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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Moonshot Metals

Discoveries, extensions or the addition of reserves has a positive effect on stock prices. Here are 3 examples:

  1. FNX Mining (exploration operator) and partner Dynatec (mining operator) encountered 2 massive sulphide veins each containing over ~26% copper.
  2. Mercator Minerals released an updated reserve estimate for its Mineral Park property located in Arizona. Proven and probable reserves increased by 100% to 398,574,000 pounds of copper.
  3. Messina Minerals released results from 3 drillholes that are expanded the size of their discovery holes drilled in December.




FNX Mining



Mercator Minerals



Messina Minerals


If you look closely at the price/volume action vs. the release time of results you might see the footprints of insiders.


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