 Are you tired of watching boring old press releases? Then you've come to the right place, the right channel, the number one channel for CEO interviews and company overviews. Welcome to Rich TV Live, subscribe to our channel and make sure to hit the like button on our videos to help with the YouTube algorithm for more information and in-depth discussions and analysis, join our trading club at richpigsdaily.com and don't forget to subscribe and hit the bell for notifications to get alerted when our next CEO interview is released so you can discover the next 10-bagger. Hi, how are you doing today? I'm your host, Rich here on behalf of Rich TV Live with our very special guest, the chief investment officer of Vox Royalties, Spencer Cole. How are you doing today, Spencer? Very well, thanks, Rich. Thanks for having me today. Excited to have you guys on the show. You guys have been doing really well. We had you on the show earlier and we spoke to the CEO, very impressed with the CEO and the stock has moved up from 270 to 310 now and really it's just getting started. So I'm really excited to learn more, Spencer. Maybe you could tell us a little bit about yourself and how you got involved with Vox Royalties and what exactly is your role as chief investment officer? Absolutely, Rich. So my background is as a mining engineer, as you can tell from my unfortunate accent, I'm from Australia originally but now based in Toronto. Over the last 10 years, I've worked for some of the largest mining companies globally such as BHP and South32. About six or seven years ago, I co-founded a business called Mineral Royalties Online and we developed the world's largest database of mining royalties. And then subsequently, we merged that intellectual property into Vox about two and a half years ago. So that was how I came to be part of the Vox team. And now my role as chief investment officer is really, I guess, just ensuring that all of the new royalty acquisitions we do, you know, absolutely should the lights out from a rate of return perspective and that we truly understand the fantastic assets that we're investing in. Fantastic. Can you go through Vox Royalties' ability to find event-driven opportunities which I think is really special that create value for shareholders using your competitive advantages? Absolutely, Rich. So one of the key ways that we create value for shareholders is we use our technical management team, which is mining engineers such as myself and geologists as well. And we do all the technical due diligence on a mining asset that has a royalty on it. And what we look for is assets that have a huge number of sort of operational milestones and operational sort of momentum behind them. So for example, a mine that's just about to go into the final stages of feasibility or a mine that's just about the start construction. Because typically that's where we find we can price deals most aggressively in our favor. So our sweet spot is paying 20 to 40 cents in the dollar based on what the market would otherwise pay for a royalty. And then in three months time when the mine comes into production or it moves into the next key phase of its development all of a sudden that entry price of 20 cents in the dollar now looks close to the 10 cents in the dollar because the value of that royalty is re-rated. So in the past 12 months we've had five separate royalties that have moved into production. So royalties where we bought them right at the perfect time. And now they're generating huge revenue for our shareholders based on how we've timed those investments. I love your business model. Can you please explain to shareholders the growth in producing assets count and what that means to shareholders? Absolutely. So when we went public May of last year we only had one producing royalty asset. And that was a complaint of some investors. They said, how excited can I really get? You've only got one producing royalty asset. And we said, well, you know, hold that thought because we're buying assets that are right on the cusp of first production and first revenue. So as we stand today we've already grown that to five producing royalty assets. So our revenue has been increasing exponentially. Over the last three quarters, each quarter we've had about 500% quarter on quarter revenue growth. And that's sort of exponential revenue growth is set to continue because between today and the end of 2023 organically we expect to go from five producing royalty assets to 10 producing royalty assets and there's strong potential beyond that. So investors buying the Vox today are really getting in at the ground floor as we continue delivering on that sort of exponential growth curve without any additional capital committed. That is extremely impressive. I love your guys growth, quarter over quarter growth, new assets coming online, new royalties coming online. This is what investors want to hear. Now I want to talk about your recent press release because you guys acquired a very near term producing gold royalty for about 200,000 from a hearing aid company and the project owner just announced a construction award of 70 million. Can you explain that press release? Absolutely Rich. So this I guess demonstrates for your listeners and for our shareholders the leverage they get from buying into