We continue to have an elevated level of interest from multiple parties on our massive copper-gold discovery in far eastern Asia…When we get this sold, this will likely add a cash amount to our treasury in excess of our current market cap. (See below)
Not all mining stocks have gone further south over the last six months. In fact, one particular junior “royalty prospect generator” has achieved a slight positive return vs. the junior mining stock sector (GDXJ) – click to enlarge:
This Company is extraordinarily undervalued in relation to the instrinsic value of its underlying assets, which includes a current cash flow gold royalty asset that is going to produce more gold than it has been producing, as the Company which owns the property is in the process of expanding production of the area covered by the royalty footprint.
There are some other positive developments which I cover in my updated research report, but this one is by far the most significant:
We continue to have an elevated level of interest from multiple parties on our massive copper-gold discovery in far eastern Asia. One of the entities we have meet with 3 times thus far, including 2 high level data reviews with multiple members of their technical teams and a site visit. Another site visit is being planned. Additionally, they have spent in excess of $1.6 million on due diligence. When we get this sold, this will likely add a cash amount to our treasury in excess of our current market cap.
The above statement is from the Company’s most recent Corporate Update. I would caution that a deal is not necessarily imminent or will even happen at all. But, I know that more than one very large Chinese global mining concern has been examining this property.
You can access this report here: Prospect Generator
If you have already purchased the report prior to today’s update, please email me and I will send you the updated information.