McEwen Mining has a gold and copper play that is very undervalued. On the gold mining operations they are making big efforts to turn around the economics. In addition, they are spending plenty of money on gold exploration. At their projects in Timmins, I believe they could have a Red Lake style deposit below their current mine. Rob McEwen ran GoldCorp when it found the Red Lake mine and built it, he is no stranger to these kinds of extreme high-grade gold mines that are low cost operations.
At their copper asset, they have one of the top 10 undeveloped copper projects in the world. Which also falls in the bottom quartile of costs of production. Big and low cost copper assets are on the buying list of majors hungry for copper mines to meet the demands coming from the industrialized world, developing world and the electrical car revolution.
Allan Barry Laboucan is the CEO of Advance Lithium Corp.
www.advancelithiumcorp.com
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3 Comments
It's a real tribute to this channel that it can bring us interviews with heavyweights like Rob and Ewan Downie. You certainly deserve more subscribers.
I have always admired how Rob is consistently the lead order on fund-raising and puts his own money where his mouth is.
The market is coming around to value copper assets now with both Rio and BHP on the prowl and this investment by Rio is a massive vote of confidence.
Rob also makes a compelling case for the low valuation and the potential for considerable upside is obvious.
Many thanks.
It 's easy to tell we gain 10 dollars a share with the copper mine when you do a reverse split before. A lot of people did buy at 50 per share.
Very good!