Interview.21 Nov 2025 09:58
Https://m.youtube.com/watch?v=E_ZnaIec-jw&pp=ygUNT3Jvc3VyIG1pbmluZw%3D%3D
•Brad in London for the interview.
•Resource consultants onsite couple weeks ago, Apta.
•Pepas, very high grade holes have pushed the MRE back a month. It will increase the numbers. MRE in Jan.
•Near term production still the plan, though if they find something else it could change. AKA bigger deposit. (This is Inevitable in my mind.)
•’If we find a monster, all bets are off.’
•MRE will underpin the company, Pepas completion December then the rig will move to El Cedro.
•Larger scale potential than Apta!
•El Cedro, epithermal system above the porphyry and beside it. Aero survey coming soon.
• Really big prospects need testing, El Cedro could be huge.
• Around Pepas / El Cedro - potential for multi million ounces.
•Apta, just needs to run the last mile. Biggest bang for the buck comes for first.
•Potential second rig at Anza in the New Year.
•Many Instis, Eric Sprott personally, Sprott Funds, Cohen. Long term mining holds. They like what they see.
•Pepas is a valuation, the rest is for free.
•A large group of investors from Zurich, see gold going to the moon. Some with a billion dollars to invest, watching and on standby.
•’We are just beginning’
•El Pantano, abit under the radar for now, ‘shows signs of a massive epithermal system’
•El Pantano, solely geology. So far what there seeing it looks interesting. Expecting the first results next week.
•Hints and Sniffs from the first holes, end of Q1. Sale? JV? 100% ownership… Lots of choices.
•Q1- Pepas at resource, Apta near resource, El Cedro - concept proven, El Pantano concept proven.
•Financials - Key point, Uruguay gone, Cash balance - will last into 2027 unless things go well and they accelerate.
•No worry about cash raises anytime soon. 2027…
•It’s all about the rocks, you don’t make deposits you find them. Key advantage, two really big projects which are the real deal.
Excellent interview as always recently. Next year is going to be frightening. All the right areas to drill, no need to worry about dilution or financing. The likes of Eric Sprott holding personally loving the story.
And that’s me for the day enjoy all.