DNT has some catching up to do.Attracting another financing is good news. The terms are probably better than the Lind financing. I thought DNT would fall below its 200 day ma of 19c. Now the SP should appreciate with future NRs like trhe start of expl drilling on the other 2 properties. Attracting financing is a bid deal.
Candente is greatly undervalued at $60 million CAD for a world class deposit. The company is comparable to Los Andes Copper (TSXV:LA) which has a deposit of similar size and grade in Chile. LA"s NPV8 is over 2x that of DNT at $2.7B (??), Capex is similar. It would appear DNT would be easier to mine being on a mountain top with soft rock while LA's deposit is in a steep barren mountain valley. LA's MK is $415 M vs DNT's $60 M. Candente's MK should be at least 50% of LA's with a share price of about 70c a share. DNT has some catching up to do.
Los Andes has 27 million shares issued and trades ~$15 a share. If Candente's shares do appreciate to near where they should be (70c) the shares could be consolidated 10:1. =Post consl. 30 million shares with value ~$7 a share. The company could then raise large sums of money by issuing shares to finance the project and be attractive to a JV partner well experienced in mining. Being able to raise funds Candente will be able to strike a good deal.