Hydrogen20 Oct 2020 01:19
I'll try to answer some of these to bring you a little closer up to date. But I understand your situation now :)
1) What is NM preference to raise development capital going forward, given his clearly stated personal objection to SH dilution?
Z: He actually tells us this here: https://www.youtube.com/watch?v=Wn7SCm_S7io
[He talks about a debt fund package for the full whack ($3Bn) being topped and tailed as we speak and will be ready for the dfs.
2) Being near surface, what are his anticipated development budget/capex for Porvenir to get to an open cut PFS.
Z: Mmmm. Could be a problem with this, I suspect, as Porvenir partly lies inside a National Park..open cut might not cut(sic) it! He probably hasn't got round to mulling this one over yet - too soon.
3) Would he consider committing to a regular news timetable at Porviner? This predictable structure has worked well at GGP.
Z: Since Porvenir came onto the radar his PR have exploded (relitively). I put this down to a new board director called Elodie Grant Goodey (corporate comms and PR). The SP has come alive since then.
4) How does he plan to fasttrack Porvnir (beyond the 6 rigs arriving, when do they arrive exactly)?
Z: Again he tells us this in the above vid clip.
5) Both Garwin and NM have already both referred to Porvenir as a 'discovery'. In principle, what might stop them developing this project faster than the proposed block cave at Alpala? (Assumes Alapla block cave will take at least 3/4 years to build out)
Alpala minimum online date is 2025, add 2 tears for delays...long time cos of bulk mining.
Porvenir (if open cut approved) would obviously be much faster. I heard somewhere from one of their webinars/interviews that they are looking at parallel development which means Porvenir may come on stream before Alpala. Watch this space.
6) With proven in country development cost ratios of $2 per oz , what other forms of debt/ finance could be exploited ? For example, would he seeks to increase the sale of further NSR's, on say Alpala to develop targets and thus avoid dilution?
Z: Again the above vid touches on this but in the past he has stated that dilution, though an option, is last on his list of primary options. Royalties seems to be a weapon of choice crrently...
Of course he could sell Cascabel to fund Porvenir and the other sleeping giant: Rio Amarillo, to name but a couple for prime targets!!
Sleep tight
Z
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