67 WALL STREET, New York - April 16, 2014 - The Wall Street Transcript has just published its Metals & Mining 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: Mining Safety and Environmental Concerns - Global Iron Ore Production - Emerging Market Infrastructure Construction - Chinese Demand for Industrial Metals - Zinc Supply Deficit - Demand Growth in Zinc - Accelerated Grid Spending in China - Copper Demand in China
Companies include: Paramount Gold and Silver Corp (PZG) and many more.
In the following excerpt from the Metals & Mining Report, the CEO and Co-Founder of Paramount Gold and Silver Corp. (PZG) discusses company strategy and the outlook for this vital industry:
TWST: How are these projects funded? Do you have strategic partners?
Mr. Crupi: Absolutely. One of the key shareholders, who has been supporting myself and the company for many years now, is Albert Friedberg out of Toronto. Albert is an investor. He likes to take a large position, and he owns around 20% of the company. He has been backing us, as I said, for several years. We're also well-positioned as we have over 25,000 shareholders. We trade on the New York Stock Exchange and that gives us a significant ability to raise capital when we need. So we've funded the company to date through various capital raises, and our liquidity has helped significantly. We're in the Russell 2000 and about 30 other ETFs.
TWST: How would you characterize the company's recent stock price behavior? Historically, I see that it spiked in early 2011 to just over $4 a share and since then trended down, but has shown recent strength year to date.
Mr. Crupi: Yes, correct. We made a significant discovery in 2010 at the end of the year, and so there was significant movement into the stock that made the stock push to about the $4.50 range on good volume. And I think what happened after - in 2011 to 2013 - was that the gold market itself fatigued, and it really affected gold equities as a sector. So we traded down with the group, the sector that was correlated to gold. So basically, gold stocks peaked throughout 2011 and then dropped significantly; I think the bottom was the end of 2013.
I think our stock touched around the $0.70 mark in December or January of this year. And once we touched that bottom, there was a significant influx of buying into the stock, and it's really following our good results this year. I think the stock had a nice strong move up back to the $1.20, $1.30 range, and I think we're well-positioned now to take this to the next level with advancing to the next stages in the project.
TWST: What are the macro trends, or other catalysts that you see ahead that could affect the company and the spot price of gold?
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.
- Basic Materials Industry