Mining Review 12th March 2023
The PDAC organisers said it had a “bullish feel to it”, well no change there then, it nearly always does!
Calidus Resources, Karora Resources, Neometals and UEC all reported good news this week.
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Karora Resources – Beta Hunt Mine Specimen Stone
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City Investors Circle Mining Review 12th March 2023
The PDAC had a “bullish feel to it”, well no change there then, it nearly always does! I drew the conclusion that these sort of conferences are “echo chambers” many years ago, the converted preaching to the converted, people telling people what they want to hear.
These can be dangerous places as they tend to ignore the negatives and focus only on positives, a bit like a commissioned broker report.
I didn’t attend this year for the first time since 2009, because after having perused the exhibitor list, it just didn’t look exciting. With miners falling for so long there’s no excitement at all.
So, given the lack of excitement, eye watering Airbnb and hotel rates, and freezing sub zero temperatures, it wasn’t difficult to give it a miss. Will I go next year? Let’s hope the market rebounds and I might get the urge once again. Cape Town in January is a much better place in my opinion.
The price of copper is falling again, on world economic slowdown concerns, with China actually exporting some! A bit unusual but they’re clever these Chinese, and have done so before when the price was higher, only to import once it was lower.
Companies on our watchlist making news this week;
Calidus Resources, Karora Resources, Neometals and UEC all reported good news this week.
To read the reports in full please click on the links below.
Karora Resources Added 8% To The Beta Hunt Nickel M & I
UEC Intersects 15.94% eU3O8 over 7.0 m
Neometals now controlling shareholder in Vanadium Recovery Project SPV
Calidus Reported Warrawoona Gold Mine Record Production in February
Karora Completes Beta Hunt Second Decline Ahead of Schedule
Eloro Resources to Commence Trading on the TSX
Market Data
Weekly price changes
(US$ unless stated)
Metal Prices
| Gold price in UK £ | 1552 | +0.65% |
| Gold | 1868 | 0.70% |
| Silver | 20.55 | -3.34% |
| Palladium | 1386 | -4.87% |
| Platinum | 972 | -1.02% |
| Rhodium | 9250 | -8.42% |
| Copper | 4 | -0.99% |
| Nickel | 10.53 | -3.92% |
| Zinc | 1.35 | -2.88% |
| Tin | 10.43 | -7.45% |
| Cobalt | 15.2 | 0.00% |
| Manganese | 3.57 | -4.03% |
| Lithium | 41009 | -12.28% |
| Uranium | 51.1 | -0.78% |
| Iron Ore | 130 | +2.85% |
| Coking Coal | 340 | 0.00% |
| Thermal coal | 187 | -5.08% |
| Magnesium | 3149 | -2.24% |
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Metal ETFs
| GDX | 27.2 | -4.99% |
| GDXJ | 32.88 | -6.38% |
| Sil | 26 | -6.41% |
| SILJ | 9.43 | -7.46% |
| GOEX (PCX) | 23.46 | -6.90% |
| GLD | 173.87 | +0.80% |
| COPX | 36.04 | -10.73% |
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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Disclosure
At the time of writing the author hold shares in Calidus Resources, Eloro, and Karora Resources.
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