Good find. The potential for grandslam is there. They are first mover in a country with near zip exploration. Their geophysics may be the first of any size there. Now exploring then developing something requires money and investment that takes a long time to pay off. But often best gains way before that.On the good there is gold and VMSs there and even Cobalt.
Beacon has that area with boulders best can tell, as first mover they have picked what they think is best 300 sq km on island. Back to money aspect. The good is huge gains can be had before anything is mined. New Found Gold went over $1 billion and 5 bagged in 6 months in 2021 just by hiting good drill holes, the biggest gains are often before mining starts, often in excess to sane valuations. Today New Found is less than in 2021. So if they hit a rich VMS with grades like the boulders it could be 100s of millions of added stock value without mining a single ton. It could 5 bag Beacon. BTW Australia and allied with them politically. Cheers
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Mkt cap ! $105.1M |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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