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The junior mining space is so beaten up that there are a raft of opportunities for investors looking for exposure to the energy transition, and to rising prices for GOLD, silver and copper, delegates at the recent Energy Transition Metals Summit heard.
“If you’re an investor and just new to the space, there’s some ridiculous valuations out there of companies that have made significant discoveries that are needed in the energy transition,” said Terry Lynch, the CEO of Quebec-focused junior Power Nickel (TSXV: PNPN). He sat on a panel outlining both the challenges facing juniors and their potential upside.
“We’re not talking about greenfields,” he said. “We’re talking about serious, 43-101 resources that’ve got considerable upside,” he said, referring to the technical study designation. The projects have strong net present values and internal rates of return that normally should trade at five to 20 times higher than they are, the CEO said.
Lynch, the founder of Save Canadian Mining, which fights predatory short-selling practices affecting junior miners, also spoke about how different rules for some traders like hedge funds allow them to pound down junior valuations.
On the positive side, there are signs that what has been a very difficult fund-raising markets for juniors is starting to turn, according to John Feneck, founder of Feneck Consulting. Since March, gold and silver CEOs in the junior space report they’re having an easier time raising funds, he said.
“That turned the corner last year, with gold’s breakout right now and then silver’s follow through,” he told delegates. “Where it would take them maybe a month to raise three or four million, now they’re doing it in two or three days, which is really exciting to see.”
The Energy Transition Metals event was organized by The Northern Miner and Precious Metals Summit Conferences and took place April 29-30 in Washington, D.C.
A very interesting article and like I’ve said previously we have (3 ) Ni 43-101 resources in Canada, in a tier one Jurisdiction, all with considerable upside.
As it stands the metal prices are coming to us with Gold, Copper and Nickel all on the up. I would prefer a full sale if possible or wouldn’t mind a JV or earn in to the project by a recognised company. Things must be getting close and I’m expecting us to keep on rising steadily until news lands.
The legendary American investor Warren Buffett said this month that his conglomerate Berkshire Hathaway was considering making a big investment in a Canadian company. Obviously not implying that it will be LND but there may be some reflected glory.
A big investment would be a tad more than £4M at which price he could buy the company.LOL
Took another look at the price sensitivity analysis.
$110 million goes on the NPV for every $180 on gold with just the existing project.
At $3,000 gold, NPV is over $1b.
I don't think $3,000 gold is at all unrealistic by the end of 2025.
If I was Glenn I'd be half inclined to do nothing for another 18 months if a decent option to fund work doesn't turn up.
After all these years I can not see him or LTH agreeing to a 'fire sale' of a $1b project with massive upside potential for the 10-15p ($20-$25m?) called for by some here. Bill may have wanted too much a year to 18 months ago, or maybe he just had the wisdom to see where things were heading.
With Landores current economics even an idiot should be able to get it fully funded (& that's what we've had over many years as shareholders unfortunately , so maybe now they will be able to finally pull it off ).
Its IRR is probably way over 100% here at these prices AND has a project payback of LESS than a year now....All in a rock solid safe jurisdiction & massive exploration upside still in play...
To a sensible player these are eye wateringly strong project numbers that many would die for...
I think most people would be very happy if this was sold at 15p.
Check out Adyton Resources. Did 1,500% on essentially no news in the space of about six weeks.
If prices are that flexible without any change to prospects, why shouldn't this ten bag and then receive a sensible offer?
It's quite clear after the antics the other week that the share price is set by David Burton and colleagues dumping every time it goes up half a pence, which means that the market does not have a sensible mechanism for assessing what this is worth.