Amarillo Gold (AGC/ ACGBF). New Management team; restructured balance sheet. Two Robust assets: Mara Rosa, a past producing mine in a mining friendly town 35km from Lundin Mining. AT IRR of 51%, 1.yr. payback; AISC $655/oz @ $1300 gold. Lavros do Sul project: potential game changer- intercepts include: 120m @ 3.23 g/t and 232 m @ 1.95 g/t. Continued drilling results and Feas released in Jan/2020 should allow a re-rate. AGC has their main permit – now working on the construction permit – expected to be granted early 2020. Restarted operations after a 6 year hiatus. At the inflection point. Drilling in December/19 should also ignite excitement. Lack of marketing and recent turnaround: AGC remains under the radar. Now marketing with fresh capital. New CEO: Mr. Mutchler, a 5th generation miner. Fully funded to construction.
Mike Mutchler – CEO
Mr. Mutchler is a 5th generation miner. Began his career at Homestake: 20 years at Asarco; was a partner with Whittle Consulting; the COO for Rainy River; the COO for Largo Resources, in Brazil; worked at the Paracatu Mine for Kinross in Brazil. Mike is a Mining Eng., an MBA.
What is your rationale for attending 121 Mining Investment?
New developments to demonstrate to the market as the company has been dormant and under the radar for many years – and why the company is a strong value buy. Funded to construction, however construction is right around the corner.
What recent news would you like to highlight to investors attending?
We had a recently heavily oversubscribed bought deal that allows us to fund our project to construction and drill to re-rate the company. Amarillo is a turnaround that the the street is currently missing. Expect this to change when we start drilling on exciting targets and advance our Mara Rosa project: Feas expected in Dec/Jan 2020 and construction license in April. A massive inflection according to investors should transpire.
What are your key goals for the next 3, 6 and 12 months?
Drill attractive prospects, press release the Feasibility Study and restart Marketing in earnest .
Press release the Construction Permit and Financing for the Capital Expenditures for Mara Rosa. Press release drill results for both Mara Rosa and Lavras so Sul.
Commence construction on Mara Rosa; Potential JV partner on Lavras so Sul.
Expecting to under promise and over deliver to increase our share price and make our shareholders money as we expect an incredible rerate.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key asks are that funding dries up if the gold market turns south. Our prefect offers an /T IRR of 23% at $1000 gold. We are getting a good reception already for construction financing.
In a sentence, what do you think makes your company such a compelling investment?
Mara Rosa, a past producing mine in a mining friendly town 35km from Lundin Mining. AT IRR of 51%, 1.yr. payback; AISC $655/oz @ $1300 gold. Lavros do Sul project: potential game changer- intercepts include: 120m @ 3.23 g/t and 232 m @ 1.95 g/t. Continued drilling results and Feas released in Jan/2020 should allow a re-rate. We have done minimal marketing – so this is an opportunity for those who take the time and have an eagle eye to listen to our story. Need more detail? Best, Karen 1 416 230 6454 firstname.lastname@example.org