Oreninc Blog

Oreninc Blog

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Oreninc Interview Series with Mickey Fulp - Episode 06

Oreninc Interview Series with Mickey Fulp - Episode 06


April 13, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.Topics discussed- Gold price at 1,285 US-Dollar, stocks lagging behind- Mid-Tier producers are getting involved in the M&A...
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Oreninc Interview Series with Mickey Fulp - Episode 05


March 28, 2017 // Our bi-weekly interview series with the Mercenary Geologist, Mickey Fulp.Topics discussed- Gold price vs gold mining stocks- Number of financings getting smaller - are now the "bottom...
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Oreninc Interview Series with Mickey Fulp - Episode 04


Our exclusive, bi-weekly interview series with Mickey Fulp, the Mercenary Geologist. We discuss the recent developments in the markets, take a closer look at current financings and the overall sentiment. Mickey,...
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Oreninc Interview Series with Mickey Fulp - Episode 03


Our exclusive, bi-weekly interview series with Mickey Fulp, the Mercenary Geologist. We discuss the recent developments in the markets, take a closer look at current financings and the overall sentiment. The...
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Interview Series: Mickey Fulp, Mercenary Geologist - February 9, 2017


Part 2 in our excklusive, bi-weekly interview series with Mickey Fulp, the Mercenary Geologist. We discuss with Mickey the recent developments in the markets, take a closer look at current financings...
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Interview Series: Exclusive Interview with Mickey Fulp

Interview Series: Exclusive Interview with Mickey Fulp


We are kicking off our new interview series with the Mercenary Geologist, Mickey Fulp. On a bi-weekly basis, we will be speaking to Mickey and discuss with him developments in the...
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Brain Drain in the Mining Business

We are losing young people in the mining business and without them, the industry has no future. On the bright side, the young people who are sticking it out through the hellish situation could be in for a great recovery."

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The Poor Are Liquidated

The difference between the rich and the poor is the poor are liquidated, and in this case Rio Tinto is doing the liquidating of the poor at the bottom of the market. 

Inova Resources, we barely knew you.

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Market Correlation...In Your Distant Past

We went from a period of complete market correlation, where everything traded up and down on the same issues, to the current market where nothing makes much sense. 

Exhibit A: Freight rates have gone up 4-8 times for iron ore vessels over the last year and BHP/Rio/Vale are shipping lots of iron ore and getting good prices for it. At the same time, Vale is trading for $16 per share (which is a stupid-low price for that amount of profit) and iron ore juniors are trading for even less. Clearly, the freight rate got the message and someone is demanding ore, but the equity market did not get the memo. 

Exhibit B: Gold juniors are trading for less than $5 per ounce of reserves, but the price of gold is still over $1,300. If gold is a storehouse of value, would it not make sense to buy it in the ground where it is nice, safe, and can wait to be mined until it is needed? Right now, gold junior prices have no connection to the actual price of gold.

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Northern Dynasty and Option Value

I was at the Cambridge House Toronto show last week talking about how cheap Northern Dynasty was, and this week Anglo pulls out of the project. 

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The reasons why I think Northern Dynasty is cheap still hold:

 

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