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 in the snow.
Here are the highlights:
🤑 Jackpot Uranium Hit
🤔 Polymetallic PEA
🐦 Could This Boost The Entire Mining Industry?
🤑 Jackpot Uranium Hit
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) reports results from drillhole WMA082-4 at the Pike Zone as part of the ongoing winter exploration program on the West McArthur Joint Venture project in the eastern Athabasca Basin.
Highlight:
16.8m of 13.75% eU3O8, including 4.7m of 40.30% eU3O8 and 2.4m of 13.54% eU3O8
What. A. Hit!
The market does not give a rat’s little butt that it’s 800m deep, the stock is soaring over 40% on the day. Congrats to the team. Something tells me there’s more coming.
🤔 Polymetallic PEA
Tinka Resources Limited (TSXV:TK) (BVL:TK) (OTCQB:TKRFF) just announced the results from an updated Preliminary Economic Assessment on the Company's 100%-owned polymetallic Ayawilca project in central Peru.
Highlights:
After-tax NPV at 8% discount of US$434 million
Capex of US$382 million
Zinc Zone Indicated Mineral Resource tonnage increased 49% from the previous Mineral Resource estimate.
The company’s market cap is sitting at a C$42m - which is exactly what you get for advancing projects in this industry - no love whatsoever.
📰 In Other News:
🐦 Could This Boost The Entire Mining Industry?
Something I'm watching closely for CBOE Canada (formerly the NEO), is if companies can get cross-listed on CBOE US and then get access to Robinhood.
If that is a thing, then CBOE Canada will eat the other exchanges lunch and be the new hot exchange in Canada.
— SmallCapSteve (@smallcapsteve)
2:59 PM • Feb 28, 2024
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How Are We Doing?
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.
