George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Director Share Purchase
JM is really supporting CNR....
Condor Gold (AIM: CNR; TSX: COG) announces that on 9 July 2020, Jim Mellon, a Non-Executive Director of the Company, purchased 400,000 ordinary shares in the Company ("Share" or "Shares" or "Ordinary Shares"), at a price of 38p per Share for a total purchase consideration of £152,000 (the "Purchase").
Still no news, lets hope we can have another blue day.
GLA
Very interesting interview.
Two things stand out for me:
1. Competition is starting to to fund junior miners...
2. Inelastic demand as it takes 10-15 years for new projects to come online.... at CNR we can talk in terms of months to come online
3. Not related to the interview - don't foget it looks like we have 5m oz in the ground
Thanks for everyone's comments and link to the presentation.
I have just watched the presentation - all good news. What I wsa most interested in was with regards to the mill. MC mentions they have got quotes from China - these will be for a new plant. Later on he says they "have identified" a mill. In this case I am assuming a second hand mill which would be awesome for 2 main reasons:
1. Cheaper...got to assume 30-40% of the cost of a new plan
2. Speed....pack it up and ship it...go to be quicker than buying a new plant off the drawing book
Remember MC would like to over deliver. 30% cheaper and quicker deliver.
Apologies if this has been posted already.
This was published on 11th April: https://www.omanobserver.om/omans-first-antimony-gold-project-to-operate-by-year-end/
"SPMP has signed a term sheet with local banks to provide a $60 million term loan facility."
Well I have too say it has been an awesome week so far and lets hope this is the start of a rerating.
Over the last few weeks we have had the following information:
Mestiza Open Pit Permit
America Open Pit
SP Angel initial brokers note
Couple of MC presentations
I was not expecting this today: CNR have had/are having project finance due diligence conducted that includes having consultants from the banks onsite.
What is the next things we can expect:
Toll mining - somehow don't think so
Financing package for 2nd hand mill
Have I missed anything
So what next are expecting
Good news...nice to see the plant working
Just two big things to get sorted: loan signed off and arbitration sorted
We will then be in great shape by the end of the year
"I also of course am banging the drum for gold. Bank of America this week suggested a price of $3,000 an ounce within 18 months. I think that is conservative."
Do you think he is talking his book !!
https://masterinvestor.co.uk/economics/mellon-on-the-markets-a-gilded-life-awaits-precious-metals-investors/?utm_source=Daily+Bulletin&utm_campaign=ec04bf9062-Daily_Bulletin_2020429&utm_medium=email&utm_term=0_25eff0bb7f-ec04bf9062-35003965&mc_cid=ec04bf9062&mc_eid=dd26a726ec
Interesting this article was published today in Oman
https://timesofoman.com/article/2753421/Business/Omans-first-antimony-gold-facility-to-reach-full-production-this-year