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 pre-production capital is only $2.4 million.
Deep-South ($DSM.V) is a top gainer on the Venture today after releasing a NI 43-101 resource estimate, reporting:
- INDICATED RESOURCE OF 457 MT @ 0.31% CU
- INFERRED RESOURCE OF 342 MT @ 0.29% CU
Midas Engineering is close to completing a PEA on Haib Copper.
Quadron Cannatech ($QCC.C) has sold three BOSS CO2 extraction systems and is now ramping up production- management anticipates completing additional orders as interested buyers conclude their investigation and analysis of available CO2 extraction systems on the market. Sales of the Boss are expected to be a significant revenue growth driver for Quadron in 2018 and beyond.
Aurora Cannabis ($ACB.V) completed a strategic investment in Micron Waste Technologies ($MWM.C).
The companies finalized a collaboration agreement where both companies will work together on the optimization of Micron’s technology for the treatment of organic waste generated in the cultivation and production of cannabis products.
Micron has developed a new technology, based on aerobic digestion and subsequent treatment, that converts organic waste into clean water that meets municipal effluent discharge standards. Current methods to dispose of organic waste generally require the utilization of municipal landfill sites, which is expensive and not-so-great for the environment.
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None of the companies mentioned are clients nor are they advertisers. The author does not own shares in any of the above mentioned companies at this time.