Los Cerros Limited


  Our Initial Entry

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

Apr 30 2020

Our Current Returns



📋About: Los Cerros Limited (ASX: LCL) is a gold explorer with a dominant position within the Andes and Quinchia regions of Colombia.
The Quinchia Gold Project hosts the Miraflores Gold Deposit with a Resource of 877,000oz at 2.80g/t Au and Reserve of 457,000oz at 3.29g/t Au.
Within 3km of Miraflores is the highly promising Tesorito and Chuscal porphyry targets. There are several other targets within the region including the Dosquebradas deposit which has an Inferred Resource of 459,000 oz grading 0.71g/t Au.

🌏 Macro Theme: Gold price will rise as a store of a value in a low interest rate environment and high stimulus global economy.

Los Cerros Company Milestones

✅ Strategic partnership (Hong Kong Ausino): Next Investors Commentary
✅ AngloGold becomes a major shareholder:
Next Investors Commentary
✅ Next Investors Portfolio Launch:
Next Investors Commentary
✅ Diamond Drill Rig Purchased
✅ $3.5M Cap Raise @ 4c:
Next Investors Commentary
✅ $10M Cap Raise @ 11.5c
✅ Debt Extinguished
✅ Project Acquisition Complete (Chusal)

🔲 Options exercised raising up to $8.4 million
✅ Institutional investor takes position: Next Investors Commentary
🔲 Corporate transaction
🔲 Joint venture partner
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
✅ $20M Cap Raise @ 16c: Next Investors Commentary

Quinchia Project

Project Milestones

Drilling Program Commenced 2020/21: Next Investors Commentary
🔲 10,000m Drilling Program complete in 2020/21
🔲 Project Development Approvals (Mirafloras)
🔲 Environment Impact Assessment (Mirafloras)
🔲 Scoping Study commences (Tesorito)
🔲 Quinchia Project Update - geological model
🔲 Maiden Gold Resource ~ Dec 2021 (Tesorito)
[UPA1] New Porphyry Discovered (Ceibal)
🔲 Unexpected positive announcement 2
🔲 Unexpected positive announcement 3
🔲 New Milestones Added

FY 2020/21 Drill Results
🟩 Assay Results 1 - Tesorito South Discovery Hole (Tesorito, TS-DH08) : Next Investors Commentary
🟩 Assay Results 2 (Tesorito, TS-DH09)
🟨 Assay Results 3 (Tesorito, TS-DH10-11)
🟩 Assay Results 3 (Tesorito, TS-DH12-14): Next Investors Commentary
🟩 Visual Gold (Tesorito, TS-DH15): Next Investors Commentary
🟩 Assay Results 4 (Tesorito, TS-DH16) Next Investors Commentary
🟨 Assay Results 5 (Tesorito, TS-DH17-23)
🟩 Assay Results 6 (Tesorito, TS-DH24)
🟨 Assay Results 1 (Chusal, CHDDH005-9)
🟧 Assay Results 1 (Ceibal): Delayed

FY 2021/22 Drill Results
🔲 New Drill Results Added
🟩 Assay Results 7 (Tesorito, TS-DH25-26)
🔲 Assay Results 8 (Tesorito)
🔲 Assay Results 2 (Chusal)
🔲 Assay Results 3 (Chusal)
🟨 Assay Results 1 (Ceibal, CEDDH01-02)
🔲 Assay Results 2 (Ceibal)
🔲 Assay Results 3 (Ceibal)

Next Investors Investment Milestones

✅ Initial Investment: @4c
✅ Increase Investment: @7.68c
✅ Increase Investment: @15.25c

Price increases 500% from initial entry
🔲 Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
12 Month Capital Gain Discount
Free Carry
🔲 Take Profit
🔲 Hold remaining Position for next 2+ years

”Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.


🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

Market Data

Latest Article

What Happened This Week? July-17th-2021

What Happened This Week? July-17th-2021

This week Next Investors covered the unusually high amount of news coming out of Europe in the EV space, we also provide commentary on the LCL cap raising and a full summary of the week gone by.

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