Lundin, Trafigura, ASND in the Iberian Pyrite BeltLundin owns Neves Corvo and Trafigura owns Aguas Tenidas. Both are prolific mines in the Iberian Pyrite Belt. Trafigura is a private company with more than $100 billion revenue from Singapore.
Unknown Ascendant (ASND) is a new mining company that enters the Iberian Pyrite Belt.
ASND has zero debt and cash because it generates already free cash flow from its zinc-lead-silver mine in Honduras.
Its current Enterprise Value is less than 3 times its projected 2018 EBITDA, so it can't get cheaper while its upside can be tremendous.
it's also great to operate close to Lundin's and Trafigura's proven, producing and profitable mines. They can acquire ASND too.
Time will tell.