Company Updates From Management – Wed 7 Apr, 2021

Heliostar Metals – Surface results from the Cumaro Project in Mexico

Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF) joins me to recap the initial surface results from the Cumaro Project in Mexico grading 390g/t Silver. Charles and I discuss the location of the project in relation to SilverCrest Metals El Picacho Project. I also have Charles provide an overview of the target after all the surface results.

Click here to read over the news release focused on the Cumaro results.


Comments:
  1. On April 7, 2021 at 8:38 am,
    Mike in Albuquerque says:

    Off topic but – GR Silver Mining Announces $8 Million Bought Deal Financing
    see: https://finance.yahoo.com/news/gr-silver-mining-announces-8-112200389.html

    Is this good news or other? How do folks feel about the company and bough deal financing?

  2. On April 7, 2021 at 8:50 am,
    Mike in Albuquerque says:

    Just saw that the financing grew by 2 million – so where do the cash go? Another purchase like Marlin Gold?

    • On April 7, 2021 at 12:19 pm,
      Matthew says:

      Since that company burns money and doesn’t earn money (like so many of our favorite juniors), the need for more working capital is an ongoing concern regardless of plans the company has (e.g., drilling, acquisitions, development, administrative, etc.). Whatever they are going to do with the funds, I think their timing was good (and hopefully they didn’t raise money at 10 cents last year!).

      I don’t own or follow it but the chart looks just fine to me.
      https://stockcharts.com/h-sc/ui?s=GRSL.V&p=D&yr=1&mn=0&dy=0&id=p49236042802&a=934587112

      • On April 7, 2021 at 12:56 pm,
        Mike in Albuquerque says:

        Matthew – thanks for looking at the charts and giving your thoughts!

  3. On April 7, 2021 at 9:31 am,
    Dick Tracy says:

    Iridium has gone up more than Bitcoin this year from $2000 per ounce now at $6200 per oz. Iridium is a by product of Platinum Palladium Mining, another reason to really like Group Ten Metals, don’t forget Rhodium which is now at $26,500 per oz. The market some day for this stock will be like Iridium and beyond. DT

    https://www.kitco.com/news/video/show/Market-Analysis/3307/2021-04-07/Iridium-beat-Bitcoin-this-year-so-what-is-the-rare-metal-Jeff-Christian#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis

  4. On April 7, 2021 at 6:25 pm,
    David says:

    DT:
    I just think they got the miners capped. I hope this isn’t s prelude to smashing the charts. CNBC had every general market pumper on the network today including Fed Governors. Management of Perceptive Economics.