| Ex-CEO of Ivanhoe Mining Joins His NEXT Blockbuster Project The #1 Gold Prime Mining (OTC:EPWMF) (TSX.V: PRYM) Is Bringing A $570 Million Deposit Into Near Term Production… Right as Gold Breaks Out In the last year, the price of gold has increased over $250 per ounce. In June, Paul Tudor Jones told Forbes "if I had to pick my favorite for the next 12 to 24 months, it would be gold." And it's easy to see why. Two weeks after he said that, gold hit a six-year high.
With gold on the upswing, you need to pay attention to the proven winners behind Prime Mining Corp. (OTC:EPWMF) (TSX.V: PRYM). Led by the former CEO of Ivanhoe Mining (TSE:IVN) which has a four billion dollar market capitalization, these aren't some amateurs with a random hole in the ground. These are mining industry veterans with a history of successful exploration and development plays. Click Here for More Information
And they're ready to strike again with a new project: Los Reyes. Their new site has 500,000 tonnes of high grade gold bearing ore, just as a starter pit. And they have 8 to 10 new potentially high grade underexplored targets ready for drilling.
This is a $570 Million Resource already - with major exploration upside in the near term.
In short: these are the right people, with the right project, in the right location, at the exact right time to maximize the potential return on mining gold.
Andrew Bowering, CEO of Prime Mining Corp (OTC:EPWMF) (TSX.V: PRYM), put it a different way: "strong investor interest has resulted in a 45 percent oversubscription of our current financing while a resurging gold price is creating the perfect storm of opportunity to build Prime into a highly successful enterprise…
"Needless to say, our entire team is ready and anxious to begin the next stage of Prime's development."
And that stage starts with Los Reyes, the incredible project in western Mexico that could produce incredible amounts of gold and silver. The Los Reyes Project Contains $570 Million Worth of Gold and Click Here to View us on Yahoo Finance
There are thousands of mining properties out there. What does that mean?  These are existing, high grade resources on a site with hundreds of drill holes already and plenty of room for exploration. Prime Mining is Prepared to Bring This Project to Production in 2 Years Most gold projects take a decade or more to complete. From the initial exploration, to acquiring a site, to building infrastructure, these things take time.
But that's why Los Reyes is unique.  Prime Mining has $5,000,000 cash on hand ready to move this project towards production. Sinaloa State, where Los Reyes is located, is a mining-friendly location. And it's ready for approval. Here's what Andrew Bowering, the CEO of Prime Mining, had to say:
"Los Reyes is an exceptional opportunity for exploration and potential development poised to fast-track through a preliminary economic assessment (PEA) with a construction decision based on low capital expenditure and reduced technical risks."
That means this site is ready to go and ready to go at a great price. Some locations are just a pile of dirt that may or may not have gold buried underneath. With Los Reyes, there is a clear and immediate pathway to becoming a real, operating mine.
Los Reyes is special. Prime mining is special. And it all is coming together at the perfect time.
Gold is Poised For A Massive Breakout, Which Benefits Juniors Most
It doesn't take a market genius to recognize that we're in the middle of a massive breakout. Gold prices rose steadily over the summer and now hover around $1,500, and that's not the end of the story. Many experts are predicting a massive boom in gold prices.
Juan Carlos Artigas, the director of investment research at the World Gold Council (WGC) thinks that even at recent highs, the momentum behind gold remains strong. "Risk and uncertainty remain elevated and in an environment with low opportunity costs, gold will continue to be an attractive asset to own."
 In other words, when people don't know where to turn, they turn to gold. It's as predictable as the sunrise. And right now, a lot of people don't know what to expect from the markets. Prime Mining Corp on Yahoo Finance Jeffrey Pontius, CEO & President & Director of Corvus Gold, recently spoke to Kitco News at the Precious Metals Summit. "Juniors have yet to get the same lift that the majors have," he said, "but it's coming… When you have a healthy gold environment, it's a great way to go in and deliver for the shareholders." Prime Mining Corp. (OTC:EPWMF) (TSX.V: PRYM) Is Undervalued, Even Against its Peers  The chart above says it all: no peer even comes close to comparing to the upside value of Prime Mining Corp (OTC:EPWMF) (TSX.V: PRYM) .
