Shawn Wallace, Executive Chair, Torq Resources
InvestorSarfari Comments:
A short 5 minute interview with Shawn Wallace. Highlights:
Torq Resources has dedicated the entire company's fate to exploring their three properties in Chile because it's the best place for the biggest copper deposit discoveries. Confirmation of a big deposit is the only reason why a major mining company would be interested in a take-over. This is exactly what Torq is hoping to happen as an exit strategy.
In the last few years Torq has been carefully assessing and assembling acquisitions. True that this isn’t the most exciting part of the journey. But now investors can expect the fun to start, with more drilling activity and test results for the remainder of the year. This is especially the case with the recent Margarita discovery, where follow-up drilling has already begun.
Although the average generalist investor has been distracted by volatility and a soft market, there’s been a lot of attention from the major mining companies regarding the latest high-grade discovery at Margarita.
Shawn states that most junior mining companies have a tendency to over-promise when under pressure to establish timelines. This can become a problem in a sector that is riddled with environmental, legal and societal complexities that’s usually unpredictable. Torq takes the position that it’s best to educate investors and tame their expectations. By entering a region and establishing good corporate citizenship, it’s easier to get exploration done and return value to both the local and investor communities.
For investors in the junior resource sector, Shawn has this advice: check your greed. Be informed before investing and be disciplined enough not to be swayed by emotions. The sector is very undervalued right now, but as soon as metal prices appreciate, so will companies like Torq that offer a clear value proposition.