First Quantum Minerals verabschiedet sich von Northern Dynasty und Pebble

Der nächste Big Player zieht sich vom ultra-kontroversen und extrem teuren Mega-Projekt zurück.

Northern Dynasty Sinks Along With First Quantum Alaska Deal

25. Mai 2018, 14:01 MESZ Updated on 25. Mai 2018, 17:19 MESZ

Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska..

Link: https://www.bloomberg.com/news/articles/2018-05-25/northern-dynasty-crashes-pre-market-as-first-quantum-pact-ends

Quelle: bloomberg.com

Kerrisdale Capital: Short-Attacke auf Northern Dynasty Minerals

Hier hat sich Kerrisdale Capital, ein auf Short-Attacken spezialisierter Hedgefonds, ein interessantes Opfer ausgesucht.

NDM-Investoren sollten sich u.a. fragen, weshalb nach mehr als 15 Jahren Exploration- und Projektentwicklung nicht mal eine Machbarkeitsstudie (entscheidend für solch ein Mammut-Vorkommen) für das gigantische Projekt vorliegt. Zudem wären die Renditen für eine Mine bei den gegenwärtigen Metallpreisen maximal marginal, und hierbei wäre die gewaltige CAPEX noch nicht einmal berücksichtigt. Zudem wurde der Prozess für eine neue Umwelt- und Minengenehmigung noch nicht einmal gestartet. Pebble hat enorme Oppositionen und ist in ganz Alaska hoch umstritten.

Unabhängig davon würde es vermutlich etliche Jahre brauchen, bis dieses Projekt eine finale Genehmigung erhält - Trump-Hype hin oder her. Von einer möglichen Produktionsaufnahme kann daher aktuell nicht mal im Geringsten die Rede sein, da diese in keinem Bereich absehbar ist. Daher ist in diesem Wert definitiv viel heiße Luft und extrem hohes Spekulationskapital enthalten. Das will Kerrisdale ausnutzen. Der Short-Report muss natürlich mit Vorsicht gelesen werden und ist sicher kein großartiges Fundamental-Wert - das ist klar. Ist hier auch nicht so wichtig und im Interesse von Kerrisdale - es zählt die Idee und das Timing.

Kerrisdale Capital – Why Northern Dynasty Minerals Ltd. (NAK) Is A Zero

We are short shares of Northern Dynasty Minerals, a Canadian company that owns an undeveloped copper and gold resource in Alaska called the Pebble deposit. Discovered decades ago but never mined, the Pebble deposit has inspired intense controversy, as a broad and bipartisan coalition including environmentalists, Alaska Natives, and commercial fishermen fought its planned development, leading the Environmental Protection Agency in 2014 to stop the project in its tracks. The election of Donald Trump, however, has fueled hopes that a more mining-friendly EPA will allow the project to move forward. Since Election Day, Northern Dynasty’s stock price has increased 326% amid a host of promotional campaigns. As one observer put it on January 20th, “This is getting a little ridiculous. I don’t think I’ve ever seen a single mining stock as aggressively endorsed by investment newsletters as Northern Dynasty has been over the past few months.."

Link: http://www.valuewalk.com/2017/02/kerrisdale-capital-northern-dynasty/

Quelle: finviz.com

Quelle: finviz.com

Zustimmung der Aktionäre erfolgreich eingeholt: NovaCopper kann Sunward Resources übernehmen

Wie erwartet kann NovaCopper (TSX:NCQ) in Kürze den Übernahme-Deal finalisieren.

Währenddessen füllt Electrum, der Großaktionär von Nova und Sunward, seine Kriegskasse weiter auf..

NovaCopper, Sunward shareholders approve takeover

2015-06-15 17:01 ET - News Release

NOVACOPPER AND SUNWARD SHAREHOLDERS APPROVE THE ACQUISITION OF SUNWARD BY NOVACOPPER

The acquisition of Sunward Resources Ltd. by NovaCopper Inc. pursuant to a plan of arrangement received overwhelming approval by the shareholders of each company at their respective shareholder meetings held today.

At NovaCopper's special meeting, approximately 99.36 per cent of the shares represented at the NovaCopper meeting were voted in favour of the issuance of common shares of NovaCopper in connection with the arrangement. At Sunward's special meeting, approximately 99.98 per cent of the shares represented at the Sunward meeting were voted in favour of the arrangement. Under the terms of the arrangement, each shareholder of Sunward will receive 0.3 of a NovaCopper share for each common share of Sunward held. Additional information on the results of the meeting will be filed on the SEDAR website.

