@baroninvestment Nice deposit to bolt on an existing operation though - don’t get me wrong. I just see that comped to othered it looks pretty expensive.
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Jon Doyle
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@JonDoylePD Pepas will produce each year much of the market cap in free cash. Tiny capex relative to norms. Upside throughout the rest of the asset base, well capitalised now.
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GOLD absolutely flying, nice to see a better book in OROSUR MINING at last.
Surprising move in STRATEGIC MINERALS given magnitude of update. No doubts will reverse back up in due course.
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@baroninvestment I think the capex will surprise. Especially if it requires flotation.
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@KeithMcCullough @Hedgeye To be out there in the public eye, marking to market your wins and losses every day, and taking flak regardless, but with an eye firmly on helping others
I don’t see anyone else with the courage to do that out there
Well done - every day, well done
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Thank God for all my mistakes. Getting fired in 2007 for "being too early" on the pending US Stock Market Crash of 2008 gave birth to Hedgeye Nation!
Richard Shotz@RichardSho1854
@KeithMcCullough Ya know, brudda man - you don’t need to defend your record to those of us who count ourselves among your loyal allies and loyal subscribers. We’re glad when you make a mistake or two - it makes you human. Keep up the great work
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If you chant "stagflation" thirteen times in front of mirror in a dark room an angry Scott Wapner shows up to correct you.
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@KeithMcCullough Yesterday with the USD correlations burning off I could see a “flip” coming. Gold was behaving like a meme. Now it will behave as it should. Divergence from risk assets quite evident past 48 hours. IMO The process doesn’t immediately detect these sharp paradigm shifts.
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Well I own getting this recent move in Gold wrong, but seriously man - I was wrong on Gold timing 1 time in the prior 17 Real-Time Alert Signals going back to a -1.6% loss I took in 2023 (thats being right 94% of the time) and made more money (notionally) than I ever have (in anything) going back to Feb of 2025. I own that performance using my process too
Tom Bland@Tom730410985
@KeithMcCullough Been a subscriber long time now and use the products daily. While you've been right on with most of the items, gold has not been a good item to follow for a couple years now with RR product. Today is another good example where yesterday it was sold, that was a mistake too. But missing the 1000 point drop was stunning. The same mistakes have been repeated for several years. Not trying to be a dick, but I hope you can fix this. In the meantime I am building my own model for just gold and of course it is a process. Just hope you can fix it for gold as it will be the most likely future soon enough. You don't need to reply and I am not trying to rub it in like others, just hoping there is something can be corrected as it is an important hard asset.
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@Pete__Panda Why omit O'Callaghans - it's the 2nd biggest resource there? - is it due to be primary gold?
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Gold 25-delta skew just pushed to its highest level since at least 2021 with readings moving into the top 90th percentile historically which usually means traders are paying significantly more for downside protection than upside exposure this kind of shift typically reflects rising hedging demand and more defensive positioning even while spot gold remains strong
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Gold skew just flipped — after a year of chasing upside, traders are now buying protection.
zerohedge.com/the-market-ear…
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@ca91450 @hinds_stuart GGP is on both funds. GDX and GDXJ (though reduced in weight slightly)
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@hinds_stuart The blackrock change was very small, almost zero impact given the massive exchange of shares this past week or so. GDXJ selling and GDX buying.
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BlackRock sold a few too. My expectations were the sp would be racing to £8, driven by GDX & ASX inclusion, Telfer MRE and Q3 report. Unfortunately world events have conspired against GGP & many other mining stocks. Fundamentals haven’t changed though
share-talk.com/1-van-eck-buil…
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@Pete__Panda In 2016 NCM O’Callaghan's resource 0.26 Mt WO3, 0.22 Mt Cu, 0.38 Mt Zn, and 0.19 Mt Pb. Included in Resource was Probable Reserve of 44 Mt at 0.36% WO3, 0.29% Cu, 0.65% Zn and 0.32% Pb, for a contained 0.16 Mt of tungsten trioxide, 0.13 Mt of cu, 0.29 Mt of zn + 0.14 Mt Pb
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No Chinese #Tunsten export for 2026 YTD
GIF
Toivo Kaivo@tokavo
@Alexsei88 Tuontiluvut ovat myös mielenkiintoisia.
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@Pete__Panda GGP - O'Callahans: Shovel ready anyone...? DFS ready...? Existing mining lease...? 70Mt+ - of critical minerals with loads of additional copper, lead and zinc...?
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@SilverBull_Fin @Pete__Panda It has to be GGP's O'Callaghans - the largest Tungsten deposit in Australia.
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"Sot oday, we agreed on four major projects, covering production of rare earths #REE, #lithium, and #tungsten. #EU #Australia
Ursula von der Leyen@vonderleyen
Australia is one of the world’s most important producers of critical raw material. In contrast, Europe is one of the world’s major users. So today, we agreed on four major projects, covering production of rare earths, lithium, and tungsten. And we also agreed to launch negotiations on Australia’s accession to Horizon, Europe’s flagship innovation programme!
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@KingKong9888 @KeithMcCullough He is good. Best hack there is. My mate’s a pro fund manager in London and recommended them in 2018. But they were to expensive back then. Great that HE is now at an accessible price point to help ordinary PIs.
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@KeithMcCullough You are actually really good at what you do.
I have been observing you for 5 years now.
Performance over a long period of time doesn’t lie.
Good luck 👍.
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We remain Long of Gold which is down another -5% this morning
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@Rathodupsh87998 @KeithMcCullough You don't need to catch the exact bottom or top.
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@KeithMcCullough Yeah yeah sure
You did
And also you did catch the exact bottom and top several times
And yes
You’re a billionaire!
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We got our of all our other Metals positions (including Silver, Platinum, Copper, etc.) higher
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@shankerinoo @KeithMcCullough Closing price and maintaining Tail support is what matters here. The rebound when it comes will be something else. Buying more here.
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@KeithMcCullough Morning! May i ask the reason why you remain long gold despite breaking the 4230 support? Doesnt that break the trend as per the macro show? thanks!
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@kristiebatten @shaun_day_ NCM tried hard to kill GGP via bankruptcy. But the hunted became the hunter. The hare caught and ate the NCM fox for breakfast. Strategic brilliance. Well worth a detailed piece on how to build a real company - brick by brick - against the all the odds.
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@kristiebatten Sure is Kirstie … @shaun_day_ is a visionary with a passion for excellence. You won’t believe the obstacles and gameplay he navigated to make this happen! 👏👏👏
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Greatland is one of the big winners from March quarter index rebalances $GGP $GDX $GDXJ miningforum.live/p/more-momentu…
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@JonDoylePD Not bad at all! Shame it's in a gold producer, likely not gonna see too much share price appreciation from the tungsten angle.
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None of you own enough #tungsten & other EU critical raw material exposure.
GIF
WarMonitor🇺🇦🇬🇧@WarMonitor3
Belgium Prime Minister De Wever says Europe must wake up and rearm, saying Trump "can make us slaves"-POLITICO
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@marketplunger1 Tamboran Resources NYS listed - Huge massive 6tcf gas play in Australia - proven wells going into production this year now backed, owned and run by Brian Sheffield ( Ex Pioneer Resources and CEO of Parsley Energy)
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Suppose my friend here is right.
What names should I own?
Mike Barnes aka Cashcosts@real_MikeBarnes
I feel like there is a chance we are going to make so much money in small oil stocks it's going to make gold shares seem tame.
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