Again this week, The Prospector News’ Mike Fox and I tackled the Federal Reserve…Mike gave us a new “word theme” for the day’s discussion (and so did I)… |
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…Most of all, though, OUR DISCUSSION demonstrated how pretty much everyone is unable (or simply unwilling) right now to see the forest for the trees where inflation is concerned; including Fire Marshall Jay himself. Though markets have finally come a bit to their senses of late and acknowledge that there won’t be six 25-bps rate cuts…or five…or four…or maybe even three…in 2024, there is a greater realization that has yet to take ANY meaningful hold. And that is–for the myriad reasons I discuss with Mike–we have already seen pretty much the lows for inflation’s rate of increase softening…will see it move higher anew (as it has already started doing in more measures than not)…and why nothing short of a deep recession is going to change that story. And even a nasty recession and/or deflationary interlude in the markets will but interrupt for a short time THE TRENDS WE DISCUSS. What I have been calling all along “The Great Stagflation” is here to stay. Give this one especially a careful listen…then listen again. The most probable outcomes on a few fronts are ones that pretty much nobody has on the “Bingo card” for 2024. ______________________________ |
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An already compelling “Green mining” story in BacTech Environmental (CSE-BAC; OTCQB-BCCEF) just got a whole lot better and potentially more explosive after Friday’s close. The main story you already know (or should.) If not–or for a refresher–you can watch my most recent profile update RIGHT HERE, where I visited several weeks ago with C.E.O. Ross Orr. After the market close on Friday, BacTech ANNOUNCED a patent application filing (essentially global as a practical matter) that would particularly take its ongoing work in Canada a BIG step further. As recently as that latest above-linked discussion we brought you up to speed not only on near-term plans to begin construction of the company’s plant in Ecuador but also on BacTech’s work in the Sudbury Basin in Canada. Independent estimates suggest that as much as 100 million tonnes of tailings from past nickel (mostly) mining in this region exist; tailings where the company has confidence already that its processes can recover discarded metals as arsenic, sulfur, etc. are mitigated. But the Intellectual Property advances and last week’s filing by the company’s V.P. Dr. Paul Miller suggest that considerable new ground is about to be plowed. Beyond the company’s already-known process to extract metals of most kinds from such material, it’s now Dr. Miller’s/management’s contention–based on Dr. Miller’s ongoing work–that much more can be accomplished via “…the inherent mechanisms of bioleaching.” “This process,” notes the release, “aside from effectively extracting valuable metals like nickel, copper, and cobalt from pyrrhotite or pyrite tailings, uses eco-friendly technology and sustainable power sources to eliminate all waste during tailings reprocessing operations, delivering a first-ever zero-waste, low-carbon liberation, and extraction approach for valuable metals recovery.” (Emphasis added.) As Orr explained to me last night when we visited by phone, taking the bioleaching process to its conclusion can also lead to both iron recovery to be used in steel making and even an organic fertilizer product. Indeed, Orr contends, as much as 90% of the total value in tailings materials such as those specifically at issue in Sudbury (which would probably have long since been deemed a “Superfund” area/story by the E.P.A. were it in the U.S.A.) could conceivably come from the iron and fertilizer production! In his usual “Sunday Morning Coffee” missive a few hours ago, Orr added more color to all this, explaining it in layman’s terms and furthering defining just how groundbreaking this all could prove to be (you can read that RIGHT HERE; AND I would urge you to sign up for Orr’s mailing list to see these missives in the future.) This is uber-exciting stuff folks! I’ll have a more detailed follow-up not many days hence, in part in an updated profile on the company in one of this month’s looming Special thematic Issues. ______________________________ Finally, coming early this week…. |
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(With apologies to the late, great Zero Mostel, et al) Ah, those bright, promising days of early 2021! We had a new American president who made a core promise to the American people to do away with the hated, “dirty” fossil fuel industry. The picture was painted of solar panels and wind farms intermingled with wild flowers in the fields…a “green” Electric Vehicle (E.V.) in every garage…etc. Soon at his side was the first Treasury Secretary in American history not nominated for her financial acumen. Janet Yellen’s “qualifications,” rather, were 1. Her founding membership on an international “Who’s Who” team of global warming/climate change crusaders and 2. Her promise to use her financial and legal muscle as Treasury Secretary to bring President Biden’s promise of driving the fossil fuel industry into extinction into reality. The outcome has been very different. And among a few different “angles” we’re going to approach all that from over the balance of April is my newest Special Issue I’m finishing up, entitled, “A Funny Thing Happened on the Way to The Energy Transition” (those of you old enough and/or knowledgeable enough on some of the great comedic plays and movies of all time will get the reference!!) Be on the lookout! ____________________________
For Membership with The National Investor to avail yourself of all Chris’ portfolio recommendations and more, visit https://www.nationalinvestor. All the best, Chris Temple Editor/Publisher Don’t forget that those of you so inclined can follow my thoughts, focus, occasional news on covered companies AND MORE pretty much daily ! ! ! * On Twitter, at https://twitter.com/ * On Facebook at https://www.facebook.com/ * On Linked In at https://www.linkedin.com/ * On my You Tube channel, at https://www.youtube.com/c/ |
