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Ascendant Resources Inc T.ASND

Alternate Symbol(s):  ASDRF

Ascendant Resources Inc. is a Canada-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada volcanogenic massive sulphide (VMS) project located on the prolific Iberian Pyrite Belt (IPB) in Portugal. The Lagoa Salgada Project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers (km) southeast of Lisbon and is accessible by national highways and roads. The Project is comprised of a single exploration permit covering an area of approximately 7,209 hectares. The Project represents an early-stage, potentially high-grade, polymetallic zinc-lead-copper exploration opportunity in a low risk, established and prolific jurisdiction. The Lagoa Salgada project comprises two known deposits: Venda Nova North and South. The Project represents a low-cost entry opportunity to gain exposure to a known, high-grade VMS deposit.


TSX:ASND - Post by User

Post by 101724on Feb 11, 2023 9:30am
593 Views
Post# 35281300

Dollar vs. Metals

Dollar vs. MetalsThe US dollar against the yen is currently at $131.38 which is very strong but way over-valued. Gold has held strong between $1850-$1900 and silver between $22.50-$24. Base metals have also held stong despite the US dollar strength. Copper has been in the $4-$4.25 range and zinc in the $1.40-$1.50 range. Most people talk about low supply being the catalyst for a metal run. I think they should be focused on the dollar more than the supply and demand. When the dollar collapses, and history shows it will collapse, that's when prescious and base metals will run. A 50%-100% jump in metal prices would not shock me. Now you throw in supply and demand and that's when you'll see the share price of miners jump 300%-500%, if not higher. You may as well throw oil and bitcoin in the mix. $120-$150 oil is coming. Just a matter of time. I don't see any of this happenning soon but, 9-12 months is a strong possiblity. Just my opinion on a boring Saturday morning.

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