Within the mining industry, there’s sort of two classes of management teams. There’s those that move slowly, are calculated, and generally take a long time to get things done, but they focus on perfecting every angle. They want the biggest resource possible before moving forward, no matter how expensive the exploration program may be.
Then there’s the class of management teams that would prefer to get a move on with things, who are more focused on the end goal: production. They’ll whip through the exploration stage and stick around only long enough to get the basic resource needed to put something into production, with the intent of conducting further exploration using free cash flow from operations once minerals are coming out of the ground.
In the case of the former, they typically have their eyes on BIG mining operations, pulling hundreds of thousands of ounces out of the ground annually. In the case of the latter, they are typically more content with say 50,000 ounces of gold production a year, so long as it means the cash is flowing.
Of course, we’re talking about real mining companies here, and not the countless lifestyle management teams that exist out there.
In any case, G Mining Ventures (TSX: GMIN) doesn’t really fit either of those molds, as demonstrated by a feasibility study they released this week on their Oko West project in Guyana.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
