prices continue to rise. It is quite possible, and even likely, that the company will raise money again before work begins in April this year. Thomas estimates a total budget of AUSD3.0 million for the current year. This sum is to be used for drilling at Sortekap (Gold) and Miki (Cu-Ni-PGE). Conclusion: The matter is actually quite simple for Conico and its investors: after long preparation, the moment of truth is now coming with drilling on all three projects. The Mestersvig Zinc Project, as a former producer, offers a lot of proven substance on the one hand, but also plenty of room for growth. The Sortekap gold project at Ryberg could easily be the main project for an average explorer. Nevertheless, Mestersvig and Sortekap pale behind the potential of Miki/Ryberg: the drilling there, planned for the middle of the year, is expected to attract global interest - especially from Danish, Greenlandic and British investors. In the best case, the drilling next summer will confirm the young geologist's daring hypotheses. Then the Ryberg project will make history and change Greenland's strategic role. In the negative case, the drilling on Miki is a flop. That would certainly not lead to the abandonment of the project, but it would certainly make it more difficult to finance further investigations. Either way, Conico will still need a lot of money for exploration. In the medium term, it is hard to imagine Conico getting by without the support of large corporations - even if it is successful. It is a fascinating project that we recommend to investors and that we want to continue to pursue in any case. For pictures and additional information click here https://goldinvest.de/unternehmensprofile/ unternehmensprofile-mining-energy/167-conico-ltdBLOCKED Risk notice: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish commentaries, analyses and news on https://www.goldinvest.de. This content serves exclusively to inform the reader and does not represent any kind of call to action, neither explicitly nor implicitly, and is not to be understood as an assurance of any sort of price development. Furthermore, it does not in any way replace individual expert investment advice and does not constitute an offer to buy or sell the shares discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertorial / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offerings, as our information only relates to the company and not to the reader's investment decision. The purchase of securities involves high risks which can lead to the complete loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the guarantee of the topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. In accordance with §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH can hold shares in Conic Ltd. and therefore a conflict of interest exists or may exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares in the company at any time. Furthermore, a contractual relationship exists between Conico Ltd. and GOLDINVEST Consulting GmbH which involves GOLDINVEST Consulting GmbH reporting on Conico Ltd. This is another clear conflict of interest. =---------------------------------------------------------------------------------------------------------------------- 2021-03-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- Language: English Company: Goldinvest Consulting GmbH Rothenbaumchausse 185 20149 Hamburg Germany Internet: www.goldinvest.de EQS News ID: 1176107 End of News DGAP News Service =------------
1176107 2021-03-17
(END) Dow Jones Newswires
March 17, 2021 02:37 ET (06:37 GMT)