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XMFSinchiruna (26.96)

The Perfect Project for Endeavour Silver

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36

October 03, 2012 – Comments (22) | RELATED TICKERS: EXK , AG , SLW

I had the pleasure of returning to Guanajuato last week for my second tour of Endeavour Silver's operations in the area, which of course now include the El Cubo mine acquired from AuRico.

I hope you'll enjoy what I expect will be only the first of several write-ups to result from the experience.

http://www.fool.com/investing/general/2012/10/03/the-perfect-project-for-endeavour-silver.aspx

The challenges ahead are substantial in scale, but I know of no other management team in the silver industry that I'd rather see taking it on.

22 Comments – Post Your Own

#1) On October 04, 2012 at 7:27 AM, XMFSinchiruna (26.96) wrote:

Minweb's Lawroe Williams has been all over the South African mine strikes.

 http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=159647&sn=Detail&pid=102055

 

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#2) On October 04, 2012 at 8:48 PM, SN3165 (< 20) wrote:

Sinch,

 What do you think about Corvus Gold and Cardero's recent share price  action following their PFS ?

 

SN

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#3) On October 04, 2012 at 10:34 PM, XMFSinchiruna (26.96) wrote:

SN,

Cardero's share price breaking down to a new 52-week low following a very positive PFS is certainly both troubling and vexing. I will be speaking with the CEO on Monday, and will pass along anything I glean from the discussion.

If it's okay, I'll pass on commenting of Corvus because I haven't tracked it recently, and have my plate full. 

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#4) On October 05, 2012 at 12:14 AM, Momentum21 (56.30) wrote:

Still holding Scorpio Sinch...I don't care what your opinion is on it anymore...that sucker can't be killed and my resolve can't be shaken! : )

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#5) On October 05, 2012 at 6:28 AM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/fire-river-appoints-directors-officers-210000146.html

Fire River appoints new directors and officers http://www.firerivergold.com/s/NewsReleases.asp?ReportID=551144&_Type=News-Releases&_Title=Fire-River-Announces-New-Directors-And-Officers

10/3/12

Sky

Long and Strong FVGCF 

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#6) On October 05, 2012 at 6:40 AM, skypilot2005 (< 20) wrote:

On October 04, 2012 at 10:34 PM, TMFSinchiruna (92.17) wrote:

"SN,

Cardero's share price breaking down to a new 52-week low following a very positive PFS is certainly both troubling and vexing. I will be speaking with the CEO on Monday, and will pass along anything I glean from the discussion."

Sinchi,

Will you ask him when they are going to return to profitability and start reducing the # of outstanding shares?  The large increase in number of shares outstanding is a concern of mine.

Thanks

Sky

Long CDY

 

 

 

http://www.cardero.com/i/pdf/2012Q3.pdf

 

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#7) On October 05, 2012 at 10:34 AM, XMFSinchiruna (26.96) wrote:

SN,

Profitability? They are a development-stage company.

Anybody see Primero this morning? :P

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#8) On October 05, 2012 at 11:02 AM, darroj (29.65) wrote:

Oh I saw certainly saw Primero... so whats your thoughts going forward on Primero now Sinch? My $2.50/share purchase (thanks to you) is making me smile today!

darroj

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#9) On October 05, 2012 at 11:10 AM, XMFSinchiruna (26.96) wrote:

I locked in some gains near $5.40, and the remainder, which remains a core holding even after taking some profits, will remain a long-term hold.

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#10) On October 05, 2012 at 12:11 PM, richthegeek (< 20) wrote:

Sandstorm Metals had a nice bump too and Sandstorm Gold has been on a real tear. Makes for a nice Friday.

 Thanks, as always, for sharing all of your knowledge and hard work.

 Rich

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#11) On October 05, 2012 at 1:34 PM, johnybottom (< 20) wrote:

Well Sinchiruna, you can add another line to your CV for the top pick of 2012.

 Excellent work.

Now if we could just get CDY to start moving the other direction?

