http://www.anglopacificgroup.com/royalties/ring-of-fire/
The Group has a 1% life of mine NSR royalty over a number of claims on the Black Thor, Black Label and Big Daddy chromite deposits in the Ring of Fire region of Northern Ontario, Canada, operated by Noront Resources Limited following acquisition of the properties from Cliffs Natural Resources Inc. (‘Cliffs’) in April 2015.
The Ring of Fire royalty is classified as a royalty intangible asset on the balance sheet. As such, this asset is carried at cost less amortisation and impairments.
Royalty intangible assets are amortised when commercial production commences, on a straight line basis over the expected life of the mine.
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http://www.anglopacificgroup.com/leadership/
Julian Treger joined Anglo Pacific as Chief Executive Officer and Executive Director on 21 October 2013.
Julian has an MBA from Harvard Business School and a BA from Harvard University. He began his career working for Lord Rothschild as an in-house corporate financier, managing a portfolio of public and private equity investments before co-founding Active Value Advisors Ltd. to invest in undervalued, predominantly UK-listed companies, where he advised on more than $900m of funds over a 12-year period. Most recently, he has served as one of the principals of Audley Capital Advisors LLP, an investment advisory firm, which he co-founded in 2005, managing value-orientated, special situations investment strategies through hedge fund and co-investment vehicles, with a principal focus on the natural resources sector.
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Noticed an interesting 15 year old by the name of Adam TREGER, interviewing Mick Davis, X2 next week..Nov.23, 2015.
http://www.tregernomics.com/
Next interview: 23/11/15 – Sir Mick Davis, former CEO of Xstrata and current CEO of X2 Resources
