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โ High-Grade Copper In Quebec
PLUS: Blue Sky PEA
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 play a game of pool.
Here are the highlights:
๐ช High-Grade Copper In Quebec
๐ Blue Sky PEA
๐ฆ Commodity Barter Is Sexy
๐ช High-Grade Copper In Quebec
Abitibi Metals Corp. (CSE: AMQ) (OTC: AMQFF) (FSE: FW0) has provided an update on its drill program currently underway at the B26 Polymetallic Deposit in Quebec, Canada.
Highlights:
chalcopyrite-bearing quartz veins were observed from 30 to 109.5 metres in one of the holes
8m of around 20% chalcopyrite mineralization observed in another hole
10% and 20% chalcopyrite mineralization observed in another hole
For us geo noobs, chalcopyrite is a copper-rich mineralization that can often be seen visually, indicating that where there is smoke, there is fire.
Weโre anxiously waiting for lab results on this one, as weโre ever-more biased shareholders. A third drill might be arriving at site to speed things up.
Wonderful.
๐ Blue Sky PEA
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), announced today the results of a new Preliminary Economic Assessment for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina.
Highlights:
After-tax NPV 8%: $227.7 million
After-tax IRR: 38.9%
Capex: $159.7 million
By assuming a Uranium price of $75/lb U3O8, the measly C$18m market cap looksโฆ. Out of place.
๐ฐ In Other News:
๐ฆ Commodity Barter Is Sexy
Sri Lanka says it has exported TEA worth $20 million to Iran to partially repay its $251 million oil debts.
Commodity bartering.
Expect more of this.
โ Gold Telegraph โก (@GoldTelegraph_)
1:31 AM โข Feb 22, 2024
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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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