Recorded at Harvard University’s Sanders Theater, September 21, 2013
Ron Paul, former U.S. Representative for Texas’ 14th and 22nd congressional districts and author of “The School Revolution – A New Answer for Our Broken Education System,” challenges and the status quo and Charlie Rose defends it in this 20 minute interview at Mr. Rose’s table.
In the interview, Paul shares his definition of libertarianism: non intervention. He also discusses the failures of the current education system in America, saying that Washington’s agenda has made its way into the classroom, and it’s boring kids to death. Mr. Paul does not believe traditional schooling is right for everybody and wants to see individuals, including kids and their parents, make their own decisions and take their own initiative.
“Your business and your life is your own.”
Watch: Charlie Rose
Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted (late 2014-early 2015), it will likely be taken out by a major. Amazingly, Continental CEO Ari Sussman — who hosted me for a conversation at his Toronto skyscraper office last Thursday — just recently turned 40.
“You picked a good day to come see me,” Sussman says with a smile as we sit down in his clean, cream coloured office, decked out with contemporary art. The gold price is actually down 3% today, but in Ari’s view, short term volatility doesn’t matter — gold will outperform whether the Fed prints or not.
“End the stimulus, and get a hard recession, or even depression, which is positive for gold. Remember: gold mining stocks performed amazingly during the Great Depression. Homestake was up something like 500% between 1929 and 1935,” Ari says. Alternatively, central banks can continue to inflate their currency to stimulate their economies, which is also good for gold, he adds.
It’s not just monetary intervention driving the yellow metal, according to Ari. “Have you seen the leverage on the paper gold market to inventories of physical gold available for delivery? 60:1. It’s worse than subprime. If you’re going to take delivery, where’s it going to come from? There’s no gold available.”
“I swear I’m not a gold bug,” Ari shrugs. “These are facts.”
I was introduced to Mr. Sussman through Pat Di Capo at PowerOne Capital. Pat and Ari are both forces 40 and under in the junior resource business. The two met while taking excess office space from Sheldon Inwentash’s Pinetree Capital, and went on to found several companies together — Pat the Limited Market Dealer/broker, Ari the CEO.
“Ari’s secret weapon is his ability to find and motivate talent,” Di Capo tells me, referring to Sussman’s partner, acclaimed Australian geologist Vic Wall. Wall won the Goldcorp Challenge in 2001 and is one of the mining industry’s most successful explorers.
Wall, 69, met Sussman, 40, at a quiet PDAC mining conference in 2002, during the junior mining downturn of 1997-2003. Sussman says he was able to build a relationship with the legendary geologist because the industry was so dead back then, and both men had ambition to create wealth.
The duo’s first deal was Colossus Minerals, which assembled the Serra Pelada precious metals project in Brazil, and was the site of South America’s largest gold rush in the 1980s (19 pics). Sussman, Wall and others, with the help of Di Capo, financed and developed that project to near-term production. Colossus shares reached almost $10 and maintained strong liquidity during Ari’s tenure as CEO. He left the position in 2011 to focus solely on Continental. [Ed. note: Under new management, Colossus has had its difficulties. According to Ari, they were underfunded at the wrong time.]
After their success in Brazil, Sussman and Wall wanted to do something special in Colombia. Former president Uribe was stamping out corruption, the country’s geological potential was well-known, and Sussman had grown fond of the place after backpacking there in his early 20s.
According to Ari, the man with his fingerprints on everything gold in Colombia is Bob Allen. Mr. Allen, an American, moved to Colombia in the 1980s on the promise of its mineral potential. Ahead of his time, he spent the next twenty years assembling a portfolio of gold projects before having huge success in recent years by attracting partners such as Sussman and Wall, AngloGold, B2Gold, and others to develop his projects including Buriticá, Gramalote, and La Colosa.
“Bob has a tremendous vision and a great nose for assets,” Ari tells me.
Sussman and Wall saw potential in Allen’s private company, Continental Gold Corp. Allen had founded it in 1986 and stored much of his Colombian portfolio there, but many of the projects were dormant. Sussman was able to convince Allen to let him take Continental public in 2010, with Ari as CEO, Wall as Special Advisor, and Allen as Chairman.
