👷♀️ 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
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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.
