Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Oh if is on Twitter then it must be true lol.
If I was a potential new investor I would be waiting on the sidelines for the next piece of company news. They have been very quiet on all fronts.
Is that $4m for one quarter ? That alone equates to the current market cap : )
We are not the only ones who think PERE is cheap.....
Have a look at Twitter !
Nai/DYOR
Thanks LottoHopes, that's very interesting - I did suspect it would be concentrate and not finished product, but good to see those numbers for the Cu and Au
So what's the deal with the market cap? Right now we are looking at 2.5/3m
11% of 4500t of Cu at today's price of ~6450 would be ~29m - 11% interest we are looking at just under $3.2m USD
4800oz Au at today's price (which is much better than January) of $1800 would be ~$8.4m USD with the 11% interest generating around $950K
So all in we could be looking at a payment of around $4m USD for the 11% interest, which wouldn't be so bad! Especially if they can announce some good drilling results and expand the LOM
There's always a catch however...
GLR: the 55k is Cu concentrate tonnage, not contained metal. Q4 19 and Q1 20 produced about 4500t of contained Cu, alongside some 4800 Oz Au, latter paid at 75% of market price at settlement. Settlement is expected any day. There’s also production figures due of Q2 20, which I believe is also 33-66% attributed. Good luck
What we expecting here folks?
Took a position after doing some research over the weekend, got in sub 3.5p earlier in the week, following is my investment case but it's only a small position atm until I find out more about the company
- 11% interest in copper producing mine Minto based in Yukon
- Was 33% but had to sell down, this offset any future payments on milestones, so standard 11% interest now
- First shipment exported in April, still awaiting payment for this? If based on todays copper price should be good
- 55K offtake agreement with Sumitomo, by todays prices that's circa £350m in copper so 11% would be around £39m, this seems ridiculous so please correct me here, but if 55K tonnes of copper was delivered in 2020 then PERE would be in to receive approx £39m in revenue?
- Drilling programme to extend LOM already underway and fully funded before the dilution and move to 11% (cost $2m USD)
Will keep digging but looks attractive with copper prices rising, now that I have said that cue a placing