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...]

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...]

One Critically Hot Metal, Cobalt

Cobalt 12 Year Price Chart: Infomine

Cobalt is hard not to love right now and a handful of junior companies have sprung to life in the wake of cobalt’s aggressive two year price run. While ups and downs in the price of cobalt are going to occur, this commodity’s demand is not just a temporary blip on the chart. Investor demand for battery metals is coming from the Electric Vehicle (EV) market, and specifically the battery market. January sales of EV’s this year saw a 70% increase year-over-year, with 159,139 EV’s sold last year in … [Read more...]