⛏ 900 m of Copper

PLUS: $2billion NPV

Greetings Contrarian,

Source: Trading Economics, Numerco.

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and eat pizza.

Here are the highlights:

πŸ‘ 900 m of Copper

πŸ€” Emperor Hits High-Grade

πŸ™„ $2billion NPV

πŸ‘ 900 m of Copper

American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) has reported results at its NAK Copper Gold Porphyry project.

Highlights:

  • 900 m of 0.50% CuEq from surface

  • Including: 540 m of 0.61% CuEq from 344 m

Assays from 5 additional drill holes are pending.

The stock stands at a market cap of C$20M, considering today’s 22.9% move so far. Awesome.

πŸ€” Emperor Hits High-Grade

Emperor Metals Inc (AUOZ – CSE, EMAUF-OTCPK, 9NH-FSE) has reported results from

Duquesne West Gold property under option from Duparquet Assets, 50% owned by Globex (TSX: GMX) (Frankfurt: G1MN) (OTCQX:GLBXF). The property is located in Duparquet Quebec, Canada.

Highlights:

  • 10.80 m of 15.85 g/t Au

  • 1.2m of 19.01 g/t Au

Emperor Metals, at a tiny market cap of C$6.5m has moved 7% down on the news. Go figure.

πŸ™„ $2billion NPV

Oroco Resource Corporation. (TSXV: OCO) (OTCQB: ORRCF) (BF: OR6) has released a Preliminary Economic Assessment (PEA) for its Santo Tomas Porphyry Copper Project in Mexico.

Highlights:

  • Pre-Tax NPV (8%): US$2.3B

  • After-Tax NPV (8%): US$1.2B

  • Pre-Tax IRR: 23.0%

  • After-Tax IRR: 17.3%

  • Capex: 1.3B

Our only question is: how greedy do our overlords need to be for this discrepancy in pre-tax and after tax figures? No bueno.

πŸ“° In Other News:

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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