John-Mark Staude, President and CEO of Riverside Sources, talks with Maurice Jackson about "Confirmed and Possible" about successes in 2018 and prospects for 2019.
Maurice Jackson: John-Mark Staude, President and Chief Govt Officer of Riverside Sources Inc. (RRI: TSX.V, RVSDF: OTCQB) joins us for a dialog the place information is golden. Dr. Staude, welcome to the present, sir.
John-Mark Staude: Thanks Maurice.
Maurice Jackson: We invited you as we speak to focus on a few of Riverside Sources' successes of final yr and the corporate's outlook for 2019. However earlier than you begin, for the primary time , Riverside Sources?
John-Mark Staude: Riverside is a lead generator. We’ve got been working for 12 years in search of tasks and in search of companions by means of the lead technology sector. We’ve got been uncovered to nice dangers whereas limiting draw back dangers.
Maurice Jackson: You talked about that you’re a lead generator. There’s a number of ambiguity concerning prospect / undertaking mills, which is why speculators usually neglect them of their portfolios. What kinds of aggressive benefits does a shareholder have with a undertaking generator in comparison with conventional exploration firms?
John-Mark Staude: I feel the very first thing to do is that you’ve a restricted shareholding construction, a key that enables different folks to spend cash. The second is that you simply get a number of photographs, a number of completely different tasks going down concurrently. Third, you shouldn’t have administration groups that should frequently return and refinance, in order that they will give attention to discovering out for shareholders. These three components make prospectors among the finest methods to put money into mineral exploration.
Maurice Jackson: Let's return to 2018 and share a few of Riverside Sources' successes as catalysts for 2019.
John-Mark Staude: I feel the very first thing to do is that now we have been in a position to construct on our earlier work on copper in order that in 2019 we are able to generate new main strategic alliances. Second, we signed a letter of intent with Sinaloa Sources. In 2019, we could have the definitive settlement and drilling program for the longer term. I feel third factor was the work we did on Cecilia. Excessive grade gold mineralization, superb geology. Now, in 2019, we are able to see the drilling. So now we have a number of catalysts in 2019. We’re actually enthusiastic about this coming yr.
Maurice Jackson: About 2019, let's speak in regards to the outlook for this yr. What's new and what’s Riverside Sources planning for this yr?
John-Mark Staude: I consider that one of many key parts is a brand new strategic alliance. Having a strategic associate might be nice, and I feel now we have it in sight. I feel the second factor might be drilling. We now have a definitive settlement underway with Sinaloa Sources, and we could have new property added to the portfolio. We can even diversify past Mexico. We’ve got been profitable in Mexico, however now we have additionally already executed nicely with the Canadian porphyry cups and the massive gold techniques of Arizona, and I feel in 2019 we’ll see ourselves once more diversifying into past Mexico to grab new alternatives. ]
Maurice Jackson: I want to broaden Riverside Sources' preposition on worth right here. The costs of gold, silver and copper are on the coronary heart of this dialogue. Double query. In your opinion, what are a number of the catalysts that can change these costs and how much affect can we anticipate this to have on Riverside Sources?
John-Mark Staude: One of many present catalysts is the uncertainty surrounding the commerce and a few uncertainties associated notably to the value of gold and, with this worth of gold, we discover that it has elevated; that is wonderful for us. We’ve got gold property within the soil and a rising gold potential. So I feel that gold might be a very important approach to do it.
Maurice Jackson: Let's be a bit extra particular for present and potential shareholders. What kinds of aggressive benefits does Riverside Sources have within the pure useful resource area included on this dialogue with worth fluctuation?
John-Mark Staude: One of many aggressive benefits now we have is information. We’ve got information, we may discover gold. We may discover copper. We succeeded. We labored in that space and made discoveries that had been later included into mines. This can be a aggressive benefit. The second is that all of us run. We’re within the place, we didn’t should cease in periods of financial downturn. We had been in a position to hold the identical competent technical folks completely. I do know, Maurice, you really went to the location, different folks visited it. We will actually show on the location the wonderful growth and ease of labor. I feel that our turnkey capability has been demonstrated by the strategic alliances now we have established previously and by many tasks that now we have been in a position to obtain. Thus, in 2019, this creates nice possibilities for the value of gold to extend, with the potential rise within the worth of copper, with the demand for copper from electrical automobiles and different makes use of of copper. Riverside is in a terrific place.
Maurice Jackson: Talking of web site visits, sure, I used to be there in April 2018 at Cecilia, and I observed that many intangible property weren’t on the stability sheet. May you share some with us?
John-Mark Staude: I feel certainly one of these is the connection. Whenever you go to the location, you possibly can see how nicely we get together with the locals. I feel the second is the benefit of entry, you possibly can see that now we have the keys to the door, now we have the power to entry tasks, paved roads resulting in the infrastructure of the world. It's really easy to have a look at a map, however in actuality, after we see that we are able to drive on paved roads, when now we have energy strains, when now we have water, when now we have every little thing it. I feel the opposite workforce is our workforce. When you possibly can see that now we have folks in the back of our firm doing the work for lots of different assist teams, they will actually do a superb job. Riverside has a terrific workforce. I feel these are a part of some intangible property that basically make Riverside distinctive.
Maurice Jackson: Talking of your workforce, lots of them are skilled of their tenure. Inform us in regards to the variety of years spent in Riverside.
