A Discussion with Ivan Bebek of Auryn Resources

88

With the ongoing rally from the 2015 lows, we're trying to focus this year on some individual mining shares that may do well in the months ahead. This month, our focus is on Auryn Resources and its chairman, Ivan Bebek, was kind enough to stop by TFMR for this informative discussion.

Over the course of this call, Ivan discusses:

  • His outlook for gold and the seasonality of price trends
  • The future of the mining industry and share prices
  • How he evaluates which mining companies offer the best investment potential
  • His own company, Auryn Resources, and what makes them different.

More information can be found at the Auryn Resources site: https://www.aurynresources.com/ You can also click the ad on the right sidebar of the homepage for additional details.

Thanks again to Ivan and we wish him all the best with this latest venture!

TF

  88 Comments

AIJDingo
Feb 28, 2016 - 12:06pm

My Stack Re:

Dingo........BINGO!

I'm on the same page. I never want to sell my PM's; however, the shares are for making fiat to stack more metals.

The way I see this going forward for me:

  • Sell my shares and buy and sell and buy etc to make fiat to stack more metals
  • Convert silver into gold at a GSR of 25, 20, 15, 10 etc.
    • But not all of my AG maybe up to 40%
  • The only reason to sell ANY PMs is for SURVIVAL and only bars first, coins last.
  • I hope I NEVER have to sell ANY of my PMs
  • Realistic? Maybe? I don't know, but hey, a bad plan is better than no plan which 99% of the populace have.... NO PLAN.
cashonly
Feb 28, 2016 - 12:26pm

Excellent Barfly!!

We have not really discussed in detail where the 'goal line' for PM investing is. I have to believe your 100% correct that TPTB will be encourage the masses to disgorge there holdings, with full media horn blowing, at precisely the WRONG time.

I have one problem with the 'dual currency' scenario: Let's assume there is a 'schiess dollar" and a gold backed dollar for trade. At this stage of the game 90% of what we consume is imported. That means the payment by the consumer is in scheiss dollars but the payment to foreign exporters is in GOLD? The only way this works is to either already have a system whereby scheiss dollars are accepted by vendors (TPP, TTIP?) or the US begins manufacturing again. Of course the name of the game would be CHEAP LABOR and we would need a lot of it. Maybe we could encourage folks south of the border to come in? oh wait ........ they already here.

Grey Mare
Feb 28, 2016 - 12:30pm

good interview

Yes - thanks to Turd and Ivan for the interesting and informative interview. A good question to ask those in charge of promising exploration projects is how they intend to finance the project going forward. This can make or break the investment decision and help one make the purchase at the best time. Auryn has an ambitious but challenging task ahead of it; Nunavut (that's the Arctic to non-Canadians) may be a safe jurisdiction, but it is not a cheap one. Auryn has only about 4 million in cash on hand (but does have some other assets). It is going to take a lot of money to define the resource and then get into production. On the other hand, there are only 56 million shares outstanding (fully diluted). Folks who are interested in investing may have the opportunity of taking part in private placements (where you sometimes get warrants as well as shares at a good price). Even if you are not considered a 'qualified investor' and able to take part in placements, you may wish to wait until a placement is issued to buy shares on the open market, because the placements tend to drive share price down for a while. Or, you may simply wish to 'watch' the company until it is in a position to be bought out or develop the resource itself without raising capital. You will buy at a higher price but you won't have to sit around as long with our money tied up and see your shares get hit every time more shares are issued. This is information that any potential investor needs to know to make the best entry on the stock.

GM

tyberious
Feb 28, 2016 - 1:01pm

belangp

Architects Part 1 - The Gold Commission

Architects Part 1 - The Gold Commission
J.P. Cubish
Feb 28, 2016 - 1:26pm

Awesome

This is great content. Love to hear from people in the industry much more than arbitrary conspiracy stuff, although that has its place as well. Gold is money. Keep it real. Oh yeah, there is this Ethereum thing, and it's kinda like Bitcoin but not, and it's gone up by 7.5X so far this year, and you might want to look into it. Keep stacking.

Johnofg
Feb 28, 2016 - 1:55pm

Usdjpy forecast

Linked Zh article speculated usdjpy goes to 50, so that and s&p are obvious shorts, but the obvious long trade(s) to make( should one believe the usdjpy is going to those levels) are not too hard to discern for this forums viewers and participants .

https://www.zerohedge.com/news/2016-02-28/saxobank-cio-shorting-everythi...

