Sprott’s Thoughts – Almaden Minerals: On Gold Discoveries & Successful Prospect Generation

Sprott's Thoughts7 July 2016

Share this:forward to friend Share FB Share Twitter Share LinkedIn Share Google+

Almaden Minerals: On Gold Discoveries & Successful Prospect Generation

By: Sprott US Media

Leading up to the Sprott Natural Resource Symposium from July 26th-29th, Sprott’s Thoughts is pleased to present exclusive interviews with executive team members of the conference’s Platinum Sponsors, an invite-only group of some of the world’s top resource companies.

In this edition, Sprott Global Investment Executive Jon Sebastian chats with Morgan Poliquin, of Almaden Minerals & Almadex Minerals. The two companies, led by the father & son team, Duane and Morgan Poliquan, have been exploring for precious metals in Mexico for 30 years. Founded by Duane in 1981, his son, Morgan, who earned a Ph.D. in geology, and now runs the companies.

During the interview, the ‘prospect generator’ business model was discussed, how the companies survived and thrived during multiple market cycles, and what’s next for the group.

For reference, a ‘prospect generator’ is a company which targets early stage geological anomalies. Ideally staffed by expert geologists, a prospect generator’s goal is to make an initial discovery—then sell a majority interest in the project to a larger company which finances the exploration & development work.

Morgan notes the group’s focus on Eastern Mexico, where over the course of many years of drilling low-cost exploration holes with company-owned drill rigs, they have built an unusually large portfolio of exploration targets—which can be sold or optioned to partners. It’s a large enough portfolio which may position the group to be a one-stop shop for companies looking to expand their own portfolios with acquisitions in this bull market cycle.

Discussing prior successes, Morgan shared background on the team’s gold discoveries made over the decades: The La Trinidad gold deposit, sold to Eldorado Gold Corp, the Santa Fe gold deposit, acquired by Homestake Mining, the Caballo Blanco deposit, bought by Timmins Gold, and the Ixtaca gold deposit, currently under development by Almaden.

Armed with a portfolio of thousands of exploration targets in Eastern Mexico and company-owned drill-rigs, the Almaden/Almadex team looks forward to continuing its history of making economic discoveries, and successfully optioning them out to joint venture (or acquiring) partners.

To hear about how the group got started, “wildcatting” for new discoveries, and how Morgan views the current opportunity in Mexico, click below to hear the whole interview with Sprott Global’s Jon Sebastian.

>>Almaden Minerals: On Gold Discoveries & Successful Prospect Generation (Click to Listen)

For more information on the Sprott Vancouver Natural Resource Symposium, please click here or contact your Sprott broker.

About the 2016 Sprott Natural Resource Symposium in Vancouver:

Sprott Conf

How can you maximize your profits from the long awaited precious metals and natural resources bull market? One time tested way is by listening to respected experts in the industry at the 2016 Sprott Natural Resource Symposium in Vancouver, Canada, July 26-29. Our clients have consistently rated this conference as the finest investment conference they attend.

Join experts including Jim Rickards, John Embry, Doug Casey and Steve Sjuggerud. Join the “living legends” of mining, men who built billion dollar businesses, and are doing it again:  Ross Beaty (who took Lumina Copper from $.50 to $140 in seven years); Robert Quartermain (who took Silver Standard from $.72 to $45in ten years); Rob McEwen; and Robert Friedland.

Meet and listen to fifteen of the most influential precious metals and natural resource oriented newsletter editors in the world. Meet over 50 public company exhibitors, who are allowed to exhibit because they are owned in Sprott managed accounts.

In the early stages of a resource bull market, can you afford not to go to the finest junior resource investing conference in the world?

For more information, please follow this link:  Sprott Natural Resource Symposium

 

This information is for information purposes only and is not intended to be an offer or solicitation for the sale of any financial product or service or a recommendation or determination by Sprott Global Resource Investments Ltd. that any investment strategy is suitable for a specific investor. Investors should seek financial advice regarding the suitability of any investment strategy based on the objectives of the investor, financial situation, investment horizon, and their particular needs. This information is not intended to provide financial, tax, legal, accounting or other professional advice since such advice always requires consideration of individual circumstances. The products discussed herein are not insured by the FDIC or any other governmental agency, are subject to risks, including a possible loss of the principal amount invested.

Generally, natural resources investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Natural resource investments are influenced by the price of underlying commodities like oil, gas, metals, coal, etc.; several of which trade on various exchanges and have price fluctuations based on short-term dynamics partly driven by demand/supply and nowadays also by investment flows. Natural resource investments tend to react more sensitively to global events and economic data than other sectors, whether it is a natural disaster like an earthquake, political upheaval in the Middle East or release of employment data in the U.S. Low priced securities can be very risky and may result in the loss of part or all of your investment.  Because of significant volatility,  large dealer spreads and very limited market liquidity, typically you will  not be able to sell a low priced security immediately back to the dealer at the same price it sold the stock to you. In some cases, the stock may fall quickly in value. Investing in foreign markets may entail greater risks than those normally  associated with  domestic markets, such as political,  currency, economic and market risks. You should carefully consider whether trading in low priced and international securities is suitable for you in light of your circumstances and financial resources. Past performance is no guarantee of future returns. Sprott Global, entities that it controls, family, friends, employees, associates, and others may hold positions in the securities it recommends to clients, and may sell the same at any time.

Proven & Probable

Maurice Jackson

All Rights Reserved.

The Information presented in Proven and Probable is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all Information available on or through this forum AT YOUR OWN RISK.”

Be the first to comment on "Sprott’s Thoughts – Almaden Minerals: On Gold Discoveries & Successful Prospect Generation"

Leave a comment

Your email address will not be published.


*