RSD Weekly Recap: Cordoba Minerals (TSX-V: CDB)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold settled at $1,314 an ounce last week for a weekly loss of 0.7%.
Silver was relatively flat, adding one cent and settling at $16.49 an ounce.
The dollar settled higher again, closing at 92.61.
Copper settled at $3.08/lb. for a weekly gain of one cent.
Platinum also relatively flat, losing $3 and settling at $909 an ounce.
Palladium settled at $963 for a weekly loss of $2.
Zinc was down three cents on the week, settling at $1.38/lb.
Oil settled at $69.78 for a weekly gain of approximately 2.5%
Uranium continues to bounce between $21 and $22/lb., but the real story this week is smart management teams positioning for a better uranium market.
Just yesterday we got news that URZ Energy and Azarga Uranium were merging to create a new US focused ISR uranium development company.
Expect more activity from the better management teams in the space.
Speaking of more activity, Cordoba Minerals (TSX-V: CDB) CEO Mario Stifano went over plans for the remainder of 2018. Cordoba’s anchored by the Alacran deposit and, in my opinion, undervalued based on that asset alone.
The plan is to find more Alacran style orebodies. The market will get it sooner or later.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.