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Lewis Black, CEO, Almonty Industries

Lewis Black
CEO | Almonty Industries
100 King Street West, M5X 1C7 Toronto (CAN)

info@almonty.com

+1 (647) 438-9766

Interview with mine operator Almonty Industries: "Tungsten makes e-cars better"


Nick Luksha, President, Prospect Ridge Resources

Nick Luksha
President | Prospect Ridge Resources
1288 West Cordova Street Suite 2807, V6C 3R3 Vancouver (CAN)

info@prospectridgeresources.com

Interview Prospect Ridge Resources: These fillets taste good to the market


Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)

info@cleanlogistics.de

+49-4171-6791300

Interview Clean Logistics: Hydrogen challenge to Daimler + Co.


19. October 2021 | 13:44 CET

Barrick Gold, Standard Lithium, GSP Resource: Commodities booming

  • Commodities
Photo credits: pixabay.com

Copper, lithium and oil are just a few examples of commodities whose prices are going through the roof. The shares of the producers of these commodities are benefiting as a result. In addition, there is now often a takeover fantasy. This applies, for example, to Standard Lithium. The US explorer has now also published positive data for its project. It also applies to GSP Resource. At least as far as drilling results and takeover fantasy are concerned. The share price, on the other hand, still has room for improvement. The same applies to Barrick Gold. The Q3 figures were convincing, with the gold company earning brilliantly on every ounce, but the shares are trading close to the year's low.

time to read: 3 minutes by Fabian Lorenz
ISIN: BARRICK GOLD CORP. | CA0679011084 , STANDARD LITHIUM LTD | CA8536061010 , GSP RESOURCE CORP. | CA36249G1090


Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
"[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

Full interview

 

Author

Fabian Lorenz

For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

About the author


GSP WITH CONVINCING DRILLING RESULTS

The shares of GSP Resource are currently worth a look. At the end of last week, the share went under the wheels and fell to CAD 0.195. At the same time, the final results of the summer diamond drilling program of the Alwin project in the Canadian province of British Columbia were promising. "The final results from GSP's summer drill program support the model of a shallow deposit with large tonnages at Alwin. The summer program also delivered a new exploration target by discovering a new zone of mineralization beneath the western portion of the Alwin Main Zone at the bottom of holes AM21-02 and AM21-04. GSP is now in the final stages of preparation for a follow-up drill program to further expand the Alwin large tonnage model with additional holes to the north of the Alwin Main Zone. The results of the upcoming drill program, in conjunction with GSP's previous exploration results, will form the basis of an expanded large tonnage exploration model for the area previously considered a historic underground deposit," commented Simon Dyakowski, CEO of GSP.

However, GSP is not only exploring for diamonds. The Alwin project also has copper, gold and silver. Alwin operated as a copper mine with gold and silver content until 1981. However, 40 years ago, the copper ore grade of 1.5% was no longer economically mineable. But with today's technology and prices, the mine is once again very lucrative. In addition, a potential buyer with deep pockets is located in the immediate vicinity. That buyer is Teck Resources. The Company operates the Highland Valley Copper Mine in the region. It is one of Canada's most effective copper mines and is effectively exploited at a copper grade of less than 0.5%. Teck Resources has safely recorded the latest drill results at Alwin of 0.21% to 4.43% copper grades.

STANDARD LITHIUM BENEFITS FROM TAKEOVER FANTASIES

Exploration companies in the lithium sector are currently benefiting from takeover fantasies. Following the purchase of Neo Lithium - which owns a project in Argentina - by Zijin Mining for almost CAD 1 billion, Standard Lithium is one of the few still "free" explorers. Thus, the Standard share also marked a new all-time high a few days ago. No Chinese buyer comes into question for political reasons for the US company, but there is no lack of financially strong groups. Albemarle, for example, is repeatedly mentioned as a potential buyer. The specialty chemicals group is already one of the world's largest lithium producers and could further increase its reserves with a takeover. Standard Lithium has just published an update on the SWA Lithium Project. According to this, 30,000 tons of lithium hydroxide could be produced there within 20 years.

BARRICK DOES NOT (YET) CONVINCE INVESTORS

Barrick, the number 2 in the gold sector, has published figures for the third quarter. The Canadians were able to increase gold production by around 5%, from 1.05 to 1.09 million ounces.
On this basis, Barrick considers itself on track to achieve its guidance for the current year. The Africa & Middle East and Latin America & Asia-Pacific regions are at the high end of the forecast, while North America is closer to the low end, the group said. And the Canadians are earning well at the moment: break-even is at a gold price of around USD 1,040 per ounce, but the current price is around USD 1,798. The outlook is also good: The fourth quarter is expected to be the strongest in 2021. So optimism is high, unfortunately, only with the Company and not the investors. The share continues to trade near its low for the year. However, with a bit of patience, this offers a good buying opportunity.


Commodities - except for precious metals - are currently in demand. Standard Lithium is benefiting from high prices and takeover fantasy. If drilling results continue to be positive, this could soon become more concrete for GSP as well. Provided that the gold price does not collapse massively, one can probably not go wrong with purchasing the Barrick share in the medium term.


Author

Fabian Lorenz

For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

About the author



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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  • Commodities

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  • Commodities

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  • Commodities

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