Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We added 2 positions to the Tactical Portfolio during the period: 1) Artemis Resources, which is listed on the Australian exchange. Artemis is an explorer of gold, Cobalt and copper in the Pilbara. The particular attraction is that Artemis is a 50% partner with Novo Gold on a series of conglomerate gold prospects, notably Purdy's Reward. The Artemis/Novo JV along with the rest of the tenements held by Novo Resources and their JV partners, means this affiliation basically controls much of the mineral exploration south of Karratha. This JV is specifically for conglomerate and paleoplacer gold deposits on 82% of Artemis Resources' tenure. Artemis' market cap is A$106.5M, while Novo Resources has a market cap of C$462M. We see Artemis as a cheaper way of playing the Karratha conglomerate gold prospect; 2) The second addition to the Tactical Portfolio is Imperial Metals, listed in Canada. Imperial Metals is a copper producer with three mines in British Columbia and a market cap of C$260.6 million. In 2017 Imperial Metals produced 74.6 Million lbs. of Cu, 33,416 oz. of Au and 133,157 oz. of Ag. Imperial is recovering from the operational and financial impact of a tailings damn spill. It has been refinanced, its debt levels improved, and the market is awaiting the uplift in
The reason this companies price is not rocketing is because people don’t know what the complete story is with THC. Mafl own 49%, but mafl may have also funded the drilling in return for some additional share of the sale? Nobody knows for sure, at this point, THC are very secretive. I gues it will all come out during the sale.
http://www.capenergy.co.uk/news/latest-news/ Mafl’s largest holding.
Reading last sentence....interesting about our new cio James Lesser Chief Operating Officer James “Jamie” Lesser has 18yrs experience in equity capital markets, of which 12yrs focused on the resource sector. He has spent 6yrs focused on AIM juniors and latterly 6yrs as Director of HSBC’s Top 10 Ranked Mining Team. Mr Lesser is currently Co-founder and Executive Director of Chalkstone Partners Ltd. which mitigates political and social risks in emerging markets by improving community relations. He has extensive experience in the analysis and appraisal of mining companies across the globe as corporate broker and sell-side resources specialist sales.
What you sometimes need to do is to predict the end game and timescales. If you can read into rns or talk to the directors at agm’s you can see what they are trying to do. If you didn’t have a clue you wouldn’t invest.
If you were aiming to sell a resource would you not start pitching to various mining companies in advance of results? I would....Remember Jacques has been in the industry for a long time. I’m sure he can pick up the phone to a high ranking official and get their attention.
Quite honestly can’t seem them doing another drill. They have enough to get a partner in. Proceeds of sale could be cash or shares or both. Minerals have increased in value and the resource has more than doubled.
Agreed. Next resource upgrade will include Tin, indium, selenium. Take it over the 10mt, which makes it very attractive and then sell it. Next 2-3 months I suspect. Not long to go. I’m hoping investors wake up and see what’s happening here.