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RSD Weekly Recap: K92 Mining (TSX-V: KNT), Blue Sky Uranium (TSX-V: BSK), Arianne Phosphate (TSX-V: DAN)

November 6, 2017

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

Everything was relatively flat in a week of 4s.

Gold continued its downward trajectory, closing down $4 and settling at $1269.

Silver was relatively flat as well and lost 4 cents on the week, closing at $16.80.

The dollar was up 4 cents, settling at 94.92 for the week.

Copper was also steady, closing at 3.12/lb. for the week, up 0.7%.

Platinum also relatively flat, gaining 0.4% and closing at $919 an ounce for the week.

Palladium put in a good week and closed at $994, up 3.5% for the week.

Zinc closed near the $1.48/lb. level, picking up 2 cents on the week. Both zinc and copper look like they are consolidating nicely and could be setting up for a robust next few quarters.

Uranium again was quiet, gaining a dime and closing at $20.23/lb.

WTI oil was the outlier in the commodities space, closing at $55.70 for a weekly gain of 2.8%.

I had the opportunity to catch up with K92 Mining (TSX-V: KNT) President Bryan Slusarchuk who went over the latest set of good news from the Kora deposit.

I also spoke with Blue Sky Uranium (TSX-V: BSK) CEO Niko Cacos on the expansion of the district scale Amarillo Grande uranium-vanadium project in Argentina.

I’ll be in Argentina for the week looking at three lithium projects including Advantage Lithium’s Cauchari project. Advantage has been on a tear recently as the market wakes up but this is very early in the game for lithium and Advantage. Lots of runway ahead.

An overlooked but interesting space is the potash space. I chatted with Arianne Phosphate (TSX-V: DAN) CEO Brian Ostroff about his efforts to secure financing for the world class project the company owns.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 23566.40 0.10%
S&P 500 2598.41 0.02%
NASDAQ 6867.07 0.07%
TSX 16095.94 0.12%
TSX-V 793.38 0.00%

Resource Commodities

Name Last Change
Gold 1288.76 0.64%
Silver 17.11 0.82%
Copper 3.13 1.12%
Platinum 940.00 0.90%
Oil 56.83 0.72%
Natural Gas 3.02 0.99%
Uranium 24.25 N/A
Zinc 1.45 0.00%

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