Mining Stock Daily cover image

Pierre Lassonde Reflects on his Life, Career, and Paving the Path for Mining's Royalty Business Model

Mining Stock Daily

00:00

I'm Going to Get My Money Back, at the Very Worst

Gold was about $350, $325 at the time. Newman drilled like a 1000 foot hole with. 3 of an ounce gold,. About 1000 feet from the boundary. And so I said, well, at the very worst, I'm going to get my money back. He had 90 days to repay or they weren't going to put him in bankruptcy. So then it became $2 million or nothing.

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