Pierre Lassonde - The Founding of Franco-Nevada with James Connor

Franco-Nevada was founded in 1985 by Pierre Lassonde and Seymour Schulich. Pierre shares exactly how he and Seymour stumbled upon Goldstrike, which became a company maker for both, Franco-Nevada and Barrick.
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If you register for this webinar/interview you agree to the following; This webinar is provided for information purposes only. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. All webinar participants or any person watching a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of December the 18th, 2023, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes on. Bloor Street Capital was paid a fee for this Interview.

[@BloorStreetCapital]

Did you enjoy this interview, why or why not? Who else would you like to see? What sectors?

[@issenvan1050]

Steve Hanke, John Paulson, John Greenwood, Doug Casey, Lobo Tiggre, Nick Gerli, Richard Heart…& whoever talks about money supply (not the funds rate).

[@issenvan1050]

Gary Cardone.

[@JamieDupont-tj5lx]

Eric Sprott, another legend!

[@reggieduquesnoy]

How about real guys one never hears from like Friedland, or someone from Orion Capital/

[@issenvan1050]

Bill Flenckenstein.

[@johncoates968]

Pierre Lassonde and Seymour Schulick are true legends. Thanks

[@BloorStreetCapital]

Agreed and thanks for the comment John and for the ongoing support! Who else would you like to see on the channel? Any other subject matters?

[@JamieDupont-tj5lx]

James, very much enjoyed this and very well done. We don't often see this level of production on KZbin. So many good takeaways and I will watch again on the weekend. The story on Goldstrike was great!

[@BloorStreetCapital]

Thanks for the comment Jamie! We do try!

[@michaelpotter4067]

This is an excellent interview on how Franco-Nevada grew into what it is today. It would be great to have a series of similar interviews on the histories of other great mining companies like Wheaton Precious Metals, Barrick, Newmont, Agnico-Eagle and Rio Tinto

[@BloorStreetCapital]

Thanks for the comment Michael and for the ongoing support!

[@paulvarey2416]

Great interview. Really enjoyed this interview.

[@BloorStreetCapital]

Thanks for the comment Paul and for the ongoing support! Who else would you like to see on the channel? Any other subject matters?

[@jimallen833]

Jimmy watched this twice, your best work yet! You are ready for CNBC bro. This should have 10k views.

[@BloorStreetCapital]

Thanks for the comment Jim and for taking the time to view our content (twice)!

[@bullishforgold8790]

This is so refreshing! So much of what we see and hear on KZbin and social media is all hype, no substance, and in many cases, pure fabrication. This interview was on a caliber of traditional journalism. Pierre was very forthcoming and fully transparent, with the only exception being no mention of Cobre Panama. I'm assuming this is because the situation is still fluid. Well done gents!

[@BloorStreetCapital]

Thanks for the positive comment and for taking the time to view our content!

[@rainerkromarek5042]

Thanks for this. I enjoyed it.

[@BloorStreetCapital]

Thanks for the comment Rainer and for the ongoing support!

[@peterjohn5834]

James stunning work and interview with a legend. You have a gift of communicating your interest with your client and it shows. None of this crap screaming and interrupting as appears mandated on other outlets. Thanks very much.

[@BloorStreetCapital]

Thanks for the positive feedback Peter! Who else would you suggest for an interview?

[@maverickbrown]

Excellent interview. Appreciate the high quality content.

[@BloorStreetCapital]

Thanks for the positive feedback and for taking the time to view our content!

[@alexandrapetre3009]

Pierre discuses a 'black swan' event and I totally agree. I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and I hope gold will help.

[@BloorStreetCapital]

It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!

[@kevinhawthorne5257]

Great Video!

[@BloorStreetCapital]

Thanks for the comment Kevin and for the ongoing support! Hope it warms up in FL!

[@omerarduc7371]

Franco is my largest holding and any pullback is an opportunity to buy more. Well done gentlemen.

[@BloorStreetCapital]

Thanks for the positive comment and for taking the time to view our content!

[@HML-it7te]

I really enjoyed every word of this interview, particularly 33:34. I hope other CEOs are listening.

[@JamieDupont-tj5lx]

Well done James and Pierre, very well done! The story about Goldstrike was riveting. I couldn't help but think what happened to the person who sold a asset for $2 million which was effectively worth billions. Another suggestion for you is to get Seymour on or both together.

[@BloorStreetCapital]

Thanks for the comment Jamie and for taking the time to view our content!

[@waichui2988]

Black swan events are those events that by definition, cannot be prepared for. These are events that are completely outside or opposite of your world view. These are events that you think are impossible. If you "prepare" for their occurrence, they are bad things, but not black swan events.

[@BloorStreetCapital]

It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment and you raise a very good point!

[@TT3TT3]

Thanks !🎉

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content!

[@seanbarnes3298]

Solid interview, Jimmy!

