Gold and Copper are both breaking out big. NIA's President likes Augusta Gold (TSX: G) and believes a buyout is coming in the $3-$6 per share range potentially at any time now. Augusta Gold (TSX: G) Executive Chairman Richard Warke who is a partner in Liverpool the #1 ranked football club in the world also runs a copper company Solaris Resources (TSX: SLS) and we know for a fact that their entire purpose of leaving Canada as of January 1st was to open the door for Zijin Mining potentially acquiring SLS. What the exact time frame is for an SLS buyout we have no idea we think Augusta Gold gets acquired in the very near-term.
Our favorite company with both gold and copper is: Canadian Critical Minerals Inc (TSXV: CCMI) currently $0.04 per share with 299.06 million shares outstanding for a market cap of CAD$11.96 million or US$8.34 million.
CCMI has begun trucking material from their 180,000 tonne surface stockpile to the New Afton mill belonging to New Gold (NGD) under an Ore Purchase Agreement and generated revenue of US$72,000 in April 2024, US$103,000 in May 2024, US$246,000 in June 2024, US$143,000 in July 2024, US$95,000 in August 2024, US$179,000 in September 2024, US$378,000 in October 2024, and US$198,000 in November 2024.
CCMI to date has shipped approximately 5,825 tonnes of mineralized material and will be delivering up to 90,000 tonnes of mineralized material.
CCMI’s November shipment of material from the stockpile was high-grade at 5.02% copper, 1.05 g/t gold, and 50.4 g/t silver.
Over $250 million was spent on CCMI's Bull River Mine project by its previous owners. It has a fully developed underground infrastructure to a depth of 350 metres below surface with 21,000 metres of underground workings. The mine is being maintained in a dewatered condition. It is connected to grid power and is accessible by paved and all-weather roads.
We will provide full details about CCMI this evening and in the upcoming days.
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. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA has received compensation from CCMI of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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