Sector Expert: Michael Kosowan
Michael Kosowan is an investment executive at Sprott Global Resource Investments Ltd. Originally from Canada, Kosowan holds a master's degree in mining engineering and is a licensed professional engineer. He is also a registered representative, having completed the Series 7, Series 24 and Series 63 in the U.S. and the Canadian Securities Commission course. He also holds a diploma in Regulatory Law. Prior to working for Global Resources, Kosowan was a project engineer at Placer Dome (now Barrick Gold) and the exploration manager for Atapa Minerals in Indonesia.
Many investors are wondering if the words "gold" and "opportunity" can coexist in the same sentence. Michael Kosowan of Sprott Global Resource Investments answers with a resounding "yes." He believes in the Pareto Principle—80% of the gain is derived from 20% of the stocks—and that contrarians will be rewarded in this "wonderfully miserable market." To find that 20%, Kosowan outlines the criteria he uses when sizing up a junior mining company.
An investment executive at Sprott Global Resource Investments Ltd., Michael Kosowan is working by three sayings these days: "Well bought is half sold," "Small is beautiful" and "Necessity is the mother of invention." In this Gold Report interview, Kosowan talks about the challenges mining companies face and shares some jurisdictions that offer outsized returns.