Post by
reddog11 on Jul 28, 2022 2:00pm
New US EV bill
https://www.kitco.com/news/2022-07-28/US-gov-t-credit-requires-40-of-an-EV-s-battery-metals-to-be-sourced-in-the-US-or-free-trade-countries-report.html
Copper of course is not on the list, but Palladium is. The Thierry mine (as most here know) has identified more Palladium than previously known per news release in March.
Gold and especially silver are haviing a good day, but how long that lasts?
Copper is a wildcard right now, but with S. America reevaluating the copper rpyalties, copper price could certainly recover. I think anything close to $4 / pound and BHT will finish the PEA. In the meantime, the most recent share sale indicates and as "flow through" shares must drill which can identify more resource potential.
The "flow through" shares are always a little tricky, but they were sold at $.09 which is substantially over the current share price of $.06.
jmo-the "pumper"
RD
Comment by
reddog11 on Jul 28, 2022 2:19pm
...sorry, meant to say Palladium is on the "critical" minerals list, although not used in EV batteries. RD