Key points
Gold
- Gold trades above US$1880.
- Not long now before US$1900.
- Gold in Euros, Yen, and Pounds looking to move up sharply
- Could we see new all-time highs above US$2100 VERY early in 2023?
- Gold has started Wave 3
Gold Stocks
- XAU over 132
- 135 very soon
- 165, not far away.
- ASX gold stocks breaking out
Copper
- Breaking out above US$4/lb
- Exceeding that LT resistance at US$4/lb
- NO INVENTORY!
- Copper back to 2022 inventory level lows
- Zinc LME inventories down by 87% in past year
- Got DVP?
- Its got Copper
- And Zinc!
Bonds
- Yields down again
- Prices rally
DVP Copper and Zinc
- Woodlawn
- Sulphur Springs
- Mining contracting
- Market cap ~A$750m @ A$3.40 on 220m shares (diluted)
ICL – extraordinary WA explorer
- 8 major targets
- 14 >1000m geochem anomalies
- Gold nuggets confirm nearby sources
- Market cap A$ 24m @ A$0.115 on 208m shares
TBN - extraordinary NT gas developer
- Amungee AH2 horizontal well completed
- Fraccing to commence after current wet period
- Market cap A$ 353m @ A$0.25 on 1,416m shares
Gold
Gold traded higher through US$1880 and held US$1870.
US$1870 is important long term resistance should now be support. US$1900 is now very close so could be much higher over the next few weeks.
Gold Stocks
135 resistance is only 2% away. And it should not last long before gold stocks overcome it and head straight for 165.
Bonds
- Yields decline further.
- Bond rally to continue for a while yet.
ASX Gold's index is breaking.
Copper
- breaks out above US$4/lb
US$4/lb is important Long Term resistance. Breaking that brings much higher prices.
NO LME INVENTORY!
- Index at another 12 month low
- Copper near 12 month low
- Zinc down 88%!!!!
Zinc is about to break out.
Got DVP?
- Woodlawn
- Sulphur Springs
- Mining contracting
- Market cap ~A$750m @ A$3.40 on 220m shares (diluted)
- Copper and Zinc!!
4
ICL Extraordinary Explorer
- 14 Mile Well Project - west of Laverton
- In elephant country
- Highlighting Celia Fault
- Castlemaine and Guyer Fault splays
- Numerous CSIRO UFF+ geochem anomalies
- Nuggets in paleochannels confirming gold potential.
- Syenite intrusions as gold conduits and hosts
- Yet another target found at Goose Well
- Market cap A$ 24m @ A$0.115 on 208m shares
14 Mile Well Project – On West Side of Celia Fault
- An early stage explorer with a difference
- Economic gold deposits will be found!
- >800km2 almost previously unexplored
Eight major target areas . . . and counting.
14 geochem anomalies identified using CSIRO UFF+ technology. All over 1000m - up to 5000m.
Syenite intrusions (host of several nearby major gold deposits/mines) identified on tenements.
Most advanced projects
- Everleigh Well
- Guyer
Drilling has confirmed gold presence. Numerous nuggets in paleochannels.
ICL
This is developing into something special
-
Downward sloping wedge
-
Break out
-
Backtest
- Surging
TBN - Tamboran Resources
Development of Beetaloo Basin
- Amungee 2H drilling complete
- 2413m vertical depth
- 1275m horizontal section
- Drilling completed in December in 38 days and under budgetted cost and time
- 5 1/2 inch casing will allow higher sand and fluid input rates and higher gas outflow volumes
- 24 stages planned for fraccing
- Awaiting weather clearing to mobilise fraccing fleet in March Qtr
- 5TCF 2P reserves targeted for 2025 worth A$6bn
- Market cap A$ 353m @ A$0.25 on 1,416m shares
TBN has successfully drilled its two operated wells much faster than Santos and Origin. Faster wells are cheaper wells (daily rig rate cost)
- 5 1/2 inch casing will allow higher sand and fluid input rates and higher gas outflow volumes
- 5 1/2 inch casing has a 22% larger diameter than 4 1/2 inch but has a 50% higher diameter area.
Net undiscovered prospective resources 116TCF
TBN - Also developing into something special
- Downward sloping wedge
- Break out
- Backtest
- Moving higher
Opportunity is knocking. Timing is everything.
