A gold producer 18,000oz-20,000oz with big ambition. They want to be a 150,000oz producer in 3 to 5-years. Bullock has a solid track record but been only been at Anaconda for a couple of years. He walked into a small producer with comfortable cash flowing business but without the ambition to do more. He lays out how he plans to deliver a growth story to the market; Exploration, Development and M&A. The current producing asset has short Life of Mine of 2.5-Years but has been the case of several years. They continue to explore and expand that resource and continue to generate cash flow from gold sales. Currently, the cash generated from that covers their overheads and exploration on their other assets. Drill results look good. Grades are high-grade. Now they need to show where the scale comes from. If they can do that, this project looks very interesting. M&A is always tough and in this environment can be expensive. For us, the exploration and development story at Goldboro is the main event. However, Tilt Cove is progressing too with the flow-through money provided by a Swiss fund.
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.
Crux Investor does not verify information provided by contributors or video interviewees on this site, and makes no assurance as to the adequacy, completeness or accuracy of any such information. Crux Investor steadfastly disclaims any liability or responsibility for the outcome of any investments made by users of this site or our branded affiliates. Users of this site (and our branded affiliates) should consult with their own financial advisors to assist them in making investment decisions. By accessing this site and our branded affiliates, you agree to the terms of service and privacy policy.