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KMW Blog Aug 31, 2016: Interview by Shelly Kraft of StockNewsNow during 2016 Sprott Conference


Posted: Aug 31, 2016JK: Interview by Shelly Kraft of StockNewsNow during 2016 Sprott Conference
Published: Aug 8, 2016SNN: John Kaiser, Kaiser Research Online - How He Plays Junior Mining Sector Right Now
Shelly Kraft of StockNewsNow interviewed me during the 2016 Sprott Natural Resource Symposium where on July 28, 2016 I presented What is that Exploration Junior Worth and Why during the General Session in the morning, and Examples of Outcome Visualization during a Workshop in the afternoon. The two presentations outline my approach to valuing resource juniors, in particular earlier stage juniors where a 43-101 economic study has not yet been published. The SNN interview first discusses the overall market situation and then describes my Outcome Visualization. I spent several weeks early August in Australia embedded with the IT team that is developing a crowd based version of outcome visualization which should be ready for beta testing in Q1 of 2017. Anybody interested in becoming a beta tester should contact John Kaiser.

The Sprott conference which ran July 26-29, 2016 was well attended by paying delegates, many of them from the United States. Following last year's conference I created an index of the publicly traded exhibitors involved in the resource sector (51 companies - see Sprott-Stansberry 2015 Symposium Index). Participation as an exhibitor equires an invitation from the conference organizers, whose main criterion is that the company is in some manner supported by the Sprott-Global complex headed by Rick Rule. Most of the 2015 exhibitors also exhibited at the 2016 conference, with Midas Gold Corp a notable absence following a management decision to finance in January 2016 in order to keep the Stibnite project on a permitting track rather than hibernate as an optionality play. The group drifted modestly lower like the rest of the resource sector until the last week of January 2016 when the 2015 Index underwent a sharp reversal which delivered a 200% gain until peaking in early August when the summer doldrums finally kicked in. The KRO 2016 Bottom-Fish Index consisting of 100 juniors delivered a somewhat better collective gain during the same period, and has experienced a similar retreat during the last few weeks of August.The big question is whether the August lull is just a breather ahead of a traditional fall rally after Labor Day (the kind that has not happened for a number of years), or the end of what some think was a relief rally within a five year bear market that has another couple years to run before conditions for a true turnaround are in place. I suspect the late January 2016 turnaround was a genuine turning point for a resource junior bull market that will run into 2018.

 
 

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