News

April 21, 2009

Rimfire Minerals Intends to Court European Investors With Its Exploration Success And Shrewd Business Plan

By Charles Wyatt

Canadian-listed Rimfire Minerals has often been ahead of its time regarding the spread of risk, both geological and financial, on its projects, through clever joint ventures. David Caulfield is again leading the field as he sets out to attract a European investor base with chief executive Jason Weber leading the attack. There is no need for this to be an expensive operation if it is well planned, but Canadian juniors have to appreciate that fund managers in London, Edinburgh, Paris and Zurich prefer to have had time to digest information about a company before making a decision to invest. In other words it is not tactful to ask for funding at the first meeting. Maintaining a sequence of visits builds confidence and then investment decisions should follow with the great advantage that these fund managers tend to stick with their shareholdings.

In the case of Rimfire there is logic in the business plan which will appeal to European investors. It seeks out early stage precious metal prospects and advances them to the stage when joint ventures can be negotiated with bigger and well funded companies. Traditionally, it has confined its activities to Western Canada and Alaska for three very good reasons.  First, because its management has accumulated fifty years of unparalleled technical and operational expertise in these areas....