Metals Nobody Wants

TCR NETWORK: Immunovaccine Stands Up To Cancer, & Stock Gets Legs — For Your Eyes Only On Monday

Sally Home?

A ​Double Shotgun House, pictured here on a bike tour of New Orleans‘ outer Garden District, is an economic flat of rooms, one behind another, with another similar home sharing a wall.


You shoot a shotgun from the front door and the blast goes through the entire house and out the back door.

Dana Samuelson’s Charting Hand
Two Uranium Guys
Lucky Lawrence of Metallis
Historic Home in Garden District
Robert Allen, at rIght — Colombia Property Developer​ These cheap flats were big in the 1860s through 1930s. Come to think of it, they still are.

I was hoping I would not be able to shoot a shotgun blast through the aisles at this year’s New Orleans Investment Conference. In a market where blue-chip stocks and bitcoins are stealing thunder from gold and other natural resources, I am pleased for that on the totem pole. Decent crowds.

The usually big days at New Orleans’ alt.investment conference for energy, metals and related companies are Friday and Saturday. And they mostly were.

The number of companies at the conference is in my estimate greater than it was in 2016; I’d say about 80 to 85. [I count on my own and try not to rely on staff, including Brien Lundin, who stages the investment show each year.]

Tours of the floor by newsletter writers (including me) were brisk and lively — folks from Alabama, Florida, Bermuda, Texas, California, all over Canada, parts of the UK, Ireland. No Russians.

My own sessions went well; although my evening workshop was light on attendance but heavy on revelations from two of my guests: John-Mark Staude of Riverside Resources and Peter Dasler of CanAlaska Uranium.

Those two CEOs of what they call project-generating companies see some meaningful mineral assays and other results coming from respective projects in northern Mexico for Riverside and in and around Athabasca Basin for CanAlaska.

Would that investors in Q4 2017 cared about natural resources of any stripe.

“Look at what gold coins and stocks are competing with,” says Dana Samuelson, a coin dealer from Texas (more below). “You got blue-chip stocks, corporate bonds, crypto-currencies, technology … why would anyone want to buy gold, right?” 

Other moments:

​That in one snap here is Lawrence Roulston, a longtime Canada writer and capital markets adviser/investor in one of the very few natural resource equities worldwide with a gaining stock this autumn: Metallis Resources.​ Metallis has Kirkham Project (gold, copper, nickel) in British Columbia’s so-called Golden Triangle near the town of Stewart.


Mr. Roulston (standing at booth) says that while his company’s stock is benefiting from proximity to Garibaldi‘s nickel deposit (that is getting headlines), “we think the nickel is a side show. We’re just as thrilled and more about the gold-copper drilling we are going to do.” Yeah, well, the rest of folks out there are buying Metallis because of its proximity to Garibaldi.


Metallis shares in Canada are up perhaps 10 times in value since I chatted about Kirkham with him in May. I do not own the shares. Still a small market cap of about $30 million USD.

​New Orleans in good weather is a great city for biking and walking. That’s why the 600 or so folks here are impressive; they could be playing outdoors. This weekend is the Voodoo music festival here. The Killers, Kendrick Lamar, Foo Fighters and others in the line-up.​ I hope they honor the earliest rock-n-roller, Fats Domino, who died here in his home town on Tuesday at age 89.

Also here is Bob (Robert) Allen of Grupo de Bullet above. His Bullet properties supplied acreage to many Colombia explorers; Continental Gold’s Buritica is best known. Continental, Red Eagle Mining (production challenges right now), many others made their early marks in the nation’s Antioquia gold belt with Mr. Allen’s properties​.


I spent time with Peter Dasler of CanAlaska Uranium and his real-time zen master of articles, graphs and real-time stats on uranium prices, supply, demand, nukes and CanAlaska’s holdings across Canada’s Athabasca Basin: uranium quant John Gomez. CanAlaska is one of maybe three buried metals stocks I am buying this week (how cheap can it go this tax-selling Q4?), thus adding to my CVV (Canada ticker) stake.
Totally counter-intuitive, I know. Zag when the world is zigging, I guess.


Uranium prices are not just in the gutter, they are flushed down les toilettes. Peter reminded me that CVV has only 27 million shares out. A near-radioactive feat these days, when natural resources execs must use their stocks to raise money constantly.
I made a usable profit 15 months ago with CVV, and I hope to again. The New Zealander transplanted to Canada promises we’ll see fresh data really soon from at least one of several partnered exploration projects in Athabasca’s uranium zone.


Riverside, the mostly Mexico gold and copper grass-roots prep-co, has a share count that is fewer than 40 million. Its stock, like nearly all small and mid-sized properties that prepare swaths of potentially mineralized land using their partners’ monies, is suffering beyond (my) belief.
Dana Samuelson, whose American Gold Exchange from Austin, Texas, was selling gold coins to a heck of a lot of Canadians here in New Orleans, points out to me why (please, please) in his charting, the price of gold, and the depressed premiums of the coins he sells, are ready to turn higher after three or so years of lateral attitude.
Dana has points to make about how everything in the world looks more attractive right now than gold/silver/precious metals: rock n’roll festival tickets for instance. Drones? Teslas? Emerging markets. ETFs? Robo-cap (inhuman) fund managers. Biomedical stocks.


“The premiums on some of the vintage gold coins we follow (Liberty 1899 $20 piece, for instance) are disappearing.” The only reason not to buy them right now, says Dana, “is because you think you are going to make more money trading the crypto-currencies.” That is Mr. Samuelson talking to me over a booth full of gold coins in the feature snap here.

Much more to come. As I said, I am buying more CanAlaska, more coins, shares of tiny unknown gold-explorers (Argo Gold — Judy Baker, is one); and looking, after hearing this weekend from geologist-CEO Rick Van N., to add again to my Trilogy Metals before the Alaska copper and gold developer releases more results next week from its Bornite project. TMQ on the NYSE American and also in Canada.
That IMV (Canada ticker) cancer note will be in our subscribers’ caches by Monday morning. That’s one lab standing up to cancer. Go Dodgers.

— Thom Calandra

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Thom Calandra & TCR are researchers and investors. Research and material they offer to subscribers are meant as editorial opinion.