Firefox Gold – Company introduction to this Finland exploration play and upcoming webinar on Monday at 1pm PT
Patrick Highsmith, Chairman of Firefox Gold (TSX.V:FFOX – OTCQB:FFOXF) joins us to provide a high level overview of the Company and the focus in Finland in the Lapland Greenstone Belt. The Company holds 12 properties in Finland with a focus on 4 drill ready prospects. A drill is scheduled to arrive on site at the beginning of October to systematically drill the prospects.
As mentioned I will be hosting a webinar this Monday September 13th at 1pm PT (4pm ET). Click here to register for free. Also send me your questions for Patrick and Carl to address during the webinar. My email address is Fleck@kereport.com.
Click here to visit the Firefox website and read over the Corporate Presentation.
Maybe the PM stocks buyers went to Uranium…mercy!
Agreed. As noted the last few weeks, Uranium stocks have been on an absolute tear to the upside, and today they are just surging even higher with many companies up double digits, yet again. I trimmed back a number of my Uranium stock positions today into this surge higher, and have sold out of 2 (Azarga on the takeover news, and Standard Uranium after a nice run higher) but I kept 5 core positions (UUUU, URG, DNN, UEC, NXE) in place for the journey higher.
Amir Adnani (of UEC) @AmirAdnani 10:36 AM · Sep 10, 2021·Twitter Web App
“2006 #uranium bull market was ignited w news of Cigar Lake mine flooding, delaying 18M lbs of U entering the market as new supply, today’s @Sprott news of adding $1B to their ATM means 20M+ lbs of new buying! All supported by best fundamentals in the #uranium market in a decade!”
Someone named @TheMailman over at ceo.ca posted this early on the substantial move higher in the Uranium price triggered by all the buying of the new Sprott physical uranium fund. Pretty eye opening, and why the miners have just rocket higher the last few weeks.
It’s just nice to see a bright spot in the resource stocks, and even though Uranium stocks already had a nice move from the latter half of 2020 and into the first half of 2021, this recent “second wind” higher has been pretty epic. Hopefully some investors here are enjoying the gains in their uranium stocks, amidst and overall lackluster rest of the mining sector.
Well, actually the Lithium stocks have been on a great run higher for the last year also, and the senior Copper miners have had a very nice run.
It’s just the PM miners, in a general sense, that have been underwhelming for some time now, but that makes them the most attractive area to be accumulating IMO.
Even mutts can fly with backing from US military and Feds.
The reason the Uranium stocks are flying has absolutely nothing to do with either the US military or the Fed.
For anyone actually following along with the Uranium sector is it all about the fundamental supply/demand set up, with most mines having completely closed or gone on care and maintenance in the last 2 years, with the secondary supply from Russian & Kazak underfeeding having dried up, with over a half dozen companies buying U308 right out of the spot market, and now the Sprott physical fund mopping up the rest…. leaving hardly anything for the utility companies to purchase.
As we’ve covered repeatedly on here for some time, the utility companies have not only been out to lunch on the true availability of short-term supply, but completely asleep at the wheel. They’re about to have a real awakening on what the dynamics really are, and finally start coming down to deal with the miners and negotiating off-take contracts (at even higher prices than where things are to incentivize new production). The miners are and have been anticipating this, hence the big run up over the last year.
This has been a very easy thing to see coming over the last few years and it has been gaining momentum since the Uranium price double bottomed at that $17-$18 low in late 2016 and again in late 2017. Since that bottom, the sector has been gradually trending higher, but over the last year it has really picked up the pace, and there has been massive volume inflows into the miners, showing the smart money institutional funds finally got the memo. The more uranium that gets sucked out of the spot markets the more obvious it will become to the utility companies.
Positioning in the Uranium stocks when they were so beat up and riding this trend higher has been an easy trade in the resource sector that was inevitable to play out… and it has been in spades.
Good to see some people making money from investing in it.
Absolutely it is, as most of the resource space has been lackluster the last few months. There has been another blip in Copper recently too, but that’s another supply/demand setup that was easy to see coming. Same thing with the huge run over the last year in the Lithium stocks feeding the explosion of demand for batteries.
