Darwin Green, Vice-President Exploration, Constantine Metals – 2015 Subscriber Investment Summit
Please view Constantine Metals disclaimer here. The above presentation discusses a highly speculative penny stock and statements were made in a forward-looking context, which means they may not come true.
Constantine Metals continues to build the resource at its Palmer copper-zinc-silver-gold project in Alaska, with its joint-venture party paying most of the bills.
Palmer is under joint venture/option with Dowa Metals & Mining Co., Ltd. of Japan, which has the option to earn a 49% interest in the project by making aggregate expenditures of US$22 million over a four-year period. Dowa only needs to spend $7 million more to complete the agreement.
The option agreement includes $1.25M in annual payments, allowing Constantine to actually be cash-flow-positive and preventing dilution.
A new resource estimate out in May 2015 doubled the size of the project, which now has an inferred resource of 8.1 million tonnes grading 1.41% copper, 5.25% zinc, .32 g/t gold and 31.7 g/t silver. All zones remain open and management believes district-scale potential exists on the large land package.
Palmer has excellent access with highway and power nearby and a road into the project. A deep-sea port is also located 40 miles away.
Constantine Metals (CEM:TSXV)
- Share price $0.095
- Market cap $11.1 M
- Shares outstanding 116.85M
- Cash ~$1.4 M (as of July 31, 2015)
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