Beacon Equity Research Featured Client: Nilam Resources, Inc. (NILR.OB)
Nilam Resources, Inc. (NILR.OB) acquires, explores, and develops gold mineral properties primarily in Peru through its wholly owned subsidiary, Nilam Resources Peru SAC. The company has three mineral properties in Peru: The Pativilca property, The Llipa property, and the El Varon property. All three properties are located near major mineral trends and mines. Nilam’s Pativilca property is a 2,100-hectare property that contains a fully operating gold processing plant. Annual revenues are expected to exceed $10 million from Pativilca gold production. The company has plans to expand the Pativilca plant production to 500 tons of ore per day, which would result…