We kicked off the Autumn with four terrific companies presenting live on Tuesday 6 September on London South East.
Our fourth speaker was Marshall Koval, CEO at Luminex Resources #LR who specialise in gold/copper and precious metals exploration and development in Ecuador where they hold a large number of highly prospective concessions. We don’t often hear from #TSXV-listed miners in Ecuador so this is a very useful insight into the huge mineral potential which the country has.
These have been built up over time, and now that Ecuador is looked upon as a good country to do business with and the in-country risk is reducing these projects should grow in value.
Luminex develop and add value to concessions by themselves, and since 2018 have brought US$37M into projects through joint ventures. Anglo American are developing the Pegasus copper porphyry concession with them as operator and have already spent $15M with much more to come. The share price is at a 52 week low, which Marshall sees as a very good buy opportunity.
##TSXV #LR #Marshall Koval #LUMINEXRESOURCES #LUMINAGOLD
#GOLD #COPPER #ANGLOAMERICAN