Tuesday Market News: $ORX.V $DSM.V $QCC.C

SOMA Labs BOSS CO2

Orefinders ($ORX.V) has released a PEA which outlines an estimated 158% IRR  and a 7 month payback on the South Zone open pit of the Mirado Gold Mine located to the southeast of Kirkland Lake, Ontario, within the popular gold producing Abitibi greenstone belt. The PEA considers only around 5% of the project, publishing a pretax undiscounted net present value (NPV) of $30.8-million and a $20.5-million after-tax NPV at a 5-per-cent discount rate. The mine life is currently only 3 years, but the … [Read more...]

Stocks to Watch Update: $UGE.V $BZI.C $CSR.V

Stocks to Watch

UGE International ($UGE.V) had a 575% increase in revenues in Q3, 2017, and "lumpy" gross margins are expected. But again attention needs to be drawn to their backlog of $38.3 million in projects coming online over the next year, year and a half. The share price has dropped quite a bit, leaving the market cap at $14.5 million for those interested in a company banging out the commercial solar orders. Brisio Innovations ($BZI.C) is amid a $0.20 financing for $500k- up to a million, with their … [Read more...]

$CSR.V Samples 3.1% Cobalt in Underground Bulk Sample

Electric Vehicle, Cobalt Demand

Frank Basa's Castle Silver is feeling the joy as  an underground sampling program returned high-grade cobalt in the range of 3.1% from areas on the first level of the Castle mine near Gowganda, Ontario. Highlights are as follows (see table below for complete results): 3.1% cobalt in sample CSR-UG-T-2 (mini-bulk) 1.04% cobalt in sample CSR-UG-T-3 (mini-bulk) 2.3% cobalt in sample CSR-17-10 (composite from the two mini-bulk samples) More samples are pending and the high … [Read more...]

Market News and Links

News

Delta 9 Cannabis went public on the TSX-V yesterday, under the stock symbol $NINE. Stockwatch reported: "Share prices rose sharply in the first hours of trading, increasing from 65 cents at the open to $2.00, and were at $1.87 as of noon today Eastern Time. Delta 9 was the fourth company in Canada licensed to legally grow and sell cannabis under the original Marijuana for Medical Purposes Regulations. The Winnipeg company is listing on the TSX-V in order to prepare for the upcoming … [Read more...]

Pre Election Nerves in the Stock Market

Donald Trump and Hillary Clinton; Photo courtesy of Yahoo!

An Artificial Intelligence System called MogIA that correctly predicted the previous three elections, plus the most recent Republican and Democratic primaries, claims that Trump will win this upcoming election. However, the general consensus seems to be that a Clinton victory is priced into the stock markets, consistent with the polls. But Sanjiv Rai, developer of the MogIA, claims "If Trump loses, it will defy the data trend for the first time in the last 12 years." And things just got … [Read more...]