September 2, 2020

“Cartier Resources – Meticulous Abitibi Gold Explorer Nears PEA” – CRUX Investors Interview

“Interview with Philippe Cloutier, President & CEO of Cartier Resources (TSX-V: ECR) A mining company with credibility at its core?” – CRUX Investors

  • Cartier Resources is a CVE-listed gold exploration company situated in the renowned Abitibi Gold Belt. Since we last spoke to Cloutier around a month ago, the share price has doubled. A lot of sceptical investors will put that purely down to the gold bull run, but growth remains impressive. Capital is predominantly being absorbed by gold producers, with some now trickling down to the gold explorers, but the explorers need to be doing the right things in the first place in order to attract interest from the market.
  • The company’s flagship Chimo Gold Mine is being developed meticulously, and a PEA is just around the corner. Cartier Resources has raised $9.3M of flowthrough capital since we last spoke, and now has around $14M in the treasury to put into the ground and create catalyst moments.
  • The market cap is now around $65M, and Cloutier is pleased to see Cartier Resources finally being valued close to what he thinks it deserves.

00:00 – Introduction 2:02 – Quick Update 4:12 – Company Overview 5:34 – Promises in May: Company Processes and End Goal 14:07 – Chimo Mine: Average Grade too Average? 19:52 – Ore Sorter: Costs & Processes 21:09 – PEA Timings and Clues to Economics 21:51 – Comparable Peers: Who is Cartier Resources Like? 23:01 – Benoist: Plans and Goals 25:33 – Exciting the Market: Why Not Raise More Money? 30:43 – End Goal and Business Model 35:01 – Impact of COVID-19