That Major Revaluation of Gold Is Coming

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Source: Barry Dawes

January 16, 2023 ( Newswire) Barry Dawes of Martin Place Securities takes a look at multiple charts in the resource sector to tell you where he believes it is headed.

Key Points


  • Gold trades above US$1880.
  • Not long now before US$1900.
  • Gold in Euros, Yen, and Pounds looking to move up sharply
  • Could we see new all-time highs above US$2100 VERY early in 2023?
  • Gold has started Wave 3

Gold Stocks

  • XAU above 132
  • 135 very soon
  • 165, not far away.
  • ASX gold stocks breaking out


  • Breaking out above US$4/lb
  • Exceeding that LT resistance at US$4/lb
    • Copper back to 2022 inventory level lows
    • Zinc LME inventories down by 87% in the past year
  • Got DVP?


  • Yields down again
  • Price’s rally

DVP Copper and Zinc

  • Woodlawn
  • Sulfur Springs
  • Mining contracting
  • Market cap ~A$750m @ A$3.40 on 220m shares (diluted)

ICL – Extraordinary WA Explorer

  • 8 major targets
  • 14 >1000m geochem anomalies
  • Gold nuggets confirm nearby sources
  • Market cap A$24m @ A$0.115 on 208m shares

TBN – Extraordinary NT Gas Developer

  • Amungee AH2 horizontal well completed
  • Fracking to commence after current wet period
  • Market cap A$ 353m @ A$0.25 on 1,416m shares


Gold traded higher through US$1880 and reached US$1870.

Gold Stocks

135 resistance is only 2% away. And it should not last long before gold stocks overcome it and head straight for 165.


  • Yields decline further.
  • Bond rally to continue for a while yet.


US$4/lb is important Long Term resistance. Breaking that brings much higher prices.


  • Index at another 12 month low
  • Copper near 12 month low
  • Zinc down 88%!!!!

Zinc is about to break out.

Got DVP?

  • Woodlawn
  • Sulfur Springs
  • Mining contracting
  • Market cap ~A$750m @ A$3.40 on 220m shares (diluted)
  • Copper and Zinc!!


ICL Extraordinary Explorer

  • 14 Mile Well Project – west of Laverton
  • In elephant country
  • Highlighting Celia Fault
    • Castlemaine and Guyer Fault splays
  • Numerous CSIRO UFF+ geochem anomalies
  • Nuggets in paleochannels confirming gold potential.
  • Syenite intrusions as gold conduits and hosts
  • Yet another target found at Goose Well
  • Market cap A$24m @ A$0.115 on 208m shares

14 Mile Well Project – On West Side of Celia Fault

  • An early stage explorer with a difference
  • Economic gold deposits will be found!
    • >800 km2 almost previously unexplored

Eight major target areas. . . and counting.

14 geochem anomalies identified using CSIRO UFF+ technology. All over 1000m – up to 5000m.

Syenite intrusions (host of several nearby major gold deposits/mines) identified on tenements.

Most Advanced Projects

Drilling has confirmed gold presence. Numerous nuggets in paleochannels.


This is developing into something special

  • Downward sloping wedge

  • Break out

  • Back test

  • Surging

TBN – Tamboran Resources

Development of Beetaloo Basin

  • Amungee 2H drilling complete
    • 2413m vertical depth
    • 1275m horizontal section
  • Drilling completed in December in 38 days and under budgeted cost and time
  • 5 1/2 inch casing will allow higher sand and fluid input rates and higher gas outflow volumes
  • 24 stages planned for fracking
  • Awaiting weather clearing to mobilize fracking fleet in March Qtr
  • 5TCF 2P reserves targeted for 2025 worth A$6bn
  • Market cap A$ 353m @ A$0.25 on 1,416m shares

TBN has successfully drilled its two operated wells much faster than Santos and Origin. Faster wells are cheaper wells (daily rig rate cost)

  • 5 1/2 inch casing will allow higher sand and fluid input rates and higher gas outflow volumes
    • 5 1/2 inch casing has a 22% larger diameter than 4 1/2 inch but has a 50% higher diameter area.

Net Undiscovered Prospective Resources 116TCF

TBN – Also Developing into Something Special

  • Downward sloping wedge
  • Break out
  • Back test
  • Moving higher

Opportunity is knocking. Timing is everything.


1) Barry Dawes: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, has a consulting relationship with: None.

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