Interview with Akiba Leisman, CEO of Mako Mining Corp. (TSX-V: MKO)

If you want our take on this interview and Mako Mining, go to https://cruxinvestor.com/club

Their Mineral resource numbers came out this week. The market was unsure what to make of them but we see this as a real positive step by the 'new' management team to rectify some of the misstatements of the previous management team. Leisman and the Board are to be commended. They intend to pour the first gold in early Q1/21. The resource is currently small and they are chasing high-grade veins which can be expensive, but they intend to give guidance on costs as they continue to build out their exploration programme. At a projected 40,000oz, Mako's market cap of C$185M is up there and they will need to backfill that with production and increased resource. But we are impressed with the new approach to reporting and now it is up to them to get the mill running at capacity. That will take some time but they know what they are doing, so it will come down to what they find underground.

We Discuss:

  • Company Overview
  • Progress Report: Pour Date Reset, Raise $20M, & High Grade Found
  • Reality VS Exaggeration: What Did Institutions Buy Into?
  • New Resource Estimate: Process, Dilution, Timing
  • Concerns Over Scale & Exploration
  • 40koz & $185M Market Cap: Development of Valuation
  • Company Financials: Burn Rate & Cash Flow
  • Legacy Issues VS Opportunities & Potential Upside
  • Long Road Ahead, No Second Chances: Plan & Timeline
  • Acquisition of Potrerillos Concession & Plans for it
  • Mining in Nicaragua & Safety of Jurisdiction

Company page: https://makominingcorp.com/

Explore More Here: https://cruxinvestor.com

Join our Club's waitlist: https://cruxinvestor.com/club

For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:

https://twitter.com/cruxinvestor

https://www.linkedin.com/company/crux-investor/

https://www.facebook.com/cruxinvestor

If you got value from this interview, please subscribe.

Disclaimer: https://cruxinvestor.com/disclaimer