Sep 24, 2012
This is another Ron Hera that had an incredible story. They've got numerous projects around the globe, $34mm cash in the bank and many extremely high powered investors. They are finding and exploring viable projects which will then be sold off to major miners, bringing them cash and royalty streams. Management is highly experienced in the exploration and finance aspects of the industry and they've got sufficient resources to pick up projects that other juniors don't have the cash to develop. Sounds like a wining long-term strategy in the sector. We don't own the stock, we might at some point in the future. Do your own due diligence and be careful!