News - Fitzgerald Articles

The nickel price has copped a full dose of the virus, infecting producers’ share prices in the process. But today’s explorers and developers are set to emerge as big winners when the world rides out the other side ...

The nickel price has copped a full dose of the virus, infecting producers’ share prices in the process. But today’s explorers and developers are set to emerge as big winners when the world rides out the other side - with electric vehicle numbers soaring and nickel inventories falling. Among those positioning for this journey are Chalice, Legend, Centaurus and Blackstone. The nickel producers have been doing it tough ever since Wuhan turned the world on its head on January 23 by locking down its 11 million people to deal with the coronavirus.

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Those being nibbled, with some success, it must be said, include Legend Mining, Bardoc Gold, Alice Queen and Strandline Resources.

There are tentative signs that bottom feeders are stepping up their activity in the junior exploration/developers space. They are nibbling away at those stocks with smashed values (all of them) but which stand out as leveraged plays to the upside thanks to their quality projects and because they have the cash to make things happen. The step-up goes to the idea that as explorers are explorers, and future developers are future developers, they don’t have to worry about the widespread impacts and uncertainties caused by COVID-19 like the miners do.

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Plus, Chalice and Alkane do the business with the drill bit, Bellevue and Red 5 show there is still money for good projects and Tietto hits visible gold

It’s not a great time to be laying out a company’s future in the form of a definitive feasibility study. But at least in the case of nickel stock Mincor (ASX:MCR) it can be said the DFS has confirmed robust economics for its planned restart of its Kambalda operations, with first production pencilled in for the December quarter next year.

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Plus, Alkane and Chalice tantalise investors with exploration trading halts, DGO ups its stake in De Grey as the Hemi gold find continues to grow, Bardoc PFS boasts strong margins and Apollo and Musgrave set for re-rating.

Gold has not been immune from the extreme volatility that has gripped commodity and equity markets alike since the COVID-19 panic got going on January 22, in US dollar-terms at any rate. But thanks to the collapse in the US exchange rate in the same period from US68c to US57c, the Aussie gold price has actually moved into record territory, having put on 17% to an amazing $2660/oz. Now that hasn’t mattered much when it comes to Aussie gold equities. They are being smashed along with the rest of the market.

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Plus, market’s brutal response to Red 5’s production downgrade ignores the bigger game

It is a good time to be boldly looking beyond the current vapourisation of equity values in response to the coronavirus pandemic to secure what with time, will (hopefully) be seen as astute pick-ups. Mind you, you’ve got to have the readies to do it. That’s not a problem for Andrew “Twiggy” Forrest. Because iron ore has managed to hold at elevated levels, and because China is reportedly getting back to work while the Western world goes in to quarantine, he is in line to collect a $1.58 billion annual dividend cheque for the 2020FY from Fortescue Metals (ASX:FMG).

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Another round of outstanding drilling results fires up De Grey and its leading shareholder DGO Gold while Kairos reminds investors it has a gold project just down the road

The Pilbara Craton’s ranking as a gold province has long suffered in comparisons with the Yilgarn down south. Its 8 million-ounce gold endowment compared with the Yilgarn’s 200Moz says as much, even if the Pilbara has all the same ingredients that has made the Yilgarn one of the world’s great gold regions. But things are stirring in the Pilbara, ignoring for the time being the over-promotion in 2017/18 of its Witwatersrand conglomerate gold potential.

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Plus, Matador builds a following ahead of scoping study on Newfoundland gold project and Rio chief J-S Jacques still keeping mumm on a maiden resource at its Winu copper-gold find.

It was mentioned here back in May 2017 that a little thing called Draig Resources was out to emulate the success of others in reviving old high-grade WA gold fields by finding new resources at depth or in adjacent locations. Draig had picked up the Bellevue mine to the north-west of Leinster the year before. Discovered in the 1890s, Bellevue came with a production history of 800,000oz at a grade of 15g/t but it produced its last gold in 1998 and was left to slumber until Draig came along.

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The Big Australian’s new chief admits to reviewing the battery metal’s potential “on a regular basis”...

BHP’s posturing that it stands to benefit from the world’s great decarbonisation event – the electric vehicle and renewable energy storage revolution – through its electrification and battery metals exposures of copper and nickel is well known. It likes to call the exposures its “future-facing” commodities and it has just declared an appetite for more copper and nickel resource positions through exploration and early-stage entry into projects owned by others.

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