Alta Copper Corp. T.DNT

CANDENTE COPPER CAN FINANCE SIMILAR TO MINA JUSTA PROJECT

[gmcmachine]

The info below was posted on another board but it was really well done so I have posted it here.


There is a lot of discussion regarding EV’s and infrastructure projects that will require large amounts of copper. Companies currently not in the mining industry, but require the raw materials mining projects produce will be adding mining assets to their corporate balance sheets.

Tesla is already doing it and other car makers are following their lead. Even though mining may not be their core competency, by securing the raw materials it gives them a superior advantage as price fluctuations are not as relevant to the economic equation. Yes that is simplistic but the point is clear, why buy copper from someone else when it’s cheaper for you to own it and use it in your own products.

Fortescue is widely known around the globe for their forward thinking green energy plan. There are so many intricacies to the plan that it is genius but to achieve the plan they need to add large economical mining deposits to their balance sheet (own their own raw materials), and they are already doing it just look at Noront.

$DNT has options to either sell, partner or build the 14 billion pound Canariaco project. The project could grow to an excess of 20 billion pounds with further drilling on Sur and Verde.

If they want to build Canariaco, Candente Copper could emulate exactly what Minsur did in 2020 to finance construction.

There are many similarities between these projects.

Working alongside Marcobre, Ausenco helped progress the Project from Prefeasibility Study through Definition Phase Study, Independent Peer Review and into the Execution Phase. 

Ausenco has developed the new PEA for Candente and if you look at the mine design they developed for Minsur you can see they are experts in their field.

https://www.ausimm.com/bulletin/bulletin-articles/up-for-the-challenge--delivering-the-mina-justa-project/.

Here is how they financed Mina Justa:

May17, 2020

Minsur to secure $900 million for $1.6 billion construction of Mina Justa copper project

A Peruvian mining company is expecting to secure a major financing investment to begin the construction of a multi-billion-dollar copper mine.

Minsur has revealed that it is expecting to secure between $800 million to $900 million in financing from a group of multinational banks from German, Canada, Australia and South Korea to begin construction on its $1,6 billion Mina Justa copper project.

The Mina Justa copper project is expected to begin operating in 2020, targeting a production rate of around 100,000 tonnes of copper.

The news come not long after the company announced that it had sold a 40% stake in the project to the Chilean Conglomerate Inversiones Alxa S.A. in a transaction valued at $200 million. Juan Luis Kruger, CEO of Minsur, stated "Mina Justa is the most important project that the Company has undertaken in its history. It represents a transformative milestone in our growth and diversification strategy in the copper industry, enabling us to develop a largescale and world class mining asset "

Candente is worth its weight in Copper and Gold and I don’t think there is only one looking at the resource.