Teo Dechev

President & CEO | Mundoro Capital | Copper Royalty Strategist

"Building Mundoro's royalty-and-equity model around copper porphyry exploration funded by major miners"

Mining Executive

Biography

Teo Dechev is the President, CEO, and a Director of Mundoro Capital Inc. (TSXV: MUN / OTCQB: MUNMF), a company built on a hybrid model: generating early-stage copper and gold projects and monetizing them through royalty agreements and minority equity positions. For investors evaluating copper exposure or royalty streaming companies, Dechev offers a practical window into how junior explorers attract major-tier funding.

Before leading Mundoro, Dechev worked as a mining equity analyst, giving her both the technical and financial literacy to evaluate resource projects from multiple angles. She holds degrees in geological and mineral engineering, which grounds her approach to project assessment in the underlying geology rather than purely financial modeling. This dual skill set — technical and capital markets — is relatively rare among junior mining executives and is central to Mundoro's business model.

Mundoro's strategy under Dechev focuses on copper porphyry deposits (large, lower-grade ore bodies that host copper, gold, and molybdenum together) in mineral-rich but underexplored belts. The company's flagship activities are centered in the Timok Magmatic Complex in Serbia, a region that has drawn increasing attention from major miners. Under Dechev's leadership, Mundoro has secured funding from BHP (one of the world's largest diversified miners) to advance drilling on its Serbian copper-gold targets. The company structures deals where majors fund the exploration in exchange for earn-in rights, while Mundoro retains royalties — meaning shareholders gain exposure to potential discoveries without bearing the full dilution risk of exploration.

Dechev has presented at multiple Rule Symposium events on natural resource investing and has been featured in interviews with The Northern Miner, Proactive Investors, and The Wall Street Transcript. Investors following her can observe, in real time, how a royalty-focused junior negotiates with majors, advances copper projects through discovery drilling, and manages the capital structure to preserve shareholder value in a capital-intensive sector.

Videos (1)

Teo Dechev, CEO of Mundoro Capital | Rule Symposium 2026: Rick Rule interviews

guest May 13, 2026

Top takeaway Dechev's core argument is that a working prospect generator lets partners do the heavy spending: over the last four years about $35 million of partner money went into the ground versus about $3 million of Mundoro's own spend, with only about $5 million raised in a decade, keeping dilution low.
She argues copper investors must be in porphyries, which she says produce about 70% of the world's copper, and that majors need billion-tonne resources to reach 500,000 t to over 1 Mt of annual copper output, which is why Mundoro targets mega-system belts in Eastern Europe and Arizona.
As of May 2026 she frames the finances as about C$5.5 million in cash, $1.6 million of budgeted revenue this year rising toward $2 million as programs build through the December 2026 budget year, and a roughly $1.2 million annual G&A run rate.
She presents the partner roster as evidence the ground is valued: BHP now covers Mundoro's entire Serbian land package under five agreements, JOGMEC is exploring copper with the company in Bulgaria, and Vale, Freeport, First Quantum and Kinross were past partners.
She describes herself as a large Mundoro shareholder focused on making every dollar spent create value, and says the company needs no new capital over the next 12 months, with more partner drilling seen as the route to shareholder returns.

Prospect generators (junior explorers whose partners fund the drilling) deliver roughly ten times the exploration spending without diluting shareholders. Mundoro spent $3 million on exploration over four years while partners funded $35 million, on roughly $5 million raised in a decade. Porphyry deposits (giant copper systems) host about 70% of world copper output, which is why majors hunt billion-tonne resources. BHP in Serbia and JOGMEC in Bulgaria currently fund Mundoro's programs, following past partnerships with Vale, Freeport, First Quantum, and Kinross. Rick Rule reports about 30% of his 70 prospect generator investments made economic discoveries, far above typical exploration success rates.

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Key Quotes

"The next round of drilling will actually get us closer to what we believe is the mineralization."

— Rule Symposium on Resource Investing, Boca Raton, interviewed by The Northern Miner

Key Works

Copper Porphyries and Royalties: Mundoro's Dual Strategy with Teo Dechev (2024)

Interview covering Mundoro's royalty generation model, BHP-funded exploration in Serbia, and Dechev's approach to copper porphyry targets

Teo Dechev Profile — The Wall Street Transcript

Professional biography detailing Dechev's geological engineering background, analyst experience, and role at Mundoro Capital

Specializations

Gold CopperRoyalty GenerationCopper PorphyriesSerbia / Timok RegionJunior Mining Capital Strategy

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