Golden Cariboo Resources
Primary tickers: CSE: GCC
Stage of development: Exploration
Primary minerals: Gold
Projects to promote: Quesnelle Gold Mine Project
Project locations: Canada
Website: goldencariboo.com
Management has previously put 2 gold mines into production including one discovery, Last company acquired for $330 mil. 6mil oz/Au. Large scale production 3rd quarter, 160k per/yr. Management focused on another new discovery 70kn north of previous discovery along a greenstone contact. Very promising early results.
Cash: CAD$1.5 mil
Debt: Nil
Major shareholders:
Frank Callaghan – 22%
Gold Digga – 10%
Management ownership 5%
Financials
Management Profile
Frank Callaghan, President and CEO. Previously founder, President and CEO OF Barkerville Gold Mines 22years. Has put 2 gold mines into production one from discovery and the 2nd purchased out of recivership. Barkerville purchased for $330. Mil. Former shareholders receiving. $0.24 yearly dividend. Now reporting 6mil oz. Large scale production to commence this year at 160k oz/Au per year
New development
What is your rationale for taking part in 121 Mining Investment?
New developments, new company expand shareholder base, former company primarily financed in the UK. Planning on another raise.
What recent news would you like to highlight to investors attending?
The last one
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Expand new discovery
6 Months:
Continue drilling
12 Months:
Preliminary resource estimate
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Forest fires
What do you think makes your company such a compelling investment?
Management’s success
What are the top 3 key investor takeaways?
Top management, discovery made, favorable mining jurisdiction