Big Picture – A Deep Dive Examination of Metalla Royalty and Streaming Ltd
Metalla Royalty and Streaming Ltd Snapshot
Metalla was built to generate leveraged precious metal exposure by acquiring royalties and streams for our shareholders. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash generating asset base, combined with an experienced team gives Metalla a clear path to becoming one of the leading gold and silver companies for the next commodities cycle.
A pure-play gold/silver streaming and royalty company
Fixed per ounce acquisition cost means unlimited leverage to gold/silver prices
No exploration risk, mining risk, and project risk
Diverse structure focused on deals $2million – $10million
Immediate cash flow from producing operations
Historically, public multiples on cash flow average 20x -30x
Low insolvency risk due to asset-secured lending position
Approach to Royalty/Stream Acquisitions
Focused on precious metals streams and royalties
Management’s operating track record
Profit margin & position on the industry cost curve
Counterparty risk, jurisdictional risk, technical risk
Compliance with the Group’s corporate social responsibility policy
Detailed due diligence on assets production profile
Site visits by technical team and independent technical advisors local in the jurisdiction
Production assumptions based on existing mineable reserves, resources conversion assumptions evaluated on case-by-case basis
Consider other factors such as geology, infrastructure and permitting, which could impact production volumes or mine life
Legal ownership, permits, licenses, operating agreements, titles, and corporate structure
Originate new streams and royalties
Consolidate royalties held by:
Private parties and companies
Public companies (Exploration, Junior, Mid-tier, Major producers, Prospect Generators, and others)
Private equity funds, Special Purpose Vehicles, Private Investment funds
Other existing structures
President and CEO, Director
Mr. Heath has a comprehensive career in the structured finance, corporate finance, and investment management industry. He was previously the Chairman and CEO of High Stream Corporation before Metalla acquired it in August 2016. High Stream was a specialty streaming and royalty consulting company where he worked with First Mining Finance, (FF:CVE) and several other private equity funds, advising and brokering metal streaming transactions. Before that, he was the President of a private streaming company where he deployed $11 million in 4 producing streaming transactions in 3 separate jurisdictions. Prior to that, he was a founding principal of KSIR Capital Management a hedge fund focused on small and micro-cap mining companies. He also advised several mining companies with KSIR Capital, the corporate finance division of KSIR.
Mr. Beaudry is a Professional Geologist with over 30 years experience in project generation, business development, exploration chemistry and hands-on project management. Charles previously held the position of General Manager of new business opportunities with IAMGOLD Corporation from 2008 until 2009, after having spent nearly 17 years in various capacities for Noranda-Falconbridge-Xstrata, including as country manager of Brazil from 1996 to 2001 and manager of the Frieda River Project from 2005to 2006. Charles holds a Bachelors of Science in Geology from the University of Ottawa and a Masters of Geology from McGill University and is currently President and COO of Xmet Inc., a junior gold exploration company. Charles has broad expertise in metallogenic modelling, project generation, geochemistry, QAQC, statistics and Six Sigma quality improvement methodologies.
Mr. Tucker writes The Casey Report, a monthly investment advisory founded by legendary resource speculator Doug Casey. Prior to joining Casey, he served as the analyst and lead analyst on Stansberry’s Investment Advisory and The Bill Bonner Letter respectively. Prior to joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management, an asset management firm focused on precious metal equities. He also co-founded KSIR Capital, a corporate finance advisory firm focused on the precious metals industry. He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.
Lawrence Roulston is a mining professional with over 35 years of diverse hands-on experience. He recently founded WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry. From 2014 to 2016, he was President of Quintana Resources Capital, which provided resource advisory services for US private investors, focused primarily on streaming transactions. Before Quintana, he was a mining analyst and consultant, as well as the editor of “Resource Opportunities”, an independent investment publication focused on the mining industry. Prior to this, Lawrence was an analyst or executive with various companies in the resources industry, both majors and juniors. He has graduate-level training in business and holds a B.Sc. in geology.
Chief Financial Officer
Mr. Tsang is a Chartered Professional Accountant with a Bachelor of Commerce from the University of British Columbia and more than 10 years of financial accounting and auditing experience in the mineral exploration and mining industry. Prior to joining Metalla Royalty & Streaming Ltd., he worked in public practice providing professional services and advice to publicly traded companies on the NYSE, TSX-V, and OTC markets on various public reporting services, such as Qualifying Transactions for Reverse Take-Over, mergers and acquisitions, and financing transactions. Since then, he has served as the CFO of Atico Mining Corporation.
Ms. Casswell has been the Corporate Secretary of several public companies listed on TSX-V and the Toronto Stock Exchange since 1994, and has been providing independent corporate secretary services since 1995. Ms. Casswell has played an important role in the growth of these companies and is familiar with regulations governing public companies in several jurisdictions. Ms. Casswell has been and currently still is Corporate Secretary of a number of TSX Venture Exchange listed junior exploration companies.