Kevin Smith, Tavi Costa and Patrick Highsmith are this week’s guests.
Crescat Capital became known to your host when one of the top exploration geologists in the world and a regular guest on this show, Dr. Quinton Hennigh, joined the company as its technical advisor. His job is to assist Crescat in selecting small exploration companies that are in the process of discovering world class mineral deposits. Even before Quinton joined them, Crescat had won a large number of awards as a top hedge fund firm over the past couple of decades. While most firms were suffering large losses over a 5-year period ending in 2010, Crescat averaged 27.2 % annual gains which included the worst stock market crash since 1929.
The same independent thought process that enabled that success has now led the company to focus heavily on commodities and precious metals as they recognize that the biggest gains at this time can be made by investing in small cap companies that are able to discover world class gold and silver deposits. Hence the addition of Dr. Hennigh as a vital member of the team in identifying companies that have what it takes for exploration success. Names like Eloro Resources, Eskay Mining, and Lion One Metals, all sponsors to this show and heavily invested in by Crescat, are on their way to outlining billion-dollar gold and silver assets.
Tavi and Kevin explain why they favorite gold and silver exploration stocks at this time and Patrick Highsmith explain the exciting investment thesis behind Firefox Gold, which is also an investment held by Crescat and a sponsor to this show. Fortunes are being made in the junior exploration sector and few, if any, hedge funds are finding more success in that sector than Crescat Capital.