My portfolio sure benefited over the last year by being diversified across other sectors besides just Gold and Silver stocks, but increasingly I’ve reduced my exposure to the sectors that have run so well, and am rotating even more funds in the PM miners now that they have been so beat down. The Gold and Silver stocks are looking much better on a risk/reward setup now than these other sectors (like Lithium, Uranium, Copper, Palladium, etc…) that have already gone up 3x-10X in many names.
As of this afternoon I’m the most concentrated in the PMs that I’ve been since 2019, and while there may still be some more short-term weakness, the medium to longer term setup looks quite appealing and will be worth holding through any remaining turbulence to come.
My third buy of uranium was rolled into base metal stocks back in May-June. I missed two good U runs by being impatient. I am patiently waiting now a move in the “other stuff”.
Made the mistake of thinking we were going to spend money we don’t have on infrastructure for the taxpayers, but Instead we are continuing to spend money we don’t have on the fraudulent activities of Wall Street.
The Uranium Frenzy is On
September 10, 2021 – Katusa Research
“Nuclear energy is carbon neutral, powers 1 in 5 homes in America, and is the cheapest operating source of baseload power in America.”
“After 10 years in a brutal bear market, uranium prices have roared to 6-year highs.”
“Bloomberg headlines are rolling and YouTube and Twitter algos are blasting uranium stories on everyone’s feeds. Even WallStreetBets (of AMC and GameStop fame) is in on the action, having alerted their members.”
“Here’s the deal, uranium stocks are at multi-year highs…”
After parsing Katusa’s loaded words below, there would be many who would disagree with him. I’d be one of them but not willing to put up an essay here.
But it is good that some people can make money investing in the uranium miners.
The main takeaway for investors in the Katusa Research piece posted, was the explanation of how the Sprott Physical Uranium Trust (which was previously the Uranium Participation Fund) has been using their “At The Market” financing to buy up physical uranium out of the spot market, and how this buying pushed the uranium spot price to over $40 this week, the highest level its been in 6 years.
In addition he notes, and correctly so, that about 50 of the uranium mining stocks have almost all appreciated in the last 2 weeks on the back of this, which is also true.
Another point made, and rightly so, is that some of the Wallstreet Bets crew, made famous from pushing shorted meme stocks like Gamestop and AMC higher earlier this year, have put uranium mining stocks in their sites.
Dual-listed companies (withUS big board listings)that the retail mobs can trade on their Robinhood, Stash, and WeBull platforms , like Cameco, Energy Fuels, Ur-Energy, Denison, Nexgen, and UEC are being discussed on Reddit and those trading platforms messaging features and getting those investors bid.
Overall though, the move higher has been happening across the whole uranium mining space for more than a year, and there already was a large move higher in valuations in most of the quality uranium stocks from 2020 into 2021. This latest upleg was simply fueled even higher by the buying in the spot market that the Sprott Physical Uranium Trust has been doing.
Yes, it is nice to see that resource investors with some uranium exposure are being further rewarded as a result.
Oh, and since today’s editorial here was on Firefox Gold in Finland, and their solid drill assay results this week from their Mustajärvi Project, they have also been a “bright spot” in the market. 😉
(FFOX)(FFOXF) FireFox Gold Grows High-Grade Zone at the Mustajärvi Project in Finland with 16.45m of 7.69g/t Gold in Latest Drilling
September 9, 2021
Firefox mentioned at 22:10 min mark:
Crescat Gets Activist on Gold & Silver #47 – Beaver Creek Precious Metals Summit :
Dr. Quinton Hennigh gives brief updates on : $ELO 8:28, $SGD 11:40, $TECT 13:00, $NVX 13:35, $LIO 14:28, $ETU 15:40, $RSLV 16:70, $NFG 17:20, $NVO 19:12, $DEF 20:00, $SGU 21:00, $AU 21:30, $FFOX 22:10, $ESK 22:25, $IAU + $TBR 23:30
still a bit more leg down until a significant intermediate low…imho……however, if the general equities crack miners will get even more valuable for a while..imho