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TomaGold – Exploring with other people’s money

In our quest to find a junior explorer meeting all of our criteria, we discovered this “flying under the radar” Canadian company. What we found was a junior run with a tight cost structure (important to us), a portfolio of properties within Canada and perhaps most important of all, enjoying a partnership where someone else is spending all the money.

TomaGold’s flagship property is Monster Lake and the company is partnered up with giant IAMGOLD. As we post this, TomaGold (lot.v) has a share price of C$0.09 which gives them a Mcap of only C$7.3 million (80.8m sh out).

Listen to this (11 min) interview we did with TomaGold’s CEO, David Grondin, when we met with him in Hong Kong recently. Our impression of David is a guy who isn’t tainted with the mentality of many junior companies, a person who is hungry and eager to make something out of TomaGold. As the CEO, David Grondin owns ~5% of the company so he is aligned with the rest of us.

The introduction newsletter we made to our subscribers on TomaGold on April 14th can be downloaded on this link (pdf).
The excerpt on TomaGold from our Weekly Update on April 17th is found here (pdf).