John-Mark Staude: Riverside exists for 12 years and a few of them accompany it from the start. A lot of them have labored with me earlier than Riverside. Beforehand, I labored at Teck Sources, earlier than at BHP and even earlier than within the 1990s at Magma Copper. A few of these individuals who work with me as we speak labored with me on the time. We’ve got been pals for 30 years and we had been in a position to take part. We all know that now we have confidence, we all know what we are able to rely on and we all know now we have the abilities to hold out wonderful tasks. the excellence to belief what we do.
Maurice Jackson: Talking of Mexico, there’s a new president. What sort of affect do you anticipate the brand new administration to have on Riverside Sources?
John-Mark Staude: It's fascinating, we had been a bit of apprehensive at first, when the elections had been held, after we heard about completely different socialist actions, however very fascinating, since December 1, date of his election, it was in reality a professional, pro-development capitalism. There are at all times forwards and backwards noises on completely different points, they usually should be settled. However we are literally fairly optimistic in regards to the new President AMLO, and in addition the phrases and efforts he has made to assist develop a local weather conducive to funding. So we are able to see that this new administration is usually a good enhance for the mining trade. We’re somewhat happy with what is going on now.
Maurice Jackson: For Riverside Sources' portfolio of tasks to achieve success, companions within the three way partnership have to be able to decide to tasks. What’s their present stage of engagement at Riverside Sources?
John-Mark Staude: For the second, the very first thing to do is the very massive strategic alliance to come back. Secondly, there’s a drilling program and funding with Sinaloa Sources. The press launch might be launched quickly as we finalize the ultimate settlement, which now we have not finalized but, however we’ll get there and will probably be a significant program. We can even discover that now we have work on the property of copper, gold and silver, and that we’re working in the direction of the completion of our transaction for certainly one of our different properties. So, we really see a variety of capital inflows coming in and plenty of catalysts in 2019 due to associate spending.
Maurice Jackson: You briefly touched on the topic. How does fusion match into this narrative and to what extent is the merger proposal reasonable?
John-Mark Staude: So we’re speaking about transferring certainly one of our property to a different firm. We’re engaged on it now. Two facets, one is the capital and the opposite is the opposite half, the flexibility and the curiosity to have the ability to evolve it. We’re engaged on it now, and I feel it's fairly reasonable. This isn’t one thing during which we put all our eggs, however it will be an enormous step for Riverside to present our shareholders one other spherical of inventory, one other strategic approach to improve the worth for shareholders. I feel now we have the proper workforce from the opposite facet. It is going to be a very thrilling transaction sooner or later.
Maurice Jackson: John-Mark, what do you assume is the most important problem going through Riverside Sources and how are you going to repair it?
John-Mark Staude: One of many most important challenges is to search out extra companions in Mexico, and we mitigate it by working once more outdoors of Mexico, which permits us to amass our expertise and to nominate Freeman Smith. , our vice-president, exploration, lives in Vancouver, is aware of Canadian portfolios and property, and we reside in Vancouver, Canada, so it's very useful to diversify. This diversification additionally helps our shareholders. It helps us to be in Mexico and to leverage our information elsewhere, utilizing our expertise. We’re in a wonderful place for 2019.
Maurice Jackson: Let's speak briefly in regards to the capital construction. John-Mark, Riverside has a confirmed observe report as a superb capital supervisor. Remind us what number of shares there are excellent, what’s the worth of the corporate and what’s its monetary place?
John-Mark Staude: Riverside holds practically 45 million shares after 12 years of exercise. That is outstanding. On the monetary facet, now we have $ 1.5 million in money and the market is at present very low. So myself, I purchase extra shares. Market circumstances are at present at their lowest and I feel the potential for progress is excessive. The worth of our firm is just $ 5 million. Our market capitalization is $ 7 million. We’re nicely positioned to have a superb leverage up now.
Maurice Jackson: Final query. What did I neglect to ask?
John-Mark Staude: Properly, you at all times ask good questions. I feel one of many different issues is what we really see within the subsequent press launch. I feel the subsequent press launch would be the signing of an settlement. The signing of the provides is nice. These are the phases of the dynamics that we love. As well as, the addition of a brand new asset. This excites us. So, I feel now we have two new issues to come back, within the brief time period, that can actually make a distinction for Riverside.
Maurice Jackson: Dr. Staude, for listeners wishing to acquire extra details about Riverside Sources, please share contact data.
John-Mark Staude: We’re at www.rivres.com or name us at (778) 327-6671.
Maurice Jackson: As a reminder, Riverside Sources is listed on the TSX, image RRI, and OTCQB, image RVSDF. As a reminder, Riverside Sources is likely one of the Confirmed and Doubtless sponsors, and we’re proud to be shareholders of Riverside Sources for the virtues conveyed by as we speak's message. Lastly, please go to our web site, provenandprobable.com, the place we offer data on mining and bullion gross sales. You may attain us at [email protected] .
Dr. John-Mark Staude of Riverside Sources, thanks for becoming a member of us as we speak for the paper on Probé and Prouvé.
Maurice Jackson is the founding father of Confirmed and Possible, a web site that goals to counterpoint its subscribers by means of coaching in treasured metals and younger mining firms that can enrich the world.[NLINSERT]
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