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Maybe money does grow on trees
Capital markets being what they are, one company’s focusing on a different commodity to fund drilling. When Noble Mineral Exploration TSXV:NOB picked up Project 81 north of Timmins, the company got rights to timber as well as minerals. Noble’s original plan for the forest was to find “potential purchasers on either a per-piece basis or as a complete disposition of the rights,” president/CEO Vance White told ResourceClips last March. Now he thinks there might be more money in letting the trees grow. To study the idea, Noble partnered with Mikro-Tek, which describes itself as “a carbon project developer and supplier of carbon offset credits.”
An article in Friday’s Northern Ontario Business reports that Mikro-Tek and IBK Capital estimate the credits to have a net present value of $100 million—considerably more than the $18.5-million timber NPV White spoke of in March.
“The grassroots (financing) is pretty much non-existent,” he told Northern Ontario Business. “If we can do something on the carbon credits, then we have a royalty stream down the road.”
Some serious symptoms of surging silver
First the U.S. Mint ran out of silver coins, now its Canadian counterpart is rationing them. “Due to very high demand for silver maple leaf bullion coins, the Royal Canadian Mint is carefully managing supply to ensure all our bullion distributors are served,” a spokesperson told Kitco News on Friday.
Another Kitco post, meanwhile, said the fear of counterfeit silver coins is “not completely unfounded, but fakes are not that common.” Even a price of $100 an ounce, Jeff Lewis wrote, might not tempt counterfeiters to take the risk.
But one silver dollar has increased its value 10-million-fold. A 1794 U.S. coin known as the Flowing Hair Silver Dollar bought a record bid from Legend Numismatics, a New Jersey rare-coin firm, Reuters stated on Thursday. The company was prepared to pay even more, the news agency reported.
David Bowers, of the auction house Stack’s Bowers Galleries, told Reuters, “It is the first American metal dollar struck and the finest known. You have these combinations coming together. No museum has an equal piece.” He added that collectors value coins for “appreciation, art, rarity and beauty.”
In this game, everyone’s #1
On Wednesday (Down Under time) ASX-trading Syrah Resources announced that the JORC-compliant inferred estimate for its Balama West deposit in Mozambique shows “the world’s largest graphite deposit.” According to an official ResourceClips analysis, graphite outperforms every mineral on the planet for having the world’s largest number of world’s largest deposits.
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