Shell built this mine into Chile's third-largest gold producer in the late 1980s.
They extracted over 398,900 ounces of gold and 2.2 million ounces of silver before gold crashed below $400 and they walked away.
But they left behind something remarkable.
A 3,000 tonne-per-day mill. Power connected to the grid. Water permits. Year-round road access. Camp facilities. $175 million worth of infrastructure that most juniors spend a decade and hundreds of millions trying to build.
The gold never left. It's still in the ground. 2.18 Million indicated & 557,000 inferred gold-equivalent ounces. confirmed by an updated NI 43-101 resource estimate.
Now one company is bringing this mine back online just as gold approaches $5,000 per ounce.
The production target is 2027. Not 2030. Not the next cycle. Eighteen months from now.
The stock trades at roughly $77 million market cap. That's less than $30 per ounce when the industry rule of thumb values development ounces at $100.
Rob McEwen, Crescat Capital, and Paul Matysek are already positioned. The CEO has $10 million of his own money in the deal. 38% of the shares are held by insiders and strategic investors.
The smart money found this story early. The question is whether you'll look before or after the re-rating happens.
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