When Peter Munk Ran Barrick, They Could Act Quickly and Decisively

Back when Peter Munk ran Barrick, he had the centralized power to decide: "Wow, I really like this Westward Gold (CSE: WG) SSD Zone high-grade gold discovery directly adjacent to us. It's just like Fourmile. We should act quickly and decisively to acquire it immediately." He made the decision to acquire Arequipa Resources after only 9 drill holes at Pierina.

There's no way to know if Westward Gold (CSE: WG) is even on their radar screen yet. The truth is they are making so many new high-grade gold discoveries at Fourmile that even if they learned about WG's SSD Zone today for the first time, they're probably okay with WG doing all of the work for now, even if they know WG's valuation is likely to increase significantly.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from WG of US$60,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.