April 2017 | Business View Magazine

148 149 Eurasian Minerals, Inc. ples,” he says. “But because of the slow nature of that advancement, it’s one of the reasons that we also buy royalties when we can– that’s a royalty that was organically grown by some- one else but we were able to find it for sale and purchase it.”As an example, the company holds a royalty on a portion of Newmont’s holdings in the northern part of the Carlin Trend in Neva- da, which is one of the most gold-mineralized areas of the United States. “Newmont has a number of underground mines operating with- in the footprint of our royalty and we receive monthly royalty income from them. They re- cently completed a new, $300-million shaft to access our property and adjoining properties in addition to two other shafts which are existent on that property, as well. That’s a one-percent, overriding gross royalty that gives us cash for our balance sheet.” Finally, there is the occasional strategic in- vestment opportunity that, based upon the company’s business acumen and geological intelligence, tells it that a particular area has genuine prospects for development. “One of our most significant assets that we have on the books today is a strategic investment in ongo- ing discovery in far, southeastern Russia, called Malmyzh, which is one of the largest, ongoing new copper/gold discoveries in the world,” Cole says. “And we’re the largest shareholder in the private company which is advancing that dis- covery. That will be a substantial step in the history of our company when we complete a sale of that asset and we look forward to that sometime within the next year or two.” In addition to the Russian property, Eurasian Minerals has assets in Nevada and Arizona in the U.S., as well as Turkey, Sweden, Norway, Aus- tralia, and New Zealand. “Our geographical foot- print is quite broad,” says Cole. “We’ve moved around the world where we see opportunities at any given point in time, depending on what type of exploration opportunities we feel are most fruitful to pursue. Currently, we’re active in terms of new product acquisition, and new mineral rights which we are acquiring to dress up and add value, and then sell to an industry hungry for acquisitions. Our geological exper- tise is dominantly on the gold and copper side and you see that represented in our portfolio with many of our assets being gold or copper and, in some cases, related minerals that are associated with similar geologic terrains. But we are opportunistic and, generally speaking, commodity agnostic.” For example, the company has also acquired geothermal licenses in both Peru and Slovakia. In addition, Eurasian Minerals was one of the first companies to enter into Serbia after the Balkan Wars. “We acquired some early prop-