14
Oreninc.com PDAC 2018 – State of Mineral Finance State of Mineral Finance PDAC 2018 March 6, 2018, Toronto Capital Markets Program – Opening Remarks Room 714
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
State of Mineral FinancePDAC 2018
March 6, 2018, Toronto
Capital Markets Program – Opening Remarks
Room 714
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Who we are & What do we do?
2
• TRACKING OVER 1,400 COMPANIES on the TSX, TSX Venture Exchange and Canadian Stock Exchange
• LOGGED +30,140 DEALS since 2011
• Collected close to 1,200,000 DATA POINTS
• Data-driven approach to examining financings
• IN-HOUSE data analyst
• CONSULTING on capital raises and ancillary aspects
• SECTOR & BROKER REPORTS
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Our Criteria
Tracking of the Junior Mining Market
Market Capitalisation cut-off of 1.5bn CAD
Financing cut-off 100mn CAD
3
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Oreninc Index
4
WEIGHTED INDEX FACTORS
Total $s of Financings Opened
Percentage of Broker Participation
Total # of dealsopened
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Trend reversal in 2016
5
2011 2012 2013 2014 2015 2016 2017
CSE $25,174,039.00 $37,200,899.71 $14,496,915.42 $16,156,285.05 $24,353,373.94 $53,675,938.83 $118,254,102.81
TSX $3,256,067,107.00 $2,300,657,781.95 $1,169,895,622.27 $1,660,296,913.48 $1,277,331,827.57 $2,113,001,095.22 $1,440,409,681.18
TSX-V $4,986,678,146.00 $2,368,123,133.02 $1,125,742,949.77 $1,692,766,484.95 $1,183,445,570.05 $2,660,434,667.71 $3,143,867,579.56
Total Dollars raised since 2011
CSE TSX TSX-V
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
TSX-V sees more even deal distribution
6
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800Qt
r1 1
1
Qtr2
11
Qtr3
11
Qtr4
11
Qtr1
12
Qtr2
12
Qtr3
12
Qtr4
12
Qtr1
13
Qtr2
13
Qtr3
13
Qtr4
13
Qtr1
14
Qtr2
14
Qtr3
14
Qtr4
14
Qtr1
15
Qtr2
15
Qtr3
15
Qtr4
15
Qtr1
16
Qtr2
16
Qtr3
16
Qtr4
16
Qtr1
17
Qtr2
17
Qtr3
17
Qtr4
17
Mill
ion
Junior Closings by Exchange (Quarterly)
CSE TSX TSX-V
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Fewer deals in 2017
7
0
50
100
150
200
250
300
350
400
450
Qtr111
Qtr211
Qtr311
Qtr411
Qtr112
Qtr212
Qtr312
Qtr412
Qtr113
Qtr213
Qtr313
Qtr413
Qtr114
Qtr214
Qtr314
Qtr414
Qtr115
Qtr215
Qtr315
Qtr415
Qtr116
Qtr216
Qtr316
Qtr416
Qtr117
Qtr217
Qtr317
Qtr417
Number of Private Placments Closed by Exchange
CSE TSX TSX-V
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Average deal size healthy
8
0
5
10
15
20
25
2011 Qtr1 Qtr2 Qtr3 Qtr4 2012 Qtr1 Qtr2 Qtr3 Qtr4 2013 Qtr1 Qtr2 Qtr3 Qtr4 2014 Qtr1 Qtr2 Qtr3 Qtr4 2015 Qtr1 Qtr2 Qtr3 Qtr4 2016 Qtr1 Qtr2 Qtr3 Qtr4 2017 Qtr1 Qtr2 Qtr3 Qtr4
Mill
ione
n
Average Dollar Size of Private Placements by Exchange
CSE TSX TSX-V
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Mixed picture from the institutions
9
0
200
400
600
800
1000
1200
1400
2011 2012 2013 2014 2015 2016 2017
Brokered vs Non-Broker - Number of Placements
Non-Brokered Best Efforts Brokered Best Efforts Bought Deals
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Battery Metals get all the attention
10
0.0
1.0
2.0
3.0
4.0
5.0
6.0
2011 2012 2013 2014 2015 2016 2017
$ Bi
llion
s
Dollars Raised by Sector
Precious Metals Base Metals Battery Metals
0
200
400
600
800
1000
1200
1400
2011 2012 2013 2014 2015 2016 2017
Number of Placements by Sector
Precious Metals Base Metals Battery Metals
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Where is the money flowing?
11
0
50
100
150
200
250
300
$ M
illio
ns
Dollars raised for Projects by Province
2016 2017
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Seasonality
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e 13
Oreninc.com P D A C 2 0 1 8 – S t a t e o f M i n e r a l F i n a n c e
Find us at booth #3010
www.oreninc.com
14
