SCPZF is the pink sheet listing for Sprott Resources. It trades on the Toronto exchange as SCP.
Sprott Resources is one of the commodity-oriented companies created by Canadian resource investor Eric Sprott. Sprott is chairman and also receives a management fee through Sprott Consulting Limited Partnership. It's set up like a hedge fund; SCLP receives 2% of the NAV, plus an additional percentage if profits are over a certain level. Kenneth Bambrough is the CEO
SCP owns, in whole or in part, several resource-oriented businesses in Canada:
Energy:
Waseca Energy (oil)
Orion Oil and Gas (oil and natural gas)
One Earth Oil & Gas (oil and natural gas)
Westfire Energy (oil and natural gas)
Agriculture:
Stonegate Agricom (fertilizer)
One Earth Farms (crops and cattle).
Bullion:
73,971 ounces gold bullion, worth about $136.8 M at $1850/oz. Or, about 25% of market cap at the current share price of $4.80
The "One Earth" businesses are organized in partnership with several Canadian First Nations. This improves economic development and employment in the One Earth areas and this stable, long-term relationship with land owners allows One Earth to benefit from economies of scale which enhances the company's long-term profitability.
EDIT to add: SCP doesn't pay dividends, but they have a habit of making stock buybacks. The most recent was announced August 30, for 8% of shares outstanding.
