Business
Coffee with Samso Episode 106 with Ed Turner, CEO of Kingwest Resources Ltd (ASX: KWR) Kingwest has made a gold discovery in a project that has been in plain sight for all to see for decades. The geology may have been there for millions of years, but explorers have gone up and down that area for decades. Mineral exploration is one of those business activities where patience is the biggest asset to have along with an eager investment partner. Over the years, many have coined the phrase, Cash Is King. The mineral exploration industry has lived and died on the fortunes of investors since the first geological expedition set out many moons ago. Lady luck is the next obvious attribute that all explorers require and in the case of Kingwest Resources, it seems that the ducks have all lined up for them. When you look at what I have called the Discovery Line, the fact that all but 2 of the drillholes intercepted mineralisation of some sort is incredible. As an exploration geologist, i will attest that this phenomenon is not common. We see more negative results than positive ones, especially in the beginning of the program.