Report: Mawson Finland – Unlocking Finland’s Mining Potential...

Report: Mawson Finland – Unlocking Finland’s Mining Potential with Gold and Cobalt

Excerpt:
"Rajapalot isn’t a grassroots exploration project as a Preliminary Economic Assessment was completed before the IPO of the company using the drill data up to 2021. And although that PEA may have been compiled ‘too early’ on a resource smaller than 1 million ounces of gold and is currently already outdated given the additional drilling that has taken place, it does provide an excellent stepping stone to expand the resource, update the mine plan and update the economics of the project. But as we will explain in the report, the project would also work in its current form as mining in Finland is cheaper than you’d think."

"The company has actively promoted not only the exploration permitting but also the mine permitting processes. After preparing the PEA, Mawson Finland started the environmental impact assessment procedure and has already submitted the EIA program to the authorities. The authority has issued a statement on the EIA program, based on which the company can now move on to the next stage, i.e. the preparation of the actual EIA. The Regional Council and both municipalities in whose areas the Rajapalot project is located have also started the zoning processes which will be advantageous to the mining project as it paves the way to apply for the actual mining permit further down the road."

"In the future, changes to national legislation based on the EU´s Critical Raw Materials Act will, among other things, promote the permitting of projects producing critical and strategic raw materials such as cobalt."

mce-anchorConclusion
"Mawson Finland has a pretty advanced project for a company that came out of the gate with a market capitalization of just C$36M Although the market appears to be sceptical of the relatively ‘small’ resource, the existing PEA indicates the gold-cobalt resource indicates the project has a viable path forward, using $1700 gold and $60,000 cobalt. And of course, the lower cobalt price is compensated by the substantially higher gold price. On top of that, the current resource expansion drill program should also add more tonnes to the resource and the mine plan, creating additional value."

"Mawson Finland came out of the gate pretty strong right after its IPO, but the share price isn’t immune to the recent weakness on the gold markets in general. At the current share price, the market cap is just while the company still has approximately C$3M on its bank account."

"Disclosure: The author has a long position in Mawson Finland. Mawson Finland is a sponsor of the website. Please read our full disclosure."

https://www.caesarsreport.com/repor...nlands-mining-potential-with-gold-and-cobalt/

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