Golden Eagle Mining came to us because they were unhappy with the performance of their previous corporate adviser and needed capital to finalise drilling necessary to quantify the resource they owned in Western Australia.
As anyone in the mining game knows, seed capital is essential to quantifying the dollar value of a resource under the JORC code but it is hard capital to raise. Essentially it is an educated punt and the most persuasive story usually focuses on the team as much as the tenement.
Robert Nash and his team from Golden Eagle were definitely the most fun to work with. We worked really well together and raised capital from Australian and also Asian investors through a capital raising program that involved international road shows. We raised $2,500,000 in five months. Golden Eagle Mining are preparing to list on the Australian Securities Exchange.