/biz/ - Business & Finance

>>55097089
I will also recommend you to keep an eye on some other big mining companies. Nutrien should be an excellent buy & hold but best wait until fertilizer settles down into a bottom price first -- potash is at about $400-500/t right now, I'd like to see it go to $200-300/t before I buy. Iron ore majors -- RIO, VALE, BHP -- also great and very profitable companies, but again I'd like to see iron ore take a beating first so that I don't buy into a company with diminishing cash flows. Copper producers -- RIO (again), IVN, TECK, etc. -- same here, great companies in this space but in the short term copper could take a beating.

I am a biased commodity bull so do take with a grain of salt. I just see an increasingly energy and materials hungry world where the necessary production is just not there to meet all of the demand coming within the next few decades. I'm rather bullish on metals and energy, I recommend you do your own DD and have your own theses as well.

Artemis Gold Inc.
ARTG (TSXV): C$4.56
Stock Rating: Outperform
Target: C$10.50
Risk Rating: Speculative

Blackwater Construction Progressing to Plan
Event: This morning, ARTG provided an update on site activities at the Blackwater project.
Impact: Continued progress according to plan lends for modest de-risking, though still early with first pour in H2/24
(unchanged) and with this we ascribe a neutral bias. No comments on development capex, yet risk of material capex
overruns reduced with over 90% of procurement packages ordered. Today's update follows recent milestones including
ordering Phase 1 fleet (see NBF April 14 flash).

Highlights
•Bulk earthworks at the plant site nearing completion, with first concrete pour in the ball mill foundation completed.
•Construction camp completed, expanding site capacity to 420 persons. Expected to further increase to over 500 people in~Q2/23.
•Personnel. Currently over 200 staff and contractors are working on-site.
•Construction equipment delivered to site, including excavators, backhoe loaders, compactors, grader, telehandlers, and a fuel and lube truck. The earthworks fleet now contains ~35 individual pieces of equipment.
•First concrete pour in the ball mill foundation completed.
•~73% of the detailed engineering for the processing plant completed by the EPC contractor Sedgman by the end of April (was ~63% by the end of February);
•over 90% of total procurement packages awarded, including all critical path items.

Maintaining Outperform and $10.50 target. Our thesis is supported by attractive economics from LOM production
of 339k oz/year over ~22 years, based on the largest undeveloped reserves for a gold project in Canada, offering
jurisdiction and M&A appeal. Trading at adj. P/NAV 0.38x (MOZ 0.43x, OSK 0.58x). Our target is based on 1.00x NAVPS.

>>52999448
He wouldnt come here just to lie.right?

>>52895603
>17k
All on tesla calls