Australian exploration company, Krakatoa Resources Limited (ASX: KTA) has announced the findings from its recent field due diligence process conducted at the Belgravia Project. The due diligence has confirmed the prospective nature of the Belgravia Project and the 6 initial targets.
The company has confirmed that Belgravia lies in a very fertile metallogenic province, where copper-gold porphyry deposits typically occur in clusters.
At market close on 9 October KTA’s stock was trading at $0.041, up 13.889% intraday.
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Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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