Sheep Are Idiots

Apologies for the picture quality in this piece. I can’t get the old school photos out of the old photo album -they’re stuck down firm after 40 years under a sticky plastic film, so I had to take pictures of 40 year old photos.

Reputation: Sheep are stupid, defenceless and harmless creatures that mope about on hillsides doing not very much. They are good for two things: being eaten and producing wool.

Sheep. I like them but I also think they are complete idiots. I like them because a) they’re tasty when they’re young and lamby, and b) they’ve kept me amused through many long field days, providing a welcome low-IQ distraction from having to take notes about boring grey-green rocks in a sodden note book. But they are irredeemably stupid.

Too stupid to get a proper haircut

Animal lovers and cuddly vegans would have us believe they’re sentient, caring, intelligent beasts capable of protracted abstract thought. For example, here’s a glowing report card I found on an animal rights website:

“One example of their amazing intelligence is that sheep are capable of recognizing all kinds of faces. They recognize sheep in their flock and are aware when these sheep are missing. They can recognize “bully” sheep and get distressed when they come around. These sheep can even recognize the person who cares for them and the sheepdog that herds them! If the appearance of another individual is altered, the sheep have no problem still identifying who it is, and they can keep track of over 50 different sheep faces! If you make a sheep mad, chances are they are going to remember you and that event for over two years! Talk about a grudge.”

Oooh. Convincing eh? But I have to ask, have these mutton-loving snowflakes ever met a sheep? Leaving aside my vague disquiet at the the thought of a crew of grudge-bearing inked-up sheep casing my house at night and mugging the dog in the back yard, I don’t buy a word of it. They also claim that sheep have decent enough memories to form friendships and they feel sad when one of the flock is hauled off to Sam The Butchers for its final date with sausage machine. But everywhere I’ve worked, except down a mine -no sheep there, funny enough- I’ve only ever seen sheep, and their close cousins goats, studiously eating grass which is not what I’d call a challenging intellectual pastime. Hence, building on decades of keen science-based observation (trust me, I’m a geologist) I’m now 100% certain that they’re not the brightest knives in the animal cutlery drawer. They’re dumb as planks and the field researchers who call them smart have never actually interacted with a real sheep in a real field trying to do something that isn’t stupid or involving grass.

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Impressions of PDAC 2022

Line Ups, Cut Outs & Simulcasts

In this brave new COVID world, the threat of infectious diseases is everywhere. So, when Father’s Day weekend came around just post-PDAC I was feeling pretty sorry for myself. I was sleeping in a partly finished bedroom, smelling slightly of ammonia, my face and hands covered with white spots. In a moment of rashness I’d told my wife -the mother of my 2 wonderful boys- I’d do anything for her so she sent me to Home Depot to buy a gallon of Pearl White Matt paint to freshen up the dreary basement bedrooms. A father’s work is never done.

Painting this gave me spots

PDAC is over for another year and the rigours of yet another 5 day trip to Toronto are finally behind me. It was good(ish) to get back in person to the concrete wasteland of Front Street: My colleagues and I skipped the on-line version in March 2021. Zoom fatigue was really beginning to bite so the thought of “standing” in a virtual booth for hours (which in reality meant sitting in my home office in boxers and a wrinkly shirt) waiting for e-Investors to google their way down Aisle 6 didn’t appeal.

Line Ups and More Damn Line Ups

In the week leading up to this year’s show, the Canadian press was replete with stories about the chaos at Lester Pearson airport in Toronto. Massive lines ups, lost luggage, absentee staff – CBC’s website would have us believe civilization was falling apart starting with Gate A36. Pierre Pollywotsit, the erstwhile conservative (the small c is deliberate) Prime Minister of Canada, even filmed himself striding purposefully -nay, manfully- through Lester Pearson pronouncing loudly and totally apolitically that it was the worst airport in the world. To which I can only say he’s never been to Karachi, Tehran, Newark, Leeds / Bradford, large chunks of Frankfurt airport, Manchester, Kabul and any one of a couple of hundred others. The man should get out more. Personally, I had no issues on arrival until that is we got to the baggage carousel and the de rigueur 50-minute wait for bags kicked in.

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Expansionist Tripe

Social media is full of idiots. Doesn’t matter what topic you’re following -astronomy, koala bears, aliens or cross-dressing nuns – someone has a stupid fringe opinion that they’re going to try to ram down your throat.

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I’m a intellectual, innit?

In a moment of rashness a few years back, I joined some Facebook geology groups. Learning Geology Community (53k members), Geology and Geologists (123k members), and Fossils Rocks & Minerals (27k members). I wanted to spread the word to all those lucky people about my blog (ha, ha, good plan), and maybe mentor a few newbie geologists. Thanks for the help Uncle Ralph!

It didn’t take long before I was filtering out posts from lazy students trying to get their homework done for free, and lots of “please tell me what is value?” posts with fuzzy photos of grubby little grey chunks they found in a field and think is a meteorite and not a grubby little grey chunk.

And I wasn’t the only one hoping to educate the masses. Pseudoscience posts soon started appearing in my feed; so-called geologists lurking on the dodgy fringes of our fair science, pushing an alternate version of geological reality. Flat-earthers, creationists, climate change deniers- it’s a long list- but one flavour pops up far too often for my liking.

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A Few Thoughts On Optimism In Exploration

This slightly sarcastic piece was massively improved by contributions from 4 colleagues: -Brent, Owen, Neil & Mike- all of whom I’ve been lucky enough to know for years. Thanks chaps. You’ll be able to spot where I’ve used your stuff.

