The Greats: Canada’s Notable Mining FinanciersNed Goodman
Eric Sprott
Peter Brown
Robert Friedland
Murray Pezim
Patrick (Pat) Sheridan For mining exploration investors it is helpful to understand which financier or financial entity is providing the financing for the deal. Today, any deal that has the Sprott/Cormark, Dundee/Goodman, Friedland/Ivanhoe, or Canaccord names involved carries a certain level of credibility with it. The same is true of other, lesser known financial firms. Their companies thoroughly vet any deal they are involved with and try to de-risk as much of it as is possible.
An investor must always remember that exploration always carries a high level of risk, regardless of the risk mitigation measures taken. In the end, the fieldwork and geophysics leads to identifying the drill target. The most expensive part of exploration is drilling, so companies use every tool in the toolbox to identify the precise location of a drill hole that will presumably lead to the best result. Unfortunately, until you drill you won’t know what you have. But none of this can happen without capital.