Crescat Gets Activist on Gold & Silver #38
We have been hard at work negotiating deals in select gold and silver exploration companies. In our hedge funds, we have been investing in private placements in public companies, often at significant discounts with warrants. We are building activist positions in some the best properties around the globe at highly attractive valuations after a decade long bear market. We are following the economic and technical advice of renowned exploration geologist, Quinton Hennigh, PhD. Based on his extensive experience and many past successes, we have asked Quinton to serve as Crescat’s geologic and technical advisor. He has identified many of the best next generation mining assets on the planet that are still in hands of junior exploration companies today. We are bringing necessary capital to advance these projects in return for significant stakes.
QH feature of $RPX 25.57 Updates on : $NFG (46.59) $ELO (49.09) $ESK (52.07) $NVO (53.59) positive cash flow $KFR (55.30)
Liked that Kingfisher update…seems very positive. Eskay likely to be a $2B company at some point I’d think assuming gold/silver stay around these levels. Has alot of upside too. Novo seems to be okay but I’m definitely concerned about their cost of mining and getting that grade up. I still don’t understand the plan with Karratha assets. I think they need to focus on Nullagine assets since it will be lower cost to mine due to the location of the assets and trucking material to the mill. If they can extend the mine life of Beatons through these other assets and get the grade up to 3+ g/t then you’re in business. I still don’t understand how much material a Steiner can sort and the improvement in grade it can cause versus slowing down the milling process. Milling bulk tonnage without sorting obviously has to be faster than sorting it first, but maybe I’m not understanding the process correctly.
The sorters cost approximately $.25 per ton of material processed which will produce a concentrated ore that is mostly gold with very little waste material. Processing waste material costs the same as ore that has gold so if you can leave more waste material and increase the ore per ton processed margins should increase.