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Those being nibbled, with some success, it must be said, include Legend Mining, Bardoc Gold, Alice Queen and Strandline Resources.

There are tentative signs that bottom feeders are stepping up their activity in the junior exploration/developers space. They are nibbling away at those stocks with smashed values (all of them) but which stand out as leveraged plays to the upside thanks to their quality projects and because they have the cash to make things happen. The step-up goes to the idea that as explorers are explorers, and future developers are future developers, they don’t have to worry about the widespread impacts and uncertainties caused by COVID-19 like the miners do.

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Venturex Resources has received the all-important nod of approval from the EPA after the WA Government body completed its assessment of the Sulphur Springs copper-zinc project in the Pilbara...

Venturex Resources has received the all-important nod of approval from the EPA after the WA Government body completed its assessment of the Sulphur Springs copper-zinc project in the Pilbara (reports The West Australian). The EPA has now submitted a detailed report to the Minister for the Environment, making the positive recommendation for the company’s flagship mining project to proceed.

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3rd April 2020

Wood Mackenzie believes the disruptions in the copper market will escalate as the COVID-19 pandemic unfolds (reports MiningNews). Major copper producing countries Chile and Peru have called a state of emergency, with mines forced into suspension for at least 15 days. WoodMac said a 15-day shutdown of copper mines in those countries would see 1.5% of supply removed from the market this year. "However, we believe there is a significant risk that disruptions will escalate, and breach 5% this year," WoodMac research director Nick Pickens said.

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High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector.

High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector. It wasn’t all good news, it never is, with leading gold producer, Northern Star, suffering a “coronavirus-related” setback which rubbed the gloss off its share price.

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Perth broker Hartleys has adjusted its valuation of base metal developer Venturex Resources (ASX: VXR) following the COVID-19-induced share market collapse, but believes the likelihood of imminent Government approvals justifies a Speculative Buy recommendation for the stock once the market recovers. Hartleys resource analyst Paul Howard says the WA Environmental Protection Authority (EPA) has concluded its assessment of Venturex’s Sulphur Springs copper-zinc project and proceeded to consultation with the company on the implementation conditions.

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Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week

Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week, leading to the question of what’s next. In a word, drought, and the lessons investors can learn from farmers when they hit a dry patch. The first things farmers don’t do is panic because they know that in Australia drought is as natural as flood.

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Plus, market’s brutal response to Red 5’s production downgrade ignores the bigger game

It is a good time to be boldly looking beyond the current vapourisation of equity values in response to the coronavirus pandemic to secure what with time, will (hopefully) be seen as astute pick-ups. Mind you, you’ve got to have the readies to do it. That’s not a problem for Andrew “Twiggy” Forrest. Because iron ore has managed to hold at elevated levels, and because China is reportedly getting back to work while the Western world goes in to quarantine, he is in line to collect a $1.58 billion annual dividend cheque for the 2020FY from Fortescue Metals (ASX:FMG).

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If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride

If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride, up one day, down the next. That might sound like stating the obvious after recent economic, political and public health events but now comes the reckoning as a tug of war develops between wounded bulls keen to sell, perhaps to cover margin loans, and bargain hunters looking for cheap buys.

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