Mako Mining Corp (OTCPK:MAKOF)
$ 2.471 0.021 (0.86%) Market Cap: 158.76 Mil Enterprise Value: 162.61 Mil PE Ratio: 15.51 PB Ratio: 5.64 GF Score: 55/100

Mako Mining Corp Red Cloud Pre-PDAC Mining Showcase Transcript

Mar 31, 2020 / NTS GMT
Release Date Price: $2.5 (-2.91%)
Akiba Leisman
Mako Mining Corp. - CEO

Hi, my name is Akiba Leisman, I'm the CEO of Mako Mining. So we are in the process of building what we think is going to be the highest-grade open pit mine in the world. In fact, we started mining on our project eight days ago. The plant that we are building is just over 50% complete. We're going to start cold commissioning it, sometime early this summer, first quarter or late summer, but that's not the only thing that we're working on in Nicaragua right now.

So our first objective is to build what will be a 500 tonne per day operation and we're well on the path of completing it. But we're also focused on a rather aggressive exploration program directly to the south of this mine with the intent of proving out a resource, such that we can define integrated economics at 1,000 tonnes a day by next year and then to begin mining it at 1,000 tonnes a day in 2022. And I'll go over later in this presentation. Some of the hits that we've had on that new discovery.

And then thirdly, what we think we actually have on this property is unlike other types of geology

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