Today we sit down with Jesse Liu Ernsting of G Mining Ventures. G Mining is nearing the completion of their Tocantinzinho mine in Brazil and has recently acquired the Oko West Project from Reunion Gold in Guyana. Jesse shares her journey from consulting engineering to capital markets and finance, eventually joining G Mining Ventures. She details the Tocantinzinho project, highlighting its acquisition from Eldorado Gold in 2021 and its promising open-pit mining potential.
Jesse discusses the similarities between Tocantinzinho and other successful projects led by the G Mining team in high-rainfall, forested environments, such as Fruta del Norte and Merian. With over 2 million ounces of reserves, Tocantinzinho is expected to start gold production soon, with a payback period of just over two years at a conservative $2,000 gold price.
Steve and Jesse also talk about the recent acquisition of Reunion Gold’s Oko West project, which shares similar geological characteristics with Tocantinzinho. Jesse emphasizes the importance of social programs and environmental initiatives in Brazil, including reforestation and local community support.
The episode wraps up with insights into market capitalization, debt, cash reserves, and the anticipated free cash flow from these projects. Jesse reassures that many initial challenges have been overcome, and G Mining is well-positioned for future success. Contact G Mining by email here: Info@GMin.Gold Website: [ Ссылка ]
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Chapters
00:00 Intro
2:22 Tocantinzinho Project
6:30 Financials & Payback
9:22 Institutional Ownership
11:50 Local Politics
15:20 Tocantinzinho Headwinds
17:50 Oko West Headwinds
19:38 G Mining Tailwinds
DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.
WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I should devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.
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