Shares have risen over 50% since the release of strong Q3 results. The 21% year-over-year increase in contribution ex-TAC for Q3 was coupled with rapidly improving profitability, demonstrating the operating leverage in the business. The continued strength of its AI and CTV offerings have increased my confidence in its prospects.
Ore sorting and beneficiation results highlight simple, small-footprint development potential HIGHLIGHTS Detailed metallurgical study and test work program on representative Cyclone and Chinook Deposit mineralization has successfully generated potential commercial grade Direct Shipping Products ("DSPs") The two-circuit, ore sorting* and Inline Pressure Jig ("IPJ") stream is capable of a range of DSP concentrate grades with excellent yields of copper ("Cu") The DSP processing test work has delivered: Cyclone Deposit at 1.2% Cu to 1.5% Cu feed grades 16-22% Cu concentrate, 58-62% copper metal to DSP Chinook Deposit at 1.2% Cu to 1.5% Cu feed grade 16-22% Cu concentrate, 64-71% of copper metal to DSP DSP process can be easily optimized to suit increased processing rates and selective concentrate grades Ongoing test work anticipated to include further upside potential and includes continuing variability, comminution and optimization studies on the Cyclone, Chinook, and Thunder Deposits The development opportunity has excellent ESG outcomes with a very small environmental footprint and no deleterious elements Ongoing drilling at Storm is designed to inform an upcoming maiden mineral resource estimate for the Storm Project that is currently being constructed to CIM standards, and to explore the margins of the known deposits as well as new discoveries for additional potential resources. *"Ore sorting" is an industry-recognized term for the use of advanced sensors to mechanically separate well-mineralized from poorly-mineralized rock.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AH Andrew Heistad Mason Street Advisors LLC | 9,100 | $186,000 | $186,000 | - | - |