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: https://discord.gg/aezrEwnx

 

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

 

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