 How are you doing today? I'm your host Rich and we have a Rich TV Live and I'm here with our very special guest Chris Donaldson. How are you doing today Chris? Hi Rich. I'm doing well. Thanks for having me on. Fantastic. I'm excited to have you on the show. Maybe you can tell us a little bit about yourself and your background in exploration and mining. Yeah, thanks. Yeah, I've been in the public and private capital space for about 25 years the last 10 years of with a company called Western Copper and Gold which has a very large copper gold project up in the Yukon. I was director of corporate development for them. Just as I was leaving we brought in Rio Tinto as a strategic investor. So yeah, real good success with that company and then I got a chance to join up with Craig Perry that many of your viewers may know and I joined up with him and his Invented Capital team and started Outback Goldfields. So my first gig as a CEO and I guess it's been about one year now. Congratulations on your one year and we love gold stocks here especially early-stage gold stocks. You guys can see the symbol here OZ in Canada, OZ BKF in America and they are also listed in Frankfurt, Germany for our European investors. Now can you tell us a little bit about your current assets? Sure, so we acquired four properties in and around the Fosterville mine in the historic Victorian gold fields. The Fosterville mine of course many of you may know made a discovery about six years ago and they found something called the Swan Zone and made them the the highest grade highest margin mine in the world. So and you know once that happened there's been a staking rush or and their second gold rush that's gone on. We were fortunate up to get these assets last year but from a group that had acquired them about five years ago and at the foresight to see what was happening in the staking rush there and so we were able to acquire these and now we're working them I think we've got we've done some exploration on three of the four properties and are in full swing right now. Wow and why would you say these locations are the most interesting for the company? Yeah so I mean we have said this before you know we have a bit of a criteria you know when selecting assets and you know what's the size of the prize what's the cost of the test and what's the chance of success and in this case you know the size of the prize is a Fosterville style. It's as good as you get so we're definitely elfin hunting for what we're looking for here. The cost of the test I mean it's a mining jurisdiction it goes back to the 1850s when the first gold rush occurred and and they had tremendous success and made Australia the richest company a country in the world and then the chance of success well if you if you're going to look for gold you know a good place to start is where there's already a lot of gold and we're right next to a number of historic mines and also producing mines and you know the story of the Victorian goldfields is they you know back in the 1850s they mined at or near surface and then stopped because they hit cover and they didn't have the technology to go below so they've mined 80 million ounces of gold in the district and the geologists now believe there's another 80 million ounces yet to be discovered below that cover so that's that's what sparked the the second gold rush. Now we love to understand the catalysts that are coming that's why we love to do these interviews with CEOs and our community loves to kind of understand what's happening next so what are some of the upcoming milestones for Outback Gold that will possibly get investors excited? Well you know it's it's I think it's a good time it's certainly been a tough summer and and that's put some pressure on our share price and it was tough only because in in June I was you know all ramped up and put out an announcement that we were starting our program and Victoria had a very very hard lockdown that came out about two two days later so for instance we weren't even able to get our drill that was planned to come to site because the drill wasn't allowed to cross straight state lines so you know it's been a tough summer in the in the junior equities and we also didn't have news flow but we're drilling now and kind of now doing the program that we had planned in June have cash in the bank and a lot of news flow you know to come here. Now gold prices had gone up really nicely previous to 2021 they were on a serious run and in the beginning of 2021 they were also very strong but they've kind of flattened out over the remaining part of 2021 where do you see prices going in 2022 with all the talk of inflation happening? Yeah I mean well you hit it on that head there I mean with the amount of money that's being printed around the world eventually you know it's going to have an impact on on the various currencies and historically you know people start coming into gold at that time so yeah I mean we hit 2000 I guess a year and a half or so ago and then have pulled back to kind of the 1800 range and there's been a lot of consolidation there certainly won't be a straight line but you know all signs are pointing that it's going to go up I wouldn't be surprised to see $2,000 gold here in the next in the next few months and I you know personally I think that's the hurl mark that that really gets investors interested we saw it last time when you know the generalists started pouring into the market when it hit about $2,000 gold and I think it's coming I know it's coming at some point here and I think it's sooner than most people think. I agree with you I think it's coming as well we saw 2004 we're in pretty much an everything bull market, bitcoins exploding, stocks are exploding, all-time highs all across the board and the only thing that and even oil and the only thing that's really lagging is gold so I believe that gold will have their time and it's coming and it's coming soon which really means that this is a great buying opportunity for investors at these levels and we've been talking about it with Barrett gold near 52 week lows, Kin-Roz gold near 52 week lows. We've actually been identifying great buying opportunities in the gold sector and with a small cap gold company like yourselves this might be the perfect time for investors to start really looking into this opportunity. Now in saying that what sets you guys apart from your competition in the sector? Yeah well I mean we're early stage junior mining so it I mean it's high risk but high reward and but we think we minimize you know the risks as best as we can by being in the top jurisdiction in the world right now by being surrounded by majors I mean one of our properties actually touches