Santana Minerals SMI - The next large Otago Macraes Gold Deposit ?

[Daytr]

Yes in the scheme of things $4m is not a large amount, but when you add up the $31.2m raised from institutions also at $1.15 and the 35 million options with an issue price of $1.08 at the end of January. You're looking at over $75 million of shares at todays pricing that will eventually dilute the current share base. You'll need a really good announcement or some really big institutions to move that volume when the share price gets higher.

Why would institutions necessarily need to move that amount of volume if those who bought the new shares aren't selling?
Or if they will need to enticed with a good profit on their investment. I.e a higher SP.

There was always going to be some dilution required, it's the nature of the beast.
$80M in cash with the options should easily get them through to BFS & also fund quite a bit of drilling. Exciting times.

Institutional buying is what I am referring to. I.e fund managers etc. coming on board.

[silverblizzard888]

Why would institutions necessarily need to move that amount of volume if those who bought the new shares aren't selling?
Or if they will need to enticed with a good profit on their investment. I.e a higher SP.

There was always going to be some dilution required, it's the nature of the beast.
$80M in cash with the options should easily get them through to BFS & also fund quite a bit of drilling. Exciting times.

Institutional buying is what I am referring to. I.e fund managers etc. coming on board.

Yup and after that they need to find AUD$230m or less depending on their cash holding, so they set up all the facilities and prep everything to start mining.

[Daytr]

Yup and after that they need to find AUD$230m or less depending on their cash holding, so they set up all the facilities and prep everything to start mining.

Yeah bound to be some more equity involved, but hopefully mostly debt. Plenty of time for exploration to hopefully increase the resource base & extend the mine life.

I would like to see the plant throughput capacity increase by at least 50% as they are bound to find more gold and get production up around 160k - 180K toz per annum.

$250M - $300M of free cash p.a. would be a serious proposition and the earlier bigger cashflow would get factored into the P.E ratio.

[Rawz]

Has resource consent been issued through the fast track process or is that still to come?

Can someone please share the best presentation to review based on the potential of the mine? many thanks

[Sideshow Bob]

Has resource consent been issued through the fast track process or is that still to come?

Can someone please share the best presentation to review based on the potential of the mine? many thanks

No, the resource consent hasn't been issued and they are only invited to apply for the fast track. (I think this process is only just getting underway and not yet voted into law).

https://www.odt.co.nz/regions/centra...ast-track-bill

Not sure on the best, but here is their scoping study - with a good chunk of pictures, tables and graphs......

https://cdn-api.markitdigital.com/ap...6296-6A1202971

[Rawz]

No, the resource consent hasn't been issued and they are only invited to apply for the fast track. (I think this process is only just getting underway and not yet voted into law).

https://www.odt.co.nz/regions/centra...ast-track-bill

Not sure on the best, but here is their scoping study - with a good chunk of pictures, tables and graphs......

https://cdn-api.markitdigital.com/ap...6296-6A1202971

awesome cheers

[Baaarney]

They do include broker/equity research on their website:
https://www.santanaminerals.com/equity-research

[Rawz]

They do include broker/equity research on their website:
https://www.santanaminerals.com/equity-research

Thank you for highlighting this

[JBmurc]

A great clip on nearby east OTAGO Macraes Gold mine

Macraes gold mine is the biggest mine in New Zealand. After working FIFO in the mines of Western Australia I got a job out there. This video is a snapshot of working in New Zealand's largest mine.


https://www.youtube.com/watch?v=T1PJOz355po&t=188s

[percy]

A great clip on nearby east OTAGO Macraes Gold mine

Macraes gold mine is the biggest mine in New Zealand. After working FIFO in the mines of Western Australia I got a job out there. This video is a snapshot of working in New Zealand's largest mine.


https://www.youtube.com/watch?v=T1PJOz355po&t=188s

Thanks for the link.
Enjoyed the video.