“We'll Have the Largest Silver Resources of Any Company on the Planet”: Ross Beaty on Lumina Metals
Mining Stock EducationShow Notes
Bill Powers interviews mining legend Ross Beaty, joined by investor Gianni Kovacevic, about Beaty’s Lumina “franchise” history of acquiring and monetizing large undeveloped deposits and the new IPO, Lumina Metals (TSX: LMCU). Beaty describes the company’s copper-silver discovery in Poland as potentially the world’s largest undeveloped copper-silver deposit, with over 1 billion ounces of silver resources and about 10 million metric tons of copper, plus a second target that could lift silver resources above 2 billion ounces. They discuss the April 30 IPO, a five-year path to mining license approval, strong infrastructure and workforce, proximity to an underfed smelter and a cooperation agreement with KGHM, Poland’s high copper tax and plans to reduce it, reasons for post-IPO share volatility, and intentions to pursue a U.S. listing after 12 months.
Ross Beaty stated: "So it's a global scale deposit; more than a billion ounces of silver in resources, about 10 million metric tons of copper in resources…So these are giant deposits…Another discovery we made, and we're going to be servicing value on that one. Maybe it will be the same size as Nowa Sól, which could take our silver resources to over two billion ounces. So that's pretty exciting. I think together right now they're about one and a half billion [ounces] between the two deposits. So it's absolutely world-class. However you cut it, we'll have the largest silver resources of any company on the planet, I think, and that will command a premium valuation once we get into that silver retail crowd who I know so well from having founded Pan American Silver"
00:00 Intro 00:46 Meet Ross and Gianni 01:36 Why Lumina Matters 02:54 Lumina Franchise Origins 05:12 Poland Copper Silver Breakthrough 07:58 IPO Timing and Advantages 10:42 Smelter Deal and Infrastructure 13:12 Poland Taxes and Royalties 14:12 IPO Price Action Explained 17:26 US Listing and Silver Upside 19:25 Exit Paths and Lassonde Curve 22:27 Wrap Up and Disclaimers
https://www.luminametals.pl/ TSX: LMCU
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This was not a sponsored interview. The forward-looking statement disclaimer found in Lumina Metals’ most-recent company slide deck found at https://www.luminametals.pl/ applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy shares of any company featured on MSE, you should, for your own protection, assume MSE’s owner is personally selling you those shares. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/
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