Part of what makes Star Mountain Resources, Inc. (OTC: SMRS)
successful is its strong business model of acquiring and consolidating mining
assets with high growth potential. The junior exploration and mining company
focuses on base metal and precious metal mining. Star Mountain Resources plans
on continuously searching out and obtaining these mines with expectations of
high returns for both the company and its investors. The company also aims to
incorporate any valuable team leaders from these ventures into its own.
Following its business model, the company acquired Northern
Zinc LLC in November 2015. Along with that, Star Mountain Resources closed on
the acquisition of Balmat Holding Corporation from Hudbay Minerals and gained
access to the Balmat zinc mine in upstate New York. This gave the company a
highly prolific mining asset while incorporating experienced mining
professionals into its already seasoned board of directors and management team.
For example, Don Taylor was nominated for a director role following
the Northern Zinc acquisition. He brought over thirty years’ experience in
domestic and international mining explorations, project evaluations, reserve
calculations, and mining development to Star Mountain Resources. Since June
2015, Taylor has been the president and a board member of Arizona Mining, Inc.,
a Canadian mineral exploration company.
Not only has the Balmat zinc venture brought a new member to
the Star Mountain Resources team, but it could soon bring high profits. Zinc
recently entered a bull market after production cuts tightened global supplies.
The mineral increased more than 20% from a six-year low that was reached in
January. The production limits will cause a deficit of 440,000 metric tons,
driving up prices. Goldman Sachs predicts 12-month zinc prices at $1,800 a ton.
When operations at the Balmat zinc mine begin, the company’s profits could soar
as zinc prices rise.
By adhering to its sturdy business model, Star Mountain
Resources will have more opportunities to obtain, manage and develop highly
productive mines. So far, its acquisitions have proven themselves to be highly
prolific gateways for the company and its shareholders.
For more information, visit www.starmountainresources.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment