bionerd schreef op 6 januari 2021 08:37:
MOON - Zinc/Silver project. Voor mensen die wel een gokje durven te wagen.
I spoke with the prez of MOON this morning to get a handle on this story. It sure looks like that Blue Moon deposit is a solid asset. They believe they can outline a much larger deposit in parallel structures along strike, but even if they just go with the current zinc-copper resource along with a significant silver-gold byproduct, there is value in this company. Many juniors with MCs that are a multiple of the current value for MOON have nothing but a property that may never advance to achieve the resource already established at Blue Moon. Plus they have an attractive asset in Nunavut.
I was encouraged that they own 100% of the flagship. There are no environmental liabilities that must be resolved to move forward. The metallurgy is attractive using conventional processing options. The NSRs outstanding have been cleaned up such that only a minor 0.5% royalty remains outstanding, which is exceptional for a past-producing mine project. I think they will need to raise some money and get very aggressive with drilling work to attract more speculative interest but that is pretty typical for the junior mining sector, and achievable in this bull market. I am going to buy a small chunk of the PP and see how these guys can move forward with exploration.