# “We'll Have the Largest Silver Resources of Any Company on the Planet”: Ross Beaty on Lumina Metals

Page: https://stenobird.com/podcast/mining-stock-education-1396689/we-ll-have-the-largest-silver-resources-of-any-company-on-the-planet-ross-beaty-on-lumina-metals
Text version: https://stenobird.com/podcast/mining-stock-education-1396689/we-ll-have-the-largest-silver-resources-of-any-company-on-the-planet-ross-beaty-on-lumina-metals.md
Podcast: [Mining Stock Education](https://stenobird.com/podcast/mining-stock-education-1396689)
Published: 2026-05-10T11:50:56+00:00
Episode link: https://www.spreaker.com/episode/we-ll-have-the-largest-silver-resources-of-any-company-on-the-planet-ross-beaty-on-lumina-metals--71946267
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Duration seconds: 1538

## Resource

Bill Powers interviews mining legend Ross Beaty, joined by investor Gianni Kovacevic, about Beaty’s Lumina “franchise” history of acquiring and monetizing large undeveloped deposits and the new IPO, Lumina Metals (TSX: LMCU). Beaty describes the company’s copper-silver discovery in Poland as potentially the world’s largest undeveloped copper-silver deposit, with over 1 billion ounces of silver resources and about 10 million metric tons of copper, plus a second target that could lift silver resources above 2 billion ounces. They discuss the April 30 IPO, a five-year path to mining license approval, strong infrastructure and workforce, proximity to an underfed smelter and a cooperation agreement with KGHM, Poland’s high copper tax and plans to reduce it, reasons for post-IPO share volatility, and intentions to pursue a U.S. listing after 12 months. Ross Beaty stated: "So it's a global scale deposit; more than a billion ounces of silver in resources, about 10 million metric tons of copper in resources…So these are giant deposits…Another discovery we made, and we're going to be servicing value on that one. Maybe it will be the same size as Nowa Sól, which could take our silver resources to over two billion ounces. So that's pretty exciting. I think together right now they're about one and a half billion [ounces] between the two deposits. So it's absolutely world-class. However you cut it, we'll have the largest silver resources of any company on the planet, I think, and that will command a premium valuation once we get into that silver retail crowd who I know so well from having founded Pan American Silver" 00:00 Intro 00:46 Meet Ross and Gianni 01:36 Why Lumina Matters 02:54 Lumina Franchise Origins 05:12 Poland Copper Silver Breakthrough 07:58 IPO Timing and Advantages 1…

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