Goud en Zilvermijnen

[Spruitje]

Nieuwsbrief van Jim Sinclair.

Tanzanian Royalty Exploration Corporation Report - Notification of Testing of the completed Buckreef Gravity Recovery Circuit for restart of production

TORONTO, ONTARIO--(Marketwired June 16, 2016) -Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the "Company") is providing the following report with respect to the Carbon in Leach (CIL) Gold Recovery Plant Installation at Buckreef.

During its period of force majeure, the Company was unable to perform many functions. Although we were unable to mine and process our gold bearing material, we were not at a complete standstill. We were able to perform the functions which could be safely undertaken and protected by our security services. During the time out, we began installation of the gravity recovery component of the future CIL plant. Over the course of this week we will begin testing the gravity circuit by processing three different ore types; sulphide, transition and oxide. This testing is to insure that the crushers are set up to effectively process the ore types to the required size and to identify any issues that might need correction or recalibration. Once the material has passed the crushers it will then report to the scrubber where it will be turned into a slurry prior to actual gold recoveries using a simple concentrator and shaking table. This will serve to establish a benchmark of free recoverable gold. Samples of each gold bearing material type will be taken and submitted to Mintech Lab in Mwanza to establish the grade of the material tested. As we are able to resume our processing functions now, we will be able to proceed with the new CIL plant without any significant delay as we make the conversion from our former Carbon in Column (CIC) plant to the new plant.

As we complete our testing phase of the gravity recovery component, all indications are that we will have the potential to begin generating steady cash flow. Currently, our plan is to implement the second phase of the CIL expansion from treasury. With the completion of the entire gravity/CIL plant we anticipate experiencing significantly faster production with substantially improved overall rates of recovery. The shorter processing time will be very advantageous and very importantly, the plant will be an environmentally safer and a more responsible solution in our gold processing.
There are photos of the new plant available on the Company homepage at: http://www.tanzanianroyalty.com
It is my pleasure to provide operational updates as we move forward.

Respectfully submitted,
James E. Sinclair
Chief Executive Officer

[Gwyde]

Until Thursday, stock markets have been trending higher, with the DOW closing above 18000. Precious metals had been grinding lower, with short bets increasing synthetic supply on Comex futures. The Brexit vote leaves financials wrong footed: the Friday plunge of stock markets around the globe wipes out earlier timid gains, while precious metals rallied.

The Dow and S&P lose about 3.5% and end up fractionally negative for 2016. Over the week the loss is contained to about 1.6%.

Precious metals rallied, wiping away any declines earlier in the week. Gold rallied 4.35% on Friday, up 1.35% for the week and closing at $1315.6, silver added 2.78% on Friday, up 1.43% for the week and closing at $17.72 (after breaking $18 intraday). Even Platinum added 2% and is up 1.65% for the week, closing at $984. Palladium has been the outlier throughout the week, strengthening till Thursday and easing on Friday, but nevertheless holding on to a 3% gain for the week. Pd was closing at $548.

Miners had been trending lower, interrupted by a recovery on Wednesday with Gold stabilizing. On Friday miners ignored the stock market plunge and rallied with the precious metals. The HUI ends the week up 4.74% to 237.9, with HUI/Gold firming to 0.180. You find updated graphs on the gold miner pulse blog page. The miner performance page also has been refreshed. There now are 21 miners (out of 94 in the GMP database) advancing since Nov 2010. Four list components have more than doubled.

Among our benchmarks, gains are in a narrow range from 3.57% for GDX to 3.69% for SIL. Only GLDX does better with a 6.6% weekly advance. We couldn't continue outperforming this week, but the 2.14% gain on our Contributor driven Explorer and Junior Miner Spreadsheet, lifts us out of the red to a fractional (0.9%) long term gain. Advances (13) outnumber declines (5) this week, but we're lacking the double digit gains that can make the difference. BTG comes close with a 9.55% gain and cutting its long term loss to single digits. Sandstorm comes close to break-even, but we're still at 7 long term advances against 11 declines.

