Prime Mining (TSX-V: PRYM) - And to this day I still get butterflies

Matthew Gordon,
Ptolemy Capital

20:23
1 Month ago

Prime Mining has changed its plan a lot since we last spoke in December. The business plan was originally to start producing gold as soon as possible. The Resource was around 530Koz of economically mineable gold and 10Moz of silver, all sitting near-surface. This would have theoretically enable Prime Mining to be producing 65-70Koz annually in around 2-years' time. At the time, Bowering stated that attaining cash flow in the fastest possible time would enable his company to fund additional drilling, expand the resource and ramp up operations. This seemed prudent given a gold price rising above US$1,700/oz has led some commentators into a speculation frenzy: possible US$2,000/oz gold?

The Prime Mining Corporation company logo

View Our
Prime Mining Corp
Company Profile

About Us
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.
Subscribe
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.

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.