Erik Wetterling – Value Proposition For Magna Mining and Western Alaska Minerals Based On Recent News Releases
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss two junior resource companies that have put out recent news to the market; where he is attracted to the current value proposition.
- Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) announced September 12th that it has entered into a definitive share purchase agreement dated September 11th2024 with a subsidiary of KGHM International Ltd to acquire a portfolio of copper, nickel, platinum, palladium assets located in the Sudbury Basin. Magna will acquire the producing McCreedy West copper mine, the past-producing Levack mine, Podolsky mine, and Kirkwood mine, as well as the Falconbridge Footwall (81.41%), Northwest Foy (81.41%), North Range and Rand exploration assets.*
- Western Alaska Minerals (TSXV:WAM) (OTC: WAMFF) announced on September 10th an update on the 2024 discovery at the Warm Springs Target, on its 100% owned Illinois Creek project in western Alaska. This is appearing to be a CRD type mineralization, where Silver-zinc-lead mineralization has been intersected Including 1.15 m @ 687 g/t Ag, 33.64% Pb, and also 2 m @ 88.5 g/t Ag, 2.39% Pb, 4% Zn.
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
* In full disclosure, Shad is also a shareholder of Magna Mining at the time of this recording.
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As I said DT , I’ll believe it when it happens. Bloc and NDP win by elections so liberals in trouble but will it be conservatives who benefit in the end we will still have to wait and see….
Agree fully that Magna is still way undervalued given the recent news. Still my largest holding and haven’t sold any despite the recent move. Believe Emerita is also way undervalued and showing signs that it’s about break to the upside as well.
Thanks all for your thoughts/input on Kootenay and impact.
Does anyone have another near term producer of copper on their radar? I still like it going forward.
Wolfster, I knew The Bloc was a threat, we are dealing with Quebec, the important thing to remember is The Liberals lost a stronghold seat. The Conservatives came very close in Manitoba, but The Liberals were way back they didn’t stand a chance. Manitoba is NDP territory, but I figured we had a shot in that riding. The NDP managed to hold on, but The Conservatives nationally are very strong in the polls I have no doubt they will win the next Federal Election and form a new government. We haven’t lost the war although we lost one battle. The Liberals were the big losers yesterday, The NDP just managed to hold on to their seat in Manitoba.
Bloc 1
Liberals -1
Conservatives 0
NDP 1
I’ve started to buy in to EMO
Wolf:
Take a look into Northisle Copper and Gold. Not sure if they would fall in your window.
Wolfster, rather than talking Canadian politics you need to think about the bigger picture that is happening in The World, and you will get it with this discussion with Bob Moriarty. I hope you and everyone else tunes in, we are indeed in perilous times. DT
The rise & fall of Silver since 2009 !!!!! ?
https://www.tradingview.com/x/RnkJx6jj/
SILVER : Retracement Underway?
(2021 High Support?)