Frank GiustraI was initially pissed at the consolidation of shares but having billionaire Frank Giustra backing this deal and project (and likely sitting on the board!) gives this this project a new lease on life and will open a few eyes. This guy is huge and will likely finance the building of Toruparu himself or through his company Fiore. From this angle its a great deal and gives me confidence that our mine will be built. As far Silver Wheaton is concened I'm sure they will love dealing with their old friend Frank since he is the one that spun it off from Goldcorp way back when I believe.
https://ceo.ca/2014/07/17/how-canadian-tycoon-giustra-builds-ten-baggers-in-mining-and-energy/
https://en.wikipedia.org/wiki/Frank_Giustra
Frank Giustra, President & CEO, Fiore Financial Corporation
Frank Giustra is CEO of Fiore Financial Corporation, a private firm managing a broad portfolio of private equity investments. Mr. Giustra has an established track record of building natural resource companies through access to capital and creative deal-making. Through his leadership he led the launch of numerous resource companies, including Wheaton River Minerals Ltd. (acquired by Goldcorp Inc.), Silver Wheaton Corp. and Pacific Rubiales Energy Corp. Mr. Giustra’s entrepreneurial success also includes the founding of Lionsgate Entertainment, now one of the world’s largest independent film companies. He is also a strong believer in philanthropy, and devotes much of his time to a variety of causes. In 2007, Mr. Giustra and former President Bill Clinton launched the Clinton Giustra Enterprise Partnership, with the focus of creating social and economic development programs in parts of the world where poverty is widespread, including Colombia, Peru, Mexico, India and Haiti. Mr. Giustra is a board member of Lionsgate Entertainment Corporation, Endeavour Mining Corporation and Petromanas Energy Inc., Catalyst Copper Corp., and Thunderbird Films Inc. In addition, he sits on boards of the Clinton Giustra Enterprise Partnership, The Bill, Hillary and Chelsea Foundation, International Crisis Group, The Radcliffe Foundation and Vancouver Streetohome Foundation.