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- ⛏ Nine Mile Hits 130m+
👷♀️ Greetings Contrarian,
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play a soccer match. ⚽
📌 Commodity Prices
Source: Trading Economics, Numerco.
📝 Here are the highlights
😎 Nine Mile Hits 130m+
👏 Massive Lithium PEA
🐦 It’s Not Different This Time
😎 Nine Mile Hits 130m+
NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) announced it has drilled a mineralized zone at its initial Phase 1 drill program on its Wedge VMS Project in the Bathurst Mining Camp, New Brunswick, Canada.
Highlights:
134m of mineralization, with pockets of high-grade Zinc (36.12% & 14.93%).
Copper values averaging 2.23%.
The company will continue to drill to the east in Target Area #1 to confirm a new extension of the Wedge Mine Ore Zone.
👏 Massive Lithium PEA
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced today positive results from an independent Preliminary Economic Assessment for its Hombre Muerto North Lithium Project near Salta, Argentina.
Highlights:
After tax NPV8 of US$934 million.
IRR of 31.6%.
Life of mine 25 years.
We know nobody cares about lithium right now, so maybe we should? The company is currently trading at less than C$40m. Peanuts if any of these numbers come to pass.
📰 In Other News
🐦 It’s Not Different This Time
Some things never change...
“If some lose their whole fortunes, they will drag many more down with them...believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If… twitter.com/i/web/status/1…
— Ronnie Stoeferle (@RonStoeferle)
8:16 AM • Mar 4, 2024
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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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