Interview with George Frangeskides, Executive Chairman of Alba Mineral Resources (AIM:ALBA)We last spoke to Frangeskides in October. How have things developed since then for Alba Mineral Resources?Alba Minerals Resources is a small but multi-faceted UK-listed company. The company's projects range from the Horse Hill and Brockham oil & gas projects in England, along with polymetallic, multi-mineral projects in Greenland (4), Wales (1), and Ireland (1). Specific commodities of focus include graphite, iron ore, copper, gold, titanium (ilemnite), zinc, and lead. Talk about commodity diversification!Horse Hill is in production (1 & 2). The drilling was successful, bar a water issue. The vertical project is claimed to hold advantages over horizontal projects: around 2-3X. This is all on hold for the time being. The real mainstay is "HS1," which has been producing 250-300 barrels per day. Alba holds an 18% interest in Horse Hill Developments Limited, the owner of a 65% participating interest and operator of the Horse Hill oil and gas project. There is 25-years of planning permission and there is long-term consent from the Oil and Gas Authority (OGA). All of the regulatory work appears to be in place. The plans are to ramp up production to make it more profitable, but this is impossible right now because of the COVID-19-induced oil market crash. Alba Minerals hasn't been putting money into it as of late, but this could turn into a solid cash flow eventually. At the right price, Frangeskides would look to exit on favourable terms. Does the multi-asset, multi-jurisdiction model derisk things, or has Alba Minerals put its eggs in too many baskets? Frangeskides believes it is worth GB£5-5.5M.We then wanted to talk about the 90%-owned Clogau Gold Project in Wales. Alba Mineral Resources has the right to ascend to 100% ownership. The mine closed in 1998, but historically produced 80,000oz, making it the U.K's largest-ever gold producer. Historically, it is claimed that Clogau gold has been found in exceptionally high-grade pockets, with 'bonanza grades 'running from 10-100oz/t gold. In addition, one of the big marketing strategies has been the Welsh gold thematic: Alba Minerals Resources claims that Welsh gold can attract a 'significant' premium on the gold spot price: around a 2 to 3 multiple due to scarcity value. Is this nothing more than a marketing strategy, or is this substantial? The aim is to leverage existing historical data with modern technology, creating a well-positioned, high-grade, low-cost gold mine. Clogau was purchased for c. GB£1M, mainly in shares. Frangeskides doesn't think Alba Mineral Resources needs to produce as much as 80,000oz gold pa in order to make the operation exciting and profitable. 5,000-10,000oz pa would be enough. Welsh gold was last sold at specialist auctions and fetched 8-10X spot price rates in small quantities. Frangeskides is adamant: there is a market here. There are competitors out there, but Frangeskides would be looking to produce high-end, bespoke items that would fetch a "massive premium."What does the cash situation look like? Frangeskides claims the cash situation is sensitive, and that he can't discuss the numbers. What he can say is that in February, his company secured up to GB£1.1 million of funding from US-based institutional investment fund Bergen Global Opportunity Fund LP. Given the way the market has moved, this looks to have been a smart move.Moving forward, it appears there is little Alba Mineral Resources can do until the market becomes more favourable.  Company page: https://www.albamineralresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor