Opinions by Rick Rule | StockChase
628
Rick Rule

Pres. & CEO

ON STOCKCHASE SINCE Mar 2005

Sprott USA

628
Rick Rule

Pres. & CEO

ON STOCKCHASE SINCE Mar 2005

Sprott USA


Opinions by Rick Rule


Signal Opinion Expert Chart
N/A
General Market Comment 

November 9, 2017

Natural Resources. What is working in natural resource markets isn’t demand creation, but rather supply destruction. The price has been so low for so long that in many industries, producers have deferred sustaining capital investments, so are losing their ability to produce, a very messy process. But what is interesting is that you match up supply and demand with supply destruction, the industry can’t respond to price signals again, because it takes a long time and a lot of money to bring that stuff back online.

Natural Resources. What is working in natural resource markets isn’t demand creation, but rather supply destruction. The price has been so low for so long that in many industries, producers have deferred sustaining capital investments, so are losing their ability to produce, a very messy process. But what is interesting is that you match up supply and demand with supply destruction, the industry can’t respond to price signals again, because it takes a long time and a lot of money to bring that stuff back online.

Unknown
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
COMMENT
Barrick Gold(ABX-T) 

November 9, 2017

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

precious metals

While he likes the improved balance sheet and the cash costs, he is nervous about the production pipeline.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$17.890
Owned Owned
No

Must be logged in to use chart
COMMENT

The price of tin is less important to this company then it is to other tin producers, because their grade is so high. The grade is about 10X the average mine grade for tin worldwide. Thinks they will be able to announce production finance fairly shortly. The construction schedule will take some time. The Congo is a hard country, and this is in a hard part of the Congo. Not for the faint of heart.

metal mines

The price of tin is less important to this company then it is to other tin producers, because their grade is so high. The grade is about 10X the average mine grade for tin worldwide. Thinks they will be able to announce production finance fairly shortly. The construction schedule will take some time. The Congo is a hard country, and this is in a hard part of the Congo. Not for the faint of heart.

metal mines
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.370
Owned Owned
Yes

Must be logged in to use chart
WATCH
Atlantic Gold Corp(AGB-X) 

November 9, 2017

New management has done a fantastic job of implementation. Where the rubber meets the road we’ll be seeing how the operations from that mine work over the next 2 quarters. If they break it in successfully, and maintain nameplate capacity, he expects the stock will re-rate higher. The next 2 quarters will tell the story.

precious metals

New management has done a fantastic job of implementation. Where the rubber meets the road we’ll be seeing how the operations from that mine work over the next 2 quarters. If they break it in successfully, and maintain nameplate capacity, he expects the stock will re-rate higher. The next 2 quarters will tell the story.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$1.480
Owned Owned
Yes

Must be logged in to use chart
COMMENT
AltiusMinerals Corp(ALS-T) 

November 9, 2017

Continues to be very Long and a very strong holder. World-class Canadian allocators of capital and world-class land spread. Perfect practitioners of the joint venture business model, and great merchant bankers in the mining business. An absolute “must own” in a junior portfolio. The knocks against the company will be that they have a lot of coal revenues, as well as their leverage to potash.

precious metals

Continues to be very Long and a very strong holder. World-class Canadian allocators of capital and world-class land spread. Perfect practitioners of the joint venture business model, and great merchant bankers in the mining business. An absolute “must own” in a junior portfolio. The knocks against the company will be that they have a lot of coal revenues, as well as their leverage to potash.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$12.300
Owned Owned
Yes

Must be logged in to use chart
HOLD
Alterra Power Corp.(AXY-T) 

November 9, 2017

Innergex Renewable Energy (INE-T) is acquiring this company. Believes that a larger company, resulting from the merger, will have a lower cost of capital, a defining advantage in a capital intensive business. He is going to Hold his shares.

Energy

Innergex Renewable Energy (INE-T) is acquiring this company. Believes that a larger company, resulting from the merger, will have a lower cost of capital, a defining advantage in a capital intensive business. He is going to Hold his shares.

Energy
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$7.720
Owned Owned
Yes

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COMMENT
B2Gold Corp.(BTO-T) 

November 9, 2017

Great implementers. They’ve done a fantastic job buying deposits, putting them in production and operating them well. Thinks the most recent one will surprise the market to the upside. They are enjoying good exploration results in Burkina Faso.