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#12) On October 05, 2012 at 1:44 PM, EGTalbot (< 20) wrote:

Yes, Primero and Sandstorm Gold are both companies Sinch brought to my attention that have done very well recently. I may take profits on 1/3 of my position in PPP today, still mulling.

Much appreciated! 

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#13) On October 06, 2012 at 6:05 PM, skypilot2005 (< 20) wrote:

On October 05, 2012 at 10:34 AM, TMFSinchiruna (93.79) wrote:

 

"SN,

Profitability? They are a development-stage company."

Got it.

I was looking at the 9 months ending 2011.  The .01 profit was due to a gain on the sale of some securities.  

Seems I should have spent time perusing  the entire page....

Sky 

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#14) On October 07, 2012 at 7:33 AM, skypilot2005 (< 20) wrote:

http://www.bloomberg.com/news/2012-08-01/kinross-gold-fires-ceo-tye-burt-replacing-him-with-rollinson.html

8/2/12

Kinross Gold Fires CEO Tye Burt, Replaces With Rollinson

Sky 

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#15) On October 07, 2012 at 9:14 AM, skypilot2005 (< 20) wrote:

http://www.canadianinsider.com/node/7?ticker=SND

Sep 26/12 Sep 26/12 Watson, Nolan Allan Direct Ownership Common Shares 10 - Acquisition in the public market 300,000 $0.330


Sep 25/12 Sep 24/12 Watson, Nolan Allan Direct Ownership Common Shares 10 - Acquisition in the public market 145,000 $0.340

Hmmm..

Sky 

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#16) On October 07, 2012 at 9:27 AM, skypilot2005 (< 20) wrote:

 Anyone remember them?:

 

 Ha. 

 


TYHEE GOLD FILES REPORT ENTITLED “NI 43-101 TECHNICAL REPORT, YELLOWKNIFE GOLD PROJECT FEASIBILITY STUDY, NORTHWEST TERRITORIES, CANADA” ON SEDAR TYHEE GOLD FILES REPORT ENTITLED “NI 43-101 TECHNICAL REPORT, YELLOWKNIFE GOLD PROJECT FEASIBILITY STUDY, NORTHWEST TERRITORIES, CANADA” ON SEDAR

VANCOUVER, British Columbia (Monday, October 1, 2012) – Tyhee Gold Corp. (TSX Venture, TDC) (“Tyhee” or the “Company”) is pleased to report that, further to its news release of August 15, 2012, it has filed a National Instrument 43-101 compliant report entitled “NI 43-101 Technical Report, Yellowknife Gold Project Feasibility Study, Northwest Territories, Canada” (the “Study”) prepared by SRK Consulting, Knight Piésold and Lyntek Inc. out of their Denver, Colorado offices

At a base-case gold price of $1,400 per ounce (“/oz.”) and a projected 4,000 tonnes-per-day (“tpd”) processing plant comprised of a conventional gravity-flotation-cyanide process and incorporating open-pit and underground mining methods on the Ormsby, Bruce Lake, Clan Lake and Nicholas Lake deposits, the Yellowknife Gold Project (“YGP”) is estimated to return a pre-tax net present value (“NPV”) at a 5% discount rate of approximately $216 million and an internal rate of return (“IRR”) of 20% based on initial estimated capital cost of $193 million (including a 10% contingency.)

At the current gold price of approximately $1,770 per oz., the YGP would have a pre-tax NPV of $511 million, an IRR of 34% and a payback period of 24 months.

Sky 

Long Tyhee 

Official Web Link Assistant to Sinchi 

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#17) On October 07, 2012 at 9:52 AM, skypilot2005 (< 20) wrote:

http://www.yukon-nevadagold.com/s/NewsReleases.asp?ReportID=551541&_Type=News-Releases&_Title=Yukon-Nevada-Gold-Corp.-Announces-New-Name-and-Listing-on-the-Toronto-Stock...

October 05, 2012
Yukon-Nevada Gold Corp. Announces New Name and Listing on the Toronto Stock Exchange

 Vancouver, BC -- October 5, 2012 -- Yukon-Nevada Gold Corp. (TSX: YNG)(OTCBB: YNGFF)(Frankfurt Xetra Exchange: NG6) will commence trading on the Toronto Stock Exchange under the name Veris Gold Corp. and the symbol VG at start of market on Tuesday, October 9th.

