A low-risk trade is to lend money to "money printers" and hold the printing machines as collateral.
We lend gold to gold producers and hold the mining plant and equipment as collateral against the credit risk.
Review Independent Reports
We check that the money printer has ample paper and ink.
- We review the 43-101 Technical Reports on the mineral resources of the mine
- We verify mining titles
- Review Preliminary Economic Assessments
- Confirm year-round access to roads, electricity, personnel
Meet with Management
Confirm the money printer has qualified personnel to keep it running smoothly and efficiently.
We ensure management has a verifiable track record of prudence. That their actions match their intentions. We spend time with them to watch how they work and interact with staff and suppliers. We build long-term relationships with our borrowers and want to see them grow. We travel to remote locations to facilitate these interactions.
Analyse Budgets
We assess the profitability of the money-printing activity.
Gain an understanding of what is impacting the AISC (All-in Sustaining Cost) of the gold and silver produced by the mine. Part of the use of our cash should be directed toward reducing costs and improving margins in so doing, we de-risk our investment.
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