ZINC STOCK

CEOCFO-Members Login

2011

The Most Powerful Name In Corporate News and Information

Energy  |  Resources  |  Capital Goods |  Healthcare |  Financial  |  Technology  |  Communications |  Business Services

CURRENT ISSUE COVER ARCHIVES  |  INDEX  |  CONTACT  |  FINANCIALS |  SERVICES  | HOME PAGE

Strategic Resource Acquisition Corporation is Focusing on Their Lagoa Salgada Base Metal Concession in the Iberian Pyrite Belt in Portugal Where, in Addition to a 43-101 Inferred Resource of 578 million lbs. of Zinc Equivalent, Airborne Geophysics Indicate A Lot Of Potential for Zinc and Other Base Metals



Jr. Oil & Gas DBRM

Jr. Oil & Gas BEY

Jr. Oil & Gas MGWSF

Jr. Oil & Gas ATI

Jr. Oil & Gas FNR

Jr. Oil & Gas WPP

Jr. Oil & Gas XPL

Jr. Oil & Gas ATH

Oil Sands ATH

Light Sweet Crude XPL

Solar Energy CSKH

Renewable Energy CSKH

Wood Pellet VRD

Biofuels VRD

Wind Energy SENY

Green Technology SWHN

Clean Energy AEHI

Clean Technology SENY

Clean Technology TTEG

Clean Technology SYMX

Hydrogen Generators DYA

Energy Tech DYA

Energy-Tech ECNG

Environmental
Technology TOMZ


Environmental Technology AURT

Uranium ABE

Shale Gas ATI

Utica Shale ATI
 



Jr. Gold AEX

Jr. Gold ICX

Jr. Gold RCZ

Jr. Gold EXA

Jr. Gold FDN

Jr. Gold MAO

Jr. Gold EVG

Jr. Gold RYMM

Jr. Gold LAT

Paraguay Exploration LAT

Zinc SRZ

Precious Metals Extraction RYMM

Rare Earth ORE

Lithium LMR

Precious Metals AEX

Resources AUU

Mining GOZ
 



Capital Goods MNTX
 



Drug Development BPAX

Drug Development CTIX

Drug Development VICL

Drug Development RXII

Drug Development ANX

Drug Development NBS

Drug Development LLTP

Drug Development BPTH

Vaccine
Development VICL


Women's Health BPAX

Health & Wellness BTX

Health & Wellness SMEV

Health & Wellness WELL

Medical Device SFES

Medical Device
CSDT


Cancer Detection CSDT

Cancer Research CTIX

Cancer Research ANX


Regenerative Medicine PROT

Adult Stem Cell Research & Storage NBS

Stem Cell PROT

Stem Cell ISCO

Obesity Surgery SFES

GERD Surgery SFES

Biotechnology PVCT

Pharma URGP

 Autism Research CTIX

Animal Health BISU
 



Insurance MIG

Business Development WELL

Business Banks AMBZ

Commercial Banks CUNB

Commercial Banks CABC

Commercial Banks ECBE

Specialty Finance FSC

Specialty Finance GFIG

Specialty Finance FNR

Brokerage
Services GFIG


REIT TWO

REIT BDN
 



Technology ANDR

Video
Conference COWI


Telepresence COWI

Semiconducto LGL

Real Estate LCN

Infrastructure MRCR

Building Materials IBTGF

Fire Resistant Materials IBTGF
 



Business Services PRGX

Business Services CSPI


Business Services RKN

Business Services PMFI

Business Services AUXO

Business Services VSST

Business Services NSSI

Business Services GMT

Business Services ITEX

Business Services QIS
 



Canadian Resource LAT

Canadian Logistics GMT

Canadian Gold EVG

Canadian Oil ATH


Canadian Oil XPL

Canadian Biofuels VRD

Canadian Health
& Wellness BTX
 


 

Resources - Exploration
About-
Strategic Resource Acquisition Corporation (SRZ-CNSX)

Two Bloor Street West, Suite 3400
Toronto, Ontario, Canada M4W 3E2
Phone: 416-644-6000 x 650


Company Profile:

Strategic Resource Acquisition Corporation (SRA) (CNSX-SRZ) is a Toronto-based mineral development company, focused on acquisition and development of base and precious metal properties in Canada and in low-risk foreign locations. SRA currently has 100% ownership of one base metal concession at Lagoa Salgada in Portugal, located in the Iberian Pyrite Belt, a renowned mining district spanning Spain and Portugal.

Peter F. Chodos
President and CEO

Peter F. Chodos is the President and Chief Executive Officer of Strategic Resource Acquisition Corporation. He has over 30 years’ experience in the financial markets primarily in Canada but also in the United States and the United Kingdom. He has completed many merger and acquisition transactions as well as private and public financings and restructurings. Mr. Chodos was co-founder of two structured product firms which raised in excess of $300 million. Most recently, he was the President and Chief Executive Officer of a publicly listed mining merchant bank. Mr. Chodos has a B.Comm from McGill University and a Masters of Business Administration from Harvard University. He is a Chartered Accountant and a Chartered Business Valuator.

