Tuesday, 10 March 2015

Eric Sprott - Physical Gold & Silver on Verge of Breaking Paper Markets…"I will be Right!"


  
  We have the total disconnect between surging Apple Dow Jones markets and commodities, if there is growth why Dr Copper is at multiyear low? If there is a recession why Gold is close to the lows again? Eric has called for higher Gold and commodities prices for a long time, but now we can see money coming into the sector. M&A in Gold and Copper is heating up.


Copper M&A: Teck Resources Sees Looming Supply Gap, Looks For Acquisitions.

  


  "We have very interesting view from Teck Resources on the looming supply gap for copper and report from Bloomberg about the acquisition appetite at this valuations. Copper M&A talks are getting louder now after the news from X2 Resources. Rob McEwen is marketing Los Azules copper and, hopefully, visits to the property will become even more frequent now. At some point the fundamentals of giant copper deposit will speak for themselves. Read more."

Copper M&A: Mick Davies’ X2 Resources Raises $5.6 Billion, Ready To Buy Up Assets.


"We have the very positive news for the mining sector today from one of the top industry insiders. Capital is available for the best teams and projects and Mick Davies is shopping now. Hopefully this M&A activity will spike further interest in Los Azules Copper as well. Do not read too much into it, but Xstrata was involved in Los Azules Copper at the early stages of this giant copper discovery with Minera Andes. Rob McEwen's comments on timing for acquisitions are already in play in the industry now. Read more."


Rob McEwen: Los Azules Copper - "The Glimmer of Hope for Argentina."


  "Rob McEwen was presenting at BMO Capital Markets conference this week. It is the very interesting presentation and you can find it on the McEwen Mining website. The most interesting for TNR Gold was his comment on the recent situation in Argentina. He sees "the glimmer of hope" with the coming elections in October later this year: "Producers are making their enquiries about the Los Azules Copper project and one of them is on the property now."
  Please read carefully my legal disclosure and do not get very excited or make any investment decisions based on this public information from Rob McEwen. I personally think, that it is the very encouraging update from Rob on Los Azules Copper status. His view on Argentina and the changing mining landscape confirms the Yamana Gold and Goldcorp news we have discussed before. There is a long way from the any visit on the property to the signed contract, but magnitude of Los Azules Copper will speak for itself one day - you can find more information on TNR Gold website. Higher copper prices will be the catalyst here and today's news from China has ignited 2% rally in very oversold Copper. We will see soon whether it becomes the sustainable trend. As Rob has mentioned: "This is the time to look at valuations for the best projects." Read more."


TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".