business lunch

the resource investment community is still alive, despite the so depressed commodity prices ...

following 6 companies presented their stories in cooperation with jochen's swiss resource company in munich:

source: the company presentation in 2013

• inca one gold (TSX-V: IO) ~ processing of gold ore in peru ~ i've bought few more shares as it is one of very few commodity companies in my portfolio which didn't collapse in 2013 or in 2014
• timmins gold corp (TSX: TMM, NYSE-MKT: TGD) ~ gold production in mexico ~ all in costs approximately $1,000 per ounce ~ current gold price $1,200/oz ~ i've bought a small initial position approximately at USD 1.35
• rye patch gold (TSX.V: RPM) ~ gold + silver in nevada / usa ~ royalties from the rochester silver mine (operated by coeur d'alene, all legal issues between coeur and rye could be solved) + exploration ~ my former investment is probably 30%-50% down
• avanti energy inc (TSX.V: AVN) ~ small producer of oil in brazil and in usa from wells which were often 'left behind' 
• falco resources (TSX.V: FPC) ~ gold exploration in historic rouyn-noranda camp in abitibi / quebec / canada ~ i've bought a small initial position approximately at approx. CAD 0.54
• cortez gold (TSX.V: CUT) ~ gold-silver concentrates processing in mexico ~ my limit order for an initial position was fulfilled few days later at CAD 0.45
• HDI rathdowney rersources  (TSX.V: RTH) ~ a Hunter Dickinson Inc. company focused on a zinc project (planned commercial production in 2017 - 2018)  in poland. additional assets are a discovery stage zinc project in ireland and a 16% interest in HDI heatherdale (TSX.V: HTR) which has a devolopment stage copper-gold-zinc-silver project in alaska / usa

source: http://www.rathdowneyresources.com

 why do i buy so much stuff despite falling commodity markets? well, thanks to my peace activism (#OccupyWallStreet movement) i've learned that in order to save the world somebody should do it. but who is somebody? yes, you are right: all of us are somebody ~ me, you, our neighbours and their grandma ... so do not wait for somebody but start by yourself ... and thus in investing i buy few shares, some physical metals and i hope if many of us will do the same we can change the precious metals markets in our favorite direction .... => go gold bugs go and let's crash the fraudulent paper money system ... which among other things allows bankrupt states like USA, GB, FR, GER, ITA, ukraine, ... and its small dirty NATO armies to start (and to finance) wars all over the planet :-( ...

more coming soon or never :-)

inca one ~ mining for gold in peru

a nice investor lunch event in hotel bayerischer hof in munich today ...

source: company website

well, the inca one (TSX-V: IO) guys try to mine & mill some gold in peru on a small scale base, because there is no money for big(ger) resource projects out there anyway ... their existing mine is approximately 80 km away from lima, the mill 620 km away from lima, cash costs (total costs?) approx $900 per ounce ... a poor margin at the current gold price of $1,200 per ounce, wouldn't you say?

well, there is a bad bad bad blood bath in the whole resources & mining sector and unfortunately the gold & silver operations suffer most because of completely crashed gold & silver prices recently .... and yes, the junior mining stocks are down 70%-85% from their highs in 2011 as measured by the various junior miners indexes out there ... and unfortunately also approved by my 100+ mining stocks portfolio ... if you asked me, it is already as bad as the crashy 2008 horror, let's hope the mining markets will recover some day in the future ...

i could tell ya a lot about the company, its representatives, their hopes and plans, my hopes and my plans, but why should i? you can always go to their website, can't you? i could also speak about my still not fulfilled buy order a little bit ABOVE the current market price despite a day where gold is down next 3% and silver is down more than 4% right now ... well, there is not much trading in inca one's stock, you see? anyway, let's subscribe for their newsletter and follow inca's development in the future ... addendum on saturday: i've got few shares @ CAD 0.1 in the late trading hours, so yes, welcome my new golden portfolio fighter :-)

go gold bugs go and let's crash the fraudulent paper money system now :-)

anything else? coming soon or never ...