Massive 17M oz Gold Deposit Primed for Takeover(Scott Hicks from Lumina Gold)
Mining Stock Education - Podcast autorstwa Mining Stock Education
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Lumina Gold Corp. was launched several years ago out of mining legend Ross Beaty’s vision to develop a large gold deposit that could be monetized via a sale to a major gold producer during a gold upcycle. The company is on track to fulfill Ross’ vision as it has developed a world-class, massive 17-million-ounce gold resource at its Cangrejos project in Ecuador. Ross Beaty owns nearly 20% of Lumina Gold Corp. The management team of Lumina Gold believes the company offers substantial value to gold investors, not just for its gold ounces in the ground, but also because they have the company primed for a potential takeover which could deliver a substantial premium to shareholders. Scott Hicks is the Vice President of Corporate Development and Communications for Lumina Gold Corp. Scott was previously an investment banker working with RBC Capital Markets and BMO Capital Markets. He also served as VP Corporate Development and Communications of Anfield Gold Corp. He also currently serves as the VP Corporate Development and Communications of Luminex Resources. Over the last decade he has worked on a variety of equity, debt and advisory assignments while working in Canada and Australia. Mr. Hicks holds a Bachelor of Commerce with Honours from the University of British Columbia. https://luminagold.com/ TSXV:LUM OTC:LMGDF Lumina Gold Corp.’s presentation: https://luminagold.com/assets/docs/presentations/2020-01-06-CP-LUM.pdf 0:15 Introduction 2:15 Lumina Gold’s management team’s successful history 4:07 Overview of 17M AuOz Cangrejos project 8:42 Cangrejos’ CAPEX versus peers 10:21 Making sure Cangrejos advances towards monetization 12:09 Catalysts for 2020 13:32 Optimizing for takeover not adding ounces now 14:10 Treasury and burn rate 14:50 Share structure and owners 16:12 Ecuador as mining jurisdiction 19:02 Recent M&A activity and a future Lumina Gold takeover 20:12 Market Cap versus historic sunk costs 20:47 Addressing possible challenges Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Lumina Gold Corp. is an MSE sponsor. 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. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com 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 MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com 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 MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, 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.