Goldplay Mining

Financials:

Primary ticker: TSXV:AUC.V
Stage of development: Exploration
Primary minerals: Copper, Gold
Project location: Portugal
Website: goldplaymining.ca

Goldplay Mining is a new TSX:V company with a portfolio of copper and gold properties in Portugal, a jurisdiction which is highly prospective with excellent infrastructure, and wishes to develop inductry. On a broader level, Goldplay sees an opportunity to expanding into southern Europe at time when the EU must become less reliant on the Russian resource giant.
 

Cash: CAD$1.1M
Debt: NIL

Major shareholder:

Management Ownership – 7.8%

Management Profile

Chris Osterman – President and CEO
Chris Osterman, PhD Geology. With a PhD (Geology) from the Colorado School of Mines, Chris Osterman is an Exploration Strategist with over forty years of experience in all stages of the mining industry thorough out Africa, North and South America, and Asia. Chris has enjoyed key roles in the reconnaissance and initial discoveries of the Malku Khota silver deposit in Bolivia (370 Moz Ag), the San Jose silver and gold mine in Oaxaca, Mexico (84 Moz Ag equivalent), and the Zuun Mod copper/moly deposit in Mongolia (273 M lbs Mo/ 330 M lb Cu). 

What is your rationale for taking part 121 Mining Investment?

Our goal is to become the leading junior explorer in Europe, we are just starting, and see a tremendous upside. As resource nationalism, indigenous rights and permitting difficulties grow in the Americas, the European Union will demand a reliable source of metals not subject to long permitting times and political unrest.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Advance exploration in Portugal

6 Months:

Acquire significant mineral assets in southern Europe

12 Months:
Multiple drilling programs to outline resources

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

General recession obviously affects metal prices, yet it also presents tremendous acquisition opportunities that do not exist in a metal price boom cycle.

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

Goldplay is new, we have experienced technical management with a discovery history, a good Portuguese property portfolio to advance and opportunities in a highly prospective part of Europe with superior infrastructure.

What are the top 3 key investor takeaways?

Europe, High discovery potential, Skilled management team