Interview with Fred Davidson from Energold Drilling and IMPACT Silver

 

Energold Drilling Interview for MAC

Energold Drilling Interview for Windows

IMPACT Silver Interview for MAC

IMPACT Silver Interview for Windows

 

3 Comments to Interview with Fred Davidson from Energold Drilling and IMPACT Silver

  1. Roger's Gravatar Roger
    January 11, 2013 at 10:19 am | Permalink

    I just listened to the Impact interview, and it was the most useful educational interviews I have heard for a while. As a relative new investor in the mining business (less than 3 years), I must admit that I am no expert on the business and I feel much more knowledgeable after listening to the interview. Mariusz’s questions allowed Fred Davidson to first give an in depth history about IMPACT. The difference between the company that Fred found and the company it is today is a great testament to Management’s skill. The interview also covered Fred’s philosophy, which is impressive as Fred attempts to maximize long-term value, instead of the quarter to quarter results. For example, if in the long run it’s cheaper to process lower process ore immediately rather than later, he will sacrifice short term results in order to maximize the $ extracted from that ore. As an investor I’d rather he does that as the higher grade ore is still available for later. Also, for the first time I started gaining an appreciation as to the judgment involved in the various decisions of what kind of plant to build, the location of the plant, the size of the plant, and whether to build one large one or several small ones. Mr. Davidson also gives a great short lesson on what makes Mexico a great jurisdiction, and why it’s preferable to the US and Canada. These nuggets of knowledge will be useful beyond just the IMPACT decision. While I don’t know enough to determine if Impact is the best company (compared to others) to increase my investment in it in the short run, I know it’s a tremendous value for the long run, and that it’s run by one of the best management teams in the business. Thank you Mariusz for the interview, and I hope you continue to conduct more similar ones.

  2. David Landy's Gravatar David Landy
    January 11, 2013 at 4:30 pm | Permalink

    I agree with Roger. Great stuff Mariusz.

  3. Roger's Gravatar Roger
    February 20, 2013 at 4:45 am | Permalink

    Hey Mariusz, based on the destruction of all gold miners and silver miners lately, what are your thoughts about the value of Impact Silver and its prospects? From a fundamental perspective you’ve been dead on, even though from a price perspective the world is crazy right now…

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