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Kaizen Discovery CEO Matthew Hornor: Opportunity in a Bear Market

Copper Investing News, Aug 4, 2015

Kaizen Discovery CEO Matthew Hornor on what the company has been up to in 2015, and why he sees opportunity in the current bear market.

The Investing News Network was able to speak with Matthew Hornor, CEO of Kaizen Discovery (TSXV:KZD), at the recent Sprott-Stansberry Vancouver Natural Resource Symposium.

As this 2014 piece from Global Mining Observer explains, Kaizen was born when private surveying specialist HPX TechCo, controlled by Robert Friedland, took on the TSX listing of Concordia Resource in 2013. Several members of the management team at Friedland’s Ivanhoe Mines (TSX:IVN), including Hornor and esteemed explorer Dr. David Broughton, stepped up to head Kaizen, and the company has been making big moves in the junior mining space ever since.

In recent months, Kaizen has been putting out drill results from its Aspen Grove project in British Columbia and advancing permitting at its Coppermine project in Nunavut. It has also announced a transaction to acquire the Pinaya copper-gold project in Peru.

Certainly, Kaizen has been keeping busy despite a tough market. And while the copper price hasn’t been favorable, Hornor sees opportunity in the current bear market. “As the base metal markets and the commodity markets continue to go the way they’re going, that only provides more opportunities for Kaizen to get involved and pick up interesting assets at lower costs,” he said. “We’re in this for the long term.”

Hornor also spoke about Kaizen’s strategic partnership with Japanese trading house ITOCHU, what investors can expect next from the company this year and what it takes for junior mining companies to achieve exploration success. Echoing what others in the space have said, Hornor chalked up the success of Ivanhoe and Kaizen to having the right people in place.

“Robert Friedland has had a lot of success in his life, but it’s not by dumb luck,” he said. “There’s been many opportunities and projects that have come across our tables — we’re looking at thousands and thousand of them — and really having the right team in place who knows what to look for, and what they’re looking at, is key.”

Watch the video above for more of what Hornor had to say. Interestingly, the CEO also discussed why he left his position as a senior associate at an international law firm in Japan to join Ivanhoe and Kaizen.

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