Although the junior mining sector began crumbling in May, savvy investor Mike Halvorson, president of Halcorp Capital, still ended up having a very busy summer. Welcome to the world of a substantial investor in mining stocks, who gets in early and then enjoys sizeable profits as, one by one, his companies become takeover targets. I’ve been fortunate, the humble Halvorson told us, I’ve gotten associated with top explorationists, the people who do know a quality project. And because they have credibility, quality projects come to those geologists. Halvorson claims his wealth-building strategy comes from investing in the projects of these credible geologists.

On May 3rd, Glamis Gold acquired Western Silver. I recognized the project and the main geologist behind it, Tom Patton, Halvorson explained. I was a director of Western Silver. I didn’t stay associated for the whole run, but I was there for the best part of it. August has been his busiest month. As a director of NovaGold, Barrick Gold recently announced a hostile takeover of this company, and which is now being disputed. In mid August, Yamana Gold made a bid to take over the shares of Viceroy Exploration, which has proven and probable gold reserves in excess of seven million ounces in Argentina. » Read more: Investment Manager Warns about Investing in Uranium Projects