The arrangement is expected to be completed later this week, subject to court approval and the satisfaction of certain other customary closing conditions.

Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNCQ-2287872&symbol=NCQ&region=C

NovaCopper's Präsident & CEO Rick Van Nieuwenhuyse

Quote:

Konsolidierungen in der Minenbranche setzen sich fort: NovaCopper übernimmt cash-rich Sunward Resources

Long-term, strategisch und finanziell gesehen ein genialer Deal für NovaCopper (TSX:NCQ), der nachvollziehbar den Support von den Weltklassse Aktionären wie Electrum, Gold First, John Paulson und Baupost erhält..

Link: http://rohstoffaktien.blogspot.de/2015/04/konsolidierungen-in-der-minenbranche.html

Alaska: Öl-Produktion in der wichtigsten Förder-Region fällt weiter zurück

Der stabile Abwärtstrend bei der Ölproduktion im US-Bundesstaat von Alaska wird sich vermutlich fortsetzen, es sei denn Öl-Major Shell greift in der Chukchi Sea wieder an:

"..Alaska's crude oil production has declined from 1.8 MMb/d in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska's crude oil production from 1990 to 2012 was from the Prudhoe Bay and Kuparuk River fields in the central North Slope. However, recent conditional approval granted to Royal Dutch Shell to begin exploratory drilling in the Burger Prospect in the Chukchi Sea may help to offset future declines in crude oil production in the region..." 

Quelle: http://www.eia.gov/todayinenergy/detail.cfm?id=21632

Quelle: eia.gov

Red Star Gold: High-grade Gold-Treffer auf Unga in Alaska

Featured by CEO.CA:

Redstar Gold Reports High Grade Gold Intersections at the Unga Project

POSTED ON JUNE 11, 2015 BY NEWS RELEASE
CATEGORY REDSTAR GOLD,

HIGHLIGHTS:

• Results from the first two holes of the 2015 drilling program at the Shumagin Prospect, located within the 100% owned Unga Gold Project, Alaska
• The first hole intersected 12.9 metres of mineralization from 60m, beginning with 1.9 metres containing 202 g/t gold and 82 g/t silver
• The second hole intersected two mineralized zones:
  • The first zone, 7.3 metres averaging 11.8 g/t gold and 72.7 g/t silver, and;
  • The second zone, 6.35 metres averaging 9.45 g/t gold and 103 g/t silver.
• The second hole includes 2m grading 35.3 g/t gold and 209 g/t silver from 64m; and 3.0m grading 16.95 g/t gold and 183g/t silver from 82m

Vancouver, Canada – Redstar Gold Corp. (TSX.V:RGC) (“Redstar” or the “Company”) announces assay results for the first two core holes from its recently completed eight-hole drilling program on the Shumagin Prospect, located on Redstar’s 100% owned Unga Gold Project, Alaska. Some very high-grade intervals have been encountered with reported values of up to:202 g/t gold & 82 g/t silver over 1.9 metres and 133 g/t gold & 422 g/t silver over 0.7 metres.

“These are the drill results from a new management team and these results confirm our optimism for for the Unga Gold Project, and the Shumagin area specifically. We intersected mineralization where we expected, with high-grade gold and silver grades. The parallel Shumagin and Apollo-Sitka trends, each over ~8.0 km long, on Unga Island have the hallmarks of being a succession of epithermal systems of high grade vein mineralization”, said Jacques Vaillancourt, Chairman..

Link: http://ceo.ca/2015/06/11/redstar-gold-reports-ultra-high-grade-gold-intersections-at-the-unga-project/

Qulle: redstargold.com

Quelle: redstargold.com

Konsolidierungen in der Minenbranche setzen sich fort: NovaCopper übernimmt cash-rich Sunward Resources

Long-term, strategisch und finanziell gesehen ein genialer Deal für NovaCopper (TSX:NCQ), der nachvollziehbar den Support von den Weltklassse Aktionären wie Electrum, Gold First, John Paulson und Baupost erhält.

