Скачать или смотреть 'We are one of the few companies that actually makes money' - Eagle Plains Resources' Charles Downie

The project generator model is great due to the cash flow generation, said Charles Downie, president and CEO of Eagle Plains Resources.

Last week, Downie spoke to Kitco Mining.

Based in Cranbrook, B.C., Eagle Plains Resources (TSX-V: EPL) is a project generator focused on critical metals. Downie said that the project generator model mitigates the financial risks associated with mineral exploration.

"We are one of the few companies that actually makes money," said Downie. "The cash flow is great."

Eagle Plains Resources initially acquires and evaluates a project's mineral potential. If promising, the company will offer an option to other companies to fund further exploration in exchange for an interest in the project. The strategy allows Eagle Plains to conduct multiple exploration programs simultaneously, diversifying risk and potentially increasing the chances of discovery, all while preserving their treasury and maintaining a tight share structure.

The company has a copper focus due to energy transition and forecast supply constraints.

"A lot of the value is the gold-copper porphyries," said Downie. "We've got two excellent projects. One is the Theory project. It's adjacent to the Thesis Gold, and then we've got another one, Mount Polley West, which is adjacent to the Mount Polley Mine. They're both excellent projects."

Eagle Plains Resources was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V. The company is one of only three that has not seen a roll-back or restructuring of its shares. Eagle Plains has continued to deliver shareholder value over the years and through numerous spinouts has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plain's latest spinout, Eagle Royalties Ltd. (CSE: “ER”), was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.


0:00 - What is the business model at Eagle Plains?
1:50 - What is the project generator model?
2:55 - The importance of cash flow if you are a resource company
4:27 - Share structure at Eagle Plains
5:15 - What are some of the top projects at Eagle Plains?
10:00 - Spin-off companies at Eagle Plains
12:30 - Copper projects at Eagle Plains
14:34 - Royalties and Eagle Plains

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