Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes some in Newfoundland, with market cap $700m and nowhere near as advanced as CGNR. May not even have a jorc resource.
CGNR market cap of 3-4m is unbelievable really…. Sure Demir just sunk £5-6m into CGNR. As soon as there is a sniff of the new majors name, the market will rectify this absurdity
The company have a massive deal in the pipeline and have 100% back. Today was too good of an opportunity to miss for me. As the prof said this morning, this is a big opportunity for capital gain for the company. As soon as word gets about of who is sniffing here, this could go on a proper run. GLA
Market Cap here is 3-4m. Didn't Demir just spend £6m on CGNR for a 2% NSR and capped at their total investment. This could not now be more obvious. Great move by the company. If you are negative on this, then you have blinkers on.
That is a very clean break and just the NSR of 2%. Free to enter into a much bigger deal now. I bet no deal is announced until after the sister company KDR receive their mining permit at end of may/start of June. Why? Because every chance KDR also part of this deal with a major or partially.
Prof said in recent interview that the Gold discoveries to big for Demir and that it was overwhelming for them. There is clearly some big name mining majors interested and willing to go full tilt at all of cgnrs ground. Some CGNR holders will sell, only to feel very stupid when the bigger deal is announced. Don't rule out KDR being in some way part of the deal. But after the Lahtojoki permit arrives. This CGNR news today is in my view very exciting potentially for what is lined up for KDR. Todays CGNR news is no surprise to me and it signals some big deals coming potentially for CGNR and KDR. My guess start of June.
They also forget that the highest grade kimberlitic boulder (eclogitic xenolith sample) in the world was discovered at Lahtojoki....coming in at 90,000 ct/ton.....Thats a grade of 1% diamonds.....Ask Mr P Peltonen......the sample was estimated to contain approximately 90,000 ct/ton diamond implying that some diamonds occur within very high-grade pods. Peltonen wrote a paper on it ....."Petrology of two diamondiferous eclogite xenoliths from the Lahtojoki kimberlite pipe, eastern Finland"
Lahtojoki.........Pink, Blue, etc diamonds.....60% gem quality
Anomaly 5/Green Diamond Deposits......Green diamonds
Riihivaara..........Diamonds (highly likely according to Rio Tinto)
Seitapera.........Diamonds
Liperi.........Diamonds....Yellow...what else???
Salla..........Probably diamonds given license being maintained
Jappila........Copper/Nickel/PGM......being reassessed in light of the knowledge gained from the North Ireland results from ODM Canada.
Northern Ireland.........Possible Copper/Nickel/PGM discovery. Very early excitement around this, but not enough information available yet for me.
When you look at the portfolio of assets that KDR have, I think its fair to say that the current share price is non reflective.
Certainly looks that way stevehoops. Infinityx is spot on about the permit. When that is in issued, watch what follows on the newsflow front. A mining permit will bring in institutional interest and a JV/ New company will follow for Lahtojoki. The Lahtojoki permit delay has held everything back in my opinion. Kuhmo diamond deposits worth billions may come to light soon after that, and big money offers in the hundreds of millions $$$ will be on the cards. I suspect the market is not far from noticing the potential here. When it does it will snowball. Delighted to hold these shares.
I would agree vpkitten. Rio will want this, as will others. It sounds like they already know what the source will bring, given the profs recent comments in interviews. Also sounds like they will only entertain offers involving very serious sums of money. Its always been about finding a world class ore body and sell it to a major.
In my view (dyor) they have another lomonasov (but closer to surface) and possibly 2 big green diamond deposits. Green diamonds were found at Argyle, Ekati, lomonasov and i think Brazil somewhere. They are very scarce. I suspect when the green diamond jackpot is revealed, our £2m cap company could quickly become a £200m mid-tier company.
KDR should get Lahtojoki mining permit around start of June, given the land court meeting on 21 May. Probably take a few weeks for land survey to grant the legal force, and for Tukes to issue the permit. After that, KDR will be in a very strong position and the rush will come. When will the KDR share price start to reflect the approaching Lahtojoki permit? Perhaps in the run up, but who knows with this stock. But after the permit issues, I expect some bombshell rns's. As you say VPkitten, I anticipate outright bids, with Rio front of the line.
If I was a betting man I would see a new company set up for Lahtojoki mid summer and the rest taken over by Rio Tinto. Not sure what will happen with Northern Ireland. Perhaps a major mining company will join CGNR /demir due to the scale of their gold asset,and acquire KDRs Northern Ireland wing at same time. Lots of permutations, but can only see these after the Lahtojoki permit is issued