⛏ Junior Publishes Colombia PEA

PLUS: 300m of CuEq

Greetings Contrarian,

Source: Trading Economics, Numerco.

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Here are the highlights:

🧐 Junior Publishes Colombia PEA

✌ 300m of CuEq

🀣 Meme Of The Day

🧐 Junior Publishes Colombia PEA

GoldMining Inc. (TSX: GOLD) (NYSE AMERICAN: GLDG) announced the results of an updated PEA or the La Mina Project in Antioquia, Colombia.

Highlights:

  • NPV5 $274 million at base case commodity prices of $1,750 per ounce of gold, $21 per ounce of silver, and $3.50 per pound of copper and approximately $434 million at spot commodity prices.

  • $425 million Capex

  • AISC of $1,142 per ounce of gold (net of by-product credits)

The whole industry is plagued by high capex, whoever figures how to lower that will have untold riches. We like this at current prices, but who knows!

✌ 300m of CuEq

DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) announced drill results for two holes on the Aurora porphyry copper-molybdenum project in southern Peru.

Highlights:

  • 301.65m of 0.56% CuEq* (0.03% Cu, 0.1548% Mo and 0.26g/t Ag)

  • 48.00m of 0.61% CuEq* (0.57% Cu, 0.0020% Mo and 5.33g/t Ag)

Well, hello Moly! No wonder they call this a Cu-Mo project.

πŸ“° In Other News:

🀣 Meme Of The Day

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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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