Matthew Gordon,
Ptolemy Capital
We're back with another interview with Salazar Resources, an Ecuadorian/Colombian exploration and project development company that offers investors exposure to Gold, Copper and Silver resources, and Copper-Zinc VMS deposits. This years Exploration is fully financed, courtesy of a JV with Adventus Mining Corp. Salazar Resources started the year with a share price of CAD$0.11 but has risen to CAD$0.21 today. The company has a market cap of CAD$26.56M. A common theme amongst smaller junior mining companies is the lack of a coherent business plan; it usually goes: we're going to acquire a licence, we're going to drill it, we're going to see if it's worth drilling further, then we're going to drill again. Salazar Resources has a refreshing approach. It has clear Business Plan, has structure a financing plan via a farm-out, consultancy fees and leasing of 3 fully owned drill rigs. They currently have c.$5M in the bank. With an additional recurring income and an extremely low G&A. Marr-Johnson says that their exploration programme for this year is consequently fully funded.
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20th February 2020 7 minute read
The government understands the vital developmental and economic role that a responsible mining industry o
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17th February 2020 5 minute read
My kids drive me nuts. My youngest son spends most days in his pyjamas playing computer games. My youngest daughter complains about never having enough data whilst she is creating her next Tik-Tok or editing videos of one of the animals being “so cute”. Each of our kids has three screens; a phone, iPad and …