⛏ Best Gold Hit In Africa?

PLUS: Abra Publishes PFS

👷‍♀️ Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and set up a bonfire. 🔥

📌 Commodity Prices

Source: Trading Economics, Numerco.

📝 Here are the highlights

🙃 Abra Publishes PFS

🤩 Best Gold Hit In Africa?

🐦 Critical Metals & Mining Virtual Conference

🙃 Abra Publishes PFS

AbraSilver Resource Corp. (TSX.V: ABRA; OTCQX: ABBRF) announced results from its Preliminary Feasibility Study for its wholly-owned Diablillos project in Salta Province, Argentina.

Highlights:

  • NPV 5% of 494 million after tax

  • 25.6% IRR

  • $12.40/oz AgEq over LOM 

  • Most importantly, the assumptions here were made $1,850 per gold oz and $23.50 per silver

Oz. Price sensitivity tells us this project is worth a lot more in today’s prices and if silver ever goes up again in our lifetime, you’re easily looking at a multiple to current market cap.

The stock sold off on the positive news, because this is silver, after all, and the investing overlords are giving us an opportunity to get in.

🤩 Best Gold Hit In Africa?

Awalé Resources Limited (TSXV: ARIC) reported today some assay results at the Odienné Project, Ivory Coast.

Highlights:

  • 57m of 26 g/t gold including:

  • 32m of 45.7 g/t gold

This is one of the highest-grade gold intersections in Africa in decades, and the stock is absolutely flying a tidy 85% up today, even after a very strong week — with volume a “mere” 20x the usual.

Congrats to all holders.

📰 In Other News

🐦 Critical Metals & Mining Virtual Conference

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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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