Dean Pekeski is the man who will take American Critical Minerals from its brownfield status into an operating potash, lithium and bromine mine.
A genuinely brilliant person who understands Utah's Paradox Basin more than anyone alive.
At a $20M market cap, $KCLI.CN is primed.
EDM Resources will one day be a significant producer with a portfolio of assets
Why do I believe this is true?
Its in the name:
EDM = Explore Develop Mine
The company's goal is to explore, develop, and mine resources.
They have already proved their ability to do this:
Since the current management came into the picture they have increased the project's resources by roughly 200%, the lead and zinc portion by 105%, as well as adding 5Mt of premium, high grade gypsum that can be mined concurrently to the base metals, as it doesn't require mill processing, it is just pure free cash flow on top
They did all of this without any new drilling. That's amazing. And it shows the management is intelligent and strategic and unconventional.
They aren't preoccupied with one single mineral, they are focused on value.
The management doesn't take large salaries
They included a silver royalty sale with upfront cash to avoid some dilution
Secured cash payment for gypsum upfront to avoid some dilution again
Post DFO permit, by early next year they could be/will be mining and producing enough cashflow to pay back their capex in 6-12 months.... then its just pure profit.
I believe what comes next after that cashflow is rapid growth.
EDM Resources will continue to EDM resources.
It's not EDM Resource, it's ResourCES
What will they be able to explore immediately?
Well they are already exploring their gold potential (see my previous posts), but with cash from production that exploration will be accelerated and a gold resource will likely be established, potentially blowing the current NPV out of the water, as we know the lead concentrates were assayed at 150g/t gold, suggesting a meaningful 1-3g/t in the raw ore itself.
They have their satellite resource targets of Carols Corner and Eastville, these can be drilled out and added to the resource, increasing the mine life
They almost certainly have more high grade gypsum, likely 100s of millions of USD of it, as the current gypsum is merely from the lead zinc overburden, but their land package is large, and gypsum, being an evaporite, is deposited in large continuous seams, like potash, as it is an old sea bed which experienced repeated flooding and evaporation to form, its not a localized mineral injection.
Their current land holdings have the potential for a generational mine.
And after these easy targets the company can continue expanding outward in acquisition and exploration, especially in Nova Scotia's untapped and blossoming mining industry.
But most importantly for us investors is CEO Mark Haywood, mining engineer and lawyer by education, former chief operational manager and general manager for AngloGold Ashanti, Gold Fields, IAMGOLD, BHP, Ivanhoe by profession.
He is the one unlocking the value, and his past experience is where he got his vision
The approach of this company/management together with its polymetallic multi-mineral resource reminds me of $nicu Magna mining - great management, diverse resources, hub and spoke potential
What's my price target? For me there is no target, this is management that I want to own long term so they can keep making me value.
As always, no stock is without its risks, but at the current 35-40m Mcap, the risk versus reward here is very asymmetric in my view
EDM Resources isn't just a name, it's an algorithm
$EDM.v $glen $teck $nexa $zinc $lead $silver $gold $gypsum #criticalminerals
$FOR.V #JMPTracker
Goldfields is a well-understood, infrastructure-rich project in a stable jurisdiction that was nearly ready for production in 2007. Project economics have significantly improved.
Conservative burn rate and keeping clean share structure during the downturn.
@juniorminingpro I used to work as an officer on the QM2 and attending the black tie dinners with the passengers was obligatory. I met some very successful people on them.
$EQTY.v - Equity Metals Corp
Bullish hammer in the making, into a updated MRE drop around the corner and a new bullperiod for #Silver.
The past weekly cycles?
+128.07% in 35 days
+255.98% in 91 days
+162.04% in 83 days
+86.47% in 70 days
+101.41% in 112 days
+72.15% in 42 days
+287.53% in 84 days
Average gain: +156.24%
Average time: 73.9 days
Note: These moves happened after $EQTY.V dropped around -40% during the downturns.
This recent drop was -60%.
See you above $0.600 in 2-3 months.
Now: $0.290.
That’s my bet.
#SILVER
My top 5:
1. SSV: a new MRE in weeks, a new PEA in Q3
2. FRED: PEA in Q3, assays in june!
3. PEX: A new major shareholder/8 million💵 and their drilling program is planned for this summer/ridiculous valuation
4🚨GSVR: integration of Bollanitos!💵
5. MOG: soon more drillresults!🚀