American Battery Metals signs LOI for Elk gold project, stock up 16%

Up 28%.

Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.

Bitcoin has been surging in value since mid October and gained more than 20% yesterday alone.

The last time the yellow metal dropped in value for three consecutive years was between 1996 and 1998, and experts say prices will fall even further.

The company has priced its $407 million share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity's price.

"Open-pit mines are wounds we’ve inflicted, and the wonderment they excite easily becomes tinged with pangs of remorse or dread."

Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.

John McKay is optimistic.

Junior focused on its Hermosa property located in Santa Cruz County, Arizona.