21C Metals (CSE: BULL) just announced this morning that it is changing its name to Canadian Palladium Resources Inc. to reflect its concentration on its flagship East Bull Palladium project in Ontario, Canada. BULL said this morning that it looks forward to drilling the East Bull Palladium project to further expand its 43-101 compliant 523,000 oz palladium equivalent resource. BULL's East Bull Palladium project is a world-class asset in a mining friendly jurisdiction.
Effective the commencement of trading on January 20, 2020, BULL will begin trading on the Canadian Securities Exchange under its new name, Canadian Palladium Resources Inc.; the stock symbol "BULL" will remain the same.
NIA's first ever palladium stock suggestion Stillwater Mining got acquired in 2017 by Sibanye Gold for USD$2.2 BILLION, which was a large premium above NIA's suggestion price. The combined company Sibanye Stillwater (SBGL) has been the #1 best performing large-cap mining stock of the last twelve months even though SBGL lost $758.17 million due to its unprofitable South African gold division. SBGL's Stillwater palladium mine in Montana accounts for the majority of its $12.21 BILLION enterprise value!
NIA's second ever palladium stock suggestion Group Ten Metals (TSXV: PGE) closed yesterday at $0.215 per share for a gain of 48.28% from NIA's October 2019 suggestion price of $0.145 per share! PGE is now trading with a market cap of CAD$20.86 million even though it has yet to define a 43-101 compliant palladium resource! In PGE's latest drill results the company has averaged palladium grades of 0.153 g/t.
BULL's East Bull Palladium project is more advanced than PGE's palladium project because BULL has already established a 43-101 compliant palladium resource with inferred palladium grades of 0.58 g/t, which are 3.79X higher than PGE's recent palladium grades! BULL's entire inferred palladium equivalent resource of 523,000 oz is located within the first 120m of the surface!
BULL's current market cap at $0.12 per share is only CAD$7.85 million!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from BULL of USD$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
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