Discussion in 'Penny Stocks' started by rickydi, Mar 14, 2021.
DSM DSMTF 100% copper and fully funded
Mining giant BHP's Udd speaks about the bull run in copper
Rajan Dhall Wednesday April 14, 2021 08:39
(Kitco News) - BHP president of minerals for the Americas, Ragnar Udd has laid out why he is so bullish on the copper industry at the moment.
He said "A great example is electric vehicles. Policy signposts for rapid electric vehicle (EV) adoption were distinctly favourable over the last (12) months and we have revised our internal EV penetration forecasts upwards,". He added, "These vehicles use four times as much copper as petrol-based cars, and they will also need more infrastructure to connect charging stations to the grid.".
Udd stated that BHP expected the world's Paris-aligned emissions reduction targets to more than double the demand for copper and quadruple for nickel over the next 30 years. "The commodities we produce are the building blocks of the modern world. And they always have been," Udd said.
In regards to demand "Everything from railroads to bridges, aeroplanes to batteries, and mobile phones to medical instruments require the resources that we produce. The simple truth is that we cannot build a better world without a reliable supply of these natural resources.".
BHP had invested about $US11 billion ($14.39 billion) in Chile alone, the world largest copper-producing nation. The Escondida mine is 57.5% BHP-owned and produced 1.19 million tonnes of copper in 2020.
TSX.V DSM OTCQB: DSMTF
100% COPPER, FULLY FUNDED, CURRENTLY DRILLING ITS FLAGSHIP HAIB
ORIGINAL: Deep-South Debenture Sold and Converted to Shares
2021-04-15 09:41 ET - News Release (via TheNewswire)
Vancouver, B.C., Canada – TheNewswire - April 15, 2021 – Deep-South Resources Inc. (" Deep-South " or “ the Company ") (TSXVSM) (OTCSMTF) announces that Teck Resources Limited (“Teck”) has signed agreements to sell the convertible debenture it holds with Deep-South to third party investors.
The convertible debenture has a principal value of $389,117 and is convertible into common shares of Deep-South at a conversion price of $0.115 per common share and has a maturity date of August 30, 2021. The convertible debenture shall continue to bear interest on the outstanding principal amount at a rate of LIBOR plus 2% per annum payable with the principal at maturity. On March 31, 2021, the accrued interest is valued at $60,962. Upon closing of the transaction, the purchaser of the convertible debenture will convert the debenture into 3,913,730 common shares of Deep-South.
Pierre Leveille, President & CEO of Deep-South stated, "We are pleased with this transaction. Our balance sheet is now debt free and we are well funded to advance the development of the Haib Copper project throughout 2021.”
Following the sale of the convertible debenture and its conversion by the purchaser as described above, Teck holds 22,579,608 common shares of Deep-South, representing approximately 15.7% of the issued and outstanding common shares of the company. Teck may determine to increase or decrease its holdings in Deep-South depending on market conditions and any other relevant factors. A copy of Teck’s early warning report may be obtained from Chris Stannell, Public Relations Manager, Teck at 604.699.4368 or [email protected].
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa. The recent preliminary economic assessment demonstrated that at a price of copper of $3.00 / lb, it generates an after-tax NPV of $950 million and an after-tax IRR of 30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )
Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. Furthermore, in using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copper was up near 0.20¢ a pound last week
DSM.V, OTCQB: DSMTF price went up again
Cu Ni Al Zn Pb
SM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 09:31:31 EDT
Last friday stock closed @ 0.235¢
Today opening will be at 0.25¢
The driver is copper price going up
DEEP SOUTH RESOURCES TSX.V : DSM OTCQB: DSMTF http://www.deepsouthresources.com/
« Small Cap research report extract: »
Deep-South Resources Inc. holds 100% of the Haib Copper deposit in mining friendly Namibia. Haib is arguably the oldest porphyry deposit in the world and one of the largest in Africa. It’s also one of the larger undeveloped copper deposits with a total NI 43-101 Compliant Mineral Resource Estimate of 799.1 Mt at a grade of 0.30% copper (Cu).
The Company has recently completed an updated Preliminary Economic Assessment (PEA), which returned an outstanding post-tax NPV of US$1.3bn and a post-tax IRR of 42.1%, with a payback period of 3.4 years using a copper price of US$3.5/lbs. (Current Cu price 4.30$ a pound)
Deep-South Resources is now in the process of advancing the Haib Copper Project towards a feasibility study with plans to complete a 12,000m infill drill program to expand the already impressive resources even further. Despite making significant progress at Haib, Deep-South Resources is significantly undervalued compared to other copper project development companies. Consequently, we initiate coverage of Deep-South Resources with a buy recommendation and a price target of $0.67, which is 252% above today’s stock price.
EXPERTS ARE SAYING:
China to load up on base metals
Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk
Commodities are in a supercycle Now..Jon Deane
Redcloudsfs initiating coverage on Deep-South Resources Inc. with a BUY rating and C$2.00 target price.
Mining giant BHP's Udd speaks about the bull run in copper
Here is our update on copper prices for April 2021! The copper price rose drastically on Monday, gaining nearly 2% throughout the day. And as today we see a continued trend of rallying copper prices, 2021 could very well see them reach a 9-year high. A rapid increase in demand is the reason why copper prices are rising at the moment. And some analysts have come forward with bold cooper 2021 projections, saying the red metal could average at around $11,000 per ton over the next year. That is given the fact that currently the copper prices chart is approaching $9,617 – the highest point since 2011.
Barchart Technical Opinion STRONG BUY
The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
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