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- β 900 m of Copper
β 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:
π 900 m of Copper
π€ Emperor Hits High-Grade
π $2billion NPV
π 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 todayβs 22.9% move so far. Awesome.
π€ Emperor Hits High-Grade
Emperor Metals Inc (AUOZ β 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.
π $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.
π° In Other News:
π§ Visual Of The Day
Argentinian money supply is up 1.5 million percent since 1990.
This is what an inflationary debt spiral looks like.
β Swordfishvegetable (@Swordfishv44183)
1:15 AM β’ Oct 17, 2023
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Happy Speculating!
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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