Erik Wetterling – Value Proposition For Magna Mining, First Nordic Metals, and Integra Resources
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss three junior resource companies with recent news out to the market; where he is attracted to the current value proposition.
We discussed how the capital markets window has been open for copper-nickel-PGM explorer, developer and near-term producer Magna Mining (TSX.V: NICU) (OTCQB: MGMNF), and gold explorer First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF). On November 4th, Magna Mining was able to just raise $21.85 Million in a private placement, and First Nordic announced Oct 30th a bought deal private placement of C$10 Million. We outline how those funds will likely be utilized to advance their respective projects and the catalysts each company has in front of them.
We wrap up discussing the news out on November 8th, with regards to the Integra Resources (TSXV: ITR) (NYSE American: ITRG) business merger with Florida Canyon Gold Inc. (TSXV: FCGV), and the trend of junior developers buying producing assets to move their pipeline of projects forward without the need to repeatedly go back to market for capital raises.
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
