Acquiring distressed high-value assets is a lucrative strategy ORECAP Invest Corp. (TSXV: OCI) deploys to take advantage of the arbitrage between the sale and the true market value, company chair and CEO Stephen Stewart says.
ORECAP is scouring the globe for projects that suit its business strategy, though admittedly they are scarce, Stewart says in a new video during the recent Canadian Mining Symposium in London.
He explains how the company would want to identify a turnaround plan ahead of acting on acquiring a distressed asset. One early success was the acquisition of American Eagle Gold and its NAK copper-gold property in British Columbia.
The Northern Miner Podcast host Adrian Pocobelli sat down with Stewart. Watch the full video here:
JV Videos are sponsored content in arrangement with The Northern Miner.
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