Darp101

@JoshYoung Josh, with futures so cheap for the rest of 2026, why not, as a user, just buy the futures and take delivery?

The shale oil treadmill is steep, as core inventory rapidly depletes

Hi Josh, here is the quote. The full relevant quote from Al Gore's 1992 book Earth in the Balance: Ecology and the Human Spirit (published 1992/1993) is: "About 10 million residents of Bangladesh will lose their homes and means of sustenance because of the rising sea level, due to global warming, in the next few decades. Where will they go? Whom will they displace? What political conflicts will result? That is only one example. According to some predictions, not long after Bangladesh feels the impact, up to 60 percent of the present population of Florida may have to be relocated. Where will they go?" The key thing is Bangladesh, easier to measure. How many of the 10 million homes are below sea level at high tide now? It appears to be zero. Sea Level has only gone up 1" in 32 years, imperceptibly, there. Gore is a phony, but he did make over $100 million off the scam.

Thought provoking

Art Berman FT admits the energy transition was a flop The Iran War proves that renewables are a side show The world panics when oil & $LNG & disappear Renewables did nothing to reduce dependency on hydrocarbons Just another unnecessary layer of complexity on top ft.com/content/36345a… And a cartoon from him on oil pbs.twimg.com/media/HJPzXmCX… My take (Darp) If in 1975 if instead of plowing trillions into renewables and shutting down nukes we put the same money into SMRs and Thorium, today we would be awash in cheap electrical energy and have a lot more oil left over than we do. Millions that have died of air pollution in Asia would not have. It would be a radically different world and a billion people who do not have electricity would. There is nothing wrong with renewables, just as long as zero subsidies and zero penalties for not using them. It is not easy to ponder what would have happened if nukes were improved instead of demonized, but that is my take. Cheers

Provenance Gold $PVGDF youtube.com/watch?v=MLxcuR… new video on drilling today. They already have 2 million gold oz of resources and are a $25 million mkt cap. In Oregon, and I think that scares people too much. It is on BLM land, and the feds now are very pro-mining, since the 2024 election. In a county that wants the mine on the Idaho border. It's like the Nevada desert there. They just did a new submission to the Bureau of Land Management (BLM) of an Exploration Plan of Operations.@newsfile/provenance-gold-advances-exploration-plans-at-eldorado" target="_blank" rel="nofollow noopener">ceo.ca/@newsfile/prov… today. If anyone knows of another 2+ million gold oz stock that is under $25 million mkt cap, please post a comment. Cheers

Wonderful news on Cerrado $CRDOF a gold miner the one knock on it is the producing MDN mine has a short official mine life. The aquisition is tiny cost, super low risk but the initial guess is is increases mine life by 3-4 years at MDN @GlobeNewswire/cerrado-gold-to-acquire-falcon-properties-in-argentina" target="_blank" rel="nofollow noopener">ceo.ca/@GlobeNewswire… Acquisition Highlights: An internal target for exploration outlined during the due diligence process indicates the potential of 150–200 koz/Au, with projected grades ranging from 0.8 to 1.1 g/t. At this time, the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. 5,000 m definition and exploration drill program to commence immediately. Approximately 20,026 ha adjacent to MDN’s gold mine property, most notably near the Calandrias heap leach operations. Under the Agreement, MDN will pay the purchase price of $0.2 million payable in cash and will grant a royalty to the Vendor equal to 2% of net smelter returns on all mineral products derived from the Falcon Properties (the “PAS Royalty”). Certain of the Properties are also subject to a 2% net smelter royalty on all mining products to Cerro Vanguardia

hotcopper.com.au/threads/ann-en… Beacon $BCN.AX has received assay results for a further 124 RC holes. Key results include the following: o 19 metres @ 11.89 g/t gold from 111 metres (26IGRD0470) ▪ Including 1 metre @ 152 g/t gold from 111 metres ▪ Including 1 metre @ 45.3 g/t gold from 112 metres ▪ Including 2 metres @ 4.71 g/t gold from 113 metres o 5 metres @ 20.88 g/t gold from 165 metres (26IGRD0476) ▪ Including 1 metre @ 96.2 g/t gold from 166 metres o 10 metres @ 9.99 g/t gold from 82 metres (26IGRD0470) ▪ Including 1 metre @ 50.1 g/t gold from 82 metres ▪ Including 1 metre @ 23.7 g/t gold from 83 metres o 8 metres @ 12.36 g/t gold from 187 metres (26IGRD0469) ▪ Including 1 metre @ 78.4 g/t gold from 187 metres o 7 metres @ 13.86 g/t gold from 107 metres (26IGRD0504) ▪ Including 1 metre @ 77.4 g/t gold from 111 metres o 5 metres @ 18.44 g/t gold from 36 metres (26IGRD0479) ▪ Including 1 metre @ 77.4 g/t gold from 39 metres What I guessed was proved out, they say the deposit is way bigger than they guessed and it is still open downward and laterally.

