Canadian Gold 2.35k and our Neighbour MOZ-tsx brought out their...

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07/04/20

03:52

Post #: 43916067
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Originally posted by btown: ↑

Hopefully Coronavirus doesn't ruin the drilling season. Should be drill rigs and Geo's locally based.

I came across this article, local Newfoundland economy is struggling:

"ST. JOHN'S, N.L. -- -- Newfoundland and Labrador's premier has released a letter saying the province struggled to borrow funds in recent weeks as the COVID-19 crisis deepened.

Dwight Ball told reporters today that since the letter was sent less than two weeks ago, moves by the Bank of Canada to support provincial funding markets allowed the province to proceed with a move to borrow $2 billion.

However, the March 20 letter informed Prime Minister Justin Trudeau the province's attempts to borrow had "been unsuccessful" due to collapsing sources of revenue in the offshore oil sector and declines in the province's resource-based economy."

Hopefully looking to diversify revenue away from oil to gold.

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Canadian Gold 2.35k and our Neighbour MOZ-tsx brought out their long awaited PFS. Seems very conservative numbers used, up +15% today.

Cape Ray project PEA under Benton using a very small scale mining operation pre drilling and expansion that MZZ done.

They used 1600cad gold versus 2.3k currently. AISC on a small scale operation was 880usd.

MZZ should show a much improved PEA + additional ounces + 700 per ounce Gold price increase.

MZZ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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