I knew some of the people involved with Spanish Mountain Gold, and they asked me if I’d be a director, and I said yes. It’s pretty simple.
I’m interested in gold, I don’t own any gold mining shares, but I knew the people, I was interested in them, I did enough homework to know that there’s a lot of gold in the ground at Spanish Mountain Gold. I mean, they’re not an operation, so it’s just an asset that’s in the ground, and some day when gold becomes much more valuable, will undoubtedly come out of the ground.
Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.