Good afternoon
the major countries still having trouble to contain corona, are: Brazil / US / UK, growing numbers by roughly 20.000/20.000/2.000 respectively. What do they have in common? A reckless or incompetent president!
US economic numbers ( labor, durable goods, personal consumption ) are better than expected.
Needless to say, that equities are up - ok, just a little in the US, but roughly 1% in Europe, where the massive EU-stimulus program, which somebody will have to pay for, is beefing up confidence.
Metals are quite strong as well, especially Dr.Copper. Incredible, how gold shrugged off the few days of weakness, to come back strongly to currently 1722 US$ or just under 2600 A$/oz! But Gold ETF inflows have slowed to roughly 100.000oz/day from roughly 250.000 oz/day over the last few weeks.
Strike Energy - their project has been assigned “Major Project”-Status in Western Australia. That has the advantage of an easier and smoother approval process - basically, the government takes you on the hand, and leads you through the process. Not to be underestimated, and another + for the project.
Oklo - announced another round of excellent drilling results from their Mali-based project. Drilling results from SK1 North were: 33m with 2,95g / 20m at 2,1g and several other holes like that. From SK1 South: 17m with 2,81g / 6m with 7,3g / 4m with 11.5g . From Koko, which is 2km South of SK1, 58m with 1,14g and 9m with 1,1g . The big thing would be now to link SK1 North and SK1 South! Drlling is ongoing - the wet season will start in July. The fisr resource estimate should be due towards the end of the 3rd Quarter.The stock had run a bit hard until recently, and is now consolidating . But in the medium term, I can see this one quite a bit higher again. In the short run, probably still a good trade for more results, before the wet season starts!
Osino Resources - announced drilling results from another 4 holes at their Twin Hills property in Namibia, drilled just before the lockdown: 150m with 0,98g gold ( incl 61m with 1,51g ) / 77m with 0,72g / 10m with 1,23g. These holes continue to show, that they will most probably have a large tonnage, low grade deposit - hopefully with some higehr grades within it as well. It´s still early days - but a large, 1g ore body with gold at 1700 US$, and the very low costs of operating in Nambibia, could/should make for a very profitable venture. But to state this, is a little early at this stage. The company has now drilled 2000m of the 20.000m drilling program. Two drill rigs are drilling currently, the third will start very shortly. So many more results will be coming over time, and hopefully, will keep the market excited. The stock has had a good run recently, especially for a company with no resources as yet. But all indications are, that this will easily be a 1 mill oz orebody and probably more, once the drilling program is finished. I would not buy them today with my ears pinned back - but I recently increased my holding in the low 80ties, and I am hoping for more here!
have a nice evening!
WS
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