Скачать или смотреть JRI 17. Getting bigger and getting cheaper. CEO Marshall Koval of Luminex explains their potential.

Time Stamps below.
Please like and subscribe!
And please join the sister investing community: Community Investment Server:   / discord  

Luminex Resources is a Ross Beaty company operating about 30 km South of the famous Fruta del Norte mine in Equador. A preexisting PEA that shows 6.6 million oz of gold is present on Luminex's "Condor" land package. Condor is a highly mineralized project with approximately 145,000 metres of drilling as of October-2022 across all deposits. 2022 drill programs included drilling at Condor North (gold) and Central Condor (copper). Plans are underway presently to improve the economics - through cheaper mining and resource expansion - and release a new PEA.

The Condor Project is 98.7%* owned by Luminex and 1.3% owned by the Instituto de Seguridad Social de las Fuerzas Armadas ("ISSFA"), which is the pension fund for Ecuador's armed forces personnel.

Time Stamps

01:15: Marshall's Elevator Pitch
04:10: Balancing time between sister companies
05:10: Marshall's M&A history
08:48: Ross Beatty's involvement
10:30: Share structure
11:20: Management share price
13:00: Share structure and overhang
14:50: Cash on hand and burn rate
17:00: Strategy in current market conditions
18:30: Changing the mining plan and economics
21:00: 2023 Exploration
23:30: Meters drilled
25:00: Santa Barbara Porphyry
27:30: Historical Drilling
28:20: Existing Royalties
29:30: 2022 recap and 2023 targets, remaining assays
31:15: Anglo American and the Pegasus target
33:30: Assays - where and how long
34:45: Ecuadorian geopolitics and ESG.
46:00 President Lasso
48:00: PEA Economic Sensitivities
56:00: Capex Reduction Target
57:00: 2023 Catalysts
58:30: Final Thoughts


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.