Planning on building a refinery in Placentia's Bay in Newfoundland. There hasn't been a new refinery built in North America in more than 30 years. Existing refineries cannot cope with the amount of heavy, sour crude, which means their output of gasoline and diesel is falling. This refinery will be the most advanced in the world and approximately the 8th largest. Specifically designed to refine heavy, sour crude.

Canadian treasury bills are a good example of this. The only game here is to preserve your capital. If assets get cheaper, you want to have buying power.

Developing a refinery in Newfoundland of which they owned 37.5%. Feasibility study has been completed. Waiting for environmental permits, expected in October. It will be the 8th largest and most advanced refinery globally. High risk/high reward.

Gold. Own 30% of the Spanish mountain deposit in B.C. He believes gold will start moving up to over $1000 an ounce in the next few years.

This will become a resource investment company managed by Sprott Asset Management. As close as you're going to get to getting in on the ground floor with Eric Sprott and a new business.