I have only a small very underwater position in Nord Precious Metals aka NTH, but this tiny company continues to provide much entertainment. Proving once again that their stock symbol should be ADHD, now they have added two properties in Sweden, for each of which they will earn an initial 80% interest and then 100% by fulfilling requirements. There is no mention of who the seller is.
Finnsbo and Norrby are located in a traditional mining area of Sweden. Finnsbo has yielded a grab sample containing 27.1 g/t Au, 1.44% Cu, and 5.3% TREOY, of which more valuable Nd-Pr-Dy account for 25%. 17 grab samples from Norrby averaged 3.55 g/t Au along with unreported copper-cobalt assays.
Will these properties ever amount to anything? I doubt it, but hope I am wrong.
Metalla Royalty & Streaming aka MTA put out a PR announcing that GMIN had begun production at the Tocantinzinho gold mine in Brazil, and you can see why. MTA holds a 0.75% Gross Value Royalty on Tocantinzinho, which is very favourable because, unlike most royalty agreements, payment is calculated before expenses are applied. Once in full production, Tocantinzinho will become Brazil's third largest goldmine with an estimated mine life of more than 10 years, and will become one of MTA's largest revenue streams.
Saville was much more sanguine about gold this week. For him, the charts confirm that the correction in the PoG is complete. He also notes that gold in both the euro and $A is near to completing a very bullish declining wedge. And all this is happening as we approach the August-September period when gold stocks have set either an important low or important high for some years now.
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