Norseman Silver
Contributed Opinion

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[Norseman Silver Inc.] is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [Norseman Silver Inc.].
[Michael Ballanger]: I, or members of my immediate household or family, own securities of: [All]. I determined which companies would be included in this article based on my research and understanding of the sector.
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Silver

Source: Michael Ballanger (12/19/23)

Norseman Silver Inc. (NOC:TSX.V; NOCSF:OTCQB): In the process of completing a CA$1.5mm raise, tax-loss selling stragglers have been selling stock after seeing it gap up to CA$0.165 two short weeks ago after announcing the acquisition of the Caballos Copper Project in Chile.

I have spoken to V.P. Exploration Merlin Marr-Johnson in London about the deal, and any time a chap with Merlin's credentials opens with the phrase: "Go BIG or stay home," it immediately catches my attention.

Not to excessively pound tables on the topic, but 2024 is going to be the year that copper dominates the junior exploration and development space. Of all the shortages that have been bandied about since 2020, only uranium and copper have legs. Of the two, uranium juniors have had an excellent 2023 (as has my pick of Cameco Corp. (CCO:TSX; CCJ:NYSE) right after their last earnings report), but the copper juniors have not.

Well, perhaps that is not entirely true. A little penny dreadful called Hercules Silver Corp. (BIG:TSXV) was well ensconced in marketing their well-promoted Hercules Silver property while assuming that the #silversqueeze gang would be all over them when along came hole # HER-23-05 drilled to a depth below the known silver deposits and lo-and-behold, they hit 185 meters of .84% copper with 139 g/t silver and the stock exploded from $.20 to a high of $1.62.

A little firm called Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) bought a boatload of stock at CA$1.10 and today owns a notional 15.03% in the company.

Two things you can take to the bank: Barrick did not BIG for the silver, and Hercules Silver will soon have a name change to "Hercules Copper."

Copper in 2024. . .

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Important Disclosures:

[Norseman Silver Inc.] is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [Norseman Silver Inc.].
[Michael Ballanger]: I, or members of my immediate household or family, own securities of: [All]. I determined which companies would be included in this article based on my research and understanding of the sector.
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Michael Ballanger Disclosures

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