$DMNKF DNI Metals: Bob Moriarty & Maurice Jackson
http://www.kitco.com/commentaries/2017-07-07/...s-Why.html
Maurice Jackson : Bob, you highlight these ratios in your book, Nobody Knows Anything, and we’ll get to that shortly. Now on your sites, 321Gold and 321Energy.com respectively, you provide very comprehensive insights on junior mining companies that offer truly amazing value proposition for speculators. Which ones have your attention at the moment?
Bob Moriarty : Well, one of the ones that you actually visited was DNI Metals. They’ve got a graphite project in Madagascar. And I unfortunately had a stomach upset and couldn’t make that trip. I really want to get over there in August and I’ve bought some shares in the open market. I participated in the placement.
There is going to be a transition in the next 10 years that we can’t even imagine where we’re going to transition to electric cars that are computer-run. They’re going to be self-driving vehicles. The same thing is true with aircraft.
An electric vehicle using batteries consumes I think six times as much copper. But the batteries require three minerals that are in shortage. They require graphite and they require cobalt for most of the lithium batteries. And they require lithium.
I think the demand for all three of those commodities – these are not commodities in shortage. I mean that’s what’s very important to understand. We know where there is lots of lithium. There is no shortage of lithium. We know where there’s lots of cobalt. And we know where there’s lots of graphite.
However, the demand is increasing far faster than we can increase the production. So, investing in companies that are in one or all three of those commodities could be extremely attractive. Now, I don’t know who it was, Jim Dines or somebody came out and started the lithium boom and then just started a graphite boom and started a cobalt boom. And all those commodities have come back to where they were before. So they’re very cheap now and there are a number of good companies in cobalt, a number of good companies in lithium, and a number of good companies in graphite. So I think there’s a lot of opportunity there.
There are some things that you can say are true and there are generational. I mean there are things that are going to last for 15 or 20 years. In 1999 and 2000 and 2001, I was beating the drum for gold and silver. And in fact, silver got down to $4 an ounce. Gold got to $252. They were generational. And gold at $1,250, if you bought it $1,900, you’re very upset. But if you bought it at $252, you’re just laughing.
I was buying silver at four and a quarter and four and a half dollars. I bought a lot of silver under $5 an ounce. I don’t care if silver goes down tomorrow. It doesn’t affect anything at all. You need to buy things when they’re cheap and sell them when they get expensive. Lithium is cheap. Cobalt is cheap. Graphite is cheap. You need to buy it now. If these things go up five or ten fold, sell them and take your profit and put it into something else.
Maurice Jackson : And we just want to echo what you shared with us at DNI Metals. We did have an opportunity to visit the site and Dan Weir, the CEO there, has done a remarkable job there. And the value proposition is quite enticing. We encouraged listeners to please take a look at the interview we conducted. And I know you share material in reference to DNI Metals as well.
http://www.kitco.com/commentaries/2017-07-07/...s-Why.html
Maurice Jackson : Bob, you highlight these ratios in your book, Nobody Knows Anything, and we’ll get to that shortly. Now on your sites, 321Gold and 321Energy.com respectively, you provide very comprehensive insights on junior mining companies that offer truly amazing value proposition for speculators. Which ones have your attention at the moment?
Bob Moriarty : Well, one of the ones that you actually visited was DNI Metals. They’ve got a graphite project in Madagascar. And I unfortunately had a stomach upset and couldn’t make that trip. I really want to get over there in August and I’ve bought some shares in the open market. I participated in the placement.
There is going to be a transition in the next 10 years that we can’t even imagine where we’re going to transition to electric cars that are computer-run. They’re going to be self-driving vehicles. The same thing is true with aircraft.
An electric vehicle using batteries consumes I think six times as much copper. But the batteries require three minerals that are in shortage. They require graphite and they require cobalt for most of the lithium batteries. And they require lithium.
I think the demand for all three of those commodities – these are not commodities in shortage. I mean that’s what’s very important to understand. We know where there is lots of lithium. There is no shortage of lithium. We know where there’s lots of cobalt. And we know where there’s lots of graphite.
However, the demand is increasing far faster than we can increase the production. So, investing in companies that are in one or all three of those commodities could be extremely attractive. Now, I don’t know who it was, Jim Dines or somebody came out and started the lithium boom and then just started a graphite boom and started a cobalt boom. And all those commodities have come back to where they were before. So they’re very cheap now and there are a number of good companies in cobalt, a number of good companies in lithium, and a number of good companies in graphite. So I think there’s a lot of opportunity there.
There are some things that you can say are true and there are generational. I mean there are things that are going to last for 15 or 20 years. In 1999 and 2000 and 2001, I was beating the drum for gold and silver. And in fact, silver got down to $4 an ounce. Gold got to $252. They were generational. And gold at $1,250, if you bought it $1,900, you’re very upset. But if you bought it at $252, you’re just laughing.
I was buying silver at four and a quarter and four and a half dollars. I bought a lot of silver under $5 an ounce. I don’t care if silver goes down tomorrow. It doesn’t affect anything at all. You need to buy things when they’re cheap and sell them when they get expensive. Lithium is cheap. Cobalt is cheap. Graphite is cheap. You need to buy it now. If these things go up five or ten fold, sell them and take your profit and put it into something else.
Maurice Jackson : And we just want to echo what you shared with us at DNI Metals. We did have an opportunity to visit the site and Dan Weir, the CEO there, has done a remarkable job there. And the value proposition is quite enticing. We encouraged listeners to please take a look at the interview we conducted. And I know you share material in reference to DNI Metals as well.
