Silver & Gold Summit San Francisco - October 28, 2019 Presented - - PowerPoint PPT Presentation

Silver & Gold Summit

San Francisco - October 28, 2019

Presented by Kai Hoffmann, CEO

▪ We track on over 1,400 companies on the TSX, TSX-V, and the CSE ▪ Provide sector and broker reports ▪ Logged +32 500 deals since 2011 ▪ Data-driven approach to examining financings ▪ In-house data analyst ▪ Consulting on capital raises and ancillary aspects

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J U N I O R M I N I N G M A R K E T

CAD financing CAD market cap

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Weighted Index Factors:

1. Total $s of financings

• pened
• 2. Percentage of broker

participation

• 3. Total # of deals opened

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0,00 20,00 40,00 60,00 80,00 100,00 120,00 140,00 160,00 0,0 200,0 400,0 600,0 800,0 1.000,0 1.200,0 1.400,0 1.600,0 1.800,0 2.000,0 13-Jan-11 3-Mar-11 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 Gold in USD, Oreninc Index 5-week moving average Source: World Gold Council, Oreninc

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20,00 30,00 40,00 50,00 60,00 70,00 80,00 90,00 100,00 1.000,0 1.050,0 1.100,0 1.150,0 1.200,0 1.250,0 1.300,0 1.350,0 1.400,0

2016

Gold in USD Index 5-wk Moving Average 20,00 30,00 40,00 50,00 60,00 70,00 80,00 90,00 100,00 1.200,0 1.250,0 1.300,0 1.350,0 1.400,0 1.450,0 1.500,0 1.550,0 1.600,0 2-May-19 9-May-19 16-May-19 23-May-19 30-May-19 6-Jun-19 13-Jun-19 20-Jun-19 27-Jun-19 4-Jul-19 11-Jul-19 18-Jul-19 25-Jul-19 1-Aug-19 8-Aug-19 15-Aug-19 22-Aug-19 29-Aug-19 5-Sep-19 12-Sep-19 19-Sep-19 26-Sep-19 3-Oct-19 10-Oct-19

2019

Gold in USD Index 5-wk Moving Average

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$- $100.000.000 $200.000.000 $300.000.000 $400.000.000 $500.000.000 $600.000.000 $700.000.000 0,0 200,0 400,0 600,0 800,0 1.000,0 1.200,0 1.400,0 1.600,0 1.800,0 2.000,0 13-Jan-11 3-Mar-11 21-Apr-11 9-Jun-11 28-Jul-11 15-Sep-11 3-Nov-11 22-Dec-11 9-Feb-12 29-Mar-12 17-May-12 5-Jul-12 23-Aug-12 11-Oct-12 29-Nov-12 17-Jan-13 7-Mar-13 25-Apr-13 13-Jun-13 1-Aug-13 19-Sep-13 7-Nov-13 26-Dec-13 13-Feb-14 3-Apr-14 22-May-14 10-Jul-14 28-Aug-14 16-Oct-14 4-Dec-14 22-Jan-15 12-Mar-15 30-Apr-15 18-Jun-15 6-Aug-15 24-Sep-15 12-Nov-15 31-Dec-15 18-Feb-16 7-Apr-16 26-May-16 14-Jul-16 1-Sep-16 20-Oct-16 8-Dec-16 26-Jan-17 16-Mar-17 4-May-17 22-Jun-17 10-Aug-17 28-Sep-17 16-Nov-17 4-Jan-18 22-Feb-18 12-Apr-18 31-May-18 19-Jul-18 6-Sep-18 25-Oct-18 13-Dec-18 31-Jan-19 21-Mar-19 9-May-19 27-Jun-19 15-Aug-19 3-Oct-19 Gold in USD, Total size opened in CAD Source: World Gold Council, Oreninc

Source: Oreninc; as of October 17, 2019

8 216 240 100 66 84 98 47 56 50 100 150 200 250 300 2016 2017 2018 2019 # of Brokered Deals # of Bought Deals

Since May: 45 & 41

Source: Oreninc; as of October 17, 2019

• 40%

*includes Common & Flow-Through, ex Oil & Gas & Frack Sand

9 8.030 4.609 2.290 3.242 2.406 4.819 4.600 2.758 1.894

• 1.000

2.000 3.000 4.000 5.000 6.000 7.000 8.000 9.000 2011 2012 2013 2014 2015 2016 2017 2018 2019 Millions

Total $s raised 2011 - today

Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand

10 1440 1485 1181 1205 1008 1485 1397 1005 775 200 400 600 800 1000 1200 1400 1600 2011 2012 2013 2014 2015 2016 2017 2018 2019 Total # of Deals 2011 - today

Jan to Apr: 292 May to today: 483

Source: Oreninc; as of October 17, 2019 *includes Common & Flow-Through, ex Oil & Gas & Frack Sand

11 $5.576.529,48 $3.103.549,54 $1.938.755,19 $2.690.223,25 $2.387.126,40 $3.245.099,94 $3.292.535,62 $2.743.946,51 $2.194.071,86 $2.595.347,27 $- $1.000.000,00 $2.000.000,00 $3.000.000,00 $4.000.000,00 $5.000.000,00 $6.000.000,00 2011 2012 2013 2014 2015 2016 2017 2018 2019 pt 1 2019 pt 2

Average Deal Size 2011 - today

18%

11,1% 10,0% 15,5% 18,7% 15,2% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 14,0% 16,0% 18,0% 20,0% $- $0,50 $1,00 $1,50 $2,00 $2,50 $3,00 $3,50 $4,00 $4,50 $5,00 2015 2016 2017 2018 2019 Billions

Common vs. Flow-Through

Common Flow-Through FT in % of total

Source: Oreninc; as of October 17, 2019

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FT $340mn 21% for bought deals

FLO LOW – THROUGH

Financing form will remain extremely important, to increase in Q4 / 2019

ACC CCESS TO FINANCIN INGS

Few remaining institutional investors will have easy access to deal flow, retail less so. Emergence of deal clubs. GRASS SS ROOTS EXP EXPLORER Financing still not available to the most junior companies

WWW.MININGDEALCLUB.COM

Brent Cook Economic Geologist Tim Oliver Minerals Engineer Paul Harris Mining Journalist Kai Hoffmann Capital Markets O U R E X P E R T S

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