[Dirkgold]

Close op 5 vandaag , nieuwe high.
Ath nu 5.03

1300 staat er nog niet bij. Presentatie van begin juni.

[Dirkgold]

Nieuwe ATH 5.19
Gaat wel snel.
Had een ( kleine ) terugval verwacht in goud en de mijntjes.

Deze foto hoorde bij het bovenstaande. Samen was het bestand te groot om te uploaden via ipad.

[Dirkgold]

Op nieuw een ATH.
5.53
Mooie stijging vandaag . Dikke 11%. 5.48 nu.
Sit back and enjoy the ride........

[Leo3.14]

Tanzanian Royalty Exploration.

Sinclair zijn mijn gaat het redden blijkbaar.
We moesten ze gekocht hebben @ 0.2$ : staan alweer 1$....

[Leo3.14]

pardon, 1.15$

[Leo3.14]

pardon, 1.32

[Indiana Jones]

pardon, 1.32

TNX.to is al C$ 1.51 geweest
Ik heb ze in USD (TRX) en inmiddels weer van U$ 1.32 naar U$1.02

De bijzondere nood omstandigheden zijn nog immer van kracht, maar Sinclair belooft
(zoals altijd) veel goeds en op die belofte gaat het aandeel omhoog.

Ik heb er nog steeds een doos van staan, maar dan moet het eerst 3x over de kop
wil ik break even komen.

Ik wacht dus af en .... zoals altijd: we gaan zien.

[Gwyde]

The global response to the Brexit has been to gear up liquidity injections in order to fence off a recession and/or stock market melt down. The plunge of the £ didn't urge the BOE to intervene, neither did long term interest rates rise in the UK. Sterling denominated bond holders were to swallow the depreciation. Financials had a hard time, but stock markets made a swift recovery. Decent job creation data in the US fuel the rally. At 2129.9, the S&P is at a sigh of an all time high and the Dow also regained 18,000.

Unlike before, the liquidity flow into the stock market isn't at the expense of precious metals. Whereas gold is up 3.3% since June 30, closing at $1365.4, the 'white' precious metals took the lead, with silver surging 8.3% since end June to close at $20.25 on Friday. Platinum no longer is a laggard with a 7.25% advance since end June and a first intraday high above $1100 since June 2015.

Among precious metal miners, the rally seems turning into a stampede. The HUI is up 10.1% since end June, making HUI/Gold firm to 0.199. You find updated graphs on the gold miner pulse blog page.
The miner performance page also has been refreshed. There now are 24 miners (out of 94 in the GMP database) advancing since Nov 2010, meanwhile nine list components have more than doubled.

Reservoir Minerals (with a 142% gain the top performer on our list) was acquired by Nevsun. On June 23, the deal with Nevsun Resources (NSU) has been finalized. NSU pays in a combined share / cash deal: RMC shareholders receive two NSU shares + C$2.00 per RMC share. Using the last available NSU share price of C$3.93 at the July 4 close, this values the RMC shares to C$9.86. We exit our position at that price and move the line over to the 'successful exits' Tab of the spreadsheet, where average gains now are boosted from 40% to over 60%. Its place is taken by explorer/developer Osisko Mining Inc. (the former Oban Mining) entering the list at C$2.52, the Friday close.

Despite taking off the top performer, our Contributor driven Explorer and Junior Miner Spreadsheet now posts a 6.94% gain, up almost 6% since June 24. List components are up across the board, with only Asanko flat. Over the long haul, we have 7 picks advancing. BTG joined the long term winners, while Sandstorm posts at a sigh of breaking even. Miranda Gold impressed, rallying 72% since June 24 and cutting its long term loss to single digits.

Our long term list gain is due to few top performers, having doubled since inclusion: Mirasol Resources, Pretium Resources and MAG silver, while Oceana Gold (+99%) is knocking at the door. I'm monitoring Golden Arrow Resources (GRG.V), rallying impressively on the day it was recommended by Silverwood. Is the take-over premium factored in by now? On KWN news, I heard Rick Rule use the word 'frothy' for explorer valuation, for the first time since early 2011.