Crux Investor InterviewHi guys. In case anyone missed it here is the link to our interview with CEO John Proust:
We discuss with John Proust the promising Gold geology and geophysics in the region, as evidenced by one of the world's highest -grade producing gold mines, Sumitomo's Hishikai. 2 majors are involved: Barrick Gold and Newmont Corporation, but these might merely be option plays.
John tells us they have 30 different projects in total, and has spent C$26M. We ask him about the share price as it hasn't done much for shareholders. The key to unlocking the value of Japan Gold will be if the company can convert its asset value into gold ounces. Barrick is taking care of the development of 28 projects for the next 2-years, investing C$5M to assess them, but Japan Gold is bankrolling their involvement with the remaining two. It's eminently feasible that the 2 majors could walk away if the opportunity doesn't match up to their expectations.
It's easy to see why there are so many doubts, but there are plenty of reasons to be positive. This is a promising, vast portfolio, and if Proust can invest the company's money smartly, investors could yet be onto a real winner.
Let us know your thoughts!