A great write up in @StockheadAU discussing the @add.ax strategy at the London Victoria mine as it progresses brownfields development & an extension of greenfields exploration with $2.652m via a private placement.
buff.ly/sT9sx19
$ADD Adavale Resources Limited
Awaiting results from recent drilling campaign.
Visuals to date are encouraging.
Gold resource of 3.14 Mt @ 1.06 g/t for 107 koz with viable toll-treating options.
Current drilling to define new gold mineralization zones.
With the recent volatility and market sell off seeing some good buys appearing in the speculative end of the market
$CPM.ASX:
Market Cap: $2.8M
(SOI): 78M
Cash: $2M
EV: Currently $800K
Yearly Administrative & Corporate Cash Burn: $800K (Low, reflecting a well-managed operation)
TARIFFS: Ross Perot was right. At midnight, triple-digit tariffs hit China, targeting their strategy of flooding global markets with cheap goods to fund military expansion and challenge US dominance. Without access to America, the world’s top consumer, China has nowhere else to…
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