Jim Paterson: Start Paying Attention to the Junior Miners Before its Too Late
Tom welcomes back a past guest Jim Paterson who is Chairman and CEO of ValOre Metals Corp. Jim says, “It’s time for people to get serious about the gold space and focus on projects that are advancing as those companies will get rewarded.”
The general investment community has yet to take a new interest in mining and gold. When attention returns, you will see movement first in the big names in mining. Things are looking exciting as projects in the gold space are getting funded.
There is a perfect storm brewing around the world for gold. Mine shutdowns are causing supply issues but at the same time operating expenses are in decline.
Uranium has been a frustrating sector, but the number of new nuclear reactors is growing, supply destruction is genuine, and the price is beginning to move.
Time Stamp References:
0:44 – Magnitude of the global black swan.
2:30 – Generalist investor phase is coming.
4:40 – What to look for in companies.
6:10 – His impressions on silver.
9:20 – Perfect storm for gold.
11:20 – Mining operation expenses and oil.
12:20 – Supply deficits in uranium.
15:20 – Status of their uranium project.
17:10 – Demand for other metals.
21:10 – Comparing jurisdictions.
Talking Points From This Episode
• Excitement is returning to the mining sector.
• General investors have yet to take an interest.
• Operating costs for mines have declined.
• Uranium production cutbacks.
Jim Paterson is Chairman and CEO of ValOre Metals Corp and is a principal of the Discovery Group. Jim remains actively involved in marketing and corporate development activities for the group companies since 2002.
Jim has over twenty-two years of industry experience, including capital raises, acquisitions, joint ventures, spin-outs, RTOs, and IPOs. As the Chairman and CEO of Valore Metals Corp., he was a driving force behind more than $60 million in equity financings for ValOre that lead to multiple discoveries and a 200% increase in mineral resources at ValOre’s Angilak uranium project.
Jim was a long-standing and active director of Kaminak Gold Corp. (acquired by Goldcorp.) and founding director of Northern Empire Resources Corp. (acquired by Coeur Mining). In 2007, Jim founded Corsa Capital Ltd. Corsa’s 2008 IPO lead to a 2010 transaction that created a leading U.S. metallurgical coal producer with a C$250M market capitalization.
Jim is the Chairman and CEO of ValOre Metals Corp., a director of Bluestone Resources Inc. and Strategic Advisor to Great Bear Resources Ltd., Genesis Metals Corp., Dunnedin Ventures Inc., and Ethos Gold Corp.