District Metals – Historic Drill Results from the Svärdsjö Property Including 15.6 m at 13.3% ZnEq And Updates On Tomtebo and Gruvberget
Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX) joins me to recap the December 14th news release highlighting historic drill results that the Company just received at the Svärdsjö Property, in Sweden. 3 areas are highlighted in the release, all with high grade zinc equivalent long intercepts. I ask Garrett if these results change the ranking order of the Company’s projects and when work needs to be completed to follow up.
In addition to the Svärdsjö results we also recap some soil sample results from the Gruvberget Property and look ahead to the work plans at the Tomtebo and Gruvberget Properties.
If you have any follow up questions for Garrett please email me at Fleck@kereport.com.
Click here to visit the District Metals website to learn more about the Company.
The progression of the entire PM complex off of the January ’16 low to date is eerily similar to Tesla’s behavior between 2013 and 2020. In late 2019, TSLA hit a low of $12 and in almost exactly 1.5 years it hit $300.
I have no idea what kind of multipliers we are going to see in the metals complex, but I think we are looking at a move that comes around once or twice in a person’s life and it should begin very soon (no later than early March 2023 IMO and possibly as soon as within a couple of weeks).
RUN Dolly Varden! DOLLF
Kootenay is kicking a lot of butt these days, today it is up almost 30%. DT 😉
Silver finished the week down yet Kootenay finished up 76% on the best volume since March.
https://stockcharts.com/h-sc/ui?s=KTN.V&p=W&yr=7&mn=2&dy=0&id=p03742614589&a=708378089
Brixton is revving at the stop light. It is ready to begin peeling higher with all precious metal stocks. LOL! DT
Friggin’ awesome! I put SCZ on the alter to buy more KTN, then took 30% off the table way to soon but for a good profit. I’m riding core+ positions on this with BBB for awhile.
Btw, IMHO, SCZ looks like a buy in the high thirties to .40 range.
Call me crazy; I’ve sold no KTN at all.
https://stockcharts.com/h-sc/ui?s=KTN.V&p=W&yr=5&mn=0&dy=0&id=p69849514484&a=945596628
… I’m crazy, I missed out on more profit than I made already but that is why I am holding on now.
Good move. It’s early days so holding on makes sense. We just have to be prepared for the inevitable and sometimes surprising sharp pullbacks.
We’re 12 sessions into the month and KTN is up 100% which was much more than enough to flip its monthly parabolic SAR to LONG for the first time since May 2020…
https://stockcharts.com/h-sc/ui?s=KTN.V&p=M&yr=6&mn=6&dy=0&id=t3807077035c&a=1312127129&r=1671232390597&cmd=print
Never owned KTN but had a lot of SCZ previously and sold way too soon. Had a lot of AGX also and sold way too soon.
“Way too soon” has always been a big problem for me.
The only way I can get around it is to sell less at a time and watch the charts closer. It helps but is not ‘the cure’ haha!
Hi Terry, why don’t you inform us when you plan to sell a particular stock and we can buy! LOL! DT
Yes DT sharing is caring
The Fed continually gets everything wrong, now they are getting the employment picture wrong. Jobs are being lost at an alarming rate, but they are still claiming employment is at a high. Wrongo in the Congo. How can you raise rates that should have been raised twenty years ago and expect the genie to go back into the bottle. To allow the same people who got us into this mess to get us out is nothing but insanity. DT
From Hedgeye this morning: FYI
” There’s always a bull market developing somewhere – Gold Up +0.5% with USD and Rates Up this morning is super bullish – when was the last time we wrote “super bullish” about something? (never). Gold Volatility < 15 is what gets that characterization."