Giustra opinion of PTA (Referenced Quote)Related industries
“In the resource business, you have to look at the related businesses of each of these commodities.” Fino tells his guests over whisky with coconut water one night. “The other products and materials used in production, the infrastructure… Do you have any idea how much lime it takes to produce gold at our mines, and how big of an opportunity there is in the lime business in South America, along with all the gold production coming on stream?” he continued. “Do you know how many steel valves we use at Pacific Rubiales? How much light oil we need as a diluent for our heavy oil production?”
Of all the companies in Frank and Fino’s portfolio, Petroamerica Oil Corp. (TSXV:PTA) is the one they’re most excited about. “There’s a huge opportunity for Petroamerica to be the consolidator of light oil projects in Colombia,” Fino says. “CEO Nelson [Navarette] is the top oil executive in Colombia, with the best connections in the country. This is the next Pacific Rubiales.”
https://ceo.ca/2013/04/02/colombia-giustra-iacono/
Frank and Fino are two of the largest holders of PTA shares, last at 32 cents.