PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Headwater Exploration is the leading company in the Clearwater area. It was spun out of Cenovus a few years back.
Production of c.12,000 boed and a market cap of $1.6bn CAD (c.£900m).
Here is their latest quarterly:
https://stockhouse.com/news/press-releases/2022/02/01/headwater-exploration-inc-announces-exploration-success-fourth-quarter
This is a factor I have not seen mentioned before ...
Amongst other things I3E is active in the Clearwater (or Marten Hills) area of Alberta.
This region is probably the hottest play in Canadian oil right now. The reason is the well economics. Flow rates may not at face value look huge but these wells payout in super-quick time and the IRRs can be out of this world.
The article below explains much (though I3E not mentioned specifically).
https://oilandgas-investments.com/2021/investing/the-first-new-north-american-oil-play-in-a-decade-the-clearwater/
Enjoy :)
Monthly dividends used to be the norm for oil and gas companies in Canada. Take a look at the example news trail below for what this looks like. There aren't any special dividends, the company will just crank the number up or down based on cash flows.
https://stockhouse.com/companies/news?symbol=t.wcp
Platreef
Ivanhoe's Platfreef mine has well over 1bn tonnes at 2g/t 3E PGMs plus 0.4% nickel. It's at 700m and the capex is definitely non-trivial.
I really like this. It shows you don't need super-high grades to go deep as long as the deposit is big enough.
PGEs mentioned by BT in a tweet.
"We’re particularly interested in what the fire assays might reveal for PGEs. It’s just a feeling right now but does look like a fruitful lead to pursue"
It's the Bushveld peeps, or at least it's distant cousin :-)
This is how you do it.
https://app.sharelinktechnologies.com/announcement/asx/110135b4fca07af056b94e461040fe9b
From Conico Ltd, an ASX company exploring in Greenland.
KeithOZ may correct me but I don't think that "globules" really fits with any of the four types of sulphides that are commonly referred to.
My totally amateurish understanding:-
Disseminated - small specks of gold colour
Net-textured - patchy or streaky (not quite solid) gold colour
Semi-massive - solid gold colour but a minority of the rock
Massive - majority of the rock is solid gold colour
I found it a bit frustrating in the recent RNS where no adjectives were attached to the word "sulphides". Usually you get "disseminated", "net-textured", "semi-massive", "massive" or more usually a combination of those words.
Take a look at this - http://northern-shield.com/wp-content/uploads/Fact-Sheet_Idefix-Nov-2015_Combined.pdf - note, this was found via Google I know nothing about the company involved.
There are some pictures at the bottom of the first page of globules of sulphide which are supposedly found "adjacent" to the massive sulphides at Norilsk.
Perhaps this is what they have seen?
So ... Who is heavily into PGMs and also has a massive presence in Botswana?
https://www.angloamerican.com
The obvious partner IMO.
Disko is the big play here not Dundas. Noril'sk is the most valuable mineral deposit in the world, but it's in Russia and is very dirty. What do you think 49% of that would be worth? In a clean geo-politically friendly jurisdiction ... At least $10bn would be my guess.
We have to wait until 2024, but they only need 3 or 4 drill hits of the right type to prove the Noril'sk theory.
Don't get me wrong I really like the ilmenite and they are right to bring it in to production first but it's essentially just a bootstrap operation.