Of the projects within Continental’s portfolio, Wall became focused on Buriticá, which operated a small but high-grade underground gold mine on a mountainside 60KM from Medellin. The project had been producing on a small scale, and had only a few drill holes in it when Wall and Sussman arrived. Honing in on the mine, Wall was able to reclassify Buriticá’s potential. Continental has since been able to prove up a resource in Buriticá which has become the envy of every gold company in Colombia — and all the majors are circling, according to Ari.
Buriticá is rare for its size and high-grade: 5.5 million ounces averaging around 10 grams per tonne gold in thick, deep veins. The deposit is open along strike and at depth, with depth being the key for exploration potential. Sussman believes Buriticá could grow to 10 million ounces or more.
Analysts tend to agree. “Buriticá could be producing 200,000 ounces a year for 20 years. It’ll be a cash cow for Continental Gold, or whichever major eventually takes it over,” said Colombia Gold Report’s Paul Harris.
Banks including RBC, TD, CIBC, BMO, Scotia, GMP, Dundee, and Clarus cover the company, with targets of $5.50 to $11.00 on Continental’s shares. Continental trades on the Toronto Stock Exchange under the symbol CNL, last at $4.00.
The market believes Buriticá will be sold.
Continental will spend approximately $60 million in 2014 of the company’s $130 million treasury. Approximately half will be spent on drilling; the other half will go to underground development and G&A.
Permitting is a huge catalyst for Buriticá, says Ari. The project is already permitted with a mining license but requires a final amendment to the existing environmental permit to cover the surface portion of the proposed new mine, including the plant and tailings area. Continental is working closely with the authority who will review the application. Sussman expects to file the amendment application in late 2013, and is cautiously optimistic to receive permitting within a year from then (late 2014 to early 2015). Sussman is quick to remind me that permitting was Extorre’s catalyst to being sold to Yamana in 2012.
Continental is also drilling in new areas underground, and at other new discoveries on the 50,000+ hectare property.
The company is also working with M3 Engineering on a PFS scheduled for 2014. M3 worked on the Penasquito project, one of Goldcorp’s cornerstone assets. Sussman says Buriticá has similarities to Penasquito. Both are CBM deposits, which have rich, deep veins.
“There’s going to be a panic amongst majors to acquire good assets, and there’s already a massive shortage of quality projects available,” Ari says with concern for established gold producers.
If Sussman’s team can execute over the next year to year and a half, there’s a high chance he’ll be looking for work come 2015, at which time he’ll be 42.
In addition to Continental, Ari sits on the board of Dalradian Resources, which is advancing the Curraignhalt Deposit in Ireland, and is led by Patrick Anderson. Anderson previously developed and sold Aurelian Resources to Kinross for $1.2 billion.
Sussman, Allen and Continental Gold are also behind Sabre Metals, which is in the process of amalgamating with Cordoba Minerals, led by Fortuna Silver Chairman Simon Ridgway. Sabre is currently drilling a high-grade copper-gold porphyry target in Colombia, which if it hits, Ari says, could be spectacular. But it’s higher risk.
In my brief study of Ari Sussman, I found him to be engaging and articulate. His secret is simple: be extremely well-capitalized with the best people and best projects.
Watch Continental’s video starring Ari and check out their Web site for more:
More: Continental Gold Corp.
Disclaimer: Please read Continental Gold Corp.’s Cautionary Statement Regarding Forward-Looking Statements carefully. All statements in this report, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often, but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. Much of this report is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this article. In addition, with respect to any particular company, a number of risks relate to any statement of projection or forward statement.
Clive Johnson is a big, fast-talking ex-rugby player and one of Canada’s best gold mining executives.
The 56-year-old has built back-to-back multi-billion-dollar gold companies.
Johnson’s contrarian instincts have served him well in a career that’s taken him from the harsh Yukon bush as a contractor in the early 1980s to the penthouse suite at Vancouver’s Bentall Tower 3, where he hosted me for an interview recently.
We’re at the world headquarters of Johnson’s B2Gold Corp., which produced 82,000 ounces of gold in the second quarter from two mines in Nicaragua and one in the Philippines, with plans to produce between 360,000 and 380,000 ounces in 2013 and to double production by 2017, to 750,000 gold equivalent ounces annually.
