Luminex's Condor Project Grows to 5+ Million Gold Ounces with Marshall Koval & Leo Hathaway

Published: March 31, 2020, 1:43 p.m.

b'Luminex is exploring and advancing its now 5+ million ounce Condor gold project as well as enjoying the benefit of having BHP and Anglo American create value for shareholders by spending up to US$100M on its projects through earn-in agreements. At Luminex\\u2019s current market cap of only about US$35M, CEO Marshall Koval stated: \\u201cevery CEO will tell you their share price, and their stock, and their company is well undervalued. I\'m telling you that we\'re super undervalued here and it\'s a great investment opportunity.\\u201d

In this interview Marshall elaborates on why Luminex is undervalued and Senior VP of Exploration Leo Hathaway provides a geological update on the Condor gold project and why the company expects the resource to continue to grow.

Mining entrepreneur Ross Beaty owns 19.9% of Luminex Resources and stated in a recent MSE interview: \\u201cyou\\u2019ve got so many shots of big, big value creators in this company, it was a very easy thing for me to participate in. And I think I\\u2019m now the largest shareholder at 20%. I would buy the stock every day if I could. It\\u2019s just a really, really great exploration speculation with multiple assets, any one of which could give you a multiple of where the stock is trading at today. So it\\u2019s cheap, well-managed. It\\u2019s got enough capital to follow its business plan for the year. Those are all things, the things I look for in an excellent speculation and Lumina Gold has that in spades. Luminex has that I would say even more. So that\\u2019s why I\\u2019m an investor.\\u201d

0:15 Introduction
2:15 Luminex provides investors with multiple value-creating projects
5:37 Condor gold project is now over 5+M AuOz (6M AuEqOz)
7:51 Condor gold project has tremendous further discovery potential
9:22 Condor\\u2019s potential to become a tier-one gold project?
13:36 Navigating Luminex forward amid the COVID-19 crisis
15:54 Further expanding upon Condor\\u2019s future discovery potential
19:30 Anglo spending US$57.3M to advance Pegasus A&B projects
21:52 BHP spending US$42M to advance Tarqui copper project

News Releases discussed in this interview:
http://www.miningstockeducation.com/2020/03/luminex-discovers-new-high-grade-area-at-the-camp-zone-including-28-1-metres-true-thickness-of-3-1-g-t-gold-and-68-2-g-t-silver-and-provides-an-exploration-update-on-pegasus-ab/
http://www.miningstockeducation.com/2020/03/luminex-announces-maiden-camp-deposit-inferred-mineral-resource-estimate-of-0-9-million-ounces-gold-and-updates-condor-mineral-resource-estimate/

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