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Condor Resources Inc CNRIF


Primary Symbol: V.CN

Condor Resources Inc. is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company’s flagship Pucamayo project is located 185 km southeast of Lima and covers an area of approximately 85 square kilometers (km2). Its other project includes Chavin, Soledad, Quriurqu, Huinac Punta, Humaya, Andrea, San Martin, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 14 km2 within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. The Company’s Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. The Quriurqu property is located in the Department of Ancash, northern Peru approximately 10 km south of the Soledad project. The Huinac Punta is about 65 km south-east of the Antamina mine. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.


TSXV:CN - Post by User

Post by Crashcomingsoonon Jul 11, 2024 11:53am
86 Views
Post# 36128444

Gold

GoldMy Comment:  It's all about the debt. And sovereign debt will explode higher in the next recession.  How much longer can they hold things together? I'm expecting the US national debt to rech $40 Trillion by 2026.

Stop worrying about the pennies as gold and silver consolidate, focus on the bigger trend, says analyst David Brady | Kitco News
Excerpts:

Brady added that $3,000 is only a mid-rally target, which triggers a much steeper correction; long term, he said he sees prices going to $5,000 and potentially even $10,000 an ounce. 

“This is the start of a bubble in precious metals,” he said. “This is going to go on for a decade or two, or maybe more because confidence in fiat money is disappearing.” 

In a world that is drowning in debt, Brady said that gold and silver remain the only solid store of value. Currently, the U.S. debt is $34 trillion, and many economists, including Federal Reserve Chair Jerome Powell, have said that it is on an unsustainable path higher. 

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