Roger Wiegand of TraderTracks on GSV
Published October 10, 12
TGR: All the midtier and senior miners need to start somewhere. Do you have any other examples?
RW: We are excited about Gold Standard Ventures Corp. (GSV:TSX.V; GDVXF:OTCQX) in Nevada. It has a property next door to the big senior miner, Newmont Mining Corp. (NEM:NYSE), in the Carlin Trend. That is Newmont's Rain mine and it is doing well. Some years ago, its chief geologist told management that it was trying to buy this property. In fact, Newmont was trying to get it for 15 years, but somebody else won the prize. The group that owns it now has done a fabulous job in exploration and startup. Not only that, it hired the senior geologist from Newmont to be the consulting geologist on this project. I view the Gold Standard Ventures property as an extension of what Newmont is already mining. That's just the way it's viewed.
TGR: What is the name of that district?
RW: It's called the Railroad
area.
TGR: And it just added the Pinion property to the south of that, correct?
RW: Yes. As you know, that whole region, generally for the big operators, has been an incredible producer. I can't remember the number on the amount of gold and metals they've pulled out of that region, but it's just fabulous. It's the southern end of the Carlin Trend.
"If you're going to hang on to a junior stock and a company follows the rules, we really prefer that it's sitting next door or in close proximity to a senior miner that's in operation."
Another point on Gold Standard Ventures, which encouraged me early on, is the fact that there's a very wealthy Canadian investor who bought in early, who owns 20% of the stock. He has a history of success in investing in these companies. By owning 20% of the stock, that stock probably isn't going to move until there is a merger, a sale or a something. Consequently, that's a big floor underneath the price of the shares. We think that one is a top opportunity. We like it a lot.