Geologist Lawrence Roulston is the founder of Resource Opportunities and the President of Quintana Resources Capital ULC
Geologist Lawrence Roulston is the founder of Resource Opportunities and the President of Quintana Resources Capital ULC
For decades, public companies were essential in order to pool lots of small investments which came largely from individuals. Those investors knew (or at least should have known) that they were speculating on high risk/high reward ventures. There were some spectacular successes that made it all worthwhile.
Over the past few years, the industry has become far too self-serving, with big salaries and perks skimming off a lot of the shareholder capital and skewing the odds even further against having a decent prospect for a payoff.
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While so many commentators focus on the so-called “slow down” in China, the world will use more metal this year than we used last year, and we will use more metal next year than this year. At the same time, existing mines are steadily depleting. There is an on-going need to find and develop new mines..