“We’re looking for countries in economic and political transition, and we get in there early,” says Johnson of his mining methodology.
Johnson certainly got in on the ground floor in Chile in 1988. His Bema Gold ventured into the South American country while military dictator Augusto Pinochet was still running it and at a time when sentiment toward America was very negative. Bema developed the 50%-owned Refugio mine and the promising Cerro Casale gold-copper project in a country where foreign-owned copper assets had been nationalized less than two decades before.
“If you’re doing something bold, expect to have some critics. Bold initiatives are done by the few, not the many,” he says. “But never change the path you’re on for critics.”
Geopolitical risk didn’t keep Johnson away from Russia while gold was bumping along below $300/oz. Russia had defaulted on its debt in 1998 and was a no-go zone for many wary investors. But where others were scared away, Johnson and his team evaluated the risk and envisioned long-term reward. Bema developed the high-grade 79%-owned Julietta gold mine in the far reaches of remote Russia and built it 2 months ahead of schedule.
Success at the mine site didn’t immediately translate to a share price surge, however. In 2000, a year the gold price averaged about $280, Bema Gold’s market capitalization touched just $50 million.
While the mining capital markets were “just dead,” Johnson hatched a plan to finance his company. Bema issued “shares for debt” which were then sold into the open market, eventually raising $15 million.
Johnson doubled down in 2003 when Bema acquired the rich Kupol gold project, and carved out an underground mine in the permafrost of eastern Russia.
“This is a double contrarian play, you have to do it,” Johnson recalls telling investors reluctant to invest in both gold and Russia at the time.
Johnson’s backers were richly rewarded in 2006 when Kinross paid $3.5 billion to snap up Bema Gold and its mines and development projects in Russia and Chile. The perseverance payoff was also lucrative for Johnson and his close-knit team, who had been together for 25 years and continue to work together at B2Gold today.
The latter detail is a point of pride for Johnson, who used to play rugby at a high level and carried a strong belief in teamwork over to the mining game. Johnson credits the sport with helping to shape his outlook and work ethic.
“You’ve got to walk the talk when you talk team,” Johnson says. “I am a big supporter of rugby, that was a huge part of my culture. Teamwork. Leadership. Respect for other people, even your opponents.”
“Nobody here has changed the way they treat people.”
Neither has Johnson changed his focus on building value for shareholders. Of the 2,000 projects that his team has looked at in the past five years, he says, the company has done 200 confidentiality agreements and only three deals. His preference is to invest in B2Gold’s own exploration projects – “The cheapest ounces are always the ones you find.”
But that doesn’t mean he’ll pass up a deal that would add immediate value for B2Gold shareholders. And B2Gold has plenty of dry powder after raising $259 million last month from institutional buyers through a notes offering. The offering of 3.25% convertible senior subordinated notes – which included the full over-allotment of $34 million – closed on Aug. 23.
The lack of good mining projects out there is scary, Johnson says. “I’m not scared to do a deal, but we’ll only do a deal if we can make it a success.”
B2Gold’s latest transaction was paying $1.1 billion last year to acquire Australian-based CGA Mining and its producing Masbate gold mine, the largest in the Philippines. An updated mineral reserve estimate for Masbate announced Aug. 6 increased both the reserve and grade.
“We have no need to write down anything.”
In Nicaragua, a country whose socialist president, Daniel Ortega, had previously embarked on a campaign of nationalization and land redistribution, B2Gold mines the yellow metal at its La Libertad and Limon mines. B2Gold is a major player in Nicaragua’s nascent mining industry – underlining the importance of genuine social and environmental engagement, something Johnson says his companies have been doing since “before it became a buzzword.”
“When you hear about political risk or companies getting screwed by governments or local partners, the dirty little secret is the fact that a lot of times when government or local people take actions against the companies, it’s because they didn’t live up to their promises.”
In an investment environment where skepticism has replaced optimism, delivering on promises – both to shareholders and to stakeholders – is crucial to success, Johnson has discovered.
