Hey Miners, You Can't Live Relying On A Gold Rally - CEO

The mining space is currently not in a healthy space, but the value of the industry is not dependent on precious metals prices, said Steve de Jong, CEO of VRify.
“I think a lot of companies, we look forward to these rallies, but I don’t think we should be building our businesses based on the fact that our underlying commodity price may rally at some point,” de Jong told Kitco News on the sidelines of the International Mining Investment Conference in Vancouver.
“I don’t think any investor should be investing in us if our entire business plan is dependent on something we can’t control,” he added.
De Jong was the past CEO of Integra Gold, for which he developed from a $10 million exploration company and sold for $590 million to Eldorado Gold. He now helms VRify, a new Vancouver-based tech start-up that connects mining companies with investors using proprietary technology.
“I think the industry needs to find ways to attract new capital. We can’t just continue to rely on natural resource funds, and to do that, we need to re-evaluate how we present our stories,” he said. (show less)

The mining space is currently not in a healthy space, but the value of the industry is not dependent on precious metals prices, said Steve de Jong, CEO of VRify.
“I think a lot of companies, we look forward to these rallies, but I don’t think we should be building our businesses based on the fact that our underlying commodity price may rally at some point,” de Jong told Kitco News on the sidelines of the International Mining Investment Conference in Vancouver. ... (read more)

IMIC 2018

IMIC 2018
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