Commencing Mining Establishment + Eric Sprott Holdings It’s about time we saw a selloff in the market. With the major indices down nearly 2% across the board due to treasury yields, I’m getting ready to top up on some positions in my portfolio.
A company I'm planning on adding more of is Trigon Metal. They're a junior mining company focused on copper and silver projects in Africa. Their two main projects, Kombat and Silver Hill, are promising. But Kombat is probably the reason why I'm buying more here.
Kombat Mine in Nambia
- Historical output reaching 12.46M tonnes of copper with an average grade of 2.6%
- $100M of usable infrastructure already in place from previous operations
- Recent exploration has shown mineral resource estimates of 12.2 million tonnes at 1.94% copper, 13.65 g/t silver and 0.70% lead
- And as of September 22, they commenced mining establishment for their open-pit mining operation!
With the recent raise of nearly $7M from financing, they're all cashed up for the time being and with the Kombat mine now in production. Things are looking extremely good for $TM. Famous fund manager Eric Sprott even owns around 20% of the company holding 31M+ shares. It's only a matter of time before we see $1 and some revenue numbers coming out of the Kombat mine. I'll definitely be buying more on the dip here!