Pierre Lassonde on gold, copper and 2 stocks he’s buying right now
We had the rare opportunity to speak with Pierre Lassonde, CM, OQ for PrivatePlacements.com, discussing everything from today’s runaway inflation, to why he’s more bullish on gold and copper than on uranium battery metals, to potential commodity breakouts and beyond.
Pierre Lassonde is one of the most famous metals investors in the world. As a member of the Canadian Mining Hall of Fame, the former chairman of the World Gold Council, a recipient of Canada’s Order of Merit, and a genuine legend in the mining sector, he’s been a major player in the industry for decades.
Mr. Lassonde is perhaps best known as the mind behind the tremendously successful Franco-Nevada Corp. (TSX, NYSE: FNV), the world’s first gold royalty company, which today has a market cap of over $31 billion. During Lassonde’s early tenure at the company, it grew 36 percent compounded for 19 consecutive years.
Another interesting interview. Obviously someone like Lassonde is going to be given about as much access to management as one could possibly get which definitely gives him an advantage relative to typical retail investor. Another thing is that he would probably never buy something that Crescat owns. He seems to buy at the bottom of his own curve with a 43-101 reserve in hand with drilling upside and an undervalued asset (almost like buying discounted beta to gold/silver) with optionality on a larger potential resource size (alpha source). One that came to mind in this type of scenario is Lion One. Another is potentially Novo Resources if they can get Beaton’s Creek to 120k oz per year and then expand the resources nearby.
I thought of another – Golden Tag. Might have to revisit that one.