Gerardo Del Real,
Editor
March 25, 2024
Gerardo’s Trade of the Decade
Ten-Bagger Opportunities for Phase 2 of the Commodity Supercycle
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Hey everybody,
This is your Resource Stock Digest editor Gerardo Del Real with some Monday morning thoughts.
Real quick, I just want to mention that our highly-anticipated commodity supercycle webinar is this Thursday at 3pm EST. Be sure to reserve your spot above or by clicking here.
And right on time… it’s shaping up to be another very interesting week in the commodities market.
This week, we have copper looking to solidify its run above the US$4/lb level. Uranium seems to have bottomed and is ticking back toward US$90/lb. And, once again, we have gold looking very strong as it closes in on the US$2,200 per ounce mark.
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Bitcoin also looks like it’s heading back above US$70K.
And mind you, all of this is happening at a dollar index above 104 and looking to add strength.
So… what am I watching?
In terms of company-specific news, and for those looking for some uranium exposure, we have a really interesting story unfolding at Atco Mining (CSE: ATCM)(OTC: ATMGF).
Atco is as interesting a speculation as it gets because, in addition to its large-scale hydrogen storage exposure in Newfoundland, it’s now drilling the Atlantic uranium project in Saskatchewan’s prolific Athabasca Basin where it holds an option to earn-in up to 75% of the project.
Atco has a tiny market cap of roughly C$3M, and we should be getting a drilling update from the Atlantic project soon. Any sniff of a discovery there would likely send shares much, much higher. As I’ve mentioned before, I’m a biased ATCM shareholder; I’ve written checks at three different times. Be sure to do your own due diligence on this very interesting junior resource company.
Turning to copper, I mentioned it’s been trading quite strong of late. It's interesting to me that Sprott has now gotten into the copper ETF game with their Sprott Copper Miners ETF (COPP), which should be taken as yet another sign of continued strength in the copper market.
In terms of the small-cap copper explorers, Hannan Metals (TSX-V: HAN)(OTC: HANNF) continues to be one of my absolute favorites as it controls an entire basin of copper-gold-silver in Peru.
Hannan just received the first set of permits for its San Martin JV project with JOGMEC (Japan Oil, Gas and Metals National Corp.) where I'm expecting to hear news of drilling here in the next month or so. And I don't think it's a coincidence that HAN shares are up around 100% over the last few weeks.
Hannan has continued to announce different styles of copper-gold-silver mineralization over various areas of the San Martin project. The project comprises a brand-new basin-scale, high-grade sediment-hosted copper-silver system — spanning an almost unheard of 120 km of combined strike — situated along the foreland region of the eastern Andes Mountains.
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And then, over at Hannan’s equally impressive Valiente project, also in Peru, the team is mapping out no less than 18 intrusion-related porphyry/epithermal/skarn targets of which the Belen target is the most advanced. Again, no coincidence the stock is up some 163% in the past month.
So, lots to be excited about… and I hope to see you all at the webinar this Thursday.
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest