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anonymous Resource Maven, The Maven Letter: January 25, 2017, Update $CDB $GwenPreston http://cdn.ceo.ca/1c8jeas-2017.01.25-letter.pdf $CGT $BAY
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@racker Gwen Preston - "Recap of Companies I Follow" https://youtu.be/-lr8JG-m9_M+ $ADZ $ERD $EMX $PLY $TXR $AUG $ER $PLG $CGT $ICG $NXE $UEC $NSU $R @Resourcemaven
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@Fried OTC Markets Group Announces the 2017 OTCQX Best 50 https://ceo.ca/@newswire/otc-markets-group-announces-the-2017-otcqx-best-50 The #1 ranked company was Cordoba Minerals $CDB OTCQX: $CDBMF ) with HPX/ Robert Friedland, a Canada-based mineral exploration company, which had a total return of 466%. This year's list includes a significant number of Canadian metal and mining companies $MAX $GOLD $FF $R $MSV $NXE $EDR $CNX $LLG $BAR $MIN $LAC $CNL $WG $MLN $COPPER $CAL $EDV $TV $CPM $CDB $CGT
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@Goldfinger $CGT - A unique chart, a weekly close above C$.90 would be impressive. http://cdn.ceo.ca/1c97vpt-CGT.TO_2.2.2017.png+ $gold
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@ivopashov Nordgold to delist its Global Depositary Receipts. http://www.nordgold.com/investors-and-media/news/nordgold-announces-intention-to-de-list-gdrs/
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@JamesKwantes Good to see $CGT up above a buck earlier, lots of catalysts in 2017 including exploration at both Nevada and Montagne d'Or as well as a pending FS for Montagne d'Or, and potential M&A. There have been a lot of consolidation moves at Eastside in Nevada that are under the radar, but steadily adding to value there
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SEDI_bot Columbus Gold Corp. $CGT just filed 2 reports. View full report: SEDI:CGT
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SEDI_bot Columbus Gold Corp. $CGT just filed 3 reports. View full report: SEDI:CGT
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@marketwired Columbus Gold Commences Drilling at Montagne d'Or Gold Deposit, French Guiana @marketwired/columbus-gold-commences-drilling-at-montagne-dor-gold $CGT $CBGDF 5,520 meter drill program in 36 core holes
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@marketwired Columbus Announces Closing of Bought Deal Offering @marketwired/columbus-announces-closing-of-bought-deal-offering $CBGDF $CGT 8,000,000 shares of Columbus at a price of $0.63 per share for proceeds to Columbus of $5,040,000. Proceeds will be used to carry out an exploration drilling program at Columbus' Montagne d'Or gold project in French Guiana. #financing
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@DJS $CGT I hate these overly dilutive bought deal financings! There is no reason why this financing needed to be at a 33% discount to current market.
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@lukejackson @djS That bought deal was announced a month ago. Today it closed. $CGT
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@DJS Thanks for clarifying that @lukejackson -- only excuse I have (not a good one) is that I just woke up... Sorry all. $CGT
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@ivopashov Still, a month ago price was about 60-65 cents. I guess they could have done better having in mind the coming BFS and advancement of Montagne D'Ore. What is more, isn't this commission of 6% high?
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SEDI_bot Columbus Gold Corp. $CGT just filed 1 reports. View full report: SEDI:CGT
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@nicholaslepan Columbus Gold CEO talks Montagne d’Or feasibility, Eastside drilling. The company is reportedly looking at financing alternative to fund its 45% obligation for the eventual development. Furthermore, an environmental impact assessment (EIA) is expected to be filed this summer, and Columbus says it doesn’t anticipate any permitting complications. http://www.northernminer.com/news/columbus-gold-ceo-talks-montagne-dor-feasibility-eastside-drilling/1003783748/ $CGT
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@marketwired Columbus Closes Acquisition of 272,000 oz Au Castle Claim Block at Eastside Gold Project, Nevada @marketwired/columbus-closes-acquisition-of-272000-oz-au-castle $CBGDF $CGT
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@Daniel $CGT nice to see the deal closed. Everybody invested should take a look at the map attached. In my opinion, Eastside could become a company maker.
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SEDI_bot Columbus Gold Corp. $CGT just filed 11 reports. View full report: SEDI:CGT
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@JamesKwantes Introduced myself to PDAC crowd and touched on sponsors $SMD $CGT $IDM as well as the following companies in my deck: $NXE $GXU $MOX $ERD (on track record) - ideas: $ADG $IGO $KG and pending $SMD spinout Trifecta Gold (expected ticker TG). Time for a couple of questions afterwards, both about Trifecta. Offering a #ResourceOpportunities special for week of PDAC: $99 for first year using coupon code PDAC at http://resourceopportunities.com/subscription-information/
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@marketwired Columbus Gold Commences Drilling at Eastside Gold Project, Nevada @marketwired/columbus-gold-commences-drilling-at-eastside-gold-project $CBGDF $CGT
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@marketwired Columbus Gold to Announce Results of Feasibility Study on Montagne d'Or Gold Deposit, French Guiana, on Monday March 20th, 2017 @marketwired/columbus-gold-to-announce-results-of-feasibility-study $CGT $CBGDF
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@JamesKwantes Columbus Gold trading a penny shy of a dollar ahead of the release of a feasibility study on Montagne d'Or, its 5M-oz open-pittable gold deposit in French Guiana. Nordgold funded the FS to secure an overall 55.01% stake in the project. The FS lands after-market, at 2 pm Pacific time $CGT
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@JamesKwantes Will reserve judgment until I see it @Brandon but it does vault $CGT into a fairly small group of companies with an FS-stage 5M-oz deposit in the Americas (although FG technically part of France)
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@marketwired Columbus Gold Announces Positive Bankable Feasibility Study for Montagne d'Or Gold Project, French Guiana @marketwired/columbus-gold-announces-positive-bankable-feasibility $CBGDF $CGT NPV (5%) of $500 million, after-tax IRR of 18.7%, average annual production of 214,000 oz over a 12-yr mine life at an average grade of 1.58 g/t Au. Columbus running a drill program at Montagne d'Or & looking at ways to further optimize economics
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@marketwired Columbus Gold Announces Positive Bankable Feasibility Study for Montagne d'Or Gold Project, French Guiana @marketwired/columbus-gold-announces-positive-bankable-feasibility $CBGDF $CGT NPV (5%) of $500 million, after-tax IRR of 18.7%, average annual production of 214,000 oz over a 12-yr mine life at an average grade of 1.58 g/t Au. Columbus running a drill program at Montagne d'Or & looking at ways to further optimize economics
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@dirkdiggler $CGT - FS showing a 18.7% IRR (a/t) with $1250.00 Au - good leverage to higher Au prices. Initial Capex = $361.00M
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@JamesKwantes Just spoke to $CGT CEO Robert Giustra - he's happy with today's Montagne d'Or FS & says the economics will only get better. For example, there are 960K Inferred ounces inside the pit. A 4,300m infill drill program - costing US$1.5M - on the highest-grade portion of the in-pit Inferred resource could move another 200K oz into reserves, bringing the after-tax IRR up to 20%. But the additional drilling is subject to obtaining permits. Columbus already looking at other optimizations that could improve economics before the technical report is filed on SEDAR within 45 days "Any major mining company would be interested in this deposit." - Columbus drills turning now at both Montagne d'Or and Eastside in Nevada
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lolrenzo $CGT Now it's time to see what majors others than Nordgold are interested in Montagne d'Or. Let the bidding begin
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@enviro111 $CGT Did Nordgold drop them? show me the article. The bankable FS does look so good at a glance. 18.5% return at 1250 gold. Why so low?
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lolrenzo I guess investors were expecting an higher IRR (even if, as stated by @JamesKwantes, there is still room to reach 20+ %)
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@DJS I think the combination of $CGT holding a minority share (45%) in Montagne D'Or, a low IRR compared to other projects with a FS, Eastside still being pretty early stage and the fact that NordGold seems to have a history of playing a bit hardball on other "obvious" takeouts has left some people (myself included) not sure of what to do with $CGT. Today's selloff may just be money going in search of simpler stories. Personally, I love the people and the potential, and $CGT was a no-brainer when I bought it a while ago but it isn't anymore.
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@enviro111 Ive owned it for about a year but sold it recently - a month ago. There is noting here to get me back into it. An 18% IRR for a high risk gold mine isn't very exciting. I bet Giustra bails.