@SixtyNorthGold Thanks, Dave for the update. Did the prior owners go deeper than your team has?

I think it is established the drug works and it works better than most approved drugs, risk/reward wise. And if I were the FDA, it would have been approved 6 months ago. That does not mean it may not take another 2 years to be on the market. So yes, dilution, but the prize is big, so I am holding my position.

@DarpResearch I would be interested to know your current take on this stock and its progress. I see dilutive financing coming, but also a point where the evidence emerging from gait analysis and unblinded study data make it difficult to deny the product "works".

Fantastic News from Larry Williams. Williams a NerveGen patient: his nerve pain has gone away!! #lightbox" target="_blank" rel="nofollow noopener">reddit.com/r/NervGen_Nerv… $NGENF Has a NVG-291 drug that allows spinal cord nerves to regenerate. He is an example of someone that has regained the ability to walk just after 6 weeks of treatment. The benefits keep coming, as once the nerves start to grow again, they keep going, even after the drug stops. Here is the most recent video interview of CEO youtube.com/watch?v=U_RI5n… This drug should have been approved 6 months ago, superb safety profile and in FDA drug tests it has cured paralysis cases. If RFK knew, maybe he could push this thru.

@Osint613 The real reason is more likely they want the fraud.

VP JD Vance: "We're announcing that the federal government is deferring $1.3 billion in Medicaid reimbursements from the state of California, and the simple reason is because the state of California has not taken fraud very seriously."

Had a very good talk with Dave at Sixty North $SXNTF A Canada gold miner that is restarting the Mon mine which at way lower 1990s gold prices averaged 1 oz a ton grade. They got the new 100 tpd mill in to site via ice roads. Right now the ice is too thin for ice roads and lakes still have too much ice for float planes. So they will have to wait about a month. The Mill is on-site, but not all the parts they need to run it. Good news on how long it can run. The first year, they will have to shut down around Nov, but after that, with the building, they can run 12 months a year, as they have in the past. He said the mill really warms the water up via friction so it can operate at 30 below. They can get excellent recovery just with gravity, so total recoveries will be very high with the flotation circuit they are adding. The Yellowknife area has tried every type of geophysics there is, none works. The neighboring mines that do have similar geology go down 1.5 to over 2 kilometers before the deposits end. The same can be true for the Mon. The gold is very coarse, but like the 16 to 1 mine in Calif, which I have been in, and it produced over 1 million oz , you can go many feet with no gold then hit bonanza grade, like 20 oz. per ton grade. Hence, drilling does not work; you have to see all the ore to gauge it. It is very structurally controlled, so knowing where to mine is fairly easy. Plus, since there is so much visible gold in the ore, they can do decent eyeball assaying in real-time when mining. The bottom line is if the 1 oz a ton ore grade persists, this mine will be highly profitable. The nearby mines did have high grades persisting with depth. They do have the mining capacity to mine 100 tons a day. So my calculations are if they mine 300 of 365 days and get 80 tons/day = 24,000 tons and at .75oz that equals 18,000 oz a year. At 1oz 24,000 oz. At the lower 18,000 oz at $4700usd that is $85 million a year, and it has a $20 million USD market cap, so about 1/4 sales and if somehow they could spend $45 million or $150,000 a day on expenses, it would be a 0.5 PE. It is very difficult to conceive how they could spend that much, but who knows? My guess is $12-25 million operating costs. So at just 8 PE with huge $45 million costs, that would be 16 bagger on the stock. If costs are $25 million, then $60 million profit a year and a 24 bagger. Nearby mines are the Giant Yellowknife Gold Mine - past production: 8 million oz Au Con Gold Mine - past production 6 million oz Au So there could be millions of oz, but let's say just 500,000oz that would be $2.35 billion usd and 28 year mine life. All for $20 million today. They are ramping down, much better than the old shaft type mines. We do not know how the ore will persist, but I think the odds are good it will persist. Cheers

I had a very good talk with Dave Webb yesterday. In terms of the mill, it is there on-site, but the ice is too thin to truck on or land wheeled planes, and yet the lakes need to melt to get floatplane in, so some of the parts needed to get the mill running will likely get there in June. I think due to the tiny mkt cap and very high grade, JMHO, this stock will more than 10 bag with just a little luck. I will post more on my page. Just one more point, the first year (this year) they will have to shut down due to cold around Nov. But next year with a building up, they can go year-round and have in that area in the past done so. That is a big production booster I was not aware of.

@SixtyNorthGold Please update us on how it is going. Is the mill running?

Sixty North Gold Clears Another Hurdle to Production as Equipment Now Mobilized to Mon Gold Mine, NWT newsfilecorp.com/release/290907

So what happens when the oil runs out? We have a realtime example, Cuba at nite. youtu.be/HPdyDwLIlrY?t=… Oil is lower now at 10am Monday than last nite when Iran talks failed. The level of sleep on this is truly amazing, Bloomberg and CNBC think everything is dandy today.