 

Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – March 4, 2011


CEOCFO:
Mr. Chodos, what attracted you to Strategic Resource Acquisition?

Mr. Chodos: What attracted me to Strategic Resource Acquisition was the potential to develop what we think is an outstanding opportunity in the Iberian Pyrite Belt. There are many deposits and producing mines in that belt. In addition, we have an opportunity to exploit a property that already has a 43-101 resource on it with a lot of exploration upside.

 

CEOCFO: What is it about that particular property project that stands out for you?

Mr. Chodos: The metal that we are focusing on at our Lagoa Salgada Concession at present is zinc. We think that metal has a particularly good outlook over the next several years, which is right in our time frame for the further exploration and delineation of the resource that we have now. There are numerous VMS deposits in that belt and we think we have tapped into one of them on this property. We believe that as a result of some of the airborne geophysics that have been done previously by another company, there are many exploration opportunities available to us. We believe that there is a lot of upside potential both for zinc and other base metals.

 

CEOCFO: Would you tell us a bit more about the market today and the availability for zinc.

Mr. Chodos: The market for zinc today relatively speaking is quite strong. The price has come up from the lows of the fifty or sixty-cent range to about a $1.15 a month ago and the spot price of zinc is about $1.07 right now. There are several forecasters that are expecting a zinc shortage at some point in the next three years. The developed economies are on a recovery path now and the emerging markets are obviously creating significant demand right now. So we think that the market for zinc at least is going to be pretty strong over the next several years.

 

CEOCFO: How developed is the property that you have as far as infrastructure and accessibility?

Mr. Chodos: The property is in Portugal and is about half way between Lisbon and the Algarve. It is very close to the main railway that goes north/south. It is twelve or so kilometers from a town of fifteen thousand people. It has all the requisite infrastructure that is required. However, the property itself is not developed in that sense. There has been some drilling, and the last drilling was in about 2006 under the previous owner.  The 43-101 was prepared based on that drilling and was issued in the summer of 2007. We have a deposit with an inferred resource of 2 million tonnes, which equates to approximately 580 million lbs. of zinc equivalent at a 14% grade, which is very sound and a good grade for that belt. The expectation is that with additional drilling we could expand the resource itself and upgrade part of the resource at least from inferred to indicated and maybe measured and indicated.

 

CEOCFO: Do you own 100% of the property and do you expect to continue with whatever arrangement you have now?

Mr. Chodos: We own 100% of the concession as we speak.

 

CEOCFO: Portugal has traditionally been mining-friendly, but some countries seem to change their opinion every so often; what is the situation in Portugal today?

Mr. Chodos: The good news on that front is that Portugal continues to be mining-friendly. Our interactions with the authorities on whatever level whether they be local or federal have been very good and the authorities have been very understanding; even encouraging. We believe that, given the amount of employment that is generated by the mining industry in Portugal, especially right now, the government is not inclined  to do anything that would turn investors or companies away.

 

CEOCFO: What is the financial picture like for Strategic Resource Acqusition today?

Mr. Chodos: If we are going to accomplish any exploration or work in and around the project, we are going to have to raise some capital. The company has some money in the treasury, but basically that is just enough to maintain its listing and status as a public company.

 

CEOCFO: What is the plan for the next year or so?

Mr. Chodos: The plan would be to raise some capital. Then basically once we have raised the capital to start the additional drilling geological modeling and geophysical modeling.

 

CEOCFO: Why should potential investors consider Strategic Resource today?

Mr. Chodos: To me it is very simple. I will give you five points. Number-one, this is an exploration property with a resource already in place, so that limits the down side. Number two; there is a lot of upside exploration potential in a well-known mineralized belt. Number three, we believe that SRA relative to its market comparable companies is undervalued. We acquired the property for about 1/20th of a cent based on the resource, per lb. of zinc. The market comparables trade at depending on what your sample is trade around 1.2 to 1.25 cents per lb. so there is plenty of room for an uptick in the valuation. Number four, the deposit is in Portugal, which is very stable and mining friendly. Finally, there is an experienced management and technical team.

 

CEOCFO: Final thoughts, what should people remember most about SRA?

Mr. Chodos: What people should remember about SRA is that it is significantly undervalued and the asset was acquired at a very, very advantageous price.


disclaimers

Any reproduction or further distribution of this article without the express written consent of CEOCFOinterviews.com is prohibited.

 

RYMM-Print Version


Recent CEO Interviews, Resources Stock, Metals Exploration, Junior Exploration Companies, Metal, Gold Producers, Precious Metals Stock, Gold Mines in the Western United States, U.S. Mines, U.S. Gold Producers, Gold Exploration Companies in Nevada and Washington, CEO Interviews,
Junior Exploration Stock, Junior Copper Stock Quotes, Peru Gold Exploration,
Mining and Exploration Stock, gold and copper/cobalt properties in Africa,

More headlines.....



