Luminex Resources is a Ross Beaty-Funded 4M Gold Oz Developer with CEO Marshall Koval


Mining entrepreneur Ross Beaty owns just shy of 20% of Luminex Resources which is a spin-out of Lumina Gold Corp. In this interview, Luminex CEO Marshall Koval provides an overview of Luminex’s investment value proposition and why he believes the company is currently undervalued. Luminex is exploring and advancing its 4M ounce Condor gold deposit as well as enjoying the benefit of having BHP and Anglo American create value for shareholders by spending up to US$100M on its projects through earn-in agreements.

0:15 Introduction
3:08 Lumina Group’s rationale for having same managers over multiple companies
6:17 Discussing Ecuador as a mining jurisdiction
10:25 Condor 4M gold oz deposit but only C$44M market cap?
12:38 Condor project overview and upcoming catalysts
15:01 More sunk costs spent on Condor than current Luminex market cap
17:36 Condor project burn rate
18:00 Luminex owns 90% of Condor project
19:20 Moving Condor project forward in 2020
20:37 BHP and Anglo American committed up to US$100M to explore Luminex projects
23:05 Recapping reasons to invest in Luminex Resources TSXV:LR OTC:LUMIF

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