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lolrenzo From Caesar's Report : Long story short; even though this is a feasibility study, we merely see this as a starting point for Columbus Gold and Nordgold. It should be pretty easy to upgrade inferred ounces to a higher category and incorporate those in the mine plan, whilst the regional exploration program will also add more value.Investors might be disappointed with the sub-20% IRR at first, but the Montagne d’Or feasibility study is actually quite robust, and it looks like the project will be built, even at $1200-1250 gold. That should definitely please the local government, as according to our calculations, the direct and indirect jobs provided by Montagne d’Or will reduce the unemployment rate in French Guiana by 15-20%. And that’s huge.
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@DJS @lolrenzo Agree, that is a huge reduction in unemployment and I hope it happens. But $CGT will have to drop significantly from its current market cap to entice me to move money back into it and away from other opportunities where even I can tell that the IRR that will come out of their FS's (when they happen -- some soon, some down the road) will be well north of 20%. Just my 2 cents.
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lolrenzo @DJS as you wish but you might not see the bottom youre looking for since we're supposed to hear Nordgold before the end of March regarding the next steps...
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@JamesKwantes $CGT rebounding a bit from the Tuesday drop. Montagne d'Or after-tax IRR will be at or above 20% soon enough, and deposit also has size going for it. To the majors, size matters. Lots of value in Nevada too
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@ivopashov What is disappointing for me in this BFS is (1) high capex and (2) EUR/USD sensitivity analysis. The exchange rate assumption is 1.05 and this is so far from reality when looking at the 10 yr exchange rate. For every 0.05 difference NPV plunges by $60 mln. I would be conservative and assume 1.15/1.20 in the middle term so NPV/IRR should be in 235/14 - 170/12 range everything else being same. I guess they will reduce capex a bit but that would be 10-20%. I doubt they get the mine built for half of what they show. So that would come at well above $400 mln which is huge again (i don't include tax credits as they are a bit tricky to calculate). You can see what a penalty it is by the discount sensitivity analysis. You use 10% instead of 5% and NPV gets cut in half ($185 mln). On the positive side i assume they will convert the inferred ozs and will be able to add more ozs to the deposit with the current drilling going on. Also on the positive side is the late stage, size and good jurisdiction. As @JamesKwantes said size matters and that could spur some bidding. Big guys would prefer advanced 5 mln Ozs project with lower IRR to an early 1.5-2 mln project at a higher IRR. All being said, i would be on the safe side and calculate $300-330 mln NPV (worse exchange rate, better capex, more ozs) which still leaves about $150 mln for Columbus. The good part is that this is not the only 1 they have - Nevada has a potential to be a company maker. However, with all the fuzz around Montagne d'Ore, Nevada does not get much of an attention and this may stay like that for a long time. I am a shareholder here and am really at crossroads now.
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lolrenzo Bob Moriarty is hype on $CGT's BFS.
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lolrenzo "This project was exceptional before the BFS. It's better now. The numbers are only going to improve. If I use a figure of 4 million ounces of gold and $100 an ounce USD, Columbus Gold should be worth about $1.50 to $1.75 a share for their 45% of the Paul Isnard project."
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lolrenzo "Announcing the BFS allowed all the weak hands a liquidity event so they could bail out. The shares dropped 12% on what should have been taken as brilliant results. In my book I keep trying to say, buy cheep, sell deer. Columbus Gold just got really cheep."
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lolrenzo Link to the full article: http://www.streetwisereports.com/pub/na/columbus-discovered-a-gold-mine
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@stateside I went a little long on the weekend podcast but some good stuff I think: http://www.statesidereport.com In this episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, we highlight a new TSX-V silver explorer that has an exciting risk-reward profile and then we talk about the press releases from the Canadian junior exploration companies for the past week including Genesis Metals $GIS, West Red Lake Gold $RLG Arizona Silver Exploration $AZS Ximen Mining $XIM Macarthur Minerals $MMS Enforcer Gold $VEIN Kootenay Zink $ZNK Tanzanian Royalty $TNX Columbus Gold $CGT Bonterra Resources $BTR Astorios Resources $ASQ Lumina Gold $LUM Mundoro Capital $MUN West African Resources $WAF Engold Mines $EGM Dios Exploration $DOS Black Iron $BKI Secova Metals $SEK Mariana Resources $MARL Nexgen Energy $NXE Vanstar Mining $VSR Canstar Resources $ROX Salazar Resources $SRL Altitude Resources $ALI Alset Energy $ION We talk gold, silver, copper, lead, zinc, iron ore, coal, uranium and oil.
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