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Frequently Asked Questions
Where did you get your experience
in this field?
After graduating from the University of Arizona with a Master's Degree
in Economic Geology, I was trained in exploration and acquisition techniques
while working at the Anaconda Minerals Company. I then joined Alan Bond's
private company to help him create Bond International Gold. We successfully
listed this company on the NYSE and raised US$300 million. These experiences
provided me with a first rate network of contacts ranging from prospectors
to investment bankers. My University training gave me strong research
skills.
How does Balfour Holdings get information?
More than fifteen years ago, we began collecting annual reports, press
releases and any other published information on mining companies and mineral
deposits. Today, our corporate library contains files on more than 6,000
companies and 10,000 mineral deposits. This allows us to research issues
and acquisition opportunities in detail without even contacting the targeted
company.
Do you use the Internet for finding
current information?
Yes. We spend about two hours each morning searching news services, visiting
websites and sending and receiving E-mail from around the world. This
data is then processed into our files.
With the large amount of information
available today, how can it be cost effective to maintain your databases?
The key to tracking information is to know what to monitor. Unlike
other research firms which try to track everything, we focus on only a
handful of key topics. In addition, our corporate library allows us to
conduct historical research without maintaining enormous and nonpaying
databases.
What kind of acquisition skills
does your company offer?
Having spent 15 years conducting due diligence, we have considerable experience
in "kicking the tires." We have learned that due diligence has to be a
team effort so we custom design teams of experts for our clients. Our
company also maintains the foremost database on transactions involving
base or precious metals deposits and companies. We actively monitor all
global acquisition activities and analyze their terms and conditions.
This database has a rigorous protocol which forces us to be disciplined
when collecting acquisition data. In turn, the database is routinely used
for comparable transaction analysis in our valuation work. It also gives
us insights into changing market conditions.
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