RE: Look to the future19 Nov 2020 09:22
Wolster, I'll fill you in:
I posted this before:
Since the 16th Oct RNS we had the game changing Partnership JV with Capstone Mining on 22/10/20.
On 26/10/20 we had the fantastic M&A Update and the new Greenland project RNS.
That RNS stated that IBK Capital have started marketing our x2 high-grade silver projects in Mexico (which are actually next to Fresnillo and Endeavour Silver).
It also stated we are in JV discussions with regards to our newly acquired exploration licences (Hamersley, Elizabeth Hill and Greenland).
And the fact that we will seek to use 3rd party funding to minimise dilution to shareholder.
Then on 29/10/20 we had the excellent Hamersley RNS stating that the handheld XRF results indicate we have high-grade DSO Iron Ore in significant volume!
Then we get news that our next-door neighbour in the Pilbara, Fortescue had just secured a US$4 Billion Iron Ore deal with the Chinese. Also that, “Fortescue leads “stampede” into green energy with stunning plans for 235 gigawatts of wind and solar.”
https://reneweconomy.com.au/fortescue-leads-stampede-into-green-energy-with-stunning-plans-for-235-gigawatts-of-wind-and-solar-27936/
(our Elizabeth Hill confirmed very high-grade silver mine is also in the Pilbara and can be restarted very quickly).
RNS 12/11/20 provided us with positive lab results for the 117km2 extension we purchased at Elizabeth Hill (results included Gold, Silver and Platinum Group Elements!).
Remember, we bought this extension for peanuts, so the positive lab results significantly bring it up the value curve.
It also confirmed we are well funded with 2M in the bank.
Also that we are in JV discussions with our newly acquired licences (Hamersley, Elizabeth Hill and Greenland).
RNS 13/11/20 confirmed our successful partnership with Mid Cap Capstone Mining who will immediately commence a wider IP geo survey which should significantly add further value.
Senior VP of Capstone said Donovan 2 meets their high criteria and has the potential to be a high-grade near surface deposit (ie a Tier-1 asset).
Capstone will then start drilling after the survey.
Most importantly this RNS proves our scalable, project generator, JV business model.
Now there is no stopping how many projects we add to our portfolio once we get the 3rd Party Funding (M&A Update RNS 26/10/20 referred to using 3rd Party Funding options).
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