Matador Mining is the most undervalued gold stock in Canada’s hottest jurisdiction of Newfoundland says Ian Murray. Ian thought so highly of Matador Mining’s potential that he came out of retirement a year ago to become its executive chairman. Prior to Matador, Ian was the executive at the helm of Gold Road Resources overseeing its gold discovery and advancement towards production. Ian shared, “So here [at Matador Mining] you've got this gold bearing shear zone in a tier one jurisdiction with a very supportive, Newfoundland government and Canadian government wanting more exploration, more mine development on the island. And it can be sitting on what I think, as the saying goes, is a gold mine. It is 120 strike kilometers, which has never been tested except in one area where we've got 840,000 gold ounces. So for me, it was, ‘Wow, this is fantastic. Let's build up another team here.’ At DRDGOLD, that was over a 10 bagger when I was running that company. Gold Road went from 5 cents to a $1.90 for shareholders. And I see at Matador, we can do exactly the same thing here. Be smart with the exploration, make the big discoveries, build up the critical mass, and then look at converting that into production and into cashflow for shareholders.”
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