Barchart Technical Opinion STRONG BUY The Barchart Technical Opinion rating is a 80% Buy with a Average short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.
Good PR from DSM Link to read the entire news https://www.stockwatch.com/News/Item/Z-C!DSM-3058888/C/DSM 2 important facts OTCQB DSMTF And update PEA 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/
https://www.barchart.com/stocks/quotes/DSM.VN/overview Barchart Technical Opinion STRONG BUY The Barchart Technical Opinion rating is a 80% Buy with a Average short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.
Deep South Resources Inc (CVE: DSM- OTCQB: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to share news the company has now been approved to have their shares traded in the United States on the OTCQB market with the ticker symbol DSMTF. Leveille explains why this a big move for the company as they continue to advance the Haib Copper Project in Namibia.
Deep-South Resources kicks off drilling at Haib copper asset in Namibia The company aims to sink up to 10,000 metres (m), with a first phase of 5,000m, mainly focused on growing the higher-grade zone of the deposit. The Haib deposit, as defined so far, covers a surface area of 2.6 square kilometres and a depth of around 350m, with a high-grade area containing 140 million tonnes Deep-South Resources Inc (CVESM) told investors it has started drilling at its Haib copper project in Namibia, arguably the oldest porphyry deposit in the world. The first rig has arrived, while a second drill will be on-site in the coming days, the resource group said. The company aims to sink up to 10,000 metres (m), with a first phase of 5,000m, mainly focused on growing the higher-grade zone of the deposit uncovered by Deep-South in 2019. READ: Deep South Resources is "scratching the surface" of a massive copper porphyry in Namibia "We are well funded and are confident to deliver drill results that will enhance an already robust project and unlock further value for our shareholders," said Pierre Leveille, the CEO of Deep-South in a statement. "With the backdrop of a strong copper price, we are highly optimistic for the coming months. We are well on our way towards the development of the Haib copper project." The Haib deposit, as defined so far, covers a surface area of 2.6 square kilometres and a depth of around 350m. There is a high-grade area containing 140 million tonnes. A preliminary economic assessment (PEA) in May 2020 underscored its credentials, pegging the after-tax net present value (NPV) at US$957 million with an internal rate of return (IRR) of 29.7%, using a copper price of US$3 per pound. In the first 5,000m phase, infill drilling will be carried out with a view to expanding the higher-grade zone, better define the average grade, and eventually estimate a measured resource. Previous drill intersections from that zone included 56m at 0.76% copper and 74 parts per million (ppm) moly from 18m in one hole, the company said.
Thank you for your unterest in us Our proximity with China Sea port from Namibia to Chinese sea port China is the world largest Copper consumer/ user Soon we will meet again
Copper price $4.19 up 0.20¢ since last week DSM New PR 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 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.
According to BHP Copper is in a BULL RUN Mining giant BHP's Udd speaks about the bull run in copper Rajan DhallWednesday 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 ($14.39 billion) in Chile alone, the world largest copper-producing nation. The Escondida mine is 57.5% BHP-owned and produced 1.19 million tonnes of copper in 2020.
Copper Bull Run Copper April 16, Bid/Ask 4.2024 - 4.2174 Copper price up 0.20¢ from last week DSM 0.235¢ + 0.015
Live Spot Prices source: kitcometals.com SPOT PRICE IS OPEN Price: US$/lb Copper April 19,07:59 Bid/Ask 4.3174 - 4.3186 Change +0.1467 +3.52% Low/High 4.1707 - 4.3190
Here is an 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.
Copper breaks resistance to trade at levels not seen since 2011.....Deep South gaining momentum Copper continues to climb and hits its highest level since August 2011. Since breaking the trendline back in July 2020 the price has not looked back. From the March 2020 low Dr Copper is now trading just over 123% higher and some analysts are predicting the trend is still going to continue. Goldman Sachs's team of commodities analysts, led by veteran Jeff Currie, said "Copper is the new oil" in one of their latest reports. From a technical perspective, a logical target for the bulls is the 2011 high of $4.64/lb. In that bull run, the price moved 270% higher from the low point in December 2008 and if this current wave is anything like that one there is some way to go for the base metal. Looking at the volume at price, the $4.07/lb area is looking like it is gathering some importance. If the price does move back then maybe that level could be an important one for support. The previous wave high at $4.37/lb could also be an interesting level to watch. The rest of the Goldman Sachs report noted "Discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen,'. The report added copper will be needed to create the new infrastructure systems required for clean energy to replace oil and gas, however, there has not been enough of a focus on this so far according to the report. Demand will therefore significantly increase, by up to 900% to 8.7 million tons by 2030, if green technologies are adopted en masse, the bank estimates. Should this process be slower, demand will still surge to 5.4 million tons, or by almost 600%. Goldman Sachs recently upgraded its 2025 price target to $15,000 per metric ton ($6.80/lb). Source: https://www.kitco.com/news/2021-04-...e-to-trade-at-levels-not-seen-since-2011.html
Chile might struggle to keep up with copper demand.............BLESSING FOR DSM Tuesday April 27, 2021 05:39 The FT has reported that companies in the world's largest copper-producing country are struggling to meet demand. Diego Hernández, the president of Sonami, Chile’s national mining society thinks that it is not just the demand that could be a problem. He says that the nation's political concerns might mean that investment in copper and lithium projects could be delayed. The handling of the pandemic and the rewrite of the country’s Pinochet-era constitution are significant risks and he went on to say “If you are an investor, you probably will want to wait to see what is the result of this process instead of making investment decisions now,”. Reuters also reported that mining unions and port workers in Chile have threatened to protest over pension savings withdrawal issues. This is defiantly a situation to keep an eye on. Chilean President Sebastian Pinera recently announced the government will launch its own bill to allow the nation's people to draw more from their private pensions as mining unions threatening to protest if the government did not drop the bid. It is not clear if this is enough to settle the tensions as of yet. Morgan Stanley has also recently noted that the copper industry could benefit from the EV boom noting "Copper, a key commodity input for electric vehicles, and parts suppliers, are examples of such peripheral industries that could stand to benefit from EV growth in the years ahead.". Despite these developments, Chile's share of production slipped by 1.6% in 2020 compared with the previous 12 months. Having said that it still produces more copper than the next three countries combined. Knowing there is such a boom, last month Chile’s parliament approved a proposal to raise taxes on copper and lithium miners. The potential tax change on large producers will increase from 3% to 10%, and up to 100% of additional income if copper prices manage to reach $4.50/lb a figure that it nearly hit today. Looking at the price chart below it is clear to see how close the market is to hit the 2011 high of $4.64/lb. Source : kitco.com
Most Copper stock will do well DSM.V ¬ OTCQB: DSMTF will lead the sector with its 1.6 Billion $ after tax NPV Gianni Kovacevic: Is Copper Headed for its Biggest Bull Market Ever?