[@BloorStreetCapital]

Thanks for the comment Sean and for the ongoing support!

[@levteck]

Belle interview. Félicitations pour votre succes.

[@BloorStreetCapital]

Thank you for the comment and for taking the time to view our content! Merci

[@stuarthinds848]

Superb

[@BloorStreetCapital]

Thanks for the comment Stuart and for taking the time to view our content!

[@constantinemandylas715]

Wonderful story about the waitress. Thanks.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Yes, it was a great story!

[@michaelbrown5311]

Pierre is an amazing story teller but Jimmy you didn't ask who was the better skier and who was the better poker player!!!

[@BloorStreetCapital]

Thanks for the comment Jamie and the ongoing support Michael! Yes, I missed a great follow up question.

[@BrianHeimbuecher]

Very insightful. Thank you for the episode. I'm now a subscriber!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Brian and for taking the time to view our content and thanks for Subscribing!!! Who else would you like to see?

[@BrianHeimbuecher]

@@BloorStreetCapital Hi, Jimmy... While. I don't know specific names, I can think of some interesting storylines: Trilogy Metals and the wrench US regulators (and some unexpected First Nation opposition) have tossed into their proposed operation... Western Copper & Gold and their partnering with Mitsubishi and Rio Tinto, and the infrastructure they're building (and how they got the stake from Capstone Copper)... Speaking of Capstone, they have some interesting tech coming on line for recovering more metal from tailings. They're in a jurisdiction where water is becoming an issue for water-intensive industries like mining. What's that like? I'll keep in touch and will stay subscribed!

[@user-ti5yg1lz3c]

Very exciting and informative interview. Thank you! FN is one of my favorite stocks. It seems like it is a good time to buy more?

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Best in class!

[@reggieduquesnoy]

Refreshing and disarmingly honest: chutzpah, brass balls and a lassondian "curvy" Lady at your side. The holy trinity. The real Goldfinger, though with oil & gas in the mix, fingers in a few other pies also. But FN keeps it simple, nothing cryptoic about it. In French, la sonde means both a drill and a probe; if you know the drill and have probity on your side, you've got it made! Well, nearly. Nice one, Jimmy. But would have asked him about Panama. 1/5 of the portfolio revenue from one asset, even with 400 mines is not exactly balanced diversification.

[@BloorStreetCapital]

Thanks for the Detailed comment Reggie and for the ongoing support!

[@BloorStreetCapital]

Re Panama stayed away for obvious reasons.

[@issenvan1050]

Timestamps would help.

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! We will work on this.

[@IGGYNOB]

Its clear that jurisdiction is absolutely critical based on Pierre's own words, yet he ranks it as the 3rd most important. This is a contradiction

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Agreed! It doesn't matter how good management is or the asset if the asset is based in a high risk jurisdiction like Mongolia, DRC or Panama.

[@jamespier7801]

when you’re hawking gold ofc you need to gin up that fear of disaster

[@BloorStreetCapital]

Thanks for the comment James and for taking the time to view our content! Yes, gold and fear quite often go hand in hand.

[@PonziZombieKiller]

👍✌️🚬😎

[@BloorStreetCapital]

Thanks for the emojis and taking the time to view our content!

[@PonziZombieKiller]

​That was an amazing guest​@BloorStreetCapital

[@BloorStreetCapital]

@@PonziZombieKiller Thanks for the comment and for taking the time to view our content! Pierre is a true gentleman!

[@issenvan1050]

Where is his $20k gold?

[@BloorStreetCapital]

$20k? When did he say that?

[@issenvan1050]

@@BloorStreetCapital On a number of occasions. He rarely gives interviews, but re-iterates his $15k-20k gold call time after time.

[@wayne4768]

bitcoin is digital gold?????? Absurd

[@BloorStreetCapital]

It's Jimmy Connor, from @BloorStreetCapital, thanks for the comment Wayne! Yes, I would agree but many people don't. Nothing better then gold in the hand!

[@2sluts225]

It was a great interview as long as pierre was talking about gold and mining , when he started talking about crypto he showed the depth of his knowledge on the subject which is absolutely zero.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Most gold bugs haven't taken the time to study it in depth just like crypto bros haven't really taken the time to examine the merits of gold but both own each asset for the same reasons.

[@omerarduc7371]

crypto is crap

[@foumar5217]

Yes, 400 roalties and one big risky 20% royalty stream in Panama which went belly up and crashed the stock price by 30%! I think they did a bad job ar risk management at FNV.. r.i.p. cobre cupper mine

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! Mining is a tough business especially when dealing with foreign governments. It remains to be seen what will happen at CP but the great thing about this model is that they have a large diversified portfolio. As an investor, I see this as an opportunity with an long dated call option.

[@antonioraider5710]

I agree back up the truck. It fell 30% its on sale.

[@RTeBokkel]

The metal is still there. Governments come and go. International courts can sort it out.