MINING execs who give it to me straight:
“I have been buying and will buy substantially more — around $200k of buying in the past few weeks. I think I have bought $500-600k worth in the past few months and intend to buy a lot more. Koryx is a huge opportunity.”
Heye, speaking from Namibia, says, “Excellent southern Namibia project (Haib) of world–class scale, with no fatal flaws, great pedigree, having been owned by Rio Tinto and Teck, and we will advance this in short order to construction readiness. Very substantial and high quality PEA to be published within a few months, which could indicate up to 100,000 tons per year of copper production. That is around a quarter of what Ivanhoe‘s Kamoa is doing, more or less, just to give you a sense.”
Koryx trades at CAD $70 million. His previous company, Osino Resources, a gold developer in Namibia, sold to a China company in 2024.
High risk & reward for exploration stocks, TCRs. Exercise caution. I bought approx. $16,000 USD of Koryx Copper this week.
The copper price this week is reaching higher as supply shortages loom.
— Next, Fred Bell of stable-coin proxy Elemental Altus Royalties ELE (which I have been accumulating):
“Stablecoin-co Tether’s investment is a real game changer in terms of opportunities going forward. I believe we will outperform stablecoins given they are tied to the underlying asset (USD$ or gold). We are pushing forward on a U.S. listing in parallel with (royalty) opportunities, so we can work on liquidity alongside growth.“
— Baselode Energy FIND, a uranium explorer, is merging with another U308-seeker, Forum Energy Metals.
James Sykes, Baselode CEO, is handing the chieftain’s spot to Rebecca Hunter as the new-co renames itself Geiger Energy.
James, for those who keep score, was one of three geos who ‘discovered’ NexGen Energy‘s supra-graded Arrow Deposit. He will have a board seat on the soon-to-be Geiger.
The flagship is now Aberdeen Project‘s sandstone-layered targets in Nunavut, which is about as close to the Arctic Circle as Canada gets.
Video on Aberdeen Project here
James tells me, “I think we can create opportunity for FIND and FMC shareholders that can mimic NexGen. That’s the prospective value we are trying to create for shareholders. Very well aware that said success has to come at the end of the drill bit, but those are the risks we’re always taking in exploration, anyway.”
He sees potential for multiple deposits to produce 500 million pounds of U3O8, “multiple Arrow-type of deposit opportunities.”
NexGen thanks to Arrow went to a $ 7 billion CAD market cap company in 11 years.
“Geiger is going to try and replicate or beat it, and I think we have the potential to do so.”
James Sykes was chief geo with NexGen for the Arrow deposit discovery. He has on his CV direct and indirect contributions to 550 million pounds of uranium discovered in Athabasca Basin since 2006.
— If you missed Banyan Gold‘s high-grade hit at Airstrip in the AurMac Project, Yukon, North of 60 Mining News capsulizes it well — best yet: 22.5m of 4.14 g/t gold.
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Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. The Calandra Report, in its 13th year, offers a one-price, $139 yearly fee for all newcomers. Earlier subscribers keep their original cost. Sob stories listened to. No refunds after three weeks of service. Exceptions: