Stop looking at regional risk as 'black and white' - Fosterville South's Bryan Slusarchuk
Assuming you can assess a whole region with just one risk metric is a mistake, said the president and CEO of Fosterville South Exploration (TSX-V:FSX), Bryan Slusarchuk.
He spoke to Kitco late last month. Fosterville South Exploration has a project in Victoria, Australia.
Slusarchuk has experience working in multiple regions. In addition to Fosterville, he leads Mexico-focused Zacatecas Silver (TSXV:ZAC), which just started trading this week. Slusarchuk also co-founded K92 Mining, which is based in Papua New Guinea.
"[It's] a mistake to assume there are very good jurisdictions in the world to work in and very poor jurisdictions in the world to work in, and everything is black and white," said Slusarchuk.
He argues that investors should look to the particular project and assess the support around the operation.
"Every jurisdiction in the world has its unique challenges. Every jurisdiction in the world has its unique attributes and benefits to working within a particular area.
"I think that the most important thing is to have great local team members and great local support personnel in terms of contractors...that know the region because every region is unique."
Last month the Fraser Institute released its annual survey, which ranks mining investment attractiveness. The top of the list was North American heavy with Nevada at number one.
Turning to Fosterville South and its unique advantages, Slusarchuk likes to tout his neighbors.
Fosterville Gold Mine, owned by Kirkland Lake Gold, is one of the world's highest grade and lowest cost gold mines, and it is right beside Fosterville South Exploration.
"At Fosterville South we've acquired and assembled over a multi-year process what we believe is the premier exploration ground in Victoria," said Slusarchuk.