
Ellis Martin interviews Sid Rajeev, Head of Research at Fundamental Research Corp., the largest independent equity research firm in North America focused on the resource sector.
They discuss the firm’s buy rating of C$1.11 for Blue Lagoon Resources (CSE: BLLG) (OTC: BLAGF), a near-term gold producer based in British Columbia. With strong project fundamentals, a toll milling agreement in place, and production launching at the Dome Mountain Gold Project, Blue Lagoon is transitioning from development into full-scale production—poised for significant valuation re-rating.
Highlights from the Interview:
– Why junior producers are gaining momentum in today’s gold market
– Overview of Blue Lagoon’s high-grade underground mine
– Projected $23M+ in Year One revenue
– Long-term mine life potential based on 250,000+ ounces of gold – Positive relationships with First Nations communities
– Strong management team led by CEO Rana Vig
– FRC’s valuation metrics and comparisons with sector averages
– Explanation of Blue Lagoon’s path to 200 tons/day processing over 4 years
– The strategic value of Blue Lagoon’s permitted, de-risked position in BC
Quote from Sid Rajeev: “Blue Lagoon has moved from development stage to production, which means markets will start valuing the company as a miner. Based on our projections, the company is currently trading well below sector averages.”
Courtesy of the Ellis Martin Report
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