ICS Copper Systems Ltd Acquires 100% Of Excelsior Springs Goldmine In Nevada
(ICX-TSXV)


With Four Different Mining Units Now In Production Getting Close To Their Initial Targets, ECO Silver Mining Inc. Is No Longer Just An Exploration Company
(ECU-TSX)


Having Recently Restarted Production On Their Hitura Nickel Mine In Finland, For Very Low Capital Cost, Belvedere Resources Limited Is Well Positioned To Finance And Advance Their Future Gold Projects
(BEL-TSXV)


SOLA Resource Corp. Is In The Process Of Making An Acquisition That Will Change The Face Of The Company And Give Them 50% Interest In A Producing Mine In Rondônia State, Brazil, Where It Is 50% Manganese – A Rarity In That Market
(SL-TSXV)

 

From The Exploration And Production Of Lithium To Partnering For Manufacturing, Lomiko Metals Inc. Is Developing Into A Fully Integrated Battery Company
(LMR-TSXV)


Pan American Lithium Corp. Is Focused On Becoming One Of The First Companies To Bring A Lithium Project Into Production In Chile Atacama Region III
(PL-TSXV, PALTF-Pink Sheets)


Aura Silver Resources Inc. Is Well Positioned For Long Term Value With Good Grades With Large Sized Properties In Both Mexico And Nunavut, Canada
(AUU-TSXV)


In 3 Years, Gold Ore Resources Ltd. Has Taken Their Bjorkdal Gold Mine In Sweden From Processing Low-Grade Waste To A Fully Producing Gold Mine Delivering 40,000 Ounces A Year, With A Plus 4 Year Mine Life
(GOZ-TSXV)


 

KAT Exploration Is Focused On Bringing Their Precious And Base Metals Properties In Newfoundland To A Level Where They Can Do Feasibility Studies And Attract Joint Venture Partners
(KATX-OTCPK)

Become A Member!
JoinNow 

Access thousands of full-text Public Company CEO & CFO Interviews!

You Get - the future plans for your stock investment - Financing, Growth Strategy, Company Contact Information and more!

Stay ahead of the pack!

Become a CEOCFO Member
Now! Only $9.99

*One year subscription!*

 

   

 

What attracted me to Strategic Resource Acquisition was the potential to develop what we think is an outstanding opportunity in the Iberian Pyrite Belt. There are many deposits and producing mines in that belt. In addition, we have an opportunity to exploit a property that already has a 43-101 resource on it with a lot of exploration upside. - Peter F. Chodos

ceocfointerviews.com does not purchase or make
recommendation on stocks based on the interviews published.

Jr. Oil & Gas DBRM, Jr. Oil & Gas BEY, Jr. Oil & Gas MGWSF, Jr. Oil & Gas ATI, Jr. Oil & Gas FNR, Jr. Oil & Gas WPP, Jr. Oil & Gas XPL, Jr. Oil & Gas ATH, Oil Sands ATH, Light Sweet Crude XPL, Solar Energy CSKH, Renewable Energy CSKH, Wood Pellet VRD, Biofuels VRD, Wind Energy SENY, Clean Energy AEHI, Clean Technology SENY, Clean Technology SYMX, Hydrogen Generators DYA, Energy Tech DYA, Uranium ABE, Jr. Gold CCD, Jr. Gold AA, Jr. Gold WCX, Jr. Gold AEX, Jr. Gold ICX, Jr. Gold RCZ, Jr. Gold EXA, Jr. Gold FDN, Jr. Gold MAO, Jr. Gold EVG, Jr. Gold RYMM, Jr. Gold LAT, Paraguay Exploration LAT, Zinc SRZ, Precious Metals Extraction RYMM, Rare Earth ORE, Lithium LMR, Precious Metals AEX, Medical Device COO, Medical Device SFES, Medical Device CSDT, Drug Development APRI, Drug Development BPAX, Drug Development CTIX, Drug Development VICL, Drug Development ANX, Drug Development NBS, Drug Development LLTP, Drug Development BPTH, Vaccine Development VICL, Women's Health BPAX, Health & Wellness BTX, Health & Wellness WELL, Cancer Detection CSDT, Cancer Research CTIX, Cancer Research ANX, Regenerative Medicine PROT, Adult Stem Cell Research & Storage NBS, Stem Cell PROT, Obesity Surgery SFES, GERD Surgery SFES, Autism Research CTIX, Insurance MIG, Business Development WELL, Business Banks AMBZ, Commercial Banks ECBE, Specialty Finance FSC, Specialty Finance GFIG, Specialty Finance FNR, Brokerage Services GFIG, REIT TWO, REIT BDN, Technology SPA, Technology ANDR, Advanced Power DPW, Semiconducto LGL, Building Materials IBTGF, Fire Resistant Materials IBTGF, Business Services PRGX, Business Services CSPI, Business Services RKN, Business Services PMFI, Business Services AUXO, Business Services VSST, Business Services NSSI, Business Services GMT, Business Services ITEX, Business Services QIS