Vox and the leverage you get from owning these amazing gold royalties particularly. So you're absolutely right that in our global database of royalties we identified this sort of forgotten gold royalty that was sitting in the hands of a hearing aid technology company. Now listeners might say why the hell is a hearing aid company owning a gold royalty? Historically that had been a mining exploration company hollowed out as a shell company and then hearing aid technology company was dropped into it but we could see in our database no this company definitely holds this really attractive gold royalty. So we were able to negotiate a deal with them. We paid 200,000 for the royalty which gets us 1.5% of all the revenue from that gold mine. And as you said, the operators just announced they're committing 73 million dollars to building that gold mine. So from a $200,000 investment we're gonna make an absolute multiple on that investment as the asset comes into production over the coming 18 odd months. Wow, that is so impressive. Even 1.5% of that of 70 million would be my quick math be about a million bucks. Yeah, so the production rate is gonna be sort of approximately 50 odd thousand ounces of gold per annum. And so the rate of return on that investment should be very attractive for our shareholders. Very good, I love it. And we love to hear that word multiple as investors because we as investors and I'm an investor in our community is filled with investors from all over the world. We love finding a multiple and I believe this is a company that can give investors a multiple. Now, if there was one thing Spencer you could tell the shareholders that are watching or potential new shareholders that are watching something you could talk about or something you want shareholders to know today about Fox Royalties, what would it be? Look, I think Rich, beyond the organic growth that I highlighted before, we've got that benefit of just sitting back and watching that organic growth unfold over the coming quarters. I guess the cherry on the top of that is industry consolidation has really kicked off over the last few months. So in the last three months three separate of our competitors have been acquired. And so looking at I guess why people would want to acquire another royalty company, Vox stacks up really favorably, whether it's the huge organic growth in our revenue that we expect or also just the sheer volume of our royalty portfolio. We have 54 royalties. So even just the expiration royalties this year alone have over 160,000 meters of partner funded drilling on them. So we think we stack up very high on the potential takeover target list as the industry consolidates. But the important thing for us is we don't have a gun to our heads to enter into any transaction. We can sit back and watch that organic growth unfold and given us as management, we own 15% of the company. All of our families are heavily invested. I've got four of my brothers and sisters that are Vox shareholders. So I'm sure you they're very noisy shareholders every time things happen, they get on the phone to me. But we're in a really fantastic position where we don't need to do any transaction. But if a larger acquire knocks on our door, we serve at the behest of shareholders and we'll look for whatever's right for our shareholders. Spencer, we've got investors from all over the world that will be watching this interview and some of them are going to want to get in contact with you or the company. What is the best way for them to do that? Absolutely. So they can direct them to our website. So voxroilty.com. And then also if they've got any general inquiries, they can email us at info at voxroilty.com. If they want to ask me something directly or they want to hear my unfortunate Australian accent on the phone directly, they can email me at spencer at voxroilty.com. That's fantastic. Now I must remind you, everyone that's watching that Rich TV Live is strictly for information education purposes. We are investors just like you guys. Please do your due diligence, do your research before you invest in anything that we talk about or discuss here on Rich TV Live. In saying that, I believe this is a company that is undervalued, under-appreciated, under-exposed. I think everybody needs to put vox, voxcf on their watches right now. We started covering this company at 270. Today it's at 310, slowly grinding up almost every single day, despite the fact that the market's been kind of weak. So this is a really good trade idea in my opinion. I'd love to know what you guys think. And remember guys, if you're not winning, you're not watching, we bring you the winners and we bring them to you first. I'd like to thank Spencer Cole, the Chief Investment Officer for joining us today. Thank you Spencer. And if you ever have any other big breaking news or anything you want to discuss, we'd love to invite you back on the show. Thanks so much for your time, Rich. And thanks to you listeners for tuning in. My pleasure. And like I said guys, if you're not winning, you're not watching, we bring in the winners and we bring them to you first. Thank you for watching everybody. Thank you Spencer. We'll talk to you soon. And we'll see you guys soon. Have a nice day everybody. This is Rich from Rich TV Live, signing off.