Intercontinental Gold and Metals - 'Cause we trading places, Now put it on me baby
Matthew Gordon, Ptolemy Capital
7 Months ago
Interview with Gord Glenn, President and CEO of gold trader, Intercontinental Gold and Metals (TSX-V: ICAU)
Intercontinental Gold and Metals is a gold trading business with an operation in Bolivia. Intercontinental Gold and Metals tried to give investors exposure to the exciting upside of gold/precious metals investment, with none of the risk associated with the typical exploration, development and operation in the mining sector. It seems to us this is a fairly smartly positioned play, albeit at a very early stage. Glenn is right in saying that capital for high-risk ventures, like explorational drilling, has become sparser in recent years. This reminds us of some of the royalties, tailings and recycling companies we have interviewed. Mining is mining, but what if investors could access most of the returns of this field with less risk?
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