RSD Weekly Recap: Millrock Resources (TSX-V: MRO), Prophecy Development (TSX: PCY), Revival Gold (TSX-V: RVG)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold settled below $1300 an ounce last week, closing at $1,293 an ounce.
Silver lost eight cents last week, settling at $16.38/oz.
The dollar managed to stay near the 94 level last week, breached it on a Trump tweet and solid jobs report but finds itself at 93.91 on the day.
Copper was essentially flat, adding one cent and settling at $3.12/lb. It’s on fire today however and trading near $3.20/lb.
Platinum picked up nearly $4, settling at $903 per ounce.
Palladium added another $23, settling at $998 an ounce.
Zinc settled at $1.40/lb. and is surging today at $1.45/lb.
Every consolidation in the copper and zinc space has been orderly and healthy. I expect higher prices.
Oil settled just above the $67/barrel level last week and is currently trading at $65.43/barrel.
Uranium is catching a bid, breaking through the $23 level once again.
Uranium settled at $23.13/lb. last week, adding another quarter.
The uranium juniors are on fire the past week. I’ve urged you to get positioned. If you haven't yet, pick your favorite junior and add it now.
I had a chance to catch up with Millrock Resources (TSX-V: MRO) CEO Greg Beischer as exploration season gets underway. Millrock currently has drills turning at the Zackly copper-gold deposit in Alaska and the La Navidad project in Mexico.
Prophecy Development (TSX: PCY) CEO John Lee shared the details of a very positive PEA for the Gibellini Vanadium Project. The PEA, using conservative vanadium prices, points to an after tax NPV of $338 million.
I spoke with Revival Gold (TSX-V: RVG) CEO Hugh Agro to get the details of the updated resource estimate at the Beartrack Project. Two million ounces of gold is a great start for a project that has backing from Orion Mine Finance as well as bipartisan support in Idaho.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.