Mundoro Capital

Financials:

Primary ticker: TSXV: MUN, OTCQB: MUNMF
Stage of development: Exploration
Primary minerals: Copper and Gold
Project to promote: Borsko Project
Project location: Serbia
Website: mundoro.com

Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.

 

Cash: CAD3.3M
Debt: NIL

 

Major shareholders:
Sprott
Adrian Day Asset Management
Altius
Equinox Partners
Donald Smith & Company
Management Ownership – 7%

Management Profile

Teo Dechev – CEO & President, Director
Ms. Dechev has diverse experience in the minerals sector which is uniquely positioned to bring value to Mundoro Capital. She brings both a technical understanding of the key issues in our sector through a solid foundation of a Geological and Mineral Engineering Degree as well as the practical understanding of the challenges facing exploration and development companies through extensive capital markets experience and hands on management experience.

What is your rationale for taking part 121 Mining Investment?

Increase retail and institutional investor awareness.

What recent news would you like to highlight to investors attending?

Up to 17,000 meters of drilling scheduled for 2023

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Drilling completion for SouthWest Minerals project.

6 Months :
Additional drilling on 2 other projects.

12 Months:

Complete up to 17,000 meters of drilling

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

One challenge we face is familiarizing the market with the royalty generator model. It’s a unique model that gives shareholders tons of downside protection since the exploration expenditures are fully funded by our partners (BHP, Vale, JOGMEC, Kinross). In addition, the sheer number of projects, revenue projections, and the 17,000m+ of drilling in 2023 provides shareholders with significant upside potential.

What do you think makes your company such a compelling investment?

We have up to 17,000 meters of estimated drilling scheduled for 2023. We work with some of the biggest major mining companies in the world, including Vale, BHP, JOGMEC, and Kinross. We are estimating approximately 2-2.5 million in operator fees and option payments in 2023.

What are the top 3 key investor takeaways?

Up to 17,000 meters drilling estimated in 2023.
Mundoro’s exploration expenditures are fully funded by our partners (BHP, Vale, JOGMEC, and Kinross) so the risk of dilution to shareholders are reduced significantly. Operator fees and option payments are estimated to be between $2-2.5M in 2023.