OutCrop Gold (OCG) - 'Hybrid' Generator Clear on Narrow Focus
Interview with Joe Hebert, President & CEO of OutCrop Gold (TSX-V: OCG)
OutCrop Gold is a Canadian precious metals explorer with high-grade silver assets in Colombia. The company operates under a prospect generator JV business mode: a strong hybrid business model. Prospect generators are generally a lot more honest and pragmatic than conventional miners. Their sole focus is monetisation and their fundraising capacity is usually severely inhibited.
Having recently raised $5.75M, OutCrop Gold are clear where is best to put this money. The share price has struggled in recent years, but a recent uptick has got the market interested again. OutCrop Gold has a portfolio of advanced exploration gold projects called Santa Ana, Cauca and Mallama; non-developed projects in Antares, Oribella, Lyra, Argelia and Kuntur; and also a royalty in the Willow Creek project in Alaska.
There is an encouraging institutional backbone to this gold mining story, with Eric Sprott sitting on close to 20%. The management team holds 25%, so they are clearly aligned with shareholders.
So, what will the focus be for OutCrop Gold? Everything has been parked up except for Santa Ana, which is where Outcrop Gold will be spending all of its time, money and resources. The gold player will be chasing high-grade, narrow gold veins and is attempting to develop its gold asset in a methodical, logical fashion. We like what we're hearing so far, now it's time to deliver some value to the market.