|We had news from Orsu Metals aka OSU about its Sergeevskoe property in Russia. Sergeevskoe has always been portrayed as a gold project, but today we hear that they have discovered three copper/gold porphyries of two types, two with molybdenum values, one without. There are not the giant porphyries one finds in BC or Peru, and the assays are not that high, but this development certainly add meaningfully to the suite of metals on the property, depending on how exploration and metallurgical tests proceed.|
Nova Royalties aka NSR published its Q3 financial results today. This was a significant quarter for MSR as they pivoted increasingly to copper, including the acquisition of their first cash flowing royalty on Aura Minerals' Aranzazu Cu/Au/Ag mine in Mexico. Interestingly for a financial report, this PR contained almost financial information, which you have to go find on their quarterly filings. But of course NSR right now, in spite of the Aranzazu royalty, is all about potential, i.e. how soon the companies they had advanced to can bring their assets into production.