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From Nov RNS “Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, is pleased to announce that its 100% owned subsidiary Geocurve has been selected as a specialist surveying partner by Integrated Water Services Ltd ('IWS'), a leading services provider to the UK water sector. As a specialist surveying partner, Geocurve will provide UAV, bathymetric and conventional surveying services for a number of Monitoring & Evaluation projects which IWS carries out each year as part of its 5+5 Framework Contract with Northumbrian Water worth circa £8-10m per year. Geocurve, a specialist in providing survey and inspection services using UAVs, as well as using ground- and water-based survey equipment, is already a direct preferred supplier for Northumbrian Water's annual maintenance programmes, having successfully completed multiple surveys over the past year. Being selected by IWS as a partner will increase Geocurve's involvement and revenues from these ongoing programmes, and is in line with the Company's strategy to focus on its key areas of expertise: Survey and Inspection via Geocurve; and its Training and Education Division.“ Gary Nel stated the revenue expected was modest, about 30-60k per year, but it created partnerships, raised their profile. Now Strat aero gets some cash, they will upgrade their kit, software etc. There is mention of buying survey equipment to use in closed containers. A stronger and solvent parent company will open the doors for bigger contracts imho. DYOR. Good luck all

That’s an impressive return from suspension isn’t it! Wait and see what we have here

Found this presentation on Yukon, gives a general idea of what exploration has occurred regionally. The exploration activity/claim staking has all but dried up since the commodity down turn it would appear. http://www.geology.gov.yk.ca/pdf/For_Web-Ultimate_FINAL_FINALMinerals_Overview_2015.pdf

Levi: I think so too. I felt the mention of raising 50m via placement, is just a blanket statement to cover worst case scenario. The asset has zero debt attached. There�s a mine closure tag of some 25m which will get kicked into the long grass once LOM is extended I guess.

Fully agree Levi. I was buying at 2.5-3.25. Then I topped up several times post relisting. I m not buying any more to average up or down, regardless of opening price post suspension. The time has come to create value for existing share holders. This is DLs background and forte, so I am positive about plans. PB was associated with companies operating mainly in the Yukon. So the team knows the region well. Dyor. Good luck all

Well, if you think the last eight weeks news amounts to nothing, then you must be in some exciting shares....

So the strategy here is two pronged: organic growth of existing Geocurve business, bigger contracts. And secondly acquisition/s to create more rapid financial growth. From the recent RNS �With Strat Aero in a strong position, the Company intends building on its existing expertise to pursue a strategy of identifying and acquiring interests in companies in a similar position to Strat Aero, specifically companies with products and or services and intellectual property in the disruptive technology space. Typically, these companies will benefit from the experience and skills of the Strat Aero management, strengthening their strategic focus, and facilitating profitable growth.� This was of course BEFORE the old BOD got usurped. I wonder if this was always the intention on TB/NB�s part or the decision was taken given differing perspectives and vision. Interesting times ahead for sure. DYOR. Good luck all

The kit is to do the 3D work in the contract just announced. There�s more kit coming I imagine (surveying inside sealed structures referred to)

Dave: yes few major share holders have gradually topped up, and most of these probably participated in the 1.6p raising. I think a good proportion of shares here are in safe patient hands. I had some concerns about the financial health of WTI who own a chunk here, but copper recovery bodes well for them. I didn’t see that comment about the Yukon, was it the phone interview or is there a FTF one? It’s always difficult to trust “your instincts” in this type of investment because there were no assets, nothing tangible. Just a team of professionals with a demonstrated track record by which you judge your risk. Everyone’s got to make their own decisions.

Morning folks :-) I agree the deal is aimed to complete Q2, ie April is only the start of that quarter. I noticed that TSX requires a producer to have three years reserves left ahead, to list; no such requirement for TSXV. There’s a sense of hectic work behind the scenes, so happy to wait. Hopefully we get value for our patience.

