Mali: Altus Strategies Announces Increase In Resources For The Diba Gold Project

Gold resources from the Diba project in Mali have increased, now totaling more than 400,000 ounces in the indicated and inferred categories. This is what Altus Strategies, the asset holder, said on Monday, adding that these figures will soon be improved thanks to new drilling.

In Mali, the mining company Altus Strategies released a new resource estimate for the Diba gold project on Monday. Made by the engineering company Mining Plus as part of the prefeasibility study for the project, this update indicates a 637% increase in resources classified as "inferred".

The latter went from 32,500 ounces of gold to 5.4 million tonnes of resources grading 1.06 g / t of gold, or 187,000 ounces. At the same time, resources classified in the "indicated" category are now 4.8 million tonnes grading 1.39 g / t gold, or 217,000 ounces.

"There is significant exploration potential for new discoveries at Diba, with seven priority prospects still to be systematically tested by drilli…

Tesla shares continue to break records: still time to invest?

The Tesla share never ceases to rise and collects the headlines in the financial press. It is no longer prohibited to speak of a bubble. Trees are said to not rise to the sky, but Tesla begins to tickle the clouds. The action by the US electric vehicle maker rose 20% on Monday February 3. A daily progression that would make bitcoin blush during its best hours. The title rose 146% in three months and began a sharp rise in early January. These performances attract the general public and some are now wondering if they are not missing a golden opportunity. Proof of this is the explosion of requests for the search “buy Tesla stock”.

It is very risky to invest in a financial asset when it makes headlines. This means that others have been around for a long time and are waiting for the right time to take their profits, after patiently analyzing the market. However, we do not know how far Tesla can go, as the increase seems irrational. “Tesla is in a potential bubble, warns Nicolas Chéron, head of market research for the brokerage company Binck. Prices are accelerating upwards, in historic proportions and volumes, in a speculative movement never seen on the stock. ”

The news surrounding the business is particularly positive. The firm led by South African billionaire Elon Musk reported a profit of $ 105 million in the fourth quarter of 2019, the second consecutive year in the green, when the company was known to burn cash at high speed.

There is no shortage of demand for its vehicles, but it is its ability to keep pace with production that will be decisive. According to Elon Musk, the California factory should be ahead of its forecasts in 2020, while the recently inaugurated in Shanghai (China) is ramping up. Not to mention that the future German factory will start producing in 2021. In total, Tesla estimates that it can achieve production of 500,000 vehicles this year, an increase of 36% compared to 2019.

This news prompted the shorters, that is to say investors who bet on Tesla's poor performance, to redeem their positions in catastrophe. "The Tesla case is also what is called a 'corner', that is to say when the shorts, forced to redeem themselves, cause a price explosion", explains Nicolas Chéron. "It is impossible to estimate in time the end of this excess," insists the expert. Tesla is now worth more on the stock market than Volkswagen, PSA and Renault combined. These three giants produced 13.5 million vehicles in 2019.

In the meantime, some observers have noticed the correlation between Tesla stock and Bitcoin prices in 2017. We know how it ended.