{"id":1145714,"date":"2019-10-24T14:33:22","date_gmt":"2019-10-24T19:33:22","guid":{"rendered":"https:\/\/www.mining.com\/?p=1005210"},"modified":"2019-10-24T14:33:22","modified_gmt":"2019-10-24T19:33:22","slug":"how-2-million-became-500-million-in-mining","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1145714","title":{"rendered":"How $2 million became $500 million in mining"},"content":{"rendered":"<p>British Columbia- based business leader&nbsp;<a href=\"https:\/\/twitter.com\/sluzcap\">Bryan Slusarchuk<\/a>&nbsp;worked his way up from a golf caddy to a financier of major mining deals.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>His biggest triumph began in the mining downturn of 2014, when Bryan and partners advanced $2 million (of an ultimate $15 million purchase price) for a gold mine in Papua New Guinea worth ~$500 million today. And there\u2019s more &#8211; Bryan sees&nbsp;<a href=\"https:\/\/www.k92mining.com\/\">K92 Mining<\/a>&nbsp;(TSXV:KNT) growing its high-grade gold resource to big leagues: 5 million ounces plus and annual production of 300,000-400,000 ounces, while maintaining industry leading costs.<\/p>\n<p>When asked if he expects to ever find such good fortune again, Bryan\u2019s response reflected an optimism that is common among successful resource executives. \u201cI believe everyone gets 5 to 10 \u2018once in a lifetime\u2019 opportunities in their career,\u201d he said in a recent&nbsp;<em><a href=\"https:\/\/soundcloud.com\/tommy-humphreys-1\">CEO.CA&nbsp;Mentors Podcast<\/a><\/em>&nbsp;that covered his career and portfolio of mining ventures.&nbsp;<\/p>\n<p>As a teen during Expo \u201886 in Vancouver, Bryan brought home a full-size cardboard cutout of Ronald Reagan that inspired considerable teasing from his family. This unusual early interest in politics and also golf exposed Bryan to different careers in Canada\u2019s resource industry. A few hard lessons as a young broker at Canaccord financing \u201cIguana\u2019s\u201d (entrepreneurs who say \u201cI\u2019m gonna do this, I\u2019m gonna do that,\u201d without ever executing) led him to start building his own companies.<\/p>\n<p>Bryan is working to repeat the success of K92 in two new early stage ventures that he plans to list on the TSX-Venture exchange. These are:<\/p>\n<ul>\n<li><strong>Fosterville South Exploration Ltd<\/strong>, focused on high-grade gold projects in Australia nearby and adjacent to Kirkland Lake\u2019s Fosterville, the world\u2019s highest grade and lowest cost gold mine (Approx $18 million valuation);<\/li>\n<li><strong>Turmalina Metals Corp<\/strong>, building a high-grade copper gold portfolio in South America (Approx $25 million valuation).<\/li>\n<\/ul>\n<p>Podcast topics include:<\/p>\n<ul>\n<li>K92 Mining inception, struggle, and future plans (00:01-18:07)<\/li>\n<li>Bryan\u2019s youth and early career as a lumber trader and stock broker (18:07-29:09)<\/li>\n<li>Advice to young people considering careers in mining finance (27:27-30:32)<\/li>\n<li>The public venture capital industry and its challenges (30:33-36:03)<\/li>\n<li>How to be an effective promoter and handling criticism (36:26-44:54)<\/li>\n<li>New ventures he\u2019s involved with (47:43-54:15)<\/li>\n<li>The Jim Slusarchuk Memorial Golf Tournament, honoring his late father, who passed away when Brian was 17 (57:00)<\/li>\n<li>Plus much more<\/li>\n<\/ul>\n<p>Beyond his success as a venture capitalist, Bryan is an approachable entrepreneur with a big heart who has helped support&nbsp;<a href=\"http:\/\/ceo.ca\/\">CEO.CA<\/a>&nbsp;from its earliest days. I appreciate him for these reasons and for sharing his story with us.<\/p>\n<p><em><strong>Disclaimer:<\/strong> Expectations discussed, especially those for K92 Mining, New Fosterville Exploration, and Turmalina Metals may not materialize. Bryan Slusarchuk is a shareholder in K92 Mining, and shareholder and officer in New Fosterville Exploration and Turmalina Metals. Tommy Humphreys is a shareholder in New Fosterville Exploration and Turmalina Metals. K92 Mining was an advertiser on&nbsp;<a href=\"http:\/\/ceo.ca\/\">CEO.CA<\/a>&nbsp;in 2016.<\/em><\/p>\n<p><em>(By Tommy Humphreys) <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Columbia- based business leader Bryan Slusarchuk worked his way up from a golf caddy to a financier of major mining deals.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2648,624,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145714"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1145714"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145714\/revisions"}],"predecessor-version":[{"id":1145784,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1145714\/revisions\/1145784"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1145714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1145714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1145714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}