6 0.16 $ 18,150,000.00
HMG Hamelingoldlimited -6 0.16 $ 18,150,000.00
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
MTC Metalstech -7 -36 149 74 0.27 $ 42,499,470.45
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
KLA Kirkland Lake Gold -7 -7 2 2 56.78 $ 56,870,000.00
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
CPM Coopermetalslimited -8 0.185 $ 5,268,900.00
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
KAL Kalgoorliegoldmining -9 0.16 $ 11,589,536.00
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
PRU Perseus Mining -9 1 22 53 1.675 $ 2,067,696,475.45
AGC AGC -9 -17 -38 0.1 $ 6,772,728.40
AGC AGC -9 -17 -38 0.1 $ 6,772,728.40
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
LYN Lycaonresources -10 0.45 $ 12,015,000.00
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
BEZ Besragoldinc -10 -16 0.13 $ 22,340,494.80
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

KOONENBERRY GOLD (ASX:KNB)

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.

 

KINGWEST RESOURCES (ASX:KWR)

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.





Author: Reuben Adams

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