LBI is a mining finance and investment company that identifies in realises the potential of early stage resource opportunities. The fundamental objective of LBI management is to generate profits and be a vehicle through which major investment institutions use to identify opportunities. LBI is different from other listed TSX mining companies in that it raises money to invest; not spend on high risk exploration or executive costs in running a junior resource company. LBI is an activist investor that sets and monitors performance hurdles for management and the projects in which they invests. As an activist LBI will replace management if necessary to drive change for the benefit of all shareholders.
LBI will conceive new projects and opportunities and provide seed capital thereby providing a window for investors to participate in one of the most lucrative areas of the junior mining space. Most junior mining companies are run for the benefit of management who have had little or no experience or skills required for the development of a successful mining company. The hard reality is that over 85 per cent of listed junior mining companies fail. They return to the market again and again for capital which is often used to support lifestyles.
The LBI management team and consultants have a proven record of achievement The chief executive, John Byrne, was the architect and executive chairman of Western Canadian Coal.
Under his stewardship,Western Canadian went from a valuation of under $1 million to be sold for over $2 billion in seven years. In the 24 months LBI has been operating it has been instrumental in successfully transforming Jervois Mining from a sleepy minnow into the most successful junior in the emerging cobalt market on the ASX.
LBI has identified and invested in five other projects all of which are now listed entities.
• John has 40 years experience in the natural resource industry as a financial analyst, investor
and mine developer.
• Formed and mentored Cambrian Mining Plc in 2002. Cambrian started with net assets of
GBP£1.4 million and before being acquired in 2008 had net assets of GBP£149 million.
• John has been Chairman and CEO of numerous successful resource companies, including Western Coal Corp which was capitalised at less than C$1 million when he joined, and was sold for C$3.3billion in 2010.
Mr. MacLachlan has been involved in technology development and commercialization as an active venture capital investor and executive for over 30 years. He has worked and invested with technology companies in a range of industries especially those in the conventional and alternative energy sectors. A strong competency in corporate finance, business development and the strategic management of developing companies; including intellectual property management and technology commercialization.
Anthony has worked with Canadian and US publicly listed resource companies in a range of senior roles during the past 10 years. He is the current CFO of Goldgroup Mining where he was part of the finance team which brought their Mexican mine into commercial production and is currently the CFO and a director of Fidelity Minerals Corp., which is a Lions Bay investment, and was part of the team that assisted with Fidelity’s restructure