TSX:CNL - Post Discussion
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Betteryear2 on Oct 04, 2023 6:54pm
No more funding, no more deposits — T.CNL
231 views Oct 4, 2023
Ari Sussman, executive chair, Collective Mining (TSE:CNL), says “great geologists” are behind the company’s success, including the Apollo discovery at the Guayabales project in Caldas, Colombia. Drill results over the past year or so have doubled the share price. Sussman spoke to Kitco mid-September at the Gold Forum Americas 2023 held in Colorado Springs, CO. “We bring the international ‘been there done that’ strategists in geology and dumped their brains into our local Colombian team. The result has been very successful,” he said. Apollo is one of eight drill targets generated at Guayabales. Sussman described it as “a porphyry system that has been brecciated and then over-printed by late-stage high-grade porphyry veins, so you have the copper low-grade gold mineralization pumping into the breccia and then you have the late-stage high-grade gold-silver veins over-printing and when you mix the soup bowl together you get a very high-grade combination over big, bulky intercepts.” Sussman warned that the current dearth of exploration capital can’t continue. “If we don't fund explorers this whole industry is going to go bankrupt because there's going to be no more deposits and while the private equity/ debt lenders have lots of money, if there is not an equity component attached to their business model they will fail too, so I think we're at a very bleak point.” On the hand, Sussman said he’s “excited as a contrarian” and that currently, “in my career I haven't seen so many discoveries at the same time maybe since the 1990s. So many that have 10-million-plus-ounce potential or equivalent if they're in copper, so it's a really good time for investors if they would just bite a little bit and come on into the space.” Kitco Mining’s coverage of the Gold Forum Americas 2023 was sponsored by Metalla Royalty & Streaming Ltd. 0:00 Apollo discovery 3:10 Other targets 4:01 Caldas, Colombia 5:22 Colombian government 6:45 Financing challenges 9:07 M&A 10:39 Hopes and fears
No more funding, no more deposits — Collective Mining's Ari Sussman sector warning - YouTube
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