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Infinitum Copper (TSX-V: INFI)(OTCQB: INUMF) CEO Steve Robertson on New OTCQB Symbol & Drilling Multiple Discoveries in 2022
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Infinitum Copper, Mr. Steve Robertson. Steve, great to have you back on. How are you?
Steve Robertson: I'm doing well, Gerardo. Great to be back.
Gerardo Del Real: It's great to have you back. It's been about a month or so. The last time we spoke, we talked about the commencement of the 9,000 meter drilling campaign at the copper, silver, gold targets at the Adelita project. And I wanted to follow up and see how that's going. I wanted to congratulate you, because I see you are now trading on the OTCQB, which is important for US-based speculators and investors. So congrats on checking that box off there on the corporate milestone list.
Steve Robertson: Yeah, absolutely. Thanks for bringing that up. We've been doing a great job in terms of our execution of the plan. The exploration down on the Adelita site in Sonora State in Mexico is going very well. The drilling did start the last day in March, and we're a good part of the way through our phase one diamond drilling. And we will immediately follow that with phase two. So a total of 9,000 meters of drilling coming this season and the guys are executing very well. But the OTC listing is really important to us. Because our stock is not terribly liquid. A lot of people don't know the story yet. Even though we're hitting all of our milestones, people need to hear about us so that they can actually invest in the story and participate along with us. And just having the OTC exposure now lets so many more investors access our stock and be able to participate along with us.
Gerardo Del Real: Well, let's set the table for potentially new shareholders who may not be familiar with the story and are looking for an exploration team that one, is serially and technically successful, right? A history of big wins. Two, I want to talk about the commodity exposure, right? There's exposure to copper, there's exposure to gold, and of course, exposure to some silver as well. Set the table for me, Steve, in terms of the current market cap and the opportunity, because you did mention a softer market out there and the lack of liquidity, I think is presenting a pretty compelling opportunity given the recent pullback in the stock, and given the fact that you have real material catalysts here with assays pending, and of course that 9,000 meter drilling campaign that's ongoing.
Steve Robertson: Well that's right. Our business, Gerardo, is about people. And having this core group of serially successful people, people that have found deposits before, Peter Megaw and Doug Kirwin are the anchors of our geological team. And both of those guys have a number of exploration discoveries to their credit. It's an interesting geological statistic that the vast majority of geologists go through their entire career without having found anything. But the guys that do find stuff, find things over and over again. They know what success feels like, taste like, looks like. And certainly Doug and Peter are a couple of those guys that really bring a lot of insight to the team. So we've got the great team.
In terms of the corporate milestones, we've got the Adelita project. The execution of the exploration program has been exemplary. The team that's down there led by Rafa Gallardo. He's a Sonoran born geologist and has assembled a great team of geologists down there. And they've got three brand new discoveries on the property so far this year, which I would've hoped that we would've had one significant new discovery. To have three significant new discoveries is really above and beyond our reasonable expectations. So in terms of the execution of the program, it's just been going very well.
And then the other big thing that's happened to us in terms of our corporate milestones; we've built the portfolio from one project to two. Of course, ultimately we want to build it beyond that, but we'll grow as the opportunities come to us and allow. But having acquired the Hot Breccia project in the heart of the Arizona copper belt, it's one of the greatest copper producing districts in the world. And we've got a project that is right in the heart of all those copper elephants that are down in that region. So very exciting opportunity for us. And we're hoping that once we get done reporting the exploration results from the current program at Adelita, we'll be in a position where we're going to start drilling down on that project. So it really is laying out very well, much as we had hoped the exploration plans would.
Gerardo Del Real: What's the current market cap, Steve?
Steve Robertson: Oh, current market cap is down to about $12 million. So we went public at a price of $0.40. We're currently trading around $0.30. So yeah, a very modest market cap considering the team and the assets that we've got in the company.
Gerardo Del Real: A lot of runway, a lot of upside. I'm excited for those assays to start coming back, excited to have you back on. Thank you so much for the update, Steve. Anything else to add to that?
Steve Robertson: No, I think that we're going to start reporting drill results probably in about a month's time. So we're getting very close to the point where we're going to be starting to roll out some exciting results. And then the results will just continue to come out until probably well into the fall, November or something like that before we're done reporting on the program. So we've got a rich news flow ahead of us.
Gerardo Del Real: Important second half of the year. Thanks, Steve.
Steve Robertson: Okay. Thanks a lot, Gerardo. Appreciate it.