Brazil Resources Inc. (BRIZF)

[investor15]

Follow the Management Names: Taylor MacDonald

Source: Brian Sylvester of The Gold Report (1/6/12)

TM: One way is by refocusing on a list of core names. We are investing in fewer new deals and trying to play them much better; buy once and get as much as you can. We are looking to positions that are much more consolidated and focused, to know the companies better and be much closer to them.

Typically, we look for companies with a fair bit of cash on the balance sheet. The only exception to that would be investing in a company with a really high-torque management team that will be able to raise money irrespective of the markets. There are certain guys I would be confident in even if the treasury is looking a little skinny.

TGR: Do you follow certain people in terms of management?

TM: We are trying to figure out whom the next mining industry "rock stars" will be. So far, I would name Amir Adnani, Ian Slater and Nolan Watson.

Amir is the co-founder of Uranium Energy Corp. (UEC:NYSE.A), North America's most widely followed new uranium producer. The company is about to turn the key on its Goliad In-Situ Recovery project in Texas.

Amir also recently founded a new company called Brazil Resources Inc. (BRI:TSX.V; BRIZF:OTCQX). It has a stellar management team. The CEO, Stephen Swatton, was head of business development and exploration for BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK). The management team also includes the former head of exploration for Kinross Gold Corp. (K:TSX; KGC:NYSE) in Brazil and Herb Dhaliwal, who was Canada's Minister of Natural Resources. In all, this team has been involved in discovering 10 million ounces (Moz) gold in Brazil. The company is looking for large, district-scale opportunities. Brazil Resources also has a strategic partnership with the Brasilinvest Group, Brazil's first and best-recognized merchant bank. Brazilinvest bought 10% of the company and is using its considerable local network to bring in gold projects.

This company has a very tight share structure with only 35M shares out. It just closed a $4.8M private placement at $1.10/share. All told, the company has over $10M in cash on hand.

http://www.theaureport.com/pub/na/12186