Energy and Gold interview with Bob Moriarty Energy and Gold - Bob Moriarty: Invest When You’re Terrified, Sell When You’re Pleased Goldfinger: So if you think copper is going to go to US$4-$5 per pound in the next five years how do you play it? Do you buy a big producer like Freeport McMoRan or do you buy a copper ETF?
Bob Moriarty: A big producer like Freeport may not even move that much even if copper goes up 30% or 40%. What you want to do is buy explorers like Barksdale (TSX-V:BRO). Barksdale is in Southern Arizona and Peter Megaw is the technical advisor to the project and the company right next door to Barksdale (Arizona Mining) just got sold to South32 for C$2 billion. Barksdale has what they call the Sunnyside Project right next door to South32’s Taylor Project and there’s a pretty damn good chance that the high-grade skarn copper-lead-zinc mineralization extends at depth from Taylor to Sunnyside. Peter Megaw believes Barksdale has the sweet spot of the deposit. He’s the expert on those sort of deposits so he’s worth listening to. You want to choose the stocks that will give you the most leverage to higher copper prices and Barksdale certainly fits the bill.