Source: Barry Dawes
January 13, 2023 (Investorideas.com Newswire) Barry Dawes of Martin Place Securities takes a look at multiple charts in the resource sector to tell you where he believes it is headed.
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.
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.
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 budgeted 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 mobilize 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.
Disclosures:
1) Barry Dawes: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, has a consulting relationship with: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
More Info:
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Comments