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Getting Punched in the Mouth – The Accidental Mother Lode.

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zacks.com

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no-reply@zacks.com

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Mon, Jun 21, 2021 12:06 PM

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You’ve heard the famous Mike Tyson quote... "Everybody has a plan until they get punched in the

You’ve heard the famous Mike Tyson quote... "Everybody has a plan until they get punched in the mouth." Well, Robert Friedland had a plan. He was going to explore Voisey’s Bay, a remote region in the northeast corner of Canada. And he planned to discover diamonds. It’s what he needed to put his company, Diamond Fields, on the map—and keep it out of bankruptcy. (His idea for vacuuming diamonds off the ocean floor near Namibia turned out to be less promising.) And then he got punched in the mouth. Because drilling results showed precisely zero diamonds... ... but lots of nickel. Now most people don’t know the second half of that Mike Tyson quote: “Then, like a rat, they stop in fear and freeze.” Only Robert didn’t stop for a second. He went into full executive mode, identifying the top bidders for the discovery. Then he shrewdly pitted them against each other, ensuring top dollar—$4.3 billion, to be exact—for the Diamond Fields that didn’t hold a single diamond. Friedland personally walked away with $400 million. He’s since become one of the most successful mining entrepreneurs in the world. He had no business being successful. Zero diamonds have ever been found in the entire Labrador region of Canada. But when he got punched in the mouth, he leapt up and punched back—hard. That’s precisely what’s happening right now with another little Canadian company called Starr Peak Mining. They recently began exploring for gold not far from Labrador, in Quebec. Gold had previously been mined on their precise land package for more than fifty years. It was a historically established mining region. But when the initial drill results came back... There wasn’t a whole lot of gold. But there was a lot of zinc. And copper. And silver. So, the management at [(Starr Peak Mining (TSX-V: STE | OTC: STRPF)]( dusted themselves off—and swung back. Even better, they’ve got a lot more going for them than Robert Friedland did in his day. Instead of being on the verge of bankruptcy, they have zero debt and more than $5 million in fresh financing. And instead of being in a barely accessible, backwater region of Canada... Their project literally contains an old mining town, with the accompanying power, water, and infrastructure ready to go. You can read all about the company in our in-depth [Research report]( we’ve put together. Whether Starr Peaks sell to a top bidder or mines the resources themselves is up to them. Either way, this is a company you want on your radar. Regards, Venture Society PS: This company is going to be a heavyweight before you know it. Read the report [>>HERE<<]( and don’t miss out on your part of Starr Peak’s climb. Disclosure/Disclaimer: Notice to Readers: Venture Society publishes introductory corporate profiles based on its assessment of the interest that its readers will have in them. Venture Society is paid a fee by each corporation profiled. Venture Society principals may from time to time buy and sell securities in the profiled corporations. Opinions expressed in this profile as they relate to the outlook for metals, potential for projects, expectations about possible future corporate spin-offs and potential for share appreciation are the personal opinions of the principals of Venture Society. This profile is not intended to be a prospectus or other similar disclosure document and Venture Society cannot assume responsibility for its accuracy or completeness. Venture Society is a publisher, not an investment advisor and nothing in the profile should be interpreted as personal investment advice. Full disclosure of the company’s business and projects, including risk factors relating to the corporation and its business, can be found at www.sedar.com. Notice: Please understand that by opting out from future emails from this advertiser, you are transferring or authorizing the transfer of your email address to the advertiser listed above. Zacks has no control over how your email address is used by the advertiser or other third parties. Accordingly, Zacks disclaims all responsibility and liability arising from the subsequent use of your email address that is made possible by your submission of your email address above. You are receiving this email from Zacks Investment Research because you chose to receive messages from Zacks’ partners on the Zacks web site(s). Please note that Zacks does not produce or endorse this product, and assumes no responsibility for the use thereof. Your privacy is important to us. Click here to see our Privacy Policy: [( If you do not wish to receive further email solicitations from Zacks on behalf of its partners, please click [here]( to unsubscribe. Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606

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