And while those other companies are all over the map in terms of preparedness, Prime Mining is ready to bring this project to production in two years. That means this is the time to start watching Prime Mining before other investors crack the code.
$20 an ounce would be an incredible value for any company. But none of those competitors have the experience and background of the Prime Mining team.
Prime Mining Corp (OTC:EPWMF) (TSX.V: PRYM) Pairs the Former CEO of Ivanhoe and Innovators and Founder of Millennial Lithium
Mining isn't for the inexperienced. Fortunately, the team behind Prime Mining is filled with industry veterans.
These are the best and brightest the mining industry has to offer, and they're teaming up because of just how special Los Reyes is as a project.
The project's leader is Daniel J. Kunz, the former CEO of Ivanhoe Mines, Ltd. and the founder and CEO of US Geothermal Inc. He's a professional engineer with over 30 years of experience in mining, construction, and financing of global resource projects, and he's got a history of proven winners.
Next up, CEO and Director Andrew Bowering. He's a venture capitalist with 30-years of experience as owner and operator of drilling companies, and he's been a leader in worldwide mineral exploration and development. Andrew also founded and funded Millennial Lithium Corp. (TSX-V: ML), a stock that climbed from ten cents to over $4.80 per share.
Also, from the Millennial Lithium group is Prime Mining's VP of Capital Markets, Alex Langer. He was the head of capital markets with Millennial, and he's a successful public markets specialist with over 15 years of experience in all aspects of equity financing.
Gregory K. Liller, COO and Director is a mining expert. He has over 40 years of experience in mineral exploration and mine development. He played a key role with seven projects which became active mines, and in his career, he's managed exploration and development of over 11 million ounces of gold and 600 million ounces of silver!
Paul Larkin, the Director of Prime Mining, brings 35+ years of experience leading New Dawn Group Investment. He's also served as an investment banker, and as a director and officer of TSX, NYSE, and TSX Venture Exchange listed companies.
Simon Anderson, CFO, is a Chartered Accountant who has extensive experience in financial reporting, corporate finance and management. He's been a director or officer in several companies, both in the U.S. and Canada.
Prime Mining Corp on Yahoo Finance
5 REASONS To Pay Attention Today
Why Prime Mining Corp. (OTC:EPWMF) (TSX.V: PRYM) is the Junior miner best-positioned to take advantage of a gold breakout with huge growth.
1) $570 million in gold and $185 million worth of silver
Prime Mining has acquired Los Reyes, a unique site in a mining-friendly region of Mexico. Engineers have already spent tens of millions of dollars exploring and engineering the area, and have determined roughly 500,000 ounces of gold and almost 10 million ounces of silver exists. These high-grade resources are on a unique site with hundreds of drill holes and expansive potential for further exploration.
2) Easy road to production in two years
No need to wait with a site like Los Reyes. The site has 493 holes drilled and 46,000 meters drilled. Prime Mining is prepared to bring this project to production in two years, and is on a clear and immediate pathway to becoming a real, operating mine.
3) Gold is on the verge of a massive breakout, which benefits junior miners most
Because of the uncertainty and risk in the stock market right now, gold is poised for a massive breakout. It grew consistently this summer and now hovers around $1,500, but some experts believe it could jump to $1,900 in the future. If that happens, junior miners like Prime Mining will be the biggest beneficiaries, reaping huge rewards from the growth in the market.
4) Prime Mining is severely undervalued compared to its peers
None of Prime Mining's peers even come close to matching it in the value department. While others are priced at $50… $75… even $100 or $200 enterprise value per ounce, Prime Mining is working at $20 per ounce of gold. And few if any of those companies are ready to bring gold out of the ground in two years.
5) The team behind Prime Mining are proven winners with decades of experience
The team behind Prime Mining is a joint venture between the ex-CEO of Ivanhoe Mines and two of the experts behind Millennial Lithium Corp. (TSX-V: ML). And that's just the start. This is a team of proven winners with 100s of years of combined experience.
Undervalued and ready to move, Prime Mining (OTC:EPWMF) (TSX.V: PRYM) is set to take a $570 Million deposit into near term production… right as gold breaks out. |
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