The CEO is doing it again now with version 2.0. He owns a world class project in the gold prolific Maricunga region of Chile at 15K altitude. His project is the largest oxide gold deposit in the world with a 4.76 mil ounce resource.
Oxide ore has been exposed to the elements so the gold is bound to oxygen making it easy to recover. Oxide gold deposits are the most profitable, as most ore is found near the surface and have the lowest processing costs. This deposit needs only simple "run of mine" meaning all this miner has to do is dig the ore out and place it on a heap leach pad. No expensive pit stripping, crushing or processing is required.
The CEO wisely scaled down the original project from 80K t/d, which needed substantial capex to build, to only 20K t/d. And this is just the starter pit. This deposit holds 389 mil tonnes of ore, which already meets the demand of an expansion to 80K t/d. This company will use FCF from production to grow the mine 4X. Using internal profits to grow allows this company to avoid stock dilution which kills shareholder returns
The project is now fully funded. GP sees this deposit worth $1.58 bil at $2,500/oz Gold. The company is only valued at $160 mil or $0.55 per share, a 90% discount to fair value which lies at $4.20 per share, 8X higher.
I've recently gone independent to bring you opportunities like this as well as 31 other smaller explorers and developers poised to explode in value when gold takes off higher.
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Click here to learn more about the Golden Portfolio 10X.
Best,
Garrett Goggin, CFA
Founder, Golden Portfolio
P.S. Click here for your FREE GP10X Recommendation Report
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