67 WALL STREET, New York - December 3, 2013 - The Wall Street Transcript has just published its Gold and Precious Metals Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Precious Metals - Lower Gold Price Environment - Precious Metals Exploration and Production - Increasing Capital Expenditures - Emerging Markets Silver Consumption - Mining Safety and Environmental Concerns
Companies include: Volta Resources Inc. (VTR.TO) and many more.
In the following excerpt from the Gold and Precious Metals Report, the President, CEO and Director of Volta Resources Inc. (VTR.TO) discusses company strategy and the outlook for this vital industry:
TWST: What are your market channels or consumers so-to-speak for exploration projects? Who are your projected buyers?
Mr. Bullock: Well, it's basically investors who are essentially buying a call on the gold price. So raising capital through private placements in the market means raising the money to explore and move the project forward. So investors looking to buy a company like a Volta which is a development company as opposed to strictly exploration – are those with interest in buying stock in a company that's eventually going to try and build a mine and create value that way by producing gold. We've already found the gold.
TWST: So the major part of your growth strategy for Volta is to build mines eventually?
Mr. Bullock: Absolutely. And that's how we differ from a lot of exploration companies who will discover something and then put their arms up and say, "we've gone as far as we can, we're for sale now." We can take things from discovery or acquisition right through development and into production, which is what we plan to do.
TWST: How far ahead do you expect the actual building of mines to occur? Is that dependent on the underlying stock price?
Mr. Bullock: We'll be finalizing a full feasibility, bankable feasibility study, by the middle of next year. Then, we'll have to go for project financing. Once that's done, it will take approximately two years to build the mine, because it's a very large operation that will produce over 200,000 ounces of gold annually...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.