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RSD Weekly Recap: Uranium Energy Corp (NYSE: UEC), Skyharbour Resources (TSX-V: SYH), Cordoba Minerals (TSX-V: CDB) , Exploration Insights' Joe Mazumdar

December 12, 2017

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold closed the week lower, settling at $1,248 for a weekly loss of 2.5%.

Silver followed gold lower, closing at $15.81 an ounce for a weekly loss of nearly 4%.

This as the dollar gained, closing at 93.92 for a weekly gain of 1.1%.

I’m on the record as saying we need one last shaking of the gold and silver tree to provide the energy for the next sustainable leg up. Let’s hope that’s underway.

$1,000 gold and $14 silver would not surprise me.

Copper also closed lower, although it’s rebounded well this week. Copper closed at $2.96/lb. for a weekly loss of approximately 4%.

Platinum didn’t fare much better as it lost 6% and closed at $885 an ounce.

Palladium also settled lower, closing at $997 for a weekly loss of nearly 2%.

Oil closed at $57.33 for a weekly loss of nearly 2%.

Zinc settled near the $1.41/lb. level for a weekly loss of nearly 5%.

Perspective is important and both copper and zinc have had excellent years. I expect that to continue and view these pullbacks as healthy.

Uranium gained nearly $2 closing at $25.25/lb. after further cuts were announced from Kazatomprom. These weren’t the first cuts and I don’t believe they will be the last.

On the uranium front I had the pleasure of speaking with two of the most insightful people in the space. My first conversation was with UEC (NYSE: UEC) CEO Amir Adnani who went over the importance of the cuts and how UEC is positioned to benefit from a better uranium market.

I also spoke with Skyharbour Resources (TSX-V: SYH) CEO Jordan Trimble who echoed similar sentiments and went over the multiple catalysts Skyharbour has on the horizon.

Both UEC and Skyharbour are quality companies with some of the best people in the space. It’s not a coincidence that each was able to use the bear market to add value.

Cordoba Minerals (TSX-V: CDB) CEO Mario Stifano went over the latest set of drill results from the Alacran deposit within the San Matias district in Colombia.

Mario expects to deliver an updated resource estimate within the next month or two and I suspect we will see much higher prices as the market gets over the dilution from the deal with HPX and once again focuses on the quality of the project and potential at San Matias.

I had the pleasure of talking with the co-editor of Exploration Insights, analyst and economic geologist Joe Mazumdar.

Joe went over how he minimizes risk, provided his insight on multiple markets and talked a bit about a recent site visit we both happened to attend in Argentina.

That’s all for this week. Expect lower gold and silver prices, higher uranium prices and some absolute bargains in the metals space.

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25120.60 0.31%
S&P 500 2753.17 0.75%
NASDAQ 7841.36 0.17%
TSX 16477.40 0.25%
TSX-V 717.58 0.00%

Resource Commodities

Name Last Change
Gold 1215.60 0.96%
Silver 15.27 1.83%
Copper 2.75 0.010
Platinum 800.12 1.92%
Oil 68.76 0.99%
Natural Gas 2.72 0.70%
Uranium 23.65 0.08%
Zinc 1.17 0.00%

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