Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Investment Highlights:
• A new zone of molybdenum mineralization has been
identified 500 meters from the current NI 43-101 resource.
• Hole BD-10-61 intersected molybdenum mineralization in
several intervals from near surface to a vertical depth of
approximately 350 meters including 44.8 meters grading
0.04% Mo and 58.1 meters grading 0.04% Mo.
• Recent drill results show that mineralization is not
constrained to alaskites on the property and includes
potential silver credits.
• We believe the recent discovery provides the opportunity
to potentially increase NI 43-101 resources on the Lone
Pine property close to the existing resource.
• Ideal infrastructure including an all weather highway, a
natural gas pipeline, major hydro power transmission line
and transformer substation, and CN rail line sits within
close proximity to the project site.
• We maintain our valuation at $0.35 per share.
To view full report, click here
