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j u n e / j u l y 2 0 1 5
METALS
FOR
THE
FUTURE
TA N TA L U M
N I O B I U M A N D
R A R E E A RT H E L E M E N T S
TSXv:CCE / FSE:D7H / commerceresources.com
Be a part of the team
Sintana-RW-thirdpg Ad-SE 05-19-15
SNN
TSX.V
might work in the next three months, I
hope to make substantial capitals gains by
speculating on things that will work over
three to five years.
Rw: Since there is the old adage "The
trend is your friend" do you favor stocks
that are targeting a commodity that is
trending higher in value?
RR: The trend is not my friend; I try to act
like a contrarian. I try to find a commodity
for which I am certain there will an ongo-
ing demand, where the selling price of the
product is less than the cost of production.
This means that 1) the price of the com-
modity will go up or 2) the commodity will
be unavailable to the market. So, commodi-
ties that are priced below the ongoing cost
of production right now (which include
uranium, platinum, palladium and zinc),
I find extremely attractive. I can't tell you
when they will go up; I can just say they
will go up.
I love speculating in "certainty" where
the uncertain part of the speculation is
time, which drives away other competitors
in terms of financing these companies.
Rw: Do you shy away from investing in
companies located in jurisdictions that are
politically unstable or have a history of
government greed?
RR: I do. I am very leery of companies
that are domiciled in Canada or the United
States which I consider to be greedy and
larcenous jurisdictions. I am only partially
joking. Look at how the New Democratic
Party in British Columbia decimated the
mining industry in the past or how the
government of Alberta doubled the natu-
ral gas royalty. What I am trying to say
is that political risk exists around the
world because the job of politicians is to
steal wealth which makes mineral depos-
its attractive targets. Political risk is color
blind and culture blind.
Rw: What do you think it will take to
jump-start a general recovery in junior
miners?
RR: I suspect that what will happen will
be the performance generated by the few