“The key thing is about delivering,” he says. “There’s no shortage of good promoters out there, but there’s a massive shortage of delivery on the promote.”
“If you don’t have cash flow and credibility, you are not going to build a mine right now.”
Johnson is critical of some of the majors whose management teams chased ounces rather than profits as the price of gold rose. The big guys overpaid with little regard for capital cost control, and are now paying the price with massive writedowns and mediocre share values.
“Now is a fascinating time,” Johnson says. “Now is when they should be buyers, and they’re sellers.”
The attrition that will result from a lower gold price is good for the industry, which has spit out too many companies, he contends. But a barrier to M&A among junior miners is entrenched management teams fighting to keep their jobs and salaries at the expense of shareholders.
“I’d rather that gold was $1,600 and my stock $5, but there’s a cleansing aspect of this,” he says. “Now you separate the men from the boys.”
B2Gold stock has bounced nicely off its 52-week low of $1.87 and recently traded in the $2.60 range, valuing the company at about $1.7 billion.
Johnson is in an enviable position in mining today. In an era when momentum matters, his company has the respect of the marketplace.
“I have never hesitated to tell the story. And as you can tell, I tell it well.”
B2Gold trades on the TSX under the symbol BTO, and on the NYSE under the symbol BTG. Learn more at B2Gold.com.
Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again?
Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement.
In a bear market that has laid waste to more than a few junior resource companies, veteran mining executive Dale Corman is a survivor. As chairman and CEO of Western Silver, the entrepreneur developed Peñasquito from a Rio Tinto/Kennecott castoff into a world-class deposit that was subsequently taken over at a huge premium. The mine in Mexico is now one of Goldcorp’s cornerstone assets and produced 411,300 ounces last year for the world’s largest gold miner.
Corman, chairman and CEO of Western Copper and Gold, got his start in the business as a mining analyst in the early 1960′s. Not surprisingly, the soft-spoken but confident dealmaker takes the long view when it comes to developing resource deposits.
“I’ve seen markets like this come and go before,” Corman says in a conversation recently at his Vancouver office. “The long-term outlook for copper and other base metals is exceptionally good. Either we’re going to have a real shortage of copper in the next three or four years or we’re going to go into a downward slide where every country in the world is going to go into recession. I don’t see a no-growth world.”
Taking the long view has been a winning formula for Corman – “I’ve never done a deal that didn’t make money for shareholders.”
His latest endeavour is advancing Western Copper and Gold‘s world class Casino copper-gold deposit in the Yukon. Its name may conjure up images of blackjack and roulette, but the advanced-stage porphyry project is among the most derisked mining projects in North America.
Western released a pre-feasibility study for Casino in May 2011 and completed a feasibility study in January. The latter study showed a 20.1% after-tax IRR and a $1.8-billion NPV at an 8% discount rate, based on US$3 copper and US$1,400 gold. (Dropping metal price assumptions to US$2.65 Cu and US$1,200 Au still adds up to an IRR of 15% and a NPV of $960 million.)
Casino hosts Proven and Probable reserves of 4.5 billion pounds of copper, 8.9 million ounces of gold and 65 million ounces of silver, with plenty of potential upside provided by expansion of the open pit. Capital costs are estimated at $2.46 billion, with a 3-year payback and a 22-year mine life.
Casino has “excellent” economics, Corman says, and is sheltered from the infrastructure and geopolitical risks of peer projects.
“This is a low-cap project and the grade is relatively high for the first 3 or 4 years, which allows for quick payback,” he says. “In terms of size, Casino competes exceptionally well with any project you might find in North and South America.”
Nolan Watson’s Sandstorm Gold (SSL:TSX), the junior precious metals streaming company (they make upfront payments for future gold production which they pay a fixed per ounce amount on, discounted to the spot price of the metal) announced today that it has entered into an agreement to purchase Premier Royalty (NSR:TSX) for 0.145 shares of Sandstorm. The total deal puts a value of $28.3 million on Premier with a per share purchase price equating to $0.89 per share of Premier, representing a 16% premium to the 20-day volume weighted average price.
