16-Sep-2024: I got a link to this interview in my inbox this morning from East Coast Research (ECR), which is associated with Shares in Value, who I gave a try last year and have not renewed, but they keep sending me stuff anyway.
Interview with George Sakalidis from Magnetic Resources (ASX: MAU) [12-Sep-2024]
I spoke about George and his company MAU here last week: https://strawman.com/forums/topic/4503#post-29468 and why I won't hold them now that he's shown how inept he is.
Here's ECR's speil on MAU in their email today:
Magnetic Resources boasts the second-highest grade open-cut gold deposit in WA for over 1 million ounces at its flagship Lady Julie North Gold Project.
Throughout the discussion, George outlines Magnetic Resources' promising growth trajectory and strategic initiatives:
- Significant resource expansion potential at the Lady Julie North Gold Project, with ongoing deep drilling supported by high-grade deposits and updated metallurgical studies.
- Strategic opportunities for mergers and acquisitions with nearby processing plants operating below capacity, positioning Magnetic Resources to leverage existing infrastructure and expedite production.
- Impressive financial growth with an increased net present value (NPV) of the Lady Julie Project from $547M to $925M, driven by favourable gold prices and robust economic indicators.
Explore Magnetic Resources' strategic plans, market positioning, and exciting opportunities.
- 00:54 Can you provide our investors with an overview of Magnetic Resources including your company history and provide details about its gold resources, their grade confidence, and especially focusing on your flagship Lady Julie Gold Project?
- 03:23 The Lady Julie Gold Project shows strong performance in key economic indicators compared to its peers and performs at either the top or close to the top compared to their peers across Australian gold projects that are in the feasibility stage. What factors contribute to this success, and are there risks that could affect these metrics?
- 06:02 Beyond financial benefits, how does the project’s location near other major deposits and proximity to well connected infrastructure enhance investment potential? Can you discuss any M&A discussions?
- 08:23 Recent economic studies significantly increased the NPV of the Lady Julie Gold Project from A$547M to A$925M. Can you discuss the factors which contributed to this increase, especially in light of current spot price of gold hovering around $3700 per oz.
- 09:58 The short-term view for gold prices looks good, with interest rates set to enter an easing cycle later in the year, and the USD showing signs of weakening, because both of those are traditionally related to further increases in gold prices. But what is your view of where gold will end up over the medium term?
- 11:20 Our comprehensive research report on Magnetic priced the company between $2.18 and $3.35. With the stock currently trading at around $1.40 this should make the stock an attractive buying opportunity. What are the catalysts that will bridge this gap between share price and valuation?
