Forward Looking Statements

Meet the hosts of Forward Looking Statements. In this short introduction to the podcast, recorded in Beaver Creek, Colorado, Jim Paterson and Brien Lundin explain why they started the show and what listeners can expect over the coming year.

Between them, Brien and Jim have spent decades in metals and mining and built overlapping but distinct networks across the industry.

Brien, publisher of Gold Newsletter, brings the view of an analyst who has followed a wide range of projects, people and ideas over multiple market cycles

Jim brings the perspective of a company builder who has focused on growing one company at a time

Together, they’ll sit down with the smart, reputable people they know in the sector to explore how they read the market, where they’re putting their time and money, and how they’re positioning themselves.

Both hosts believe this is the biggest and potentially most rewarding bull market of their careers, with important differences from cycles past. Forward Looking Statements is built to help investors understand those differences while the market is still in its early innings. 

Subscribe now so you don’t miss any of their interviews. 

Click here to check out the inaugural episode of Forward Looking Statements, recorded on location at the conference in Beaver Creek, Colorado, where Jim Paterson and Brien Lundin sit down with Fred Bell, CEO of Elemental Royalty, the day after the company announced the largest single transaction in its history.

The views expressed on Forward Looking Statements are for informational purposes only and do not constitute investment advice. Always do your own due diligence.

In the inaugural episode of Forward Looking Statements, recorded on location at the conference in Beaver Creek, Colorado, Jim Paterson and Brien Lundin sit down with Fred Bell, CEO of Elemental Royalty, the day after the company announced the largest single transaction in its history.

Jim first met Fred in Zurich in 2017, when Elemental was a private royalty company targeting half a million dollars in annual revenue and struggling to fund a $2 million royalty on its own. Today the company is on track for roughly $100 million in annual revenues. Fred looks back on that first meeting with Jim and John Robins of Discovery Group, why a London and Australian team chose them as partners for a North American listing, and how one introduction at a conference led to a network that help shape the company.

Fred also walks through:

The US$290 million acquisition of five streams and royalties from Orion, including a silver stream on i-80 Gold’s Ruby Hill Complex in Nevada

• How Elemental competes in a crowded royalty space, and why it has syndicated over $200 million in deal flow it couldn’t afford to fund alone
• Why royalty companies choose to share deals even when they don’t have to
• How cash flow from 21 producing mines gives a royalty company more diversification, and a lower cost of capital, than the major miners
• The decision to spin out the generation business and cut G&A by a third
• Why sellers have chosen to take Elemental shares instead of cash
• The lesson Fred values most from his career: good people introduce you to other good people, and in this business, reputation is everything

Learn more about Elemental Royalty at elementalroyalty.com

Subscribe to Forward Looking Statements for more conversations with the people and ideas shaping the metals and mining markets.

The views expressed on Forward Looking Statements are for informational purposes only and do not constitute investment advice. Always do your own due diligence.