In January 2013, Sandstorm bought 59.9% of Premier ” in order to have continued exposure to smaller stream and royalty acquisitions, while allowing Sandstorm to focus on larger transactions that are material to the company.” This may be a sign of the growing pains to come for Sandstorm and its challenge going forward; to find quality smaller scale streams and royalties which are not being absorbed by the larger streaming companies and that are not too far away from cash flowing. However, given management’s caliber and their track record of doing accretive deals, any risks associated with these types of transactions should be viewed as manageable.
Earlier this year, Premier bought a royalty package from Yamana Gold (YRI:TSX) which included cash flowing royalties on mines operated by Aura Minerals (ORA:TSX). The company also holds a 1.5% NSR on the Emigrant Springs Mine on the Carlin Trend in Nevada, operated by Newmont. Before this transaction, Sandstorm was expecting to produce between 33,000 and 40,000 ounces of attributable gold in 2013, but now they may add up to the 6,900 ounces Premier expected to produce.
News Release here: Sandstorm Gold Announces Agreement to Acquire Premier Royalty
Tommy’s Interview with Nolan Watson: Conscience of a Gold Miner
I am fortunate to have a copy of Donald Rumball’s 1996 biography of Canadian business legend Peter Munk, The Making of a Modern Tycoon, on my bookshelf.
The authorized account covers Munk’s escape from Nazi occupied Hungary to Canada as a Jewish teenager, where he went on to found Claritone, Canada’s preeminent stereo manufacturer, in 1958.
Munk was also an early promoter of Fiji and developed the South Pacific Hotel Corporation there. He founded Trizec Properties, one of the largest US real estate investment trusts, which sold to Brookfield Properties in 2006. In 1983, Munk founded Barrick Gold, today the world’s largest gold producer.
Despite recent headwinds for Barrick, Munk’s life and times have been nothing short of astonishing, with a cast of characters including Frank Sinatra, Adnan Khashoggi, Brian Mulroney, George H.W. Bush and countless other global leaders.
Rumball put Munk’s entrepreneurial brilliance succinctly, “For the first 30 years of his career, he spent most of his time creating visions, selling them to financial partners, and then working impossibly hard to turn the vision into reality before reality dissolved the vision. This aspect of entrepreneurs, almost magical in its power, is widely misunderstood and often deprecated, perhaps because most people do not themselves have the will or the courage to dream visions that defy gravity.”
Rumball also spells out Munk’s 34 Golden Rules:
In Palm Springs last Sunday, Mercenary Geologist Mickey Fulp told California Resource Investment Conference attendees, “A large exploration discovery in a relatively unknown terrain” is what’s needed to kick off this market. Sprott Global Chairman and panel emcee Rick Rule added, “What this market needs is a very large discovery that I own the hell out of.”
All four exploration experts expressed optimism for the future, and agreed that now is a great time to finance startups and buy really beat down stocks. Economist John Kaiser said that the market is assigning a zero premium, and geologist Brent Cook continued to say current share values could be considered a tenth of what they are going to be, even if current metal prices remain.
Video: Cambridge House
In this short interview with Eric King of King World News , Michael Belkin – Founder, Financial Market Strategist & Author of the Belkin Report, warns that investors are not prepared for the coming year, and that too many believe we are in recovery, when we’re not. He suggests the possibility of a 30% decline in S&P index and earnings this year and asks that investor take on a conservative mentality, selling on the rallies, and perhaps investing in Inverse ETFs.
Belkin posits that the “economic recovery after the financial crisis is anemic, and it takes much longer for things to get back to the level that they were before”.
He stresses that future asset depreciation is a strong force, and will counter the inflationary affects of debt monetization in the short run. However, Belkin warns that inflation and perhaps hyper inflation may be in our future depending on the monetary policy at the time, in which case we could see gold and other precious metal climb.
With special thanks to Odgers Berndston, global leaders in executive search, for supporting this production.
The Atascosa Ranch is walking distance from the US/Mexico border, just outside of Nogales, Arizona. It’s owned by Dave Lowell, an affable 84-year-old man who’s spent the past 75+ years hunting for buried treasure. Today, he’s known as the most successful mining explorationist of the past century, having discovered an unprecedented seventeen ore bodies, including the world’s largest copper mine. Last week, Lowell and his wife, Edith, invited us to Atascosa for lunch. We brought our cameras and sound equipment, and recorded a conversation with one of mining’s greatest outliers of all time.
