CRUX sat down with Darren Klinck, President and CEO of Gold Developer, Bluestone Resources (TSXV: BSR). They have the Cerro Blanco project in Guatemala which was originally developed by Goldcorp. Acquired in 2017, to date it has had $170m of underground spent. They are currently putting the project finance together. Their Feasibility Study shows 34% IRR. Producing 146,0000z a year for first three years driving early cashflow. Cerro Blanco will generate more cashflow than its current enterprise value in the first year of production and it is fully permitted. Now they are focused on identifying the best finance solution for this project.
Interview highlights:
- An Overview of the Company
- Guatemala and the Jurisdiction
- Promotion and Markets: Why Aren’t People Paying More Attention to the Company and Who Will Be the Winners in the End?
- Shareholders: How Are Institutional Investors Affecting Liquidity?
- Company Financials: Project Finance, Free Cash Flow Generation
- Management Team and Board Remuneration
- Inherited Infrastructure and Assets
- Company Vision for the Future
Click here to watch the video.
Company page: https://bluestoneresources.ca/
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