I have taken a sizable position over the past days in this company after much due diligence, I see extraordinary value here.
Hi to all, I appologise if some of the below is regurgitation but I think it is highly relevant and thought I would share.
My investment case in summary -
Peak Minerals
Shares on issue ~ 615,000,000
Top 20 ~ 37%
Market Cap ~ $17 M (yes that is correct)
Class project #1 - Yendon HPA (High Purity Alumina) Project - 100% owned - PFS completed 2018 - 30+ year mine life
Class project #2 - Hill End 7 Hargraves Project - 100% owned - existing JORC gold resource 501koz @ 3.3 g/t
Newly acquired project #3 - Copper Hills
Newly acquired remaining projects initiated for exploration
With regards to the Yendon HPA project, have a look at the high purity alumina price advancing and FYI Resources. Their only core project will produce the same product as Yendon, recent MOU with Alcoa - currently a $150 M market cap.
Hargraves/Hill End has 1/2 Million ounces in the ground so far, mostly sub 150m deep, they are going to hit that again later in the year after Barbara has investigated. Talking of Barbara, what a gem of a pickup via Greenrock, CSA Global senior and one smart cookie!
Copper Hills, well that is one heck of a mineralised area and I have solid faith in some good drill hits coming this year. Copper a good commodity to be in this year,
A new MD to bring life to these class assets (along with Barbara and co), and to cap it off Canaccord have been appointed corporate advisor just before Christmas, I really like this investment case.
Looking forward to future discussions all.
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