PDAC 2017, Day 1: Notes from the Floor

What's going on at PDAC? The Investing News Network has put together a visual round-up of the first day of the show.

pdac 2017

The first day of this year’s Prospectors & Developers Association of Canada (PDAC) conference is now done, and by all accounts it was full to the brim.

Over 900 exhibitors and 22,000 attendees from 125 countries met on Sunday morning at the Metro Toronto Convention Center in Toronto to kick off the four-day conference.

If you weren’t able to make it to PDAC (or if you simply weren’t able to see everything that was on offer), don’t worry. The Investing News Network (INN) has put together a recap of the day’s highlights. Without further ado, here’s a quick look at what’s been going on PDAC.

One of the first presentations of the day was from Joe Mazumdar of Exploration Insights. He gave his thoughts on exploration-stage gold plays and recommended the company Nighthawk Gold (TSXV:NHK).

In the afternoon, Brent Cook, also of Exploration Insights, gave his own presentation, highlighting that gold reserves are dwindling. He said gold juniors “are the place to be, but do your research.”

Allan Barry Laboucan of Allan Barry Reports also presented on Sunday, giving a number of stock picks, including: Tudor Gold (TSXV:TUD), Wolfden Resources (TSXV:WLF) and Sabina Gold and Silver (TSX:SBB). Laboucan is also CEO of Alset Energy (TSXV:ION) and Advance Gold (TSXV:AAX).

Later in the day, John Kaiser of Kaiser Research said in his talk that it’s clear that discovery exploration is back. He also shared one of his favorite stocks, Scandium International (TSX:SCY), and said “cobalt is the next bubble metal.”

Commenting on zinc, he said that the “wildcard is the sustainability of Chinese supply.” Thoughts he shared about other commodities include:

Louis James, editor of the International Speculator, was also at PDAC this year. He shared insights on what he described as “the golden runway,” the idea that after a company reaches the decision to build a mine it will probably build that mine, and will most likely see a big share price rise.

Later in the day, Mercenary Geologist Mickey Fulp shared his research with attendees. He said peaks in the junior resource sector seem to happen in years ending in seven.

In the afternoon, Marin Katusa of Katusa Research gave a wide-ranging talk where he mentioned a couple of his stock picks, Skyharbour Resources (TSXV:SYH) and Uranium Energy (NYSEMKT:UEC).

Later on, Mark Cutifani, CEO of Anglo American (LSE:AAL), provided some tips on how companies can survive in tough times. His three main points were: companies should contribute to the communities surrounding their projects, adapt and innovate and be resilient and generate returns.

The afternoon also included commodity-specific talks. First off, Paul Robinson of CRU Group shared his forecast for the overall commodities space.

Nicholas Carter of UX Consulting spoke about uranium, commenting that last year uranium “had the honor of being the year’s worst commodity.” His spot price forecast for uranium is between $18 to $28 per pound in 2017.

Speaking about copper, Michael Schwartz, market research manager at Teck Resources (TSX:TECK.B,NYSE:TECK), said that after 2019, “there isn’t enough copper production in the pipeline to meet even the lowest-case demand scenario.”

Another high note was a zinc presentation from Andrew Thomas, senior analyst – zinc markets at Wood Mackenzie.

Finally, Rick Rule of Sprott US Holdings shared some of his thoughts on the resource market.

Before wrapping up the day, the INN editorial team visited the PDAC media reception at the Fairmont Royal York Hotel.

Canada’s Natural Resources Minister Jim Carr was present and made a big announcement.

If you’ll be at PDAC on Monday or Tuesday, take a look at our overview of things you should know. And if you’re active on Twitter or Instagram, be sure to use the hashtag #PDAC2017. You can also check out PDAC on Facebook and LinkedIn.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Alset Energy is a client of the Investing News Network. This article is not paid-for content.

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Agriculture
Cannabis
Cobalt
Copper
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Copper - Resource Definition/Pre Feasibility
Copper - Resource Expansion/Feasibility Study/PEA
Copper- Production/Mining
Critical Metals
Diamond
Gas
Gem
Gold
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA
Industrial
Lead
Lithium
Magnesium
Manganese
Molybdenum
Oil
Palladium
Platinum
Potash
Precious
Rare Earth
Silver $0-15m
Silver $15-50m
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Silver $50-250m
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