Project generator company, finds good early exploration projects and then has other companies come in to spend the high-risk dollars. Long term play with very solid, cost conscious management. Operating mostly in Mexico, but have a project in Arizona that has 1.2 million in historical ounces. The latter alone justifies its market cap.
Management team has 8 discoveries under their belt. Roughly 17 million shares with 60% owned by insiders. Have the Sugarloaf property in Arizona that has 1.2 million ounces in historic resources. Low-grade, but hopefully they will find some high-grade. Flagship is a 350 km² El Capitan property in Durango Mexico. Has a historic intercept of 50 m. Expectation is that it will become a world-class deposit.
Recently acquired a 1.2 million ounce gold deposit in Arizona. Unbelievably good buying time for companies like this if you believe in a long-term bull market for silver, gold and base metals. Great management. Lots of good prospects. Drilling one in Mexico.
Joint venture model. Good management. Have a number of projects in Mexico in a strategic alliance with Kinross (K-T) as well as in Arizonian project. Not a great deposit but it could get better. Cheap.
Interesting model. They generate ideas and targets and when it comes time to spend the big money, they bring in somebody else. They are then dilutive at the prospect stage but not at the capital stage. Has a number of joint ventures laid out. Mostly in Mexico but has one in Arizona.
A prospect generator company. Doing good work. His costs are almost zero to explore while he has partners coming in to spend money on his projects. It takes a long time to make a discovery.
They follow a joint venture model. Given their low chances of success, it makes a lot of sense to him. They have done a great job of bringing the partners and getting them to fund the work. Stock is a reasonable price right now.
The ``prospect generator`` business model to him is the only part of the exploration sector that makes any mathematical sense. He is a very large shareholder of this company, and has an extremely high regard for management.
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