News

October 23, 2008

Firestone Ventures Shows Its Peers How To Contend With A Bear Market

By Charles Wyatt

Lori Walton, president of Canadian listed Firestone Ventures, has recently been in London to keep investors up to date with progress at the Torlon Hill zinc-lead-silver project in Guatemala. Not for her the tactics of so many of her male peers who appear to be hibernating in the hope that when they emerge from their dens in the spring this bear market will have gone away. She is conscious of the fact that you have to keep shareholders up to date through the good and the bad times if they are to retain confidence in the company and that is a message that Minews is going to hammer home relentlessly.

Torlon Hill cannot be brought into production before 2011 at the earliest and the world will be a very different place by then. In the meantime she has C$1.8 million in the kitty and has completed the spin-off of Firestone’s Canadian assets into a joint venture with Sherwood Copper called Northern Tiger Resources. As a result she can conserve funds and focus them on Torlon Hill, where things are going well. The current price of zinc has no bearing on the project at the moment and won’t have...