CT - Centenera Mining - KelownaI heard from one of my friends who works at a Cdn Resource Hedge Fund that she met with CT reps in Kelowna last week.
Take aways:
CEO Keith Henderson knows his deal and what it will take to get to "next steps".
They plan to drill Huachi asap
The previous 7 holes drilled by Cardero Resource Corp incurred mineralization from surface
to (best hole) 353M
Only reason drilling stopped (NO geo would EVER stop a drill in mineralization - CEO's words) was the drill they were using was a borrowed man portable not capable of going any deeper.
They are going to step out at least 100M's to do a scaled drill program with an initial 3 holes and a total of 9 holes in 2 phases.
They already have the grade .49Cueq so now its all about Tons. Mineralization is open.
They are targeting 800M tons as they already have grade.
Comps are Taca Taca (purchased Lumina Copper for 470M)
and Altar (bought by Peregrine Metals for 487M)
The Comps spent a lot of money on drilling to get those valuations and CT is obviously not going to do that.
5-7M of drilling on the Huachi site could reap up Tons, Grade and value in the neighbourhood of 70-100M mkt cap
The other CT holdings are for strategic JV's etc as mentioned by the Epstein piece posted on this thread.
After the warrant exercise they have approx 1.7M in the kiddy so wouldn't be surprised if they raise more moving forward.
Phase 1 is approx 1.5M and phase 2 is approx 2.5M
I received this data from the presentation they used in Kelowna. I can't post the PDF but did call the company to verify.
My trading friends and I have been here for over a year and will continue to see how this develops.
We like to buy and add when know one cares. We will continue to add CT as we see fit.
We did that with Goldrock succesfully as posted here many times.
Sounds like CT is doing exactly what this article expands on:
The Longcut to Exploration Discovery
https://www.linkedin.com/pulse/longcut-exploration-discovery-todd-williams
Disclaimer: We are long CT - We are long GRG - Argentina plays in great jurisdictions.
DO YOUR OWN DD and Don't EVER buy or sell on Anything posted by ANYONE.
BITW