CACHE I: For The Calandra Report subscribers. Cream of
the BEAVER CREEK SUMMIT crop ... and a few untouchables
(hoi-polloi*) that are likely to suffer devastating
end-of-year selling, maybe court-protection
filings and-or wave-the-white-flag equity offerings.*
A.S.A.P. BUYS: EMX | LAM | BYN | AZM | OSI | CVV
Untouchables: Tudor Gold | Goldshore Resources | Guanajuato Silver *
More to come: Marc Henderson’s Uranium Outlay | EMX’s $ Thriller
IMMEDIATE: I added standout EMX Royalty EMX this week (a years-long holding) after hearing in a Rocky Mountain setting Dave Cole’s intimation (see video about Hardshell NSR at Nevada’s Peake) of a small dividend soon … and digesting the approx. $30 million yearly and growing of roy-co revenue coming in the door. Beaver Creek Precious Metals (& Energy) Summit,
Photos: Pick them out: Marc Henderson, Quinton Hennigh, Dave Cole, George Salamis, Luke Alexander & Mal Karwowska, Tara Christie & Jasmine Sangria, Jonathan Rosset & Jean-Marc Lulin, Heye Daun, Carl Pescio & Brent Cook, Scott Close, Joan & Kit Mars, Lisa Farynowski
Other immediate buys that I completed this week, or will Monday, Sept. 18 2023, some added to our holdings here at home and a select few bought for the first time:
First time: Laramide Resources LAM — I am as we know in and out of uranium. Had I just stayed in for a few years here, with producers such as Cameco, select explorers and physical trusts (Yellow Cake, Sprott), I would now be the smiling owner of … well, let’s not go there. You soon shall receive notes from a private discussion I had here with Laramide’s Marc Henderson, pictured alongside a collection of snapshots at the Summit (record registrations and attendance of approx. 1,300).
Laramide is developing America and Australia projects, specifically New Mexico, Utah, and down under in Queensland.
Marc, on the horn from Toronto and in person, has been detailing to me the be-all and end-all of BIG-PIC URANIUM DEVELOPMENTS days, weeks and months before WSJ, Sprott and other speak-easy media have.
For one, at the World Nuclear Association gathering in London a week-and-a-half ago, a show that each year draws uranium-developers-producers-roy-cos, plus electricity utilities and service providers the world over, and large UAE and Saudi interests, Kazakh producers, North America spec-developers and mid-sized to large U.S. and Canada producers, oh, and Africa up-and-comers, Marc Henderson, an annual attendee, as are many of his industry’s execs, noted to me:
“Electric utilities have finally (and pretty universally) acknowledged “he market has hanged to a tight seller’s market and that we could also be at the sort of market inflection point we saw post Cigar Lake Flood (Canada) news in 2006. This is a dramatic turn of events from only 2 years ago. All stages of the fuel cycle are tight. Spot market is drum tight.” He said plenty more that cut to the quick, and you can see it in Cache II of this The Calandra Report/TCR.
Marc owns 10% of Laramide’s stock, a uranium equity that is up 40% or so from 2 or so years ago — yet below all-time recent highs and trailing several outpacing and worthy explorers for the U-308 fuel that heats nuclear rods.
[My private discussion with Marc of Laramide, and why I am entering the shares, is coming in the next update for subscribers.]
Marc’s public outlay in the Beaver Creek webcast, is a 15-minute primer on nuclear politics, jurisdictions, ETF ownership, in-situ water extraction and the U.S. Nuclear Regulatory Commission, among other facets of the industry. Superb.Marc, by the way, is referencing in his video presentation “BILL,” who is William Sheriff, founder of enCore Energy’s well marketed Texas-South Dakota-Wyoming uranium project developer (and a top market-performing non-producer, thanks to “Bill’s” ‘Hollywood’ rollout of his “uranium expert” status and enCore’s proclamation as in-situ baking-soda, alkaline processor and AMERICA’s CLEAN ENERGY COMPANY).
