Transition Metals on CEO Clips
Transition Metals is up at CEO Clips.
Mar 21, 2018 Millennial Lithium Corp. (ML: TSX.V) (A3N2:GR: Frankfurt) (MLNLF: OTCQB) (“Millennial” or the “Company”) is pleased to provide an update on its activities at its flagship lithium project, Pastos Grandes, and its Cauchari East project in Argentina.
Caesar’s Report is covering the expansion of Argentina Lithium’s holdings.
Golden Arrow (V.GRG) has commenced drilling on its new Antofalla silver-gold-base metal property in Catamarca province.
Mining Victoria Gold’s (V.VIT) Eagle Gold Project at Dublin Gulch in Yukon literally means taking off the side of a small mountain. That mountain hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold at .67 gpt. Operating costs are estimated at US$550 per ounce and the mine is designed to produce approximately 200,000 ounces of gold per year in full operation.
“I am not your typical CEO,” said Brian “Griz” Testo. “I was a prospector/developer during the Alberta diamond rush. One year I was flying down to PDAC and I met Pam Strand. She introduced me to Mike Dufresne. They told me if I wanted to develop properties the way I thought they should be developed I needed to have my own company. So with their help I started Grizzly Diamonds. Other opportunities came along and we switched the name to Grizzly Discoveries (V.GZD).”
Our friends at Western Copper and Gold have a mountain top of copper and gold in the Yukon. Billions of pounds of copper, millions of ounces of gold. It is a 2 billion CAPEX project which makes sense when copper is selling above $3.50.
A 500 million dollar mine is big news. Big enough to rate a mention on the CBC.
Whenever a company comes out with a PEA I always look at the CAPEX first. The fact is that, regardless of the size of the resource, the estimated mine life or the internal rate of return, the CAPEX number gives a good first approximation of whether a project is actually feasible.
Interesting piece on Argentina Lithium expanding its lithium holdings on the Salar de Antofallo in Salta Province, Argentina.