Recording date: 30th November 2023
The Battery Show (Copper Bottomed, Episode 7)
A double-header this week as Merlin was on Jury Duty for the past fortnight. Key market news includes Supreme Court of Panama ruling that the Cobre Panama contract was unconstitutional. The mine produces about 25,000 tonnes of copper per month and has closed down, temporarily one would think.
Also in the news is the purchase of the 1.9 Mt contained copper Khoemencau project by China’s MMG for US$1.9 billion. Another major that finds it easier to buy than to discover.
Merlin then runs through two weeks’ of exploration results from: DLP Resources, American Pacific Mining, Atico Mining, Cascadia Minerals, Lara Exploration, Halcones Precious Metals, Northstar Gold, O3 Mining, Benton Resources, Minsud Resources, Arizona Sonoran Copper and Pacific Ridge Exploration.
Poor drafting abounds, and several companies continue to ignore TSX reporting guidelines. Repeat offenders are losing airtime. Benton Resources is producing some cracking results.
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