Post by
RatPatrol on Jan 24, 2021 8:13pm
Getting Straightened Out (Part 5)
Let's see how far CGP and its partners have taken Alpala/Cascabel towards becoming the world's largest mine development.
1) Mercifully, Nick Mather (no money, no experience, no mining skills) and his Citibankers have been released from SolGold.
2) The important PFS is being finalised. Although shareholders Newcrest and BHP can self-finance, the quality of the tailings dam site and the location of the shaft need to be de-risked.
3 Ecuadorians go to vote federally on Febrary 7th, I believe. They will also vote on a referendum to return responsibility for allowing any NEW mining concessions to local municipalities. I do think that any of CGP or SolGold concessions will be EXEMPT from any adverse implications. COULD ANYBODY PLEASE CORRECT ME IF THIS IS WRONG??
Now let's include a couple points of the big picture.
!) China should be growing a whopping 8% annually for the next 2 years.
2) Ecuador has refinanced a goodly bunch of its debt ($3B US) at attractive rates through the recently-created US International Development Finance Corporation. Thankfully, they SHUT THE DOOR ON ANY OF THOSE SCANDALOUS CHINESE debt offerings, which might have turned our CGP stock certificates into lampshade material.
Taken together, although the stock price doesn't reflect it, quite a bit of Cascabel's mine development has been de-risked, while its reserves have increased against a backdrop of higher prices for gold and silver, at least.
Eyes are on Feb. 7th.
We c.....