Optimist. noun

  1. a person who tends to be hopeful and confident about the future or the success of something. “only an eternal optimist could expect success”

Bananas

A bit like a 99-year-old man with heart failure buying green bananas, exploration geologists are optimists. We have to be. A bad case of pessimism would be a huge impediment to building a geological career that survives past the initial 5-minute interview with the VP Exploration.

A bunch of optimism

“Can I have a job please? I don’t think we’ll ever find anything, but I’ll give it a go if you pay me.”

“WTF? No. No. No. Who let you in? Piss off. I don’t need a depressed hat stand on my team. Please don’t slam the door.”

A wellness website  I picked at random for its daft name, has this to say about optimism. “(it) is a mental attitude characterized by hope and confidence in success and a positive future. Optimists … expect good things to happen….. Optimistic attitudes are linked to a number of benefits, including better coping skills, lower stress levels, better physical health, and higher persistence when pursuing goals.”  To which I’d add “poverty” if your optimism is directed at the junior mining sector, although strictly speaking that’s not really a benefit.

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The G-Word: Use and Misuse

With the advent of instant social media -the breakneck world of twitter and bulletin boards where everything and everyone is dissected by impatient investors- I’ve noticed a disturbing trend; a tendency to throw the moniker “genius” at any geologist running a junior that cuts a decent hole into a new discovery. This vexes me.

The junior exploration world revolves around new discoveries. It’s what we live for. Everyone gets excited when someone finds something significant; shareholders, management and the bankers all make money and new mines get built. Hats off to the individuals and teams that have made new economic discoveries. Huzzah.

Son, hang around long enough with me and you’ll be averagely intelligent too.”
“Thanks Dad, can’t wait.

I had the tingly pleasure of drilling a really hot hole once, but it was for a major company and I was a simple salaried geologist. The drill hole results didn’t make the news, but it was a belter. We cut 50m at 11g/t gold and couldn’t talk about it, which was shitty: it was completely immaterial to the big mining house.

If I’d drilled it for a junior company, the stock would’ve rocketed, and the next retail investment conference would be buzzing with people heading to our corporate booth to hear the inside scoop and tell us how amazing we were. I’d be writing this blog from my deck overlooking a warm, blue bay, plucking fresh mangoes from the tree and sipping fine, vintage rum. Alas, I’m in cold, rainy Vancouver, drinking lukewarm tea, squishing big, dopy ants waking up from the winter that think it’s fun to crawl up the inside of my back door. Such are the cards we’re dealt.

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Know Your News Releases

I’ll Take Disclosure for $500 Please.

Urbancrows’ adult education series continues today with a post focused on junior mining company news releases.

All the news that’s unfit to print.

Writing a good mining/exploration news release takes patience, skill, persuasive rhetoric and apparently, for some companies, a shit ton of old fashioned chutzpah.

They come in many flavours, ranging from 100% plain-vanilla factual to 100% artificially-enhanced, bubblegum fiction.

Whether it’s regulatory or technical, these are some of the different types of releases that you can find on the wires on any given day. Many were suggested by my eclectic and awesomely intelligent group of mining buddies who’ve seen just about everything there is to see news-wise given their hundreds of collective years of experience. (Thanks, Whatsapp & Twitter crowds, you know who you are.)

I thought it would be fun to also throw in a quick question suggestion to put to the IR person if you’re motivated enough to call the company after reading their latest issuance.

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Things Geologists Do. # 4.

Useless Undergraduate Studies.

If you’re reading the urbancrows blog, there’s an above average chance that you might be a trained geologist, you poor soul. Which means you spent 3 or 4 years slaving away as an undergraduate at University learning shit about rocks; sometimes a bit too much for your own good.

Have I ever told you about the useless shit I learned at college?

And wasn’t University fun? Field school. Beer. Labs. Beer. Lectures. Exams. Less beer. Failed courses. Coffee. Retakes. Below average degree. Career re-evaluation. Ah..the best days of our lives.

Out you popped, newly baked and pink cheeked from whatever cradle of higher learning you attended; a keen, young earth scientist, stuffed full of sciency knowledge. Head held high, you felt like you really understood the inner workings of our fragile blue rock. Those were the days.

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Stock Picking Update.

A real haiku. Honest.

The Final Results For 2019.

First: The Rules

It’s time for the year-end results of the Hys and Lows resource stock picking club, where world’s greatest mining minds come together to show how little we actually know about our business. This is an edited version of my end-of-year note to the club members. Sadly, I have to redact names to protect the innocent and throw the paparazzi off our scent. The unedited version is WAY more abusive and fun.

As you may know, we meet in late January to drink wine, eat steak, talk about the industry, and when we’re good and drunk we each pick a mining stock. That’s about it really, other than taking a guess on the 12 month performance of the overall portfolio.

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I Hate Christmas Markets

With Christmas just around the corner, towns and cities around the UK -and Canada too for that matter- begin to sprout outdoor Christmas markets like mushrooms on a cowpat. They pop up anywhere there’s space; row upon row of bland little wooden huts looking like the bastard offspring of a beach hut that’s had a one-night stand with a camp site toilet. I saw at least 6 different-but-exactly-the-same markets in the UK last week, scattered morosely around London, York and Harrogate. My wife and I are divided on the attractions of the seasonal markets. She loves them; me, less so..

Little wooden festive boxes in York.
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November Stock Picking Update

Warning. This blog post/rant contains black humour about various things including my dad who’s not very well. If that’s not your thing, look away now.

The Rules

It’s time for another look at how Hys and Lows, the world’s greatest mining stock picking club, is doing now that winter’s arrived. The following is an edited version of my monthly note to the club members, individual’s names redacted.

Regular readers of my blog (why, oh why?) know how our uber-elite mining equity club works. We meet in late January to drink wine, pretend we understand the industry, and when we’re good and drunk we each pick a mining stock.

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