RE:Lac Top Pick for 2015 Right on Happy , I've been saying $3.00 all along , and possibly higher if you compare it to ORL , which has already broken the $3. mark and is not as good a raw resource as LAC.
Good post.
Pat is not one to look for the limelight, but behind the scenes, he is one of the titans. The founder and managing director of PowerOne Capital Markets, for over a decade Pat has been the brains behind some +200 financings that have raised billions, mostly for emerging private and public companies with world-class natural resource projects.
Pat's list of successes is overwhelming, especially given his age. He was instrumental in getting Aurelian Resources up and running with a C$0.10 financing, enabling that team to delineate 13.7 million ounces of gold in Ecuador and earn a C$1.2 billion takeover by Kinross Gold (K.TO) in 2008. He earned gains of up to 250 times (25,000%) for the early investors.
He helped create and structure Continental Gold (CNL.TO), a story that hit the markets in April at C$2.50, went to over C$10.00 (a 400% gain), and currently is trading in the C$4.50 range.We invited Pat to the Casey Summit in May 2010, and he named Cline Mining (CMK.TO) as his top pick. At the time it was worth around C$1.50, but within a few months was pushing the C$5 mark.
Rather than slow down and enjoy the rewards of his efforts, if anything, Pat is picking up the pace. When he is involved in a deal, he can move markets, and the amount of money he can bring to the table is astonishing. What impresses us the most is Pat's ability to pick a subsector that will be the next big thing. Whether it be reigniting the Yukon gold rush or pushing a royalty company, Pat puts his money where his mouth is, and that gives us all the confidence we need in his deals.