Golden Phoenix
Strategic Concepts & Mechanics
Primary Evidence
"268 GOLDEN PHOENIX company was engaged or embarking upon a brand new business, and had zero credibility in mining. And so itshould have. The chances or the odds that anyone would have given you that the company would be around nine years later in the gold business, let alone double its share value, would have been very small indeed. The fact that those share values have gone up twenty times is a miracle. It’s a phenomenon that will go down in the annals of business history. At that time, we deliberately and with full recognition of the entrepreneurial spirit—a fundamental component of the American Barrick philosophy—said to ourselves that the important thing in our business is to buy the time during which we can prove right our concept and our approach."
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