We know that SURG has both the Ootsa Project and the Berg Project… With Ootsa, SURG would need to make a deal with Imperial Metals so SURG can use Huckleberry mine’s infrastructure. We have no idea whether this will ever happen, so Ootsa is an optionality play for SURG, so we will value it at $0. If a deal unlocks, … Read More
Charts Charts Charts (Issue #68)
Charts 1 and 2 – Broad Market Stuff… Below the chart of S&P 500, we can see that the number of stocks above the 20, 50, and 200 moving averages (breadth) has been declining, while the price of the S&P 500 has closed higher. What does this mean? As the S&P 500 continues to get bid up higher, there are … Read More