Jonas Lauren Norr
Jonas Lauren Norr is the new Board Member of Crest Resources. In this role, he will be tasked with developing the Company’s shareholder value by processing his vast experience in the four critical areas of investment management:
Asset allocation and risk management
Equity portfolio structure
Stock selection and analysis
Jonas joins the Crest team with considerable exposure to its proposed project in Uganda, which is expected to be a significant source of growth for Crest. As one of the world’s leading ETF and security analysis experts, Mr. Norr will provide valuable insights into Crest’s strategy and growth prospects.
- Early Career
Jonas Lauren Norr started his career in 2005 at Varde Partners, one of Europe’s leading hedge funds. He worked as a portfolio manager for fixed-income portfolios and then joined the equity division managing portfolios focused on European equities. His first major success was when he wrote a research report on Google (GOOG) in December 2006 and recommended it as “a buy”; its share price rose from $424 to $771 by the end of 2007. In 2008 he joined Grant Thornton Asset Management, where he became Chief Investment Officer, overseeing global equity strategies for institutional clients and foundations. By 2010 Norr had left Grant Thornton Asset Management and had founded AlphaValue Advisors, an investment advisory firm based in Oslo, Norway.
- About Crest Resources
Crest Resources is a mineral exploration and development company based in Vancouver, Canada. The Company’s tenanted property has excellent infrastructure, particularly road and power. Its proximity to the new standard gauge railway line makes it immediately accessible to a new export line from the Copperbelt in the Democratic Republic of Congo (DRC). Crest’s strategic focus is to acquire tenanted land with high potential for copper, cobalt, and other base metals. It is interested in approximately 1,000 square kilometers of land, or about 3% of the area located along the Copperbelt in the DRC.
- Recent Developments
On January 2015, Crest Resources announced a Pre Feasibility Study for its project near the Zambian border in the DRC. The PFS indicates a robust project with conservative estimates indicating an IRR of 44% with an 8% cash cost. In addition to excellent economics, the PFS will be complete in August 2015, giving Crest more than enough time to complete a definitive feasibility study before its 70%-owned Mutanga Mine commenced commercial production in 2017. The Company has also signed an MOU with Kampala Capital City Authority (KCCA), and Uganda National Roads Authority (UNRA) regarding road rehabilitation and improvement works financed through funding from KCCA.
The MOU on the Generative Development Project is a confidence booster for Crest Resources. Jonas Lauren Norr’s appointment to the Board of Directors will be instrumental in driving the Company’s development and growth. Crest’s recent $4.4m financing is enough to continue with its pre-feasibility study, a definitive feasibility study when that time comes, and provide working capital for the Mutanga Mine, learn more about Jonas Lauren Norr.