RSD Weekly Recap: Nevada Sunrise Gold (TSX-V: NEV), Kutcho Copper (TSX-V: KC), K92 Mining (TSX-V: KNT), Fission Uranium (TSX: FCU), Golden Arrow Resources (TSX-V: GRG)

February 5, 2019

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This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold settled at $1,318/oz. for a weekly gain of 1.2%.

Silver also closed higher, settling at $15.88/oz. for a weekly gain of 1%.

The Dollar settled at 95.58 for a weekly loss of 0.2%.

Copper settled at $2.76/lb. for a weekly gain of 1.5%.

Platinum settled at $823/oz. for a weekly gain of approximately 0.9%

Palladium settled at $1,336/oz. for a weekly loss of 0.5%.

Zinc surged higher, settling at $1.26/lb. for a weekly gain of 5%.

Oil settled at $55.28/barrel for a weekly gain of 3%.

Uranium was relatively flat and settled at $28.90/lb.

If you haven't already done so, I encourage you to subscribe to our new podcast, Bizarro World, with myself and Mr. Nick Hodge.

This week we talked Brazil, Howard Schultz, Venezuela, forever stamps as an investment class, Tesla and picked a stock of the week, among other topics.

I had the pleasure of speaking with Nevada Sunrise Gold (TSX-V: NEV) CEO Warren Stanyer who explained the significance of a recent decision in Nevada to reverse Nevada Sunrise’s forfeiture of its water rights. Bottom line is there is now a clear path forward to reinstating those rights and those rights are worth an amount (in my opinion) equal to the company’s current market cap of approximately C$3.5 million.

Kutcho Copper (TSX-V: KC) CEO Vince Sorace went over value proposition with Kutcho. Despite a rebound in share prices for a lot of juniors, Kutcho remains extremely undervalued and has multiple near-term catalysts.

K92 Mining (TSX-V: KNT) Capital Markets Advisor Bryan Slusarchuk delivered more good news from the Kainantu gold mine as it beat production estimates. Good work from that team and a clear takeout target.

Fission Uranium (TSX: FCU) President Ross McElroy provided an update on the long-awaited PFS and upcoming 28-hole winter drill program at PLS.

I also caught up with Golden Arrow Resources (TSX-V: GRG) CEO Joe Grosso who talked about production and exploration from Argentina to Chile.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 26135.80 0.96%
S&P 500 2923.65 1.20%
NASDAQ 8002.81 1.33%
TSX 16304.05 0.95%
TSX-V 569.85 0.00%

Resource Commodities

Name Last Change
Gold 1496.08 0.03%
Silver 16.89 0.18%
Copper 2.60 2.602
Platinum 901.00 0.67%
Oil 56.21 2.38%
Natural Gas 2.21 0.45%
Uranium 25.08 0.00%

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