EDITOR: | April 15th, 2015 | 9 Comments

Northern Minerals Limited: $49.5M funding transaction update

| April 15, 2015 | 9 Comments
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Raj Shah

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Comments

  • Bill

    Cracker of an announcement. Northern Minerals continues to be able to raise funds at will. This is small change for Jien who have a market cap around US $3.5 billion. Offtake agreements and project funding can’t be far away now.

    April 15, 2015 - 7:48 AM

  • Ricki

    It won’t be long before they are renamed Northern “China” Minerals. Any offtake agreement in China won’t achieve the prices of the DFS.

    April 15, 2015 - 10:18 AM

  • Tobias Scherrer

    To achieve the price of the DFS is a must! Second question, what is duration of this offtake? Third question, how much is left for the others?
    Fourth question, the most important one, why is Jien interested in offtake?

    April 15, 2015 - 8:22 PM

  • chris

    Tobias
    1. The REO price forecast contained in the DFS are fantasy at best and they do not take into account any discount for a 53% concentrate.

    2. There is no off-take. They are in discussions to possibly form a MoU for off-take.

    3. Sumitomo already has an MOU off take agreement with NTU. This has been in place for over 3 years.

    4. Jien Mining are merely helping ACIIG land bank NTU tenements IMO. They are not really interested in off take, its just a ploy to keep punters interested. Otherwise why don’t they sign a binding off take agreement and provide project funding?

    April 15, 2015 - 11:02 PM

  • Wally

    Chris – what % discount do you speculate may apply to Northerns heavy rare earth carbonate?

    also you stated “Jien Mining are merely helping ACIIG land bank NTU tenements” …. what a lot of waffle – that simply makes no sense. ACIIG and Mr Yue combined presently have 44% of the share on issue – so it would be very easy to halt Northerns progress with a blocking vote if that was their intention. Instead Jien Mining are subscribing for shares to the value of $17M, and that’s on top of the $5M they recently contributed via Convertible Notes.

    April 16, 2015 - 2:05 AM

  • Ricki

    This is yet another nail in the coffin for an independent rare earths supply chain. What is it with Australian companies running off to China to be bailed out?? Surely these b-graders could show more skill and diversify their investor base. It’s either lazy or incompetent.

    Look at how the China factor has affected the iron ore price in Australia and these guys merrily bounce along like everything is sweet.

    I’ll be advising investors to look elsewhere if they want exposure to the upside of higher realised REO prices.

    April 16, 2015 - 3:56 AM

  • Tony

    more to the point why is it with ROW end users failed to invest in rare earth developers such as Northern

    those that funded Northern for the past 5 years risked their capital, while the ROW end users were no where to be seen – and probably living off illegal heavy rare earths smuggled out of China

    April 16, 2015 - 8:51 AM

  • Ricki

    Yes true China is the only country to have put its money where its mouth is. However for a few years head start Northern China Minerals now has a life of mine commitment, locking itself out of any agreements with US contractors with defense commitments for the entire duration. It may be the next dysprosium supplier outside of China but having sold the ranch it’s obvious where that product will end up.
    53% equity is total control in anyone’s language.

    April 16, 2015 - 9:02 PM

  • Tony

    …. and the ROW end users including the US only have themselves to blame.

    April 17, 2015 - 9:01 AM

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