SteveW
Feb 28, 2016 - 2:45pm

ag1969: GcMAF

This is an additional commentary on the biology. GcMAF (macrophage activating factor) is itself a protein that is derived from Gc (which is the vitamin D binding protein) by sequential deglycosylation of two of three attached sugar residues. A single N-acetyl-galactosamine residue remains attached, which would be susceptible to removal by N-acetyl-galactosaminidase (nagalase), presumably destroying the macrophage activation potential.

Macrophages are only one part of our complex immune system. Cytokines are released by B and T lymphocytes as well as macrophages. Cytokines bind to cellular receptors and in some cases target cells for destruction, likely by T-killer cells.

https://www.ncbi.nlm.nih.gov/pubmed/20079467

"The glycosylation and characterization of the candidate Gc macrophage activating factor.

Abstract

The vitamin D binding protein, Gc globulin, has in recent years received some attention for its role as precursor for the extremely potent macrophage activating factor (GcMAF). An O-linked trisaccharide has been allocated to the threonine residue at position 420 in two of the three most common isoforms of Gc globulin (Gc1s and Gc1f). A substitution for a lysine residue at position 420 in Gc2 prevents this isoform from being glycosylated at that position. It has been suggested that Gc globulin subjected sequentially to sialidase and galactosidase treatment generates GcMAF in the form of Gc globulin with only a single GalNAc attached to T420. In this study we confirm the location of a linear trisaccharide on T420. Furthermore, we provide the first structural evidence of the generation of the proposed GcMAF by use of glycosidase treatment and mass spectrometry. Additionally the generated GcMAF candidate was tested for its effect on cytokine release from macrophages in human whole blood."

SteveW
Feb 28, 2016 - 2:53pm

Sacred stack

Outstanding post Barfly.

I also have no plans to sell any of my stack, except for being forced to in order to provide for my daily living expenses. I anticipate that most will be passed on to my heirs, considering my age and the long, drawn out collapse of the currency ponzi.

It was not always so, as I have previously noted. My own grandfather used both gold and silver coins in the early part of the last century but WWI started the rotten scheme in earnest.

Human MushroomJ.P. Cubish
Feb 28, 2016 - 3:28pm

Re: Awesome

"Oh yeah, there is this Ethereum thing, and it's kinda like Bitcoin but not, and it's gone up by 7.5X so far this year, and you might want to look into it."

I've only studied cryptocurrencies for about a month, and then only the surface. This "Ethereum thing" is created by a consortium of a great many of the big banks. Look up R3CEV.

Call me paranoid, but if TPTB are trying to compete with Bitcoin, I'm sure they will easily succeed in getting the unaware people to jump on board.

They are also creating a virtual nation. Gee, I wonder what they could do with that?

https://news.bitcoin.com/pax-an-ethereum-powered-virtual-nation/

I'm sure that the idea of a NWO, or a virtual world nation with it's own digital currency under total bankster control is just a coincidence that they seem so similar, right? I'm also sure that all this has nothing whatsoever to do with Bitcoin becoming more popular with people, and that Bitcoin has the potential to have traditional banking, and their control, swept into the trash can. Yup, it's just a coincidence that the banksters all of a sudden have this tremendous interest in promoting THEIR blockchain as the second coming, while any news related to Bitcoin is always viewed in a negative light, or that it's failing.

That's right, I'm just a tinfoil hat wearing kook. It's one of my biggest faults, seeing things that aren't really happening. So in reality, you should just ignore anything I say. It's my imagination going berserk., again.

On the other hand, perhaps it can be traded to make some short term gains. Just don't be in their system when the changeover occurs. Oops! Their I ago again. Sorry.

Human Mushroom
Feb 28, 2016 - 3:37pm

Re: Awesome

As a side note to my previous post, it's very obvious that Bitcoin is a very good idea. Actually, it's the blockchain that's the good idea. If the banksters view it as better than sliced bread, well, then it must be great for Bitcoin, too.

What the banksters are inadvertently doing is legitimizing Bitcoin. They're just trying to get the sheeple's attention away from Bitcoin.

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