This is a very brief summary of what was a lengthy interview. Don’t rely on this summary. Watch the full interview which is linked at the end of this post.
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The companies, albeit paying or non-paying, get no questions upfront, no questions off the table, and no editing rights.
Time to Read: 4 minutes
Ramp Metals Company Overview
Ramp Metals (TSX-V: RAMP) is a junior exploration company focused on uncovering high-grade mineral deposits. The company holds significant land positions in underexplored regions and aims to create value through disciplined exploration and strategic partnerships. Recently, Ramp Metals has caught the attention of prominent investors due to a promising discovery in Saskatchewan, Canada.
Ramp Metals CEO Interview Summary
Why did Eric Sprott invest in Ramp Metals?
Eric Sprott became a long-term shareholder through our connection with Earth Labs. I have a good relationship with Denis Lavet, who has a solid rapport with Eric. Denis did most of the legwork in introducing our project to Eric, highlighting the potential of our high-grade deposit.
What questions does Eric Sprott ask when considering an investment?
Eric Sprott is a well-rounded investor, so he asks a comprehensive range of questions. Initially, we set up a call with Earth Labs’ technical team, where Garrett walked them through our core samples and discovery process. Eric appreciates high-grade deposits that show significant potential, like our project with 550 gram-tons potential.
How does insider ownership affect Eric Sprott’s investment?
Management currently owns about 55% of the company, including founders and directors. We are all escrowed for three years under standard TSX terms, meaning we can’t sell our shares until the project reaches a significant milestone. We raised initial funds at 15 cents per share, which allowed us to start exploration work and discover the anomalies.
Who is Garrett Smith?
Garrett Smith is a geologist with experience working for major companies like Newmont and Rio Tinto. He teamed up with Brett during university, and they both share a passion for true exploration. Garrett emphasizes the importance of aligning with shareholders and putting funds directly into ground exploration rather than running a lifestyle company.
Does Eric Sprott want to change the overall strategy of the company?
Eric Sprott supports our current strategy. We have a solid team of seasoned advisors, and our focus remains on exploration and discovery. We plan to stick with Ramp Metals until we achieve a discovery or reach a significant milestone, potentially leading to a buyout by a major player.
What’s the strategy for the next exploration program at Ramp Metals?
The exploration program is estimated at around $3 million, with plans to drill at least 5,000 meters over the next year. We’ll conduct a detailed mapping program as the host rock won’t show up in geophysics. Mapping is crucial to track shear zones and pinpoint gold-hosting areas accurately.
What is the geology of the Rottenstone SW property?
Currently, we have limited information on the geology due to minimal groundwork. The gold we found is hosted in both mafic and ultramafic rocks, as well as quartz diorite. Understanding the spatial relationship between different rock types and mineralization will require further drilling and analysis.
When will Ramp Metals start drilling again?
Drilling will resume once we have new permits in place. We aim to start as soon as possible, but there will be a lag time due to permitting and consultation processes. We plan to return to the site immediately after permits are secured, ensuring all necessary logistics are in place.
What is the significance of finding gold in a nickel area?
Finding gold in a nickel area is not uncommon, as seen in deposits like Tropicana in Australia. While we have yet to discover nickel on our property, the presence of gold and its relationship with different rock types is an exciting development. We continue to explore potential nickel targets alongside gold exploration.
What are the implications of visible gold in high-strain zones?
The presence of visible gold (VG) in high-strain zones is promising. It suggests potential for high-grade shoots within the deposit. Although we have only drilled one hole, the results indicate significant potential, and further drilling will help us understand the scale and extent of the deposit.
How does Ramp Metals plan to manage the logistics of the upcoming drill program?
We are fortunate to operate near Missinipi, a resort town with necessary amenities and infrastructure. Our logistics involve staging from the Missinipi airstrip, working with local contractors, and sourcing labor from nearby communities. We prioritize collaboration with local communities and businesses to ensure efficient operations.
What are the next steps if exploration yields positive results?
If exploration yields positive results, we envision a scenario similar to Great Bear’s success. We aim to continue drilling, expand the resource, and ultimately position ourselves for a potential buyout by a major mining company. However, market conditions and geopolitical factors also play a role in shaping the company’s future.
Ramp Metals Full CEO Interview (VIDEO)
In this interview, we delve into Ramp Metals’ recent success in attracting billionaire investor Eric Sprott and explore the company’s strategic plans for the future. CEO Jordan and geologist Garrett Smith discuss the details of the investment, insider ownership, and the geological characteristics of their newly discovered gold deposits. The conversation also covers the challenges and logistics of upcoming exploration programs, as well as Ramp Metals’ commitment to community engagement and sustainable development.
