Investment case
Luminex Resources (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 (FQVLF) and Anglo American (AAUKY) worth $96 million at four early-stage properties. Luminex is led by the management team behind Lumina Copper, which successfully followed a similar strategy for copper and was sold for C$470 million in 2014.
With a market capitalization of below $20 million, I think that Luminex is very undervalued.
How it all started
Luminex