Rick Rule, president and CEO Sprott U.S. Holdings, shared his investment ideas and view on exploration in an interview on the sidelines of the recent Prospectors and Developers Association of Canada convention in Toronto.
Rule’s top names include prospector-turned-royalty generator
Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMX) and prospect generator
Riverside Resources (TSXV: RRI). Sprott Global Resource Investments currently holds 13.5% of Riverside and 8.9% of Eurasian.
Simply put, prospect generators focus on adding value through exploration before attracting a buyer or partner to further advance the project.
“We see a dearth of exploration taking place, and arithmetically our experience has been the most efficient form of exploration finance is in prospect generators, where our money provides working capital for the assemblage of intellectual capital, where the risk is farmed out to others,” Rule says.
Continue reading at The Northern Miner.
Comments