Luminex's Condor Project Grows to 5+ Million Gold Ounces with Marshall Koval & Leo Hathaway


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Luminex is exploring and advancing its now 5+ million ounce Condor gold project as well as enjoying the benefit of having BHP and Anglo American create value for shareholders by spending up to US$100M on its projects through earn-in agreements. At Luminex’s current market cap of only about US$35M, CEO Marshall Koval stated: “every CEO will tell you their share price, and their stock, and their company is well undervalued. I'm telling you that we're super undervalued here and it's a great investment opportunity.” In this interview Marshall elaborates on why Luminex is undervalued and Senior VP of Exploration Leo Hathaway provides a geological update on the Condor gold project and why the company expects the resource to continue to grow. Mining entrepreneur Ross Beaty owns 19.9% of Luminex Resources and stated in a recent MSE interview: “you’ve got so many shots of big, big value creators in this company, it was a very easy thing for me to participate in. And I think I’m now the largest shareholder at 20%. I would buy the stock every day if I could. It’s just a really, really great exploration speculation with multiple assets, any one of which could give you a multiple of where the stock is trading at today. So it’s cheap, well-managed. It’s got enough capital to follow its business plan for the year. Those are all things, the things I look for in an excellent speculation and Lumina Gold has that in spades. Luminex has that I would say even more. So that’s why I’m an investor.” 0:15 Introduction 2:15 Luminex provides investors with multiple value-creating projects 5:37 Condor gold project is now over 5+M AuOz (6M AuEqOz) 7:51 Condor gold project has tremendous further discovery potential 9:22 Condor’s potential to become a tier-one gold project? 13:36 Navigating Luminex forward amid the COVID-19 crisis 15:54 Further expanding upon Condor’s future discovery potential 19:30 Anglo spending US$57.3M to advance Pegasus A&B projects 21:52 BHP spending US$42M to advance Tarqui copper project News Releases discussed in this interview: TSXV:LR OTC:LUMIF Sign up for Luminex’s email list: Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: Luminex Resources is an MSE sponsor. The forward-looking statement found in Luminex’s most-recent presentation applies to the content of this interview. The content found on is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. Please visit our website for our full disclaimer.

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