Fincom Investment Partners
Special situations

Western Pacific: Why Is This Savvy Billionaire Investing In A Tiny $7 MM Company?

(Editors' Note: Western Pacific Resources trades on the TSX Venture Exchange, symbol WRP.V, with average daily volume of C$5,000.)

Western Pacific Resources (OTCPK:WRPSF) (WRP.V) is re-opening the Deer Trail mine, a high-grade silver/gold/zinc/lead deposit in Piute County, Utah.

On February 24th, Mr. Corbin "Corby" J. Robertson, Jr.'s private investing arm, Quintana, closed the initial financing of an expected $18.5 mm convertible note and base metal streaming financing package, which will give Quintana (if their options are fully exercised) approximately a 70% ownership in Western Pacific.

Mr. Robertson is also the founder of Natural Resource Partners (NYSE:NRP), a $1.75 billion MLP, and is one of the largest private owners of U.S. coal reserves - an industry...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details