Rich Lister Chris Ellison believes his mining services empire could work alongside mining entrepreneur Bill Beament
Rich Lister Chris Ellison believes his mining services empire could work alongside mining entrepreneur Bill Beament as the latter seeks to turn a small exploration company into the sort of mixed business that made Ellison a billionaire (reports The Australian Financial Review).
The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher” (reports Stockhead).
In the big scheme of things, the pullback we have seen over the past 12 months is ‘small beer’, Dawes told the Virtual Gold Conference earlier this week.
“Now everything is aligned up for gold prices in the decade to be very strong,” he says.
“The short and medium term looks very good; the long term looks very good.”
Punters should look to the big gold stocks in the US – they are the ones that matter, Dawes says.
Gold juniors Breaker and Caeneus among those with overlooked lithium assets in their back pockets. Plus, copper spotlight turns on $26m Anax and Sunstone makes a promising start to porphyry drilling
The lithium sector remains on fire. So much so it has made it easy for analysts with their stock recommendations on the producers – buy the lot of ‘em.
And that’s exactly what has been happening, with particular gusto too since Pilbara Minerals (PLS) revealed its first online auction of spodumene had gone off with a bang at $US1,250/t – more than double reference prices of earlier in the year.
Joe Biden’s command – via an executive order – for electric vehicles to account for at least half of US auto sales by as soon as 2030 added fuel to the fire.
Mineral Resources boss Chris Ellison has spoken publicly for the first time about the company’s investment in Venturex Resources (reports MiningNews).
MinRes spent A$30.8 million in February for a 19.5% stake in the copper-zinc developer, at the same time as it was announced former Northern Star Resources executive chairman Bill Beament was joining the company.
A subsequent recapitalisation, which saw Beament become the largest shareholder, diluted MinRes' interest to 13.8%.
Last week, Beament used his Diggers & Dealers presentation to rebadge the company as Develop, which will not only develop projects, but provide the industry with turnkey underground solutions.
Gold’s 10% fall over the past three months has rubbed some of the gloss off the metal, but not the investment case of an emerging producer as this tale of two miners demonstrates (reports Tim Treadgold on Small Caps).
In Capricorn Metals (ASX: CMM) versus Calidus Resources (ASX: CAI) a number of interesting parallels (and one disconnection) can be seen with the primary cause of the difference being timing, though that’s an issue which invariably fixes itself.
The key to understanding what’s happened (and likely to happen next) is that Capricorn has finished building its Karlawinda project in Western Australia’s Pilbara, poured first gold, and enjoyed a share price boost.
Resource and mineral processing technology company TNG Limited (ASX: TNG) is continuing to advance the delivery and development of its wholly-owned Mount Peake vanadium-titanium-iron project in the Northern Territory (reports Small Caps).
Bill Beament thinks mining is about to become sexy again (reports The West Australian).
Speaking at the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder, the former Northern Star Resources boss said the industry was changing its image as commodities like copper, zinc and silver became “critical” to deliver greener technology and energy solutions.
A second spot market auction later this month could put the extent of the spodumene shortage on full display.
A second spot market auction later this month could put the extent of the spodumene shortage on full display. Plus, Beament goes green as Klein fights for gold, Brazilian hydro power could make Centaurus greener than a rain forest and Boss highlights why decarbonisation will fuel a run in the uranium price.
The big mining news of the past week landed just as 2500 mining and monied types were winding their way to the Diggers & Dealers bash in Kalgoorlie.