Making a company a going concern is a matter of long hours, personal sacrifice and quite a bit of luck and timing. The old phrase “when the stars align” often also applies. When all these factors come together, a solid revenue producing company is established. Those who have put the equity into the venture are rewarded with exceptional profit and (what an early stage investor is interested in) building a going concern. Being an investor right from the get-go may not be for all investors, but for those who want a ground floor opportunity to satisfaction and profit, there is no better way to go.
SAMEX Mining Corp., a junior mining exploration and development company, works to discover and exploit minerals primarily in Chile and Bolivia. The company is currently exploring for gold, silver and molybdenum, and has established a presence in its two countries of interest, negotiating favorable terms in both. It holds 100% interest in its Chile properties and a 99% interest in its Bolivian properties. At present, the company is drilling test holes at both locations with positive early-stage results. Both properties are progressing on schedule and to expected results.
Given the fairly large nature of the company’s two primary projects, there has been mention of joint venturing to accelerate operations at both locations. This option is still under consideration as the company digests its recent private placement of approximately $1.5 million USD. As of the second quarter 2008, the company is relying on its ability to test for positive results and the inherent value of those results to support further exploration. The region in which the company is working has a historically high concentration of gold, silver and molybdenum, which has been borne out by current testing. All that needs to be accomplished going forward is to quantify deposits and extract the results.
Although gold and other precious metals have been at the mercy of oil and the US dollar of late, the long term prognosis of the metals seems assured as global economic conditions begin to become a bit marginal over the next several years. Ultimately, SAMEX Mining’s timeline may be suited to placing it in a solid position to benefit as metals pricing increases with global demand in future quarters.
Let us hear your thoughts below:
