Highlights on the fourth week of November 2015. “Eppur si muove”

Gambusino Prospector. Even if we complain of too little activity in the mining industry, we can quote Galileo this end of year with his famous “and yet it moves”. On this past week:
On money matters Endeavour Silver announced a US $ 16.5 Million financing, Santacruz Silver Mining agreed to a US $9.5 M loan facility and US Precious Metals Inc entered in agreement with Streicher Capital regarding La Sabila gold property in Michoacan, while Millrock announced a $ 0.7 M financing.
Property wise, Millrock announced the buying of the copper Batamote project in Sonora, from Teck, Orex stated they are to drill the Sandra Escobar silver property in Durango and Rare Earth Minerals Plc reported an updated Mineral Resource estimate for the Sonora Lithium Project in northern Mexico, which has seen its Indicated Mineral Resources increase by over 300% from 1.1 Mt to 5 Mt of lithium carbonate equivalent (“LCE”). In addition, the Project’s Inferred Mineral Resource has been estimated as a total of 3.9 Mt of LCE.
On government action, we saw the second release of mining ground of the year, although it disappointingly only contained two concessions on the list.
Actinver released its estimation for commodity prices 2016-2019, with Copper at $ 2.84/Lb, Gold at $ 1,203/Oz and Silver at $ 17.50/Oz. With these metals prices well below that forecast at the moment, it is good to see a gleaming of optimism.

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