Ari Sussman's Continental Gold (client and long position) was discussed in this interview with Paul Harris, Editor of the Colombia Gold Report:
Paul Harris Has Something to Say About Colombia's Gold Exploration Sector
Excerpt:
TGR: How do investors make money in Colombian mining equities or companies with projects in Colombia?
PH: Well, Brian, I think you, as a journalist writing about exploration stocks, are in the unusual position of making more money than those that invest in exploration stocks at the moment. Seriously though, management, as always, is a key thing. There are companies that have very good management in Colombia. One of the best examples is Continental Gold Ltd. (CNL:TSX; CGOOF:OTCQX), but there are others likeB2Gold Corp. (BTG:NYSE; BTO:TSX; B2G:NSX). The company has been very successful raising funds, finding projects, drilling and developing resources.
Continental is continuing with its pre-project developments, such as driving three development tunnels to better access its Buriticá deposit, and it continues to put out good drill results. It's working on a new resource estimate and a prefeasibility study for mid-2014 and is working with the mining ministry on a program to legalize about 500 informal miners in the Buriticá area. Apparently the government is very pleased with its progress and participation to date.
TGR: Is Continental still the best bet to be the first company to go from discovery to production in Colombia in the modern era?
PH: Yes, without a doubt.
TGR: Will Continental need to return to the market for more cash?
PH: I would imagine so. It's in a pretty good cash position, but the mine is going to cost more than it has to build.
TGR: Will the company need a partner?
PH: It shouldn't because it is planning a relatively low capex project, so financing through debt and equity should be within its capacity and ability.
Read more: Paul Harris Has Something to Say About Colombia's Gold Exploration Sector
Related: Continental CEO Ari Sussman Interview
[Disclosure note: We are biased in bringing forward coverage on Continental Gold Corp (client company and long position). This is not an investment recommendation. Please see our disclaimer.]