Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Hi from Chardonnay...
I'm just having another detailed look at latest presentation. Hers a few observations...
Ayten is not on the Board.
Annual gross value of gold production alone at assumed prices is c$1.4bn...
Several people have referred to a disappointing NPV, but that is based on a mine life of 26 years and 21% of the ore...
But...$11bn (80%) of the free cashflow comes in the first 13 years...
Cascabel ore contains an average 32% iron ore, significant molybdenum, some zinc and also some REMs...no lithium, cobalt, nickel, etc.
DFS now projected for Q4 2023; Project Finance completed by Q2 2024; first commercial production Q1 2026...
Cash at 31 March $38.1m...
Thanks RK ....Exciting times ahead indeed
Not forgetting Norges adding another 5m shares since the last presentation 3/4 weeks ago
I'm taking it from the GANTT chart lunch. Construction finishes Q4 2025...
CGP just touched a 2 year low of $3.40CDN...
SOLGs bid was well above that...especially now...
It's a fair point lunch. So do you think they're being deceitful by ending the GANTT chart in Q4 2025...?
In fact theres now not a single date for Cascabel other than in the chart...its all'year1,2,etc'...
Interview with Newmont CEO re. S.America / ESG/ Consolidation (few days old).
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/gold-sector-must-consolidate-amid-esg-market-pressures-8211-newmont-ceo-70841390
Huge UT.... Extended....... Over 10M .....
Courtesy of the Slug
Here we go ....... 12.35m at 35p dead
GGP just had massive sell off - seems like money moved here. news on the horizon?
Maybe someone heard we're going to production?
That's a big one. Historically that's the largest ever block trade after hours that I can see for a very long while. Option expiry day certainly throws up some mind bending trades. Took the full 20mins of auction to get that deal done.
suggestion is that it was/is GDXJ rebalance, but i'm not sure of their buy/sell dates.
Funny the Google price plot has just dropped from the 35p t0 32.58p
today is a gdxj re-balance day.
It sometimes does that with a late trade kill .....closing price was 35p
is solg in the GDXJ? https://www.barchart.com/etfs-funds/quotes/GDXJ/constituents?page=1 not listed here
The last GDXJ holdings stated are as of 16 June. So Solg wasn't in it yesterday, but if it has been included in today's rebalance and they just bought all those shares then we should see it when the the latest holdings are published.
A ~£4m (~$5m) holding would be ~1% of the fund and immediately into the top 25 holdings (98 total according to that doc)
saw Someone on Advfn claiming this is a normal rebalancing. anyone who understands those things?
Strange price if it is
Another 4m Late
Most mm’s were asking 36 at the end
According to the Stock Exchange web site there were also nearly 500k shares bought at 35.58.
What a very strange end to an otherwise disappointing day.
Getting interesting Add
Thoughts Ray ?