J. David Lowell was born February 28, 1928, to a modest family, not too far from Atascosa (the ranch belonged to his uncle at the time). Lowell was first exposed to mining at age 7, when his father, a mining engineer, put him to work. When Lowell pursued his college education at Arizona and then Stanford, he concurrently worked at mines and on exploration programs. Not too long after he had completed his degrees, Lowell had become one of the foremost experts on copper deposits.
Lowell is probably best known today for co-authoring the Lowell-Guilbert Model, a guide to large, low-grade porphyry copper deposits published in 1970. Throughout most of his career, Lowell used the model to locate some of the most profitable mineral finds in the history of mining, such as the 1981 discovery of the Escondida deposit in Chile. Containing hundreds of billions of dollars worth of ore, Lowell and his colleagues found it at the cost of a mere $2.5 million.
Over lunch of elk tacos and Mexican fried beans, Lowell was modest about his success. But he offered a theory as to why major mining companies don’t make discoveries as efficiently as prospectors like Lowell. Major mining companies have a “don’t make mistakes” approach, which “doesn’t fit at all with the profile of the mad scientist who discovers mines,” he said. “When something like one in five hundred good-looking targets will become a mine, a successful explorationist needs permission to be wrong four hundred and ninety-nine times.” Here he paused. “If there’s anything my career says about me, it’s that I’m very good at being wrong.”
Despite being a pro about being wrong, Lowell does admit to limitations. Having “no taste for shareholder relations,” he recalled giving a presentation to investors in 1995 that resulted in the share price of one of his companies falling from $35 to $15 during the time it took him to finish his talk. The shares recovered shortly thereafter.
On the changing impact of technology on mineral exploration over the span of his lifetime, Lowell holds that it’s been “very little.” He believes that “geophysics has been very oversold,” instead favoring “drill holes and geochemistry… The best guide to ore is ore.” Lowell also voiced doubts that technology would be able to revolutionize mineral exploration the way 2D and 3D Seismic has for the oil and gas business, at least in the near future.
The commodities super-cycle is intact, Lowell believes. There’s elasticity in mining companies’ profit margins, he told us, but not in the demand for the underlying commodities they produce. For that reason, large, undeveloped, low grade copper deposits will need to be put into production, sooner than later.
When asked about his favourite jurisdictions for exploration currently, he told us he favors Chile, Peru, New Guinea, Mongolia, Nevada, and some parts of Africa. But he qualified his dispositions by recalling that attractive jurisdictions are constantly changing. “Places like Arizona were very attractive as a place to explore for copper deposits, and now Arizona is about as bad as Venezuela,” he chuckled.
When we moved on to the role luck has played in his career, Lowell avoided answering directly. Instead he responded that “minefinders who make one discovery are much more likely to find another.” His basic philosophy is that of persistence, and it shows — his career is equally productive after retirement age as it was before.
At age eighty-four, Lowell is not slowing down. With financiers Dave De Witt and Marcel De Groot of Pathway Capital (“as efficient, honest and reliable as partners get”), Lowell is developing several projects, including a titanium-iron deposit in Paraguay, which he believes is the largest of its kind in the world. Other active projects are under wraps for now, as to avoid competition. Investors who rode his Arequipa Resources shares from .20 to $30.00 in 1995 will surely be watching Lowell’s upcoming public ventures. An autobiography is also in the works.
It was an honor to spend time with Dave at his ranch, and we’re pleased to share some video, pictures, and sounds of the day. We hope you enjoy the following short film about the greatest outlier and maverick the mining industry has known in recent memory, J. David Lowell.
With special thanks to Odgers Berndtson, global leaders in executive search, who are working with us to grow their Resources practice. We look forward to introducing them to you over the coming weeks.
More: 50 Acre 1: Lowell Profile Backstory (CEO.CA), Lowell Institute For Mineral Resources (University of Arizona), Octogenarian Finds Copper With China As Biggest Customer (Bloomberg), Pathway Capital (Vancouver, Canada)