Looks like newsletters still hold sway 📈

Author

Wingman
February 06, 2024

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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Did you hear about KoBold Metals?

Well, it is a private company, and it seems like Jeff Bezos and Bill Gates are getting in on the action

Mingomba is shaping up to be “extraordinary,” he said, adding that the potential of the discovery compares to that of the Kamoa-Kakula mine, owned by Ivanhoe Mines and China’s Zijin Mining.

Well, that is quite a statement, considering that Kamoa-Kakula is the world’s third-largest copper mine, isn't it?

KoBold Metals is really taking the AI marketing route. According to their corporate video, they are combining data science, geoscience, and software engineering in more than 60 projects across four countries.

Whoa, orange blobs. Anyway, jokes aside, the question lingers about the actual size of this Zambian copper deposit. However, this company does have some industry backers, with BHP being one of them.

KoBold Metals invested $150 million in the Mingomba Deposit (250 million tons at 3.8% copper), but finding information is challenging. According to the video, they have six drill rigs and are digging very deep, reaching depths of 1,800 to 2,000 meters.

What caught our eye is that KoBold Metals is not public yet, but the Mining.com article teased that they intend to go public in 3-4 years. That would be very bullish for the sector, and we welcome it.

Other News That Caught Our Eye

Yesterday was kind of a toss-up. Despite limited noteworthy news and a predominantly red market, it seems newsletters still hold sway.

Our attention was drawn to Sendero Resources, where the CEO.ca board saw increased activity. The stock closed at C$0.44 ⬆️ 0.065 (17.3%) on no news, but it sounds like Jeff Clark mentioned the company to his subscribers.

We're optimistic about this stock due to its market cap, promising targets, and the district where they are drilling. It is poised for a rerate if they succeed, making it a prime candidate for FOMO.

We do have a position.

American Pacific Mining Corp. (CSE: USGD / FWB: 1QC / OTCQX: USGDF) (“American Pacific” or the “Company”) announces that Kennecott Exploration Company (“Kennecott”), a subsidiary of the Rio Tinto Group (“Rio Tinto” or “Rio”), in collaboration with American Pacific,  has agreed to discontinue the 11-year Madison earn-in agreement to acquire a 70% interest in American Pacific’s Madison Mine Project (“Madison” or the “Project”). American Pacific would like to thank the regional Kennecott team for its collaborative approach at Madison over the years. The Company is pleased to regain 100% ownership and control of Madison, which now becomes the Company’s lead solely owned property.

Well, that's kind of a kick to the nuts. American Pacific was rather happy stating that Rio would have to spend all this money to acquire 70% of the Madison Mine. But nothing is guaranteed. The upside is, American Pacific now has 100% exposure to the potential gains. They just need to find the money to extract that value.

The market did not like the news, as $USGD closed at C$0.285 ⬇️ 0.035 (10.9%).

This company has not been on our radar, but what was the market expecting from these drill holes??

Yesterday, they released two drill holes, and both hit multiple zones of intersections right from surface.

This company is worth taking a closer look at, as the market shrugged off these drill results, and the stock closed at C$1.435 ⬇️ 0.005 (0.3%).

Fanie Müller, Vice President of Operations at Trigon Metals, remarked, “Congratulations to our team who managed to achieve this milestone earlier than anticipated after months of detailed design and planning. The focus now is on safely mining the higher-grade ore from the upper levels of the Asis West shaft complex and building on the underground ramp-up profile over the next couple of months.”

That is always good to see from a developer. Ahead of schedule, nice. The market rewarded them with a close of C$0.195⬇️ 0.005 (2.5%).

At the request of CIRO, Troy Minerals Inc. ("Troy"or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity and decrease in share price.

Rana Vig, President and CEO of Troy Minerals. "We are aware of the recent market volatility, however, we are very confident that with a healthy treasury of over $3 million; no debt; in the money warrants; allocation of $1 million dedicated to quickly advance our high grade rare earths project; and our planned work this summer on our highly prospective Vanadium / Titanium Lake Owen project, we expect many catalysts in the coming months to drive shareholder value," he added.

The chart up there indicates that Thursday was the start of the drop from ~C$1.70. Not so surprisingly, today the company closed positively at C$0.70, ⬆️ 0.10 (16.7%), despite the dusters.

We won't comment further, except to note that I guess they call them rare earth metals for a reason.

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