From this que youtu.be/zn4ZvZwPp1U?t=… here thru to 17 mins tells the oil situation very good. It explains why so many on Wall Street are completely missing the oil situation. Make sure to see the Currie part. Key things, it is not a matter of how much money people will have to spend and what % of GDP it is, it is what happens when people can not buy oil/gasoline at basically any price, at the current rate pipelines and refineries shut down about September. This is way way worse than having to pay $12 for a gallon of gas you can buy easily. The solution? There is one, that is $200 oil now (better a month ago). Then demand will drop, drilling will pick up like crazy, shutin wells will reopen and the underlying problem will be solved. If oil had been $200 for last month then the Strait likely would have been opened by now. As the world would have an urgent motive to open it. Because oil is 1/2 the cost of what it was when there was no disruption in supply (The June/July 2008 peak equates to roughly $180–$186 per barrel in today's (2026) dollars.) oil consumption is going up not down and drilling has stayed about the same. I suggest you share that link in this post to other investors so maybe we can wake up the world that asleep on this. If refineries shut down in Sept the human cost will be enormous.

Aeris AIS.AX is ripping more on theASX, another +3% EXCELLENT RESULTS RETURNED FROM TRITTON DRILLING AVOCA TANK  New mineralised trend confirmed to connect with central trend  High-grade copper traced over 200m, over double the previous strike length o ATEL122 6.6m2 @ 6.52% Cu, 0.38g/t Au, 9.3g/t Ag o ATEL125 6.3m2 @ 4.34% Cu, 0.15g/t Au, 5.2g/t Ag o ATEL154 24.0m2 @ 3.03% Cu, 0.10g/t Au, 1.9g/t Ag o ATEL133 13.2mbelow2 @ 2.88% Cu, 0.09g/t Au, 2.8g/t Ag o ATEL155 12.9m2 @ 2.73% Cu, 0.17g/t Au, 6.9g/t Ag BUDGERYGAR  Resource definition drill program complete — intersections thicker than previously modelled  Assay results support upgrade to the current Inferred Mineral Resource1 to an Indicated Mineral Resource classification o BDEL116 21.1m2 @ 2.58% Cu, 0.20g/t Au, 6.6g/t Ag o BDEL111 19.4m2 @ 2.01% Cu, 0.08g/t Au, 3.4g/t Ag o BDEL121 39.5m2 @ 1.72% Cu, 0.08g/t Au, 2.7g/t Ag  Mineral Resource updates anticipated at both deposits in Q4 FY26, driven by encouraging drill results and ongoing drill programs hotcopper.com.au/threads/ann-ex… Aeris Resources Ltd ($ASX: $AIS) Bell Potter has added Aeris the copper miner to its list this month. The broker highlights its substantial cash balance and strong production growth outlook as reasons to buy. Commenting on the new addition, it said: We add Aeris Resources ($AIS.AX) to the Small Cap Panel as a high-conviction copper-led growth and re-rating story. $AIS is a copper-dominant producer whose near-term outlook is highly leveraged to copper prices and increasing production at its 100%-owned Tritton operation in central west NSW. The market capitalisation is ~30% backed by net cash ($149.8m at the end of the March quarter, no drawn bank debt), with the last gold hedges to roll off this quarter, leaving the company completely unhedged from start of FY27. $AIS' March quarter delivered a $43m lift in cash with operating cash flow of $76m, and management is guiding to the low end of FY26 production guidance, implying a material step-up in copper output through the June quarter as production ramps. Bell Potter also highlights that Aeris is now in a catalyst-rich window for this $ASX share. It adds: The setup into CY26 is the cleanest catalyst-rich window this stock has had. The first full quarter of open-pit production at Tritton should drive a step-change in operating cash flow, while early works at the higher-grade Constellation open-pit are set to commence this quarter, with first ore by end of CY26 a major positive catalyst for the copper production growth profile.

On Aeris (Copper,Gold, Silver+ miner) We have the first higher high in 3 months And we have broken out of a wedge flag. Yesterday $AIS.ax or $ARSRF went from bear mode to bull mode. And with fantastic value metrics as the yellow box shows. I think it is the best miner stock out there right now. Cheers Quarterly Activities Report For the period ended 31 March 2026 Highlights • Cash and receivables of $149.8 million, up from $106.4 million (Dec 25) • Strong cash flow from operations of $75.8 million for the quarter, up 72% • Group copper equivalent production of 10.4kt 1 for Q3 at AISC of A$4.86/lb Cu eq • Cracow – gold production of 10.1koz on plan • Tritton – copper produced of 5.3kt was slightly below the revised plan mainly due to lower grade mined from both underground and open pit • Tritton – Murrawombie Pit delivering Stage 2 ore with mill running at nameplate capacity • Costs well managed across the group, with limited diesel pricing impacts • Constellation Project – early works to commence in Q4 to derisk FY27 • Golden Plateau exploration program expanded with drilling returning multiple high-grade intersections • Aeris to acquire the South Cobar Copper Project from Peel Mining to create a longlife copper mining hub in the Cobar region