AbraPlata Resource (ABRA) - Gold-Silver Company with $25M
Matthew Gordon, Ptolemy Capital
2 Months ago
So what's it like to do business in Argentina at the moment? Salta Province is one of the best areas. They are chasing Gold-Silver having acquired the project in 2016 from SSR. Results recently have been good and they plan to continue to drill into 2021 to finish a 13,000m programme to demonstrate the scale of the opportunity. With that they hope to deliver a PEA. The management team have been there just over a year and have changed the focus and emphasis having raise the capital required to prove the potential with a small drill programme at the beginning of the year. This was enough to get Eric Sprott interested in not one, but 2 fund raises. As an exploration team, with $25M, they feel they can deliver an interesting story and then have conversations with partners. There are 3 other targets in the portfolio which have potential but the Diablillos project is well-advanced, with more than US$35 million spent historically.
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.