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SolGold latest NI 4310, page-27

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sol1

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20/03/19

11:42

Post #: 37821971
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Originally posted by sol1: ↑

"Northern Dynasty raises $10m to further develop Pebble mine in Alaska."-Mining.com 16 hrs ago, Thur 14 Mar 2019

Preamble: "The miner has entered into a bought deal financing with Cantor Fitzgerald Canada to raise $10 million that allows the mine to further advance its Pebble copper gold silver..."

"The Canadian miner has also granted the underwriters an over-allotment option to acquire up to an additional 2.34million shares which could raise another $1.5m."

"Development of the proposed mine was mostly stalled during the Obm administration, but is moving forward under President D.Trump, who is in favour of increasing domestic mining.."

"The current resource estimate indicate the asset holds 6.5 billion tonnes in the measured and indicated categories containing 57 billion pounds of copper, 71moz gold, 3.4 billion lbs moly & 345 million ounces of silver.. In the inferred category, Pebble has 4.5 billion tonnes - 25 billion pounds of copper, 36 moz gold, 2.2 billion lbs moly and 170million ounces of silver."

Comment:
From my previous post citing from Goldman etc [click top of the page], the industry is aware that 2020 is the year of the supply deficit and 2023 severe deficit [Goldman].

From all the recent conference etc [also top of the page], the banking industry etc are also cognisant.

Hence, why Cantor Fitzgerald are n o w willing to lend. The Northern Dynasty financing package is encouraging since this project has stalled for many years initially due to environment issues etc [long history peculiar to this part of the world].

However, in lithium, its a different story. Nemaska & Bacanora Lithium were NOT able to obtain financing for some $400m + and financing is not possible. The lithium market is not perceived by the industry at this moment to be in structural deficit. It was also known in the market via Bloomberg that the banking industry would not lend to lithium projects.

So, for companies who are in the copper sector, the industry trends etc are of importance to know. Solgold has said in their Mar 2019 presentation that financing package is in the timeline [please check earlier post] or check www.solgold.com.au

Thur, 14 Mar 2019

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"Chile*s Codelco, Ecuador Enami to sign Llurimugua copper deal."-Reuters, 8 hrs ago, Wed, 20 Mar 2019

"Chilean state run miner Codelco and its Ecuadorian counterpart will sign a deal to JOINTLY develop a copper project in Ecuador."

Link: https://twitter.com/LONDONAIMCAP/status/1108163060894785537

Note: The former name of Llurimugua was JUNIN.
Enami is Ecuador*s state owned mining co.
Codelco is the Chilean state run miner. Revenue: US$16 billion [2010] -Source Wikipedia.
Junin is near Cascabel, Ecuador belonging to Solgold [85%].
"Estimated reserves 982 million tonnes of ore grading 0.89% copper, 0.04% moly and 59.7m ozs silver.- https://en.wikipedia.org/wiki/Junin_mine "

DGR Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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