Mining Stock Education

Bill Powers interviews Lara Exploration President and CEO Simon Ingram, highlighting Ingram’s prior success leading Reservoir Minerals from $0.65 to $9.40 per share and creating roughly US$500 million in shareholder value at the time of the buyout by Nevsun Resources. Ingram recounts Reservoir’s Serbia discovery—described as the world’s 13th largest copper discovery since 1990—and notes the resulting mine now generates about 2% of Serbia’s GDP. Lara Exploration is applying the same model and team while transitioning from prospect generator to developer through its 100%-owned flagship Planalto copper-gold project in Brazil. The 2025 PEA outlines an open-pit project producing about 36,000 tonnes of copper per year and processing about 8 million tonnes of ore, with estimated capex around $550 million. Using a $13,000/ton copper price, Ingram says the project value is about $1.2 billion at today’s spot prices. The discussion covers Lara’s valuation gap versus its market cap (~US$100–110 million), plans to de-ri