I met with Patrick McGrath, CEO of Blue Moon Zinc (TSX-V: MOON) to discuss his two very interesting metals mine projects.
We discuss a very interesting polymetallic project in California containing good amounts of zinc, copper, gold, and silver.
About 50% of this project’s value is in the base metals, and 50% in gold and silver. The demand growth projects for all four metals are very robust for the next 5-10 years.
This project is characterized by millions of dollars of past work by some well known names, a stable mining district, good resource, in-place infrastructure, and sold management ownership.
The company conducted a drilling program in 2018-2019 and found very favorable results. They plan on doing additional drilling on a potential second vein of minerals that could lead back to the same source as their main vein.
The company also has a second polymetallic project in Canada that also has history of past geological work, and is very near a mine owned by Glencore.
Most investors and analysts believe that multiple project companies have much higher ceilings than those with a single deposit.
In this case, Blue Moon is also undervalued against its peers, and is therefore has a lot of value to be unlocked as they define their resource.
For more information on the company, please see their website:
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