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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (41527)	3/6/2018 8:03:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202374

Almadex Minerals (AMZ-V) top pick from Brent Cook on BNN.ca PDAC Market Call tonite Tuesday March 6th @ 1730ET To provide some exposure to one of our favorite commodities, copper, we continue to think that Almadex Minerals' principal prospect, El Cobre porphyry copper-gold in Veracruz, Mexico, has room to grow (market capitalization of $75 million). The company has a long-term strategy for advancing its knowledge of the prospect as it has permitted the construction of 640 drill pads. The company also has intersected supergene enriched copper zones of about 94 metres grading 1.36 per cent copper with minor gold, which is a good indication of a productive system. Yet it's still early days on the Villa Rica prospect. In the hypogene zone, 115 metres grading 0.29 per cent copper with 0.57 g/t gold. Almadex brought in a major gold-copper producer, Newcrest Mining (NCM-ASX) to help fund a major drilling program (US$19-20 million) with a private placement. It's currently raising $5-6 million at $1.40 per unit to support a spinout transaction and working capital. Spinning out remaining exploration and royalty portfolio in a new company/ The transaction will close in a couple of months and then the company will put together a drill program to test the Villa Rica prospect in the El Cobre Project.