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Interview conducted by:
Lynn Fosse, Senior Editor, CEOCFO Magazine, Published – July 16, 2012
CEOCFO:
Mr. Graham, would you tell us a bit about Bold Ventures?
Mr. Graham:
Bold Ventures is a Canadian junior exploration company with a focus on the
Ring of Fire in Northern Ontario and the Abitibi Greenstone Belt of
Northwestern Quebec.
CEOCFO: Why are you interested in those two particular areas?
Mr. Graham:
This company has a wealth of experience in the Ring of Fire area being a
large portion of the team that actually made the discoveries up in that area
with Noront Resources in late 2006. The Abitibi Greenstone belt of
northwestern Quebec has been a prolific mining camp. With our experience
there and the new technology we employ we feel there are some real
opportunities in the areas we have chosen.
CEOCFO: Your website shows that your company is a forward-thinking
technology engaged team of geology experts. What is the approach that is
different?
Mr. Graham:
The approach that is different is actually a reconstituted approach from a
number of decades ago when mining companies used to carry out airborne
surveys over large areas of underexplored territory. With the advent of
updated technology in that area, the company has begun programs over the
last two years carrying out VTEM airborne electromagnetic surveys and
magnetic surveys that are really state-of-the-art in this day and age. The
real advantages are that the depth of penetration for these surveys is quite
a bit deeper, and we are able to search a little bit further under the
surface of the ground. There are still vast areas that have not been
explored yet, so between the two areas, the Ring of Fire of the James Bay
Lowlands of Ontario, and Northwestern Quebec, we are carrying these surveys
out over areas that are underexplored.
CEOCFO: What is happening on the ground with the individual
properties?
Mr. Graham:
Our Quebec properties are recently staked and are located along areas of
either past producers or new discoveries, and extensions to those that are
neighboring them. In the Ring of Fire, we have a wealth of experience up
there, and we have probably seen more technical data than most companies. We
have a successful road record up there with the discovery of multiple
mineral deposits, which are in various stages of feasibility studies.
Because of that, we believe that we are going to find the next large
deposit, and we like to look at it as we are hunting for elephants in
underexplored areas.
CEOCFO: What minerals are you looking for; what is the focus?
Mr. Graham:
Our focus is base metals and precious metals.
CEOCFO: Do you have a preference regarding metals?
Mr. Graham:
We have a great deal of experience in both areas, so there is not really any
preference, it just depends on the terrain we are working in, and the
commodities and their pricing.
CEOCFO: What is your two-minute take on what has been happening in
the marketplace today as far as metals?
Mr. Graham:
There is so much happening! I happen to think that commodities have taken a
bit of a pause here due to the global economics, and that gold is probably
taking a little pause here as well, we see it come down a bit from its
highs. Our thought is that in the long-run, these commodities will go back
up in price and demand. There are a couple of very strong depressing factors
on the market being the effects of the European block and their troubles
economically. Our long-term view is that if you keep finding these deposits
and put them into production, and usually because of the length of time, you
carry on through these down times and you will get the prices that you need
when you do finally get to the production scenario.
CEOCFO: Do you own your projects 100%?
Mr. Graham:
Our Quebec properties are 100% owned, and our Ring of Fire properties are
currently 100% owned and subject to an option to joint venture agreement
with a subsidiary of Dundee Corporation, who have a right to earn into our
various Ring of Fire properties to the tune of 33, and one third percent by
making expenditures on those properties which total $5 million.
CEOCFO: Is there a preference for either direction, or is it just
opportunistic as far as joint venturing or owning 100%?
Mr. Graham:
In the case of the Ring of Fire, it was just too good of a deal to turn
down. Having the association with the Goodman Group at Dundee, we find this
non dilutive financing of our expenditures to be an excellent result for our
company during these poor markets when stock prices are depressed. We have
100% interest in Quebec, so this is a grassroots effort. We staked these
claims in areas that we think have high potential. The main item there is
that before we would ever enter into any kind of agreements on it, we are
reviewing and compiling the geological data, and we will probably pare down
the size of those areas we are working in to the most prospective. If
somebody is interested in working with us, we would entertain that. However,
our prime goal is to own the majority of our project, which is not to say
that we would not spin off a project if it was not the center of our focus,
but at this point, these two areas are the center of our focus, giving us a
nice diversification between the two provinces.
CEOCFO: Would you consider additional properties if they came your
way?
Mr. Graham:
We are always reviewing properties.
CEOCFO:
What is the financial position for the company today?
Mr. Graham:
The company has approximately $2 million in cash. The option agreement with
Dundee gives us the financing to carry out our programs there. We are hoping
to nail down the exact date of our next drilling program probably over the
next month. We are in pretty good shape, we have sixty odd million shares
out and eighty million fully diluted, so it is a pretty good picture for a
junior.
CEOCFO: Why should investors choose Bold Ventures?
Mr. Graham:
One of the main reasons is that this company has two very strong components,
one being the exploration team, and one being the promotional team. With the
promotional team, there is Richard Nemis the CEO, who has a following that
is very widely distributed over a thirty-five year period. John Harvey the
chief operating officer of the company heads up the technical team and has a
tremendous road record of discoveries in his career and working with both
majors and juniors. You combine those two pieces together and the team we
have here is probably second to none in the junior sector.
People should really take a look at owning the stock in this company. We do
have some exciting projects coming up over the next month. What sets us
apart a little bit is having the financing association with a group such as
Dundee, and we think we are going to make the next major find.
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