I doubt this will be our only mine. I think the strategy has been and remains to spread risk by acquiring assets at different stages of development, ie exploration, pre-production and production. So Minto will be “a core asset to pembridge and be used as a platform for future growth.” Just my opinion.

So where will savings or extra profit come from? The costs pie chart for 2017 is 48% of total towards contracting/consultancy. I m guessing some fat will be trimmed somewhere and it’s easier to do, at the point of change of ownership? Is there scope to review the streaming contract with Wheaton given a: change of ownership and b: extension of mine life? From Wheaton website: “The Company is committed to acquire 100% of the first 30,000 ounces of gold produced per annum and 50% thereafter.” So if Gold production is ramped up, we make more cash. “In October 2017, in order to incentivize Capstone Mining Corp. (Capstone) to extend to Minto mine life, the Company agreed to amend the Minto precious metal purchase agreement. The primary modification is to increase the production payment per ounce of gold delivered to Wheaton Precious Metals over the current fixed price in periods where the market price of copper is lower than $2.50 per pound. In consideration for this contract amendment and certain other agreements made between the Company and Capstone, the Company received shares of Capstone with a value of $8 million.” Very interesting imo. So Wheaton owns a chunk of capstone and will be watching these developments closely. The contract was likely re-negotiated or Atleast intentions signalled. There are examples elsewhere of the Wheaton streaming pay per ounce being slabbed upwards, to incentivise further drilling and extension of deposit. Quite a few red dots (>3% Cu) in the Minto map, outside demarcated deposit, in link I posted before. So the intention will be a quick drill program, to upgrade the reserves I imagine. Just my thoughts. Comments welcome. DYOR

So if TSX is aimed for, apart from a new prospectus, would an updated NI 43 101 be expected or the acquiring company can stick with existing reports? I noticed that all reference to pere being a “special purpose acquisition vehicle” has been removed from the website. Comments on all of this welcome, as I admit I m in the dark. DYOR. Good luck all

Interesting comments Okenia. The team has a strong North American presence. I like the fact that capstone will get 10% in pere and maintain it, in the event of future dilutions.

http://s2.q4cdn.com/231101920/files/doc_presentations/2014/Revised/Corporate-Presentation-Q3-2014-Final_v001_m8x310.pdf Some interesting points. As Okenia pointed out, barely 20% of mineral resources has been clarified as mineral reserves (page 10). The last exploration at Minto was in 2012. Page 31 shows plenty of areas yet to be explored. 44% of mine costs go towards contractors and consultants (page 24). This had been identified by capstone as a potential area for efficiency/savings. Capex in 2014 for Minto was $33.5m. Of course as greater part goes underground, costs go up. Guy Lebel was the VP acquisitions at Capstone between 2013-16. So he knows the property well, and sitting on pere board now, he would have been instrumental in identifying the potential in this asset. Just my two pence. DYOR. Good luck all

https://www.yukon-news.com/business/capstone-prepares-to-sell-yukons-minto-mine/

It’s been very quiet today with zero trades ;-) hoping Mrchow takes the bite

Lol can I disappoint you my friend! To raise beyond 20%,the company needs a new prospectus and obviously share holder nod. And that’s what they are doing. So we need to look out for the prospectus which will be released at some point, whilst pere is still in suspension. I think these bbs are useful for catharsis, so feel free to vent all frustrations. I don’t think this team is just talking the talk. Time will tell. Hopefully my enthusiasm makes up for any ignorance. Dyor. Good luck all

Thanks for your insights Okenia...the streaming contract is eye wateringly cheap isn’t it: $300/Oz gold and some $5.7/Oz silver. Did I read some mention in the capstone website documents of this contract with Wheaton being re-negotiated? If mine life is extended, new resource delineated, is that a possibility for PERE I wonder? Just my thoughts...

Levi: although it states that funding will be via placing, there’s also mention of various funding options being explored. In the interview, DL stated that too, that all options were being looked at. I doubt the entire amount will be via equity, especially with a functional producing mine. Even BFS stage projects mention debt plus equity with majority being shouldered by debt. No choice but to wait anyways. Good luck all