Gerardo Del Real,
Editor
July 8, 2024
This is your Resource Stock Digest editor Gerardo Del Real here with some Monday coffee talking points and thoughts.
What am I watching this week?
I’m definitely watching to see if silver can break above the US$31 per ounce level in a convincing manner; it's been back and forth here the last couple of days. The chart looks really, really bullish to me as it failed to break below US$30 per ounce in any substantive way here over the past couple of weeks.
Gold, of course, continues its robust posture sitting at US$2,370 an ounce.
Copper is the real star right now as the metal-of-electrification has bounced back very convincingly above US$4.60 per pound. As you know, my favorite way to play exploration in the copper space — and this will be the case for the next couple of years — is Hannan Metals (TSX-V: HAN)(OTC: HANNF).
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The junior copper explorer just announced more excellent results out of what, internally, they’re calling the monster, which is the Previsto area of its 100%-owned Valiente project in Peru. That particular mineralized zone absolutely looks like multiple discoveries in the making, and I cannot wait to see drills turning there.
Also on the copper exploration front, Bravo Mining (TSX-V: BRVO)(OTC: BRVMF) continues to deliver more good news out of its 100%-owned Luanga PGM project in Brazil’s Carajas Mineral Province. The project boasts excellent infrastructure. Insiders hold the bulk of shares. I see Bravo as yet another excellent speculation in the PGM-copper-gold-nickel space.
Patriot Battery Metals (TSX: PMET)(OTC: PMETF) continues to deliver on its new high-grade Vega Zone… not that the market cares much. Right now, lithium is a contrarian's dream, although that certainly isn’t making you feel any better if you bought near the top a year or so ago.
Yet, if you’re a contrarian and you're liquid and you have capital to average down, we’re seeing entry points across the lithium space that are as attractive as they've been in quite some time.
That's what I'm watching, folks. I hope everyone has a great week.
Let's get it!
Gerardo Del Real
Editor, Resource Stock Digest