Commerce—Doing All the Right Things

The Gold Report Interview with Michael Berry (07/17/2009)
TGR: Speaking of new technology, isn't tantalum of growing importance to the electronics industry?

MB: That's right. I've met some of the people at Commerce Resources Corp. (TSX.V:CCE, FSE:D7H, PK SHEETS:CMRZF). I haven't been to see their deposits, but I think the Upper Fir tantalum and niobium deposit in British Columbia is a very good one. I'm hoping to see that deposit and spend some time with them—kick some rocks there, too. I really like the management team. They're doing exactly what they need to do, which is educate. It's not about promotion; it's about educating people about tantalum, what it's used for, where the demand is and who the suppliers are. As a discovery investor, knowing those things helps me to figure out their probable exit strategy, identify a potential buyer and evaluate whether they're ultimately going to have to go into production. They have a deposit in Northern Quebec as well. So Commerce is doing all the right things and I think they're in the right space. For them, it's now a matter of being discovered by the investing public, of people all of a sudden realizing, 'We've got to own this stock.'

TGR: What's holding them back?

MB: Commerce is doing a good job of educating the public. One of the problems now takes us back to that whole discussion of deflationary tendencies. It's just that people worry about anything that isn't gold and silver that might be oriented toward rising production. That's cast a little pall, but it will pass in the next couple of years.

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