I’ve been checking out some mining stocks that are good to invest in and I came across these that have good potential.
$GSPR – GSP Resource Corp
They have the Olivine Mountain Project and Alwin Mine Project. The Olivine Mountain, they are already in Phase 2 of its exploration. Their Alwin Mine Project has commenced and the drilling map plan is on their site.
$SLSSF – Solaris Resources Inc
They recently began exploiting new mining fields, with the latest being Warintza project in South-eastern Ecuador. This makes them an acquisition opportunity. Also, this acquisition has significantly been de-risked by being fully funded and the availability of drilling resources. Aside from that they also have the Tamarugo Project in Chile and Capricho and Paco Orco project in Peru.
$ORRCF – Oroco Resource Corp.
They are mineral explorers whose expertise is in the development of resource opportunities in Mexico, hence the Santo Tomas Project that lies within the Laramide Belt, which hosts world-class copper deposits. It hosts a porphyry copper deposit composed of fracture and disseminated Cu and Mo sulfides with significant Au and Ag credits. They also have a project in Xochipala, wherein they hold 100% interest in two contiguous mineral concessions in Guerrero, Mexico; Celia Generosa and Celia Gene, which totals 193 hectares.
$FCX – Freeport-McMoRan Inc.
FCX is one of the largest global copper producers, well-diversified, and essential to the global supply of copper. Generated cash proceeds to reduce net debt by over $8 billion through a series of transactions, including the sale of Tenke Fungurume, a 13 percent stake in Morenci, and substantially all of the company’s oil & gas assets. And in 2018 they completed the transaction with the Indonesian government regarding PT-FI’s long-term mining rights and share ownership, marking the beginning of a new partnership with Indonesian state-owned enterprise, PT Indonesia Asahan Aluminium (Persero) (PT Inalum)
$SCCO – Southern Copper Corp
The 5th largest producer of copper and the world's largest reserves. The price of copper has doubled in the last two years. Demand is booming while supply is going in the opposite direction. Goldman Sachs expects the demand for copper to increase by 600% by 2030. The current inventory can only supply three weeks of copper. Between 2010 to 2016 global mine production grew by 27%. Since then it has barely grown.
To get another frame between 1900 and 2010 new discoveries averaged 50 million metric tons per year. Since then the average has been just 8 million.
Thoughts?
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