With over 300+ companies presenting at last week’s Vancouver Resource Investment Conference last week, CEO.ca’s team took in a lot of pitches.
One story that stood out was Redstar Gold Corp (RGC.V), as told by President and CEO Toby Mayo, who joined the company back in September 2014 after falling in love with the project.
The company has assembled an impressive technical team (Mr. Mayo, Jesse Grady and Rob McLeod) with strong financial backers to explore and develop the Unga Gold Project in Alaska, a high grade gold mine of a century ago.
Mr. Mayo is the former president of Concordia Resources (now part of Kaizen Discovery). As of September 30, 2014, Redstar had $2.5 million in cash and plans to drill at Unga this year.
Mr. Mayo gave us the Redstar pitch in 90 seconds:
Toby Mayo, Redstar Gold Corp, Cambridge House transcript:
I think that many of the problems that we will be facing this year we can overcome with this great story.
What are the three things that stand out?
Well certainly high grade.We are a high grade gold story. Alaska’s first underground gold mine operated on Unga Island at the turn of last century and it operated at about 10 grams per tonne.
We have got a historic resource on the property non 43-101 which is much higher grade than that. So grade is definitely the top story. We are in an fantastic part of the world, low geopolitical risk.
We have an excellent management team, that is new and fresh. Who have all joined the company because of this one project.
Any problems that we might encounter this year we can overcome with grade of the project. Any technical issues,any financing issues, grade is king and it will see us through.
This is not investment advice. Please do your own due diligence.