Deep-South Resources (CVE: DSM-OTC: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to bring news the company has released their first drill results from their current program at the Haib Copper project in southern Namibia. Leveille telling Proactive they saw significant copper and molybdenum intersections with numbers like 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuE and 0.65% CuEq over 36 metres, Leveille also told Proactive a change in the way drilling has been done in the past is being proven successful with these first results Everything you need to know in 5 minutes
https://www.stockwatch.com/News/Item/Z-C!DSM-3084395/C/DSM ORIGINAL: Deep-South Appoints the CSIRO of Australia to Conduct the Bio Assisted Heap Leaching Test Work 2021-05-19 09:20 ET - News Release (via TheNewswire) Vancouver, B.C., Canada – TheNewswire - May 19, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXVSM) (OTCSMTF) today announced that it has appointed the world-renowned Commonwealth Scientific and Industrial Research Organisation (“CSIRO”) to conduct bio-assisted heap leaching column test work, which is part of Deep-South’s recently announced metallurgical test work. METS Engineering Group (“METS”) of Australia has been appointed to supervise and overview the test work. Pierre Leveille, President & CEO of Deep-South stated, "With the drilling program under way, we are delighted to initiate a collaboration with CSIRO, Australia’s national science agency, which is a leader in scientific research and bio-assisted heap leaching technologies. The main aim of this test work is to improve copper recoveries and therefore improving the Haib Copper project robust economics.” The goals of the bio-assisted heap leaching test work include the evaluation of the performance of promising solvent extraction reagents for extraction and separation of copper and molybdenum and monitor and evaluate the adaptation of bacterial strains for improved ore processing. The test work will also monitor and evaluate percolation performance. The test work will mainly serve to optimise the bio-assisted heap leaching processes with the ore at Haib. This initial column test work will assess two s ize fractions of the ore. One will be at a size of <2.36 mm and the other one at a size of <1.7 mm. The undersize will be screened at -106 microns, removing the requirement for agglomeration prior to leaching. The undersize material (-106 microns) will be the object of a sighter program to assess amenability to a flotation, roasting and leaching flowsheet. This will further define if overall target recoveries can be achieved from the fine material and metal extraction can take place at an increased pace versus column leaching. About CSIRO The Commonwealth Scientific and Industrial Research Organisation (CSIRO) was founded in 1916 and is Australia's national science agency and one of the largest and most diverse scientific research organisations in the world. Its research covers subjects such as natural environments, environmental impacts, health and medical, production and many others. Dr Anna Kaksonen leads the Industrial Biotechnology Group in the Industry Environments Program in CSIRO Land and Water. With her Group she develops biotechnological processes for environmental and industrial applications in the mining, energy, water supply, waste and wastewater treatment industries. Research topics of special interest have included: mining biotechnology (e.g. bioleaching, biooxidation, bioprecipitation, bioflotation). You can visit the CSIRO website here: https://www.csiro.au About METS Engineering Established in 1988 by Damian Connelly, Mineral Engineering Technical Services (METS) has a reputation for providing quality service to the global mining industry. Based in Perth Australia. They have served clients all around the world from large companies such as Rio Tinto to exploration and development companies such as Deep-South Resources. They provide a comprehensive range of services including Mineral processing, engineering design and hydro metallurgy test work. You can visit the METS website here: https://www.metsengineering.com 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 showed that at a price of copper of $3.00 / lb, the project 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. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
https://smallcaps.us/deep-south-resources-inc-dsm/ COMPANY SNAPSHOT: DEEP-SOUTH RESOURCES INC (DSM) Symbol (CA): DSM Symbol (US): DSMTF Symbol (GER): DSD Website: www.deepsouthresources.com Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyry deposits in Africa. A recent PEA shows that at a copper price of $3.50 per lb, Haib generates an after-tax NPV of US $ 1.3 billion and an after tax IRR of 42.1%. · INITIAL ASSAY RESULTS FROM HAIB COPPER PROJECT CONFIRM HIGH EXPECTATIONS · DEEP-SOUTH RESOURCES ADVANCES ON ALL FRONTS WHILE DRILLING AT THE HAIB COPPER PROJECT IS IN FULL SWING · AMBITIOUS DRILL PROGRAM KICKS OFF IN NAMIBIA AS DEEP-SOUTH RESOURCES ADVANCES HAIB COPPER DEPOSIT · INITIAL REPORT EXPLAINS WHY DEEP-SOUTH RESOURCES IS EXTREMELY UNDERVALUED COPPER PLAY INTERVIEW WITH DEEP-SOUTH RESOURCES CEO REVEALS MASSIVE POTENTIAL IN COPPER SPACE