Golds

Great implementers. They’ve done a fantastic job buying deposits, putting them in production and operating them well. Thinks the most recent one will surprise the market to the upside. They are enjoying good exploration results in Burkina Faso.

Golds
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$3.400
Owned Owned
Yes

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COMMENT
Bonterra Resources(BTR-X) 

November 9, 2017

This has continued good exploration results. It’s in a very good address in the Abitibi trend in Québec. They seem to have everything going for them.

Mining

This has continued good exploration results. It’s in a very good address in the Abitibi trend in Québec. They seem to have everything going for them.

Mining
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.490
Owned Owned
Unknown

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COMMENT

Had a wonderful discovery in Ecuador. Probably the most successful prospect generator in Ecuador. The best land position in Ecuador is owned by this company, because they were there in the tough times.

precious metals

Had a wonderful discovery in Ecuador. Probably the most successful prospect generator in Ecuador. The best land position in Ecuador is owned by this company, because they were there in the tough times.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.245
Owned Owned
Yes

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PAST TOP PICK
Callinex Mines(CNX-X) 

November 9, 2017

(A Top Pick Nov 11/16. Down 39%.) Had a great initial discovery, but subsequent drilling results have not kept pace with initial drilling results. He likes the property and the people but sold his stock.

Mining

(A Top Pick Nov 11/16. Down 39%.) Had a great initial discovery, but subsequent drilling results have not kept pace with initial drilling results. He likes the property and the people but sold his stock.

Mining
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.385
Owned Owned
No

Must be logged in to use chart
COMMENT
Canadian Zinc Corp(CZN-T) 

November 9, 2017

His suspicion is that this trades better this year as a consequence of higher zinc prices. He is not attracted to it, because he wants companies that will end up in the lowest cash/cost quartile in the world, and this company won’t be among them. However, a rising tide should float all ships, particularly Canadian ships.

metal mines

His suspicion is that this trades better this year as a consequence of higher zinc prices. He is not attracted to it, because he wants companies that will end up in the lowest cash/cost quartile in the world, and this company won’t be among them. However, a rising tide should float all ships, particularly Canadian ships.

metal mines
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.165
Owned Owned
No

Must be logged in to use chart
COMMENT
Detour Gold(DGC-T) 

November 9, 2017

A high-quality Canadian deposit. Had some teething problems operationally. Good exploration upside. Either the share price goes higher or they get taken over in 2018.

precious metals

A high-quality Canadian deposit. Had some teething problems operationally. Good exploration upside. Either the share price goes higher or they get taken over in 2018.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$13.770
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK

Probably the best collection of intellectual capital in the company of its market cap in the mining space. They are prospect generators, meaning that they use their technical and commercial acumen to stake big exploration ideas, and then bring in joint venture partners to develop them. There are over 200 properties in the portfolio, plus a royalty income that keeps the cash burn down. High quality people. The stock has sold off way, way too much.

precious metals

Probably the best collection of intellectual capital in the company of its market cap in the mining space. They are prospect generators, meaning that they use their technical and commercial acumen to stake big exploration ideas, and then bring in joint venture partners to develop them. There are over 200 properties in the portfolio, plus a royalty income that keeps the cash burn down. High quality people. The stock has sold off way, way too much.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.920
Owned Owned
Yes

Must be logged in to use chart
COMMENT
Garibaldi Resources(GGI-X) 

November 9, 2017

A typical Sprott speculation. It is either going to really work or really not work. The discovery hole was spectacular, although an odd style of mineralization for where it was in northwestern BC. Management is very credible. Don’t use money that you can’t afford to lose some of.

Mining

A typical Sprott speculation. It is either going to really work or really not work. The discovery hole was spectacular, although an odd style of mineralization for where it was in northwestern BC. Management is very credible. Don’t use money that you can’t afford to lose some of.

Mining
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$3.800
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
GoldQuest Mining(GQC-X) 

November 9, 2017

He likes the deposit and the CEO. They tried to finance them but Eagle beat them. You need to be concerned about the very recent revenue grab by the government of the Dominican Republic. It will be interesting to see how this works out. A great deposit and a great management team.

precious metals

He likes the deposit and the CEO. They tried to finance them but Eagle beat them. You need to be concerned about the very recent revenue grab by the government of the Dominican Republic. It will be interesting to see how this works out. A great deposit and a great management team.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$0.285
Owned Owned
Yes

Must be logged in to use chart
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