(Kitco News) - A spate of financings show mining is gaining favor, noted David Erfle, founder of JuniorMiningJunky.com.
This week Erfle recorded Digging Deep with Kitco correspondent Paul Harris.
The two discussed $1.2B of financings announced on one day, including raises by Cameco, Hudbay Minerals, IAMGOLD, Patriot Battery Metals, Solaris Resources and Faraday Copper, including four bought deals.
In copper news, Goldman Sachs trader Pierre Andurand out-Friedland’s perma-copper bull Robert Friedland by stating the copper price could reach $40,000/t, or $18/lb in old money, almost four times the record $11,000/t the metal recently hit. Friedland has offered a comparatively tame $15,000/t price.
The two also discussed the divorce between hot metal prices and mining equity prices that shows no signs of healing, which means all those junior miner valuation gap charts could be relabeled reality perception gap charts.
And does Rob McEwen’s poker face mean he is looking to use McEwen Mining’s 270% share price gain to leverage into other assets?
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Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
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