Blue Lagoon Resources (BLLG) - Entrepreneurial Approach Shaving Costs

Interview with Rana Vig, CEO of Blue Lagoon Resources (CSE:BLLG) If you want our take on this interview and Blue Lagoon Resources, go to https://cruxinvestor.com/club Vig is a entrepreneur who made money in Cannabis. They have 3 projects; Pellaire, Dome Mountain, Big Onion (copper Porphyry). Blue Lagoon IPO'd is July 2019 and Vig explains how he financed the projects. We try to understand the payment schedules in the MD&A against what Vig tell us. A lot of moving parts! He explains how he is approach to costs and process. Vig is keen to show us that he has an unconventional approach to process and planning, and does not feel it is necessary to pay for professional services companies to tell him what he already knows. We are keen to understand the sequence of the projects and how he intends to spend his money. Dome Mountain, near Big Onion, seems to be the want to be flagship project. It has shown some good drill results recently and the market has reacted positively. It's early days and a small mine but can be very profitable as the Capex is very small, about $1.5M. This is because it benefits from an expenditure of $28M on infrastructure by the previous owners. Vig expects to take advantage of the high gold price environment. If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix. 0:00 - Introduction 1:38 - Company Overview 2:23 - Background & Experience 6:22 - History of Blue Lagoon 8:26 - Pellair Gold Project: Deal, Payments, Data, & Plans 15:54 - Big Onion: Deal Terms, Data, Plans, & Costs 19:55 - A Look at Dome Mountain & Plans for it 23:57 - Understanding the Economics: Short-cutting Studies? 29:33 - What's Next? Communicating with the Market 31:16 - Management Shareholding 31:31 - Expectations for 2021 & Approach to the Future 32:43 - $2M Raise & Partnerships: Why Now? Company Page: https://bluelagoonresources.com/ Explore More Here: https://cruxinvestor.com Join our Club's waitlist: https://cruxinvestor.com/club For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:   / cruxinvestor     / crux-investor     / cruxinvestor   If you got value from this interview, please subscribe.