EPISODE · Mar 31, 2020 · 28 MIN
Luminex's Condor Project Grows to 5+ Million Gold Ounces with Marshall Koval & Leo Hathaway
from Mining Stock Education · host Bill Powers
Luminex is exploring and advancing its now 5+ million ounce Condor gold project as well as enjoying the benefit of having BHP and Anglo American create value for shareholders by spending up to US$100M on its projects through earn-in agreements. At Luminex’s current market cap of only about US$35M, CEO Marshall Koval stated: “every CEO will tell you their share price, and their stock, and their company is well undervalued. I'm telling you that we're super undervalued here and it's a great investment opportunity.” In this interview Marshall elaborates on why Luminex is undervalued and Senior VP of Exploration Leo Hathaway provides a geological update on the Condor gold project and why the company expects the resource to continue to grow.Mining entrepreneur Ross Beaty owns 19.9% of Luminex Resources and stated in a recent MSE interview: “you’ve got so many shots of big, big value creators in this company, it was a very easy thing for me to participate in. And I think I’m now the largest shareholder at 20%. I would buy the stock every day if I could. It’s just a really, really great exploration speculation with multiple assets, any one of which could give you a multiple of where the stock is trading at today. So it’s cheap, well-managed. It’s got enough capital to follow its business plan for the year. Those are all things, the things I look for in an excellent speculation and Lumina Gold has that in spades. Luminex has that I would say even more. So that’s why I’m an investor.”0:15 Introduction2:15 Luminex provides investors with multiple value-creating projects5:37 Condor gold project is now over 5+M AuOz (6M AuEqOz)7:51 Condor gold project has tremendous further discovery potential9:22 Condor’s potential to become a tier-one gold project?13:36 Navigating Luminex forward amid the COVID-19 crisis15:54 Further expanding upon Condor’s future discovery potential19:30 Anglo spending US$57.3M to advance Pegasus A&B projects21:52 BHP spending US$42M to advance Tarqui copper projectNews Releases discussed in this interview:http://www.miningstockeducation.com/2020/03/luminex-discovers-new-high-grade-area-at-the-camp-zone-including-28-1-metres-true-thickness-of-3-1-g-t-gold-and-68-2-g-t-silver-and-provides-an-exploration-update-on-pegasus-ab/http://www.miningstockeducation.com/2020/03/luminex-announces-maiden-camp-deposit-inferred-mineral-resource-estimate-of-0-9-million-ounces-gold-and-updates-condor-mineral-resource-estimate/https://luminexresources.com/ TSXV:LR OTC:LUMIFSign up for Luminex’s email list: https://luminexresources.com/contact/contact-us/Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Luminex Resources is an MSE sponsor. The forward-looking statement found in Luminex’s most-recent presentation applies to the content of this interview. The content found on MiningStockEducation.com is for informational 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. Please visit our website for our full disclaimer.
Embed this episode
NOW PLAYING
Luminex's Condor Project Grows to 5+ Million Gold Ounces with Marshall Koval & Leo Hathaway
No transcript for this episode yet
Similar Episodes
No similar episodes found.