Hello fellow Gumshoers! In keeping with the Gumshoe process of performing due diligence for investing, I would like to share my results of a visit to Junior mining Home offices I recently visited. I work for Chevron Oil, and had the good fortune to visit beautiful Vancouver, British Columbia. Staying in downtown Vancouver afforded me the ability to visit the LISTED address of a majority of the Junior Mining Companies in my portfolio. I used the same MO when arriving at all the offices. I stated that I was visiting the area, and I am a stockholder of the company, and I wanted to insure there was a company behind the door. I had no expectation, other than to satisfy my own curiosity.
I did not get to visit all the companies in my portfolio, but I did get to visit some. I would like to share my results;
Western Pacific Resources (WRPSF); 902-555 Burrard St.
The Company was listed at the door, but when I went into the office,they were not in the building. A nice lady in a nearby office said ”she works from home” This could very well be a cost cutting measure, which I would think is pretty smart, as I am sure it cost a bunch of money to have an office in downtown Vancouver.
Millrock Resources (MLRKF); 800-789 West Pender St.
Not on the registry or in the building.
Kaminak Gold Corp. (KMKGF) 1020 800 West Pender St.
Very nice lady welcomed us (my wife joined me on this venture) and gave us a tour of the office. My timing was off, as it was lunchtime, and no one else was in the office. She gave me some pamphlets, and said if I had any questions to come back. I noticed that there was a brochure from another company in the lobby (Redstar Gold Corp. RGCTF), but she said they haven’t been in the office for a while.
Kiska Metals Corp. (KSKTF) 575 510 Burrard St. I lost the gentlemen’ s business card, and therefore cannot give him credit, but he was very accommodating, and gave us a tour of the office, showed us core samples, and gave me some literature. Very professional and pleasant. Well versed in the companies endeavors and finances.
Callinan Royalties (CCNMF) 770 475 West Georgia St. Here I had the good fortune to talk to Mr. Jonathan Rosset, Financial Analyst. He admitted that he had never heard of a stockholder visiting the company, and thought it was pretty smart of me. (I will always take a compliment!) He explained the companies positions and philosophies, and gave me some valuable ideas as to where to learn of some up and coming juniors, as well as recommending learning all I could about the Sprott Natural Resources convention. Excellent visit.
I saved the best for last, and hope everyone reads all the way through my dissertation, because I really appreciate what happened at Almaden Minerals.
Almaden Minerals (AAU) 1103 750 West Pender St.
I arrived at the office and was greeted by a very nice lady, who listened to my story. She asked that my wife and I take a seat, and she would see if she could find someone to answer my questions. It was obvious this was a working office, core samples were present, people bustling about, lots going on. She soon returned with a distinguished gentlemen that I immediately recognized as Mr. Duane Poliquin. He said he was on his way out, but he always had time for a shareholder. He invited my wife and I into the boardroom, offered us a refreshment, and proceed to listen to my questions, talked about Almadens history, projects and public relations efforts in Mexico. He and I discussed big oil, investing strategies and some ( but very little) politics. When he noticed his son Morgan walking by, he introduced him, and Morgan joined in the conversation.
I was amazed, as these men, who did not know if I had 5 or 5,000 shares, spent all this time with my wife and I. They were gracious, informative and polite. I do not want to be considered a ”Tout”, but I am sold on the quality of this Company, and it’s management. They obviously have done their homework and I will continue to add shares of this Company. It was a definite pleasure to make their acquaintance, and I hope my brief visit did not distract from the business they had to tend to.
Well, there ya’ have it, one man’s results. Learning as much as I can about where I am going to put my money will prove to be well worth the effort. Meeting people like Duane and Morgan Poliquin is an added bonus, and I want to publicly thank them for their time and information.
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