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- ⛏ Positive PEA For 1.6B USD
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 mow the backyard grass.
Here are the highlights:
😎 Positive PEA For 1.6B USD
👏 Rich Copper-Moly Hit
🐦 Tweet Of The Day
😎 Positive PEA For 1.6B USD
Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) announces reaching an important milestone in its development of the Kuska project (formerly known as the Ollagüe project) at the Salar de Ollagüe, Antofagasta region, Chile.
Highlights:
After-tax NPV10 of US$1.15 bn
Project IRR 28%
Capex of US$749 mn
10% discount rate? We’re in love. Current market cap is C$87m.
👏 Rich Copper-Moly Hit
DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) announces receipt of complete drill results for drillhole A23-013 on the Aurora porphyry copper-molybdenum project in southern Peru.
Highlights:
773.20m of 0.82% CuEq* (0.17% Cu, 0.1221% Mo and 1.91g/t Ag) from 208.00m to 981.20m
I think we should call this a Moly-Copper hit. Not bad.
📰 In Other News:
🐦 Tweet Of The Day
Check out the core for drill hole APC88-D1 that has us excited about a new potential 🪙discovery (see release Dec 11/23 for details)
This is the first hole to ever test Olympus at depth (Olympus deeps)
Assay results expected this month
video has sound ⬇️
$CNL.T $CNLMF twitter.com/i/web/status/1…
— Ari Sussman (@Ariski73)
1:54 PM • Jan 4, 2024
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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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