Dazu ein aktueller Kommentar von CEO.CA - credit to Buddy Tommy Humphreys, der den Deal auf den Punkt bringt:

NovaCopper to buy Sunward in all-share deal

POSTED ON APRIL 23, 2015 BY TOMMY HUMPHREYS
CATEGORY NOVACOPPER INC.,

NovaCopper CEO Rick Van Nieuwenhuyse

Consolidation in the junior mining industry continues with NovaCopper proposing to acquire Sunward Resources in an all-share deal valuing Sunward at approximately US $27.6 million, more than double its current market capitalization of about C $13.5 million.

The proposed transaction creates a junior miner with significant projects in Alaska and Colombia, excellent management and very influential backers including John Paulson.

Rick Van Nieuwenhuyse’s NovaCopper (NCQ.TO) controls the Arctic and Bornite deposits located in the Ambler mining district of Alaska, USA. At the Arctic deposit, the company plans to advance the deposit towards feasibility with a US$8-10 million field program this summer.

The acquisition of Sunward will provide NovaCopper with the 100%-owned Titiribi Project in Colombia, which hosts NI 43 101-compliant Measured and Indicated Resource of 4.63 million ounces of gold contained within 285.8 million tonnes grading 0.50 grams/tonne and Inferred Resource of 6.01 million ounces of gold contained within 349.4 million tonnes grading 0.53 grams/tonne. All Titiribi resources were assessed using a cut-off of 0.3 grams/tonne gold. Titiribi also hosts 654.4 million pounds of copper in the Measured & Indicated Mineral Resource and 216.3 million pounds of copper in the Inferred Resource.

Highlights and Benefits of the Combined Company

• Strong balance sheet, expected to have approximately US$23 million (C$28 million) in cash upon the closing of the Transaction, significantly de-risking the development of the Ambler mining district;
• Sufficient cash to advance the Arctic deposit towards feasibility over an estimated two to three year period, in parallel with AIDEA’s infrastructure development activities;
• Sufficient cash to commit approximately US$8-10 million to advancing the Upper Kobuk Mineral Projects during the 2015 field season; and in particular, to complete in-fill drilling of the Arctic in-pit resources, and collection of in-pit geotechnical and metallurgical data. The funds will also be utilized to advance assessment work at the Bornite deposit, specifically to evaluate potential synergies between the Arctic and Bornite deposits which are in close proximity; and
• Additional exploration potential of the multi-million ounce Titiribi asset in Colombia.

All of Sunward’s officers and directors support the NovaCopper deal. Additionally, Sunward’s four biggest shareholders, including Gold First Investments Limited, Electrum Strategic Acquisitions LLC and Paulson & Co. Inc., who hold, in aggregate, approximately 70% of Sunward’s issued and outstanding Shares, have agreed to support the deal at a special shareholders meeting to be held in June or July.

Upon completion of the Arrangement, the combined company will be owned approximately 58% by NovaCopper shareholders and 42% by Sunward shareholders.

For more information: NovaCopper and Sunward Announce Arrangement..

Link: http://ceo.ca/2015/04/23/novacopper-to-buy-sunward-in-all-share-deal/

Quelle: novacopper.com

Quelle: novacopper.com 

Quelle: novacopper.com

Quelle: novacopper.com

Quelle: sunwardresources.com

Quelle: sunwardresources.com

Quelle: sunwardresources.com 

Neues Interview mit Ken Cunningham - CEO von Projekt-Generator Miranda Gold

Informatives Interview:

Prospect generator Miranda Gold (MAD.V) chases discovery in Colombia and high-grade production in Alaska

 by Scott Armstrong |  posted in: Featured Posts |  0

Portal of the Coleman Mine at Willow Creek. L-R Consultant – Bill Burnett, Pete Parsley – Chief geologist Gold Torrent Inc., Ken Cunningham – Miranda Gold

Miranda Gold CEO Ken Cunningham sees 2-3 more difficult years ahead for mining investors, which gives his company more time to acquire and advance its projects with less competition. 

His low-market-cap prospect generator, Miranda Gold (MAD.V), plans to further monetize its Nevada gold assets, while another JV-partner in Alaska forges ahead modest, high-grade gold production with expansion potential. Meanwhile, Miranda’s significant geological expertise is focused on making a big discovery in Colombia..

Link: http://energyandgold.com/2015/04/17/prospect-generator-miranda-gold-mad-v-chases-discovery-in-colombia-and-high-grade-production-in-alaska/