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San Lorenzo Gold Corp V.SLG.RT


Primary Symbol: V.SLG Alternate Symbol(s):  SNLGF

San Lorenzo Gold Corp. is a Canada-based company engaged in the business of exploring for and advancing mineral properties. The Company is focused on exploring for gold, copper, silver, and cobalt. The Company has three 100% owned properties in Chile: Salvadora, Nancagua and Punta Alta. The Salvadora property is being explored for large scale copper-gold porphyry targets and high-grade epithermal gold-silver-copper vein systems. The Salvadora Project consists of about 25 exploration concessions and nine exploitation concessions totaling 8,796 hectares (ha). Nancagua is a high grade mesothermal gold-silver prospect and has six linear kilometers (km) of veins. The Nancagua Property is located approximately 120 km south of Santiago, Chile. Punta Alta is an IOCG prospect with related disseminated and vein style high grade copper-gold-silver-cobalt mineralization. The Punta Alta property consists of seven exploration concessions totaling approximately 2,000 ha.


TSXV:SLG - Post by User

Post by trivelaon Apr 16, 2014 8:56am
492 Views
Post# 22457185

Potential cash shortfall

Potential cash shortfall


...is one of two things that worried me most in the press release: "To adress this potential cash shortfall, we are considering a number of relatively small financing alternatives most likely involving debt capital markets".

The other issue is that development of Breagh 2 is slipping into the future, with first production now expected during the third quarter of 2017.

On the other hand, they are currently drilling a well in Romania, the Muridava (40% interest), and it is possible that Shell will drill the Beverley oil prospect in the North Sea in late 2014.

Not much visibility in terms of production growth from here. Maybe Muridava will yield some interesting results, but it is in the Black Sea (not so far from Crimea...).

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