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β Junior Publishes Colombia PEA
PLUS: 300m of CuEq
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 enjoy the sunny day.
Here are the highlights:
π§ Junior Publishes Colombia PEA
β 300m of CuEq
π€£ Meme Of The Day
π§ 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!
β 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.
π° In Other News:
π€£ Meme Of The Day
I had to correct your work. I really expected more from you π€
β Le Shrubπ³π₯πΊπ¦ (@agnostoxxx)
11:31 AM β’ Jul 21, 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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