Investorideas.com - Gold Stock Q&A; President Shares Why Yale Resources (TSX-V: YLL) is Different from Other Juniors
Gold Stock Q&A; President Shares Why Yale Resources (TSX-V: YLL) is Different from Other Juniors
Ian Foreman, P.Geo., President Shares Yale’s Unique Business Model
POINT ROBERTS, August 24, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks features a recent interview with Ian Foreman, P.Geo, .President of Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB).
Q: Investorideas.com
Ian, your company has a unique model as a junior gold stock, with properties in Mexico, associations with multiple other exploration companies and cash flow from equity ownership in multiple publicly traded mining stocks. Can you first share with investors your property interest and strategy for Mexico?
A: Ian Foreman, P.Geo, .President
Yale Resources Ltd. is an exploration and development company building value utilizing the Project Generator business model. The Project Generator business model historically has been one of the most successful in our industry. A Project Generator acquires undervalued projects then advances them and/or incubates them. We then look for other resource companies to acquire a percentage interest (an option) by making staged payments, share issuances and exploration commitments over a number of years. Upon successful completion of an option Yale would then have a minority interest in a project but that project would be much more valuable as a result of the dollars spent.
Yale has 9 projects in Mexico. We concentrate in northwestern Mexico in the mining friendly jurisdictions of Sonora and Chihuahua. We have gold, silver and base metal projects and we currently have four projects optioned out. I am always working to add to that and am confident that we will have an additional two properties optioned out before the end of the year.
It is going to be a very busy fall/winter for us as many projects will be worked on and we anticipate that we’ll have a couple of our properties drilled as well.
Q: Investorideas.com
Can you give investors an overview of your oil and gas venture and the cash flow it brings to the company?
A: Ian Foreman, P.Geo, .President
Approximately 6 years ago we purchased a small interest in two producing oil and gas wells in the U.S. This investment has now paid for itself twice over and the monthly payments we receive are used to reduce the Company’s costs here in our office.
Q: Investorideas.com
Can you give investors insight into the equity portfolio the company has acquired in other mining stocks and why and how they transpired?
A: Ian Foreman, P.Geo, .President
As a result of our association with our current and past partners we have built up a portfolio of shares that have been given to the Company as payment. The current value of our portfolio is in excess of $300,000.
Q: Investorideas.com
For investors specifically following the gold play at Yale, what is next for the company?
A: Ian Foreman, P.Geo, .President
I have to be careful what I say here as a lot of things are in the works. I guess all I am allowed to say is “what this space” as I’m very excited about some of the conversations/negotiations that we’ve had.
More info on Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB)
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Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB)
Yale Resources Yale Resources Ltd. is an exploration and development company building value utilizing the Project Generator business model. With its Mexican operations based out of Hermosillo, Sonora, Yale is utilizing its extensive Mexican network to identify, acquire and advance projects of merit. Yale's partners are scheduled to spend greater than $1,000,000 on exploration on the Company's properties over the next 12 months.
Contact
Ian Foreman
info@yaleresources.com
www.yaleresources.com
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