From 121 webpage:
With SM
What is your rationale for attending 121 Mining Investment?
We are looking for on-market support as well as serious investors prepared to invest across a multi-year time frame backing the discovery and development of gold-silver deposits in South Korea.
We are developing 2 new projects in South Korea as well as drilling first class exploration targets: epithermal gold-silver bonanza grade systems in areas that has see little or no drilling.
Want to make a new discovery?
What recent news would you like to highlight to investors attending?
We have been pegging first class exploration targets in the SW of South Korea. Recently we secured tenure over the Deokon Mine: here we see bonanza grade gold-silver on surface in open ended vein systems that have not been systematically explored.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Start drilling the epithermal projects in the SW of South Korea. Development of a maiden JORC resource at the Weolyu project. New discoveries elsewhere.
6 Months:
Report on Feasibility of re-start of mining at the Kochang project (with our JV partner Bluebird Merchant Ventures).
12 Months:
Construction of our first project in South Korea, likely to be ***ong, a major orogenic gold system. First gold pour is targeted for Q4Cy2019.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Key risks: sufficient working capital to do justice to the large target portfolio in South Korea. We are tackling this by bringing in a major Au company to JV into a cluster of our projects and lift our exploration spend 2-3x.
In a sentence, what do you think makes your company such a compelling investment?
We are developing low capital intensity (low tonnage, high grade gold) orogenic gold projects with London listed Bluebird Merchant Ventures to generate cashflow as soon as possible while exploring a portfolio of very exciting epithermal gold-silver targets, some with bonanza grades being returned from surface with the potential for new discovery in South Korea being very high.
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