The half-a-billion-dollar Friedland effect

AUSTRALIAN Mines’ Benjamin Bell has put a value of about half a billion on Robert Friedland’s presentation and promotion skills.

The half-a-billion-dollar Friedland effect The half-a-billion-dollar Friedland effect The half-a-billion-dollar Friedland effect The half-a-billion-dollar Friedland effect The half-a-billion-dollar Friedland effect

That’s the rough difference in market capitalisation between Bell’s company and Friedland’s 16%-owned Clean TeQ Holdings, both of which have nickel-cobalt projects in Australia.

And according to Bell, that negative disparity is despite Australian Mines' Sconi project being ahead of Clean TeQ’s Sunrise project, and, in particular, Bell’s company having an all-important offtake agreement with major Korean conglomerate SK.

Bell acknowledged Friedland puts on a “good show” when he presents, but “it is expensive”.

The throwaway lines arguably have some validity albeit has it ever not been thus in the junior resources sector.

That is, good promoters attract market attention.