Luminex Resources Is My Favorite Prospect Generator In The Copper And Gold Space

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About: Luminex Resources Corp. (LUMIF), Includes: AAUKY, FQVLF
by: Gold Panda
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Gold Panda
Gold, long only, Deep Value, long-term horizon
Summary

Luminex owns the 3.9-million-ounce Condor gold project in Ecuador.

The company has also secured up to $82 million in exploration commitments and up to $14 million in cash payments on several early-stage projects.

Luminex is run by the team behind the Lumina Group, which had returned over $1.4 billion to shareholders with only $170 million invested as of 2014.

Investment case

Luminex Resources (OTCPK:LUMIF) is an Ecuador-focused prospect generator specializing in gold and copper which holds the 3.9-million-ounce Condor gold project. The company also has secured commitments from First Quantum (OTCPK:FQVLF