OT...If you want to play..GoldQuest..Rob McEwen owns 9 percent
-PDAC VIDEO with some good info:...https://ceo.ca/@JrMining/doing-it-again-in-the-dominican-republic.
-Also some of Robs thoughts:
RM: McEwen Mining (MUX:TSX; MUX:NYSE), of course. It has huge insider ownership, positive cash flow, good optionality in terms of the gold and silver properties, in addition to its very large copper project, and exploration potential in Nevada, Mexico and Argentina. Despite the low gold and silver prices, it has been generating increasing free cash flow over last three quarters, the treasury has been growing and the balance sheet is solid with a small amount of debt. Management exercises fiscal discipline and will not build a mine unless the project can generate a 20% internal rate of return (IRR), has a low capex and a capital payback in three years or less. There is no harm leaving the gold or silver in the ground and waiting until the prices improve before raising capital to build.
TGR: Two other companies that fit those criteria?
RM: One is GoldQuest Mining Corp. (GQC:TSX.V). The company's property is located in the Dominican Republic, so it is nearby and in a stable environment. Its management team has a successful record of discovery, mine development and building value for their shareowners. Its Romero property has an attractive grade and good exploration potential. It has not encumbered itself with royalties or metal streams, has no debt and has a small but sufficient treasury to keep moving the project ahead. I must disclose that I own 9% of the company |
