Sector Expert: Levi Spry
Levi Spry is senior resources analyst at JCP Investment Partners, covering the gold, base and specialty metals sectors. Previously he worked for GMP Securities Australia. Prior to that he worked at Deutsche Bank Australia and as a mining engineer with Newcrest Mining Ltd., Harmony Gold Mining Co., Western Metals Ltd., Barminco and SRK Consulting. He holds a Bachelor of Engineering (Mining; Honors) and a Bachelor of Applied Science (Geology) from the University of South Australia, a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia and is currently completing a Masters in Mineral Economics at Curtin University. In 2012, Spry was named one of the Top 10 equities research analysts by the Sydney Morning Herald.
Quality will win out, says Levi Spry, senior resources analyst at GMP Securities Australia. In this interview with The Gold Report, Spry contends that funding project capital expenditures is a problem only when the underlying economics are marginal. In other words, high grades plus low costs ensure victory, and he suggests a handful of Australian companies, in gold, lithium, copper and nickel, that boast the quality needed to earn high margins.
"We really like HCH's Productora copper project; it is near surface, near the coast, at low altitude and has significant infrastructure advantages."
The Gold Report Interview with Levi Spry
"We initiate coverage on HCH with a Buy recommendation."
Levi Spry, GMP Securities