All the issued and outstanding common shares of Yukon-Nevada Gold Corp. (YNG) will be consolidated on the basis of ten (10) old common shares for one (1) new common share. Shareholders of YNG will be receiving a Letter of Transmittal setting out the procedure to be followed in order for them to exchange their certificates representing YNG Shares for certificates representing Shares of Veris Gold Corp.

Veris Gold Corp.'s CUSIP number will be 92346R100

FYI for current holders. 

Sky 

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#18) On October 08, 2012 at 11:14 AM, Rags2Riches08 (< 20) wrote:

On October 04, 2012 at 10:34 PM, TMFSinchiruna (92.17) wrote:

"SN,

Cardero's share price breaking down to a new 52-week low following a very positive PFS is certainly both troubling and vexing. I will be speaking with the CEO on Monday, and will pass along anything I glean from the discussion."

Sinchi,

Will you ask him when they are going to return to profitability and start reducing the # of outstanding shares?  The large increase in number of shares outstanding is a concern of mine.

Thanks

Sky

Long CDY

 

 

I am long CDY as well.  93.4M Shares outstanding doesn't seem like alot to me.  Maybe cuz I hold aunff as well.  How much of an increase in shares has CDY done over the past year?

Eric

 

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#19) On October 08, 2012 at 9:42 PM, charliedawgg (< 20) wrote:

Well, since everyone else is talking about everything except Endeavor, I'll join the party and ask if anyone has heard anything regarding the possible purchase of Great Basin (GBG). Rumors abound, but reliable information is unobtainable (whoda thunk?).

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#20) On October 11, 2012 at 9:29 PM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/alexandria-provides-fall-150200944.html

 

Alexandria Provides Fall Update

10/11/12

Subsequent to this event, Company geologists embarked on a step-out drilling program which tested at depth 100 m below the Current Resource and also tested 500 m along strike at shallow levels. The results of these activities were very encouraging in showing the growth potential of the project. Hole IAX-12-195, drilled 100 m below the Current Resource, or 600m vertically below the surface, gave the following assayed interval: 5.59 g/t Au over 24.00 m (11.59 m True Width, "TW" ), including 12.48 g/t over 8.20 m (3.96 m TW). This hole thus extends to depth below the Current Resource potential for further wide, high grade gold mineralization, a not uncommon characteristic of gold deposits in the Abitibi Belt of Northern Quebec and Ontario.

Equally as encouraging are the near surface drilling results from the step-out drilling which targeted the Mine Horizon, the volcanic sequence that hosts the Current Resource at Akasaba, some 500 m west of the Current Resource (West Zone). These holes have resulted in a new discovery on the project, consisting of wide, disseminated gold-copper mineralization.

Sky 

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#21) On October 12, 2012 at 7:23 AM, skypilot2005 (< 20) wrote:

http://www.aurcana.com/s/Home.asp

 Oct 11, 2012

Aurcana Files Technical Report on Updated Resource Estimate for La Negra Mine

Sky 

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#22) On October 14, 2012 at 9:35 AM, skypilot2005 (< 20) wrote:

Pretty "Majestic":

http://www.firstmajestic.com/s/NewsReleases.asp?ReportID=551861&_Type=News-Releases&_Title=First-Majestic-Produces-a-Record-2.44-Million-Silver-Equivalent-Ounces-in-T...

Wed Oct 10, 2012
First Majestic Produces a Record 2.44 Million Silver Equivalent Ounces in Third Quarter

 

Keith Neumeyer, CEO and President of First Majestic, states, "I would like to congratulate the entire First Majestic team for their efforts at reaching the milestone of producing over 2 million ounces of pure silver for the first time in the Company's history in a single quarter. With the additional production from La Guitarra, total silver production grew well past the 2 million ounce mark. Over the next several quarters as Del Toro begins to ramp up production and La Guitarra is further expanded, we can envision attaining the next major milestone of producing 3 million ounces of pure silver per quarter."

Sky 

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