Canuc Resurces {TSX.V: CDA} CEO Chris Berlet impressed at a City Investors Circle luncheon in the City of London today.
A full house saw him introduce this newly formed company in London publicly for the first time, and the audience liked what they heard.
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Canuc Resurces go down well in our London presentation.
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CEO Chris Berlet introduced Canuc Resources to a full house at the Cote St. Paul’s today, and impressed the fund managers, city professionals, and private investors in the audience.
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Canuc are newly formed, and have hit the ground running by hitting some high grade intersects in theor first drill campaign at their San Javier project located in Sonora, northern Mexico.
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One unusual aspect that differentiates this company is that they have some legacy oil and gas production in Texas, USA, that produces around $20,000 per month, which pays the running costs of the company. This ensure that all money raised is spent in the ground where shareholder value can be created.
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Another unusual feature is that directors are not drawing salaries, instead taking options, so not exactly a lifestyle company like so many others. The company is lean and mean, preferring to outsource work and only has three employees!
RECENT DRILLING ACT
Recent drilling has produced some high grade intersects at their San Javier property, 50% silve, 25% gold, and 25% lead/zinc. With the price of all these likely to remain strong/increase in the near term, the numbers should get better.
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Canuc has an experienced management team, a good project in an historic mining area, good infrastructure in an excellent jurisdiction, and is one to watch, and put on the watchlist.
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Chris Berlet made a strong presentation that was well received, and the overlying message was he is determined to create shareholder value here within 18 – 24 months.