Tag Archives: Resource investor

A Resource Investor: Tom Kaplan

 

 

 

 

 

 

 

 

 

 

 

In all seriousness, whether you agree with his thoughts on gold and resource investing, he has the proper attitude for an investor.

See the letter to shareholders from Tom Kaplan: NG_AR_2016 (pages 5-7)

and NG_AR_2015 (pages 2-10)

NovaGold may not be the cheapest long-dated option on the market because of the partnerships that they have with Barrick and Teck.   Also, even if the grade of gold to tonnes of earth/rock is double the average resource, there are many other costs to consider when comparing projects.

Another long-term investor in a long-dated option (Seabridge might be sold for $0 to a major copper miner and then take back a gold royalty stream in return for the project to be developed) to read: SA_2015_Ann_Rep

What sets the gold price: A lesson in flawed logic.

What sets the Gold Price