Far East Capital Newsletter
Antimony - the most important mineral you have (probably) never heard o
9 Jul 2022

In This Issue

Antimony - the most important mineral you have (probably) never heard o

The new financial year has seen an abatement of selling in many stocks, with the result that they have started to lift from their lows. While this is encouraging, the sentiment is still fragile. We did see a midweek slump in oil and iron ore prices that drove the Metals and mining Index dramatically lower, but these indices have rallied somewhat.

The bear market in equities is catching up with metal prices with gold taking a dive below US$1,750/oz and copper being 30% off its high. The US$ hitting a two year high has obviously been a factor in the weaker metal prices.

There have been strong advancements in the geological understanding in recent years emanating from the Fosterville and Costerfield mines. Both these mines were hard work to begin with due to the sulphuric nature of the ore. You could use the word refractory, but that brings out bogeymen that could cloud one's mind to the potential. The association of these orebodies with stibnite is now being understood with much greater clarity and in fact, finding stibnite in quartz/gold related systems now serves as an inspiration 

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