Fosterville and Kirkland Lake which is now Agneco Eagle on one side it touches Newmont gold on the other side they like the area and they came in as well and but probably the you know we're well-capitalized and probably our best separator is the team that we put together so our chairman Craig Perry many of your viewers might know from his successes as well so he's the chairman of Skeener Resources ISO Energy was a founder of and NextGen Vesla Silver you know several of those are billion-plus companies and they all started out you know fairly humbly you know in kind of our stage as well and he was able to grow them part of that is he's got a great following of investors behind him we're you know we were able to raise 11 million dollars last year non-brokered you know a lot of that was because of his following some of that was I hope it's kind of because of mine but we do have a great backing in infrastructure here we've put together I'm not a geologist but we put together a team both in Australia and in in Vancouver you know which is packed with the great experience in in the the gold fields and you know with our geologists and now it's just a matter of executing so we're you know our program is just starting we we have enough money to get us through the year and and beyond and we should have some steady news flow which is key for junior mining companies here and we think we have some some very high tenor targets here to go after now you touch base a little bit about your team I'd love to know a little bit more can you talk a little bit about your key individuals and what each of them brings as far as experience in mining and capital markets yeah I mean Craig Craig would be at the top of that list he's 25 years in the in the business and he was 10 years with Rio beforehand I listed all the companies that he he's now grown before and he he's the one who had you know he had people asking him to take over these projects and and list them on a Canadian or North American market and which is which is what he is his has done here so he I mean he's certainly key to to putting the deal together and helping push it forward you know one of the challenge with the COVID lockdown is I'm in base in Vancouver and I can't get down there so we were fortunate enough to retain the the geologists that that purchases properties who's been you know working them for the last five years 25 year geologists down there so he's put together a team we pulled in the the former exploration manager for the Ballarat mine which is adjacent to our property it's an active mine now he actually lives in one of the tenements and then probably key for me up up in Vancouver is is a guy named Chris Leslie who did his PhD in codes in Tasmania and has worked extensively in the Victorian Goldfields he is from Vancouver and came home a couple years ago because of COVID and he he's helping coordinate things from up here fantastic now here at Rich TV Live we really are fundamental traders we love to understand the share structure fundamentals the cash on hand debt to equity ratio debts if there's none that's even better can you talk us through your current share structure how much is held by insiders and what you will be doing to attract more institutional investment alongside more retail investors yeah so I mean we have just under 60 million shares that are out so fairly tightly held insiders have a little over 10 percent that that number is growing both but Chairman and myself we're have been in the market buying this week and of course that's all public information as well so that's that's our share structure we raised 11 million dollars last year last reported amount was about 8 million in the bank so so we're in good shape there you know at our stage it's never prudent for a junior mining company without revenues to go into debt so we have we don't have any debt on that so that's that's where we are right now so we're in good shape on that side I would say our shareholder base is we've got 40% out of Australia and the balance is in in in North America Vancouver Toronto and a little bit in the States what am I doing for you know for the retail investors as well you know it's it's a bit of a function of news flow and I'm just now starting to get out there as we have planned to you know we should have news every two three weeks or so for the next you know eight to ten months so certainly doing that and doing the various conferences and so on in terms of attracting institutions at our size you know these institutions like to write much bigger checks so you know I have certainly talked with a number of them and they they want to see some results so you know that's kind of that would be the next leg up I need to make a discovery here and then I think we'll get those those types of groups coming in a good example of that is a company called e79 resources very similar to us we came out about the same time they had one good actually extremely good intercept and they they went up about 10x and then we're able to get an investment immediately from Sprott and and then they topped up on on top of that so you know we're in good position it's just a function of us executing and and finding some gold. Chris we've got shareholders that are going to be watching this video from all over the world and investors that are going to be looking at this company specifically what would be the best way for them to get in contact with you or the company if they have any questions yeah happy for anybody to reach out info at outbackgoldfields.com we're actually quite active on on twitter as well so it's outback underscore gf or you can even call me directly I'm happy to do it the old-fashioned way and just pick up the phone and call and and the number there is 604 93450. Fantastic well thank you so much for your time today Chris and I must let everybody know that Rich TV Live is strictly for information and education purposes 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 this is a company that is well capitalized with a tight share structure that is now drilling that is still with a very baby market cap so I think this is a company that is undervalued underappreciated underexposed put on your watch list put on your radar we bring you the winners and we bring them to you first thank you so much for your time today the CEO of Outback Goldfields Chris Donaldson thanks Rich it's been a pleasure thank you so much love to have you back on the show if you have any big breaking news anything you want to talk about anything you just want to discuss love to invite you back on the show thank you so much for your time and for all of you guys that are watching at home thank you guys for watching and have a great day