Bill’s public webcast here at the show also is worth your 15 minutes. EnCore shares a license with Laramide in New Mexico. GEO-CEO Bill tells me this afternoon, a few minutes ago, “We will be in commercial production within a matter of weeks, and 2nd plant up and running Q1 2024.”
Other immediate purchases:
- Back in: Speaking of uranium, for perhaps 7 years I have been in and out of CanAlaska Uranium CVV CVVUF. Always on the exit with a profit. Now, with uranium spot and contract prices notching their highest prices since 2011 (at approx. $60 per pound), Cameco and Athabasca Basin geologist Cory Belyk has been running CanAlaska. In my book, CVV is perhaps the cheapest of all genuine Canada uranium explorers and vendors of Basin and the region’s properties.
- EMX Royalty EMX as noted, added as soon as I finished getting the download from Dave Cole regarding looming developments in a portfolio and with a geologic-technical team that is well above the 250-mark in generated (organic) NSRs (net-smelter returns) and outright purchases — gold, copper, nickel, silver, cobalt, etc. EMX covers all the geographic and metallic bases, it seems, except for The Bronx and silicon, possibly. It is my third-longest holding after Ivanhoe Mines IVN IVPAF and Xtra-Gold XTG XTGRF, those two in Africa.
- Banyan Gold BYN BYAGF: I go to Misha and Jessica Levental’s Beaver Creek Precious Metals (& Energy) Summit, (and the Denver Gold Show — but bummed to have to skip this one next week) to log revealing data and context that investors, industry execs and even institutions such as ABC-XYZ, decline to value fairly. Tara Christie of Banyan Gold BYN, whose shares, (which I was fortunate to purchase at some Yukon-frozen-yogurt price years ago), I just fortified in the portfolio. Her download to me the other morning got the approval of a mining engineer I brought to the 1-to-1 (well, 2-to-2). See: social media post. Expect Banyan shares, and several others such as EMX, Orford Mining ORM, others, to survive tax-loss selling this year. We will see startling, powerline developments from trounced (shares) Banyan — and when? Well, as Dalai Lama often says when queried, “I don’t know.”
- Contango Ore CTGO: The two-part Alaska (looming) gold producer and mine developer is one I have owned for approx. 2 years I believe, and fortunate to sell some of the NYSE-AMEX traded CTGO at extreme profits, before a financing took the stock for a loop. Just added again at reasonable prices ($18.80 USD). Rick Van Nieuwenhuyse provided me with metrics and a compelling Fort Knox scenario likely to put the shares well above their low-slung price.
Other immediate buys and fuller downloads from the cream. of the crop will be update from Beaver Creek this weekend.
[Kindly do not give out this report as it is protected thomcalandra.com viewing the next 4 days, Updates will include links to The Calandra Report/TCR standout Precious Metals Summit audience webcasts by individual execs, geos and a rare. believable fund manager or two.]
These low-priced, well regarded titles’ operators include Dave Christie at Québec’s Orford Mining ORM; Jean-Marc Lulin, who turned heads at the show with a $9 million-plus four-slice financing that was completed a half-hour after its announcement — all for Québec gold, copper and lithium assets (James Bay, Canada) developed, owned or partnered by his predictive modeler Azimut Exploration; Heye Daun of Osino Resources OSI, whose Namibia Twin Hills project that soon will see multi-layered financing that might make this company an early 2024 takeover candidate. Others — this weekend, with proofs in the puddings.
* The hoi-polloi? Among the untouchables: possibly Ontario gold project groomer Goldshore Resources GSHR, jury is out; Tudor-Gold TUD with an MIA economic study for a ‘Golden Triangle’ Goldstorm resource (see earlier TCR please) that investors have been waiting on since Grant-Took Richmond; and Guanajuato Silver GSVR, operator of Mexico mines and assets that could have as much ‘hair’ on them as Sasquatch … and whose financial statements look average on paper yet just might be glossing over money-losing deposits and sloppy operations in a silver-rich district.
One or two others in the ragged commoner column — to come, TCRs. See now.
— Thom Calandra
Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities.