Michael Ballanger of GGM Advisory Inc. shares current market updates and a copper stock he is watching.
USD index futures are up this morning at 10 years. and 30 years old. yields are falling as economic news continues to demonstrate weakness.
Gold (+0.59%), silver (+0.56%), copper (+0.34%) and oil (+0.38%) are all seeing very modest recoveries, contracts stock futures also rebounding.
Vortex Metals Inc. (VMSSF: OTCMKTS; VMS: TSX; DM8: FSE) reported this morning on the sampling (10 samples) carried out during the visit of the geologist and the qualified person who wrote the report N1 43-101 revealed copper mineralization in the rock ranging from 0.40% to 6, 54% copper (Cu) and up to 66 ppm silver (Ag) from outcrops known to contain copper mineralization.
All but two samples exceeded the 1.39% Cu grade reported for the Rio 27 mine run-of-mine grade. (The Rio 27 mine is adjacent to the Illapel project.)
I continue to bid VMS at CA$0.11/US$0.08 ahead of a mid-July drilling program.
You want to be the first to know about interesting things Base metals And Critical metals investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. |
Subscribe |
Important Disclosures:
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their households) own securities of Vortex Metals Inc.
- Michael Ballanger: I, or members of my immediate family or household, own securities of: Vortex Metals Inc. I determined which companies would be included in this article based on my research and understanding of the industry .
- The statements and opinions expressed are those of the author and not of Streetwise Reports, Street Smart or their principals. The author is entirely responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or distribute this article. Streetwise Reports requires contributing authors to disclose any ownership or economic relationships with the companies they write about. Full author disclosures can be found below. Streetwise Reports relies on authors to provide this information accurately and Streetwise Reports has no way of verifying its accuracy.
- This article does not constitute investment advice and does not constitute a solicitation for any investment. Streetwise Reports does not provide general or specific investment advice and the information contained in Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult their personal financial advisor and conduct their own comprehensive investment research. By opening this page, each reader agrees to Streetwise Reports' terms of use and full disclaimer. Streetwise Reports does not endorse or recommend the activities, products, services or securities of any company.
For additional information, please click here.
Michael Ballanger Disclosures
This letter makes no warranty as to the accuracy or completeness of the data provided. Nothing contained herein is intended or should be considered as investment advice, implied or otherwise. This letter represents my point of view and reproduces the transactions I make, but nothing more. Always consult your registered advisor to assist you in your investments. I accept no responsibility for any loss arising from reliance on the data contained in this letter. Options and junior mining stocks contain a high level of risk which may result in the loss of part or all of the invested capital and are therefore only suitable for experienced and professional investors and traders. One should be familiar with the risks involved in junior mining and options trading and we recommend that you consult a financial advisor if you feel that you do not understand the risks involved.