With a fully permitted three well drilling programme expected to commence in December this year, Calima is set to realise significant value from its 100% held liquids rich acreage in the Montney Formation of British Columbia. Calima has made considerable progress since our October 2017 initiation report, and we have... Show More
Following on from a robust PFS, Allegiance Coal (ASX:AHQ) has recently commenced a Feasibility Study on its 100% owned Telkwa Coal Project in British Columbia, for which the Company is targeting first production by 2020 and which has Saleable Reserves of 42.5Mt of metallurgical coal. Show More
We are now seeing the market stand up and take notice of Sayona Mining which continues to deliver on the Authier Lithium Project in Quebec, with recent advances including delivery of a positive updated PFS for the Project. Quebec is a well-regarded mining jurisdiction that ranked 6th globally in the... Show More
Having signed an agreement to farm into ~39,000 net acres in the highly prospective liquids-rich Montney acreage at ~C$650/acre, Calima Energy now has significant short-term upside potential with recent transactions over the Montney Formation of the Western Canadian Sedimentary Basin valuing land at from C$2,000 to C$5,500/acre. Show More
The Telkwa Metallurgical Coal Project, into which Allegiance is earning 90%, has the potential to produce PCI or SSCC metallurgical products at FOB costs of ~US$55/tonne, within the lowest 5% of the global seaborne trade, and thus providing a buffer against adverse price movements. The potential for a low-cost operation... Show More
The Bank of Canada hiked interest rates another 25bps to 1.00% today, surprising most. As noted last time (following the July interest rate hike) Canada's housing market is running hot, and has all the hallmarks of a property price bubble. Show More
Lithium demand forecasts by several parties have been dramatically increased recently, driven largely by the expected growth in the use of electric cars driving demand for lithium-ion batteries. 2025 demand forecasts range between 500,000t and 1,000,000 LCE, multiples of the current demand of ~220,000t. Ideally placed to take advantage of... Show More
Local market moved up in the morning on weak global sentiment before getting hammered by Moody downgrading China. Market tried hard after that news to make a slight recovery and close in the positive. The best performers were Industrials, Staples and Telcos while Gold, Miners and Utilities were the worst... Show More
Aussie market started negative on commodities pulling back while banks pushed it positive on the back of weak loan data and RBA comments reducing property bubble worry. The Chinese story continues to hit the repeat button as equity markets saw more government backed support while the amount of investments into... Show More
Aussie market flip flopped between China stimulus, NZ deflation worry and falling local consumer sentiment before Chinese market selloff and falling US market futures really took the market down south. The worry about US market was clear to see today as the selling came in hard in the last few... Show More
On 30 November, I am due to speak at the annual Mines and Money investment conference in London. My main theme will be the changing structure of capital flows in Australia and what that means for the country’s mining industry. Although not central to the presentation, the chart below was... Show More
Aussie market started negative again and then muscled its way back to positive territory with Energy sector leading the way after STO announced a rejected take-over bid. But at the end of the day CBA followed WBC lead and put up variable rates by 15bps. Bubble or not, everyone agrees... Show More
Aussie market started negative and then muscled its way back to positive with Resources leading the charge. It felt like someone was undoing yesterday’s performance…sector by sector…or am I getting that “Back to the Future” feeling on Oct 21st 2015. The market now pricing in US rate rise pushed back,... Show More
Aussie market opened positive with Greek deal getting approved and then pulled back with some profit taking over the day. It would be naïve to think that Grexit will never come back. Greece is going experience prolonged austerity with high unemployment, lower benefits and rising costs. In this environment, we... Show More
BCA Research, the well renowned Canadian research house says "not only do Canada and Australia face the end of their own respective debt supercycles, but they must also reckon with the fallout from the end of the commodity supercycle. While cheaper currencies, favorable demographics, and strong banking systems will soften... Show More
Australia’s resources based economy is a lot like… Canada. And what’s happening in Canada? Canada’s economy shrank in the first quarter, which was the first time it has contracted since 2011 as falling energy prices prompted a decline in business investment. “Gross domestic product fell at a 0.6 percent annualized... Show More
After 43 trading days of “treading water” between 5740 and 5997, a decent move from the ASX200 is clearly overdue. For March/April combined, the average return for banks is +5.7%. However, currently we are only up 1.7%. Tops are generally the hardest inflexion-points in a market to identify and this... Show More
The next crisis starts here: Knuthsen... Globally, 17 central banks have eased their monetary policies this year, and over half the world's population has experienced falling interest rates and/or QE. The ECB's aggressive QE program will start in March, with effects already contributing to decline in interest rates and the... Show More