Junior Resource Investing
Junior Resource Investing is a podcast dedicated to expanding your understanding of the mining and resource exploration sector as well as uncovering important and exciting companies within it. Interviews with company CEOs and informational episodes are the focus.
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Episodes
Wednesday Nov 22, 2023
Wednesday Nov 22, 2023
https://discord.gg/fa8WtMq78R
CEO Ian Fraser sat down with me again to discuss the results from Fathom's 2023 drill campaign on its Gochager Lake project. The market responded with disappointment as it was expecting ultra high-grade (and this market is swift to punish these days), but I believe there remains a lot of positives to be found in this campaign. Most importantly, it doesn't shut the door on Gochager's potential, but rather has provided Fathom with more critical data points to finetune their exploration process. Mineral exploration is a deeply iterative process, and Ian demonstrates that mindset well in this interview. Ian discusses important additions to his dataset garnered from this campaign: 1. They are increasing their understanding of the fault system that intersected the ultra high-grade mineralisation they drilled this past spring. This will allow them to chase that high grade along the footwall during their next Gochager drill campaign. 2. Ian also discussed that the directional trend of the zone was more straight north than they had anticipated. With the high-grade zone of these steep, vertical lenses just a couple hundred meters in length, missing even by a few dozen meters means you've missed by a lot. 3. BHEM has again been used effectively to identify and fine-tune targets off-hole, giving Fathom confidence that there remains high-grade zones lurking at Gochager waiting to be found. 4. Geochem work continues to be cross-referenced with their geophys and BHEM work. This again creates narrower, more specific understandings of what they are looking at - and looking for. In my thoughts, the market is punishing Fathom for two things primarily, unrelated to the actual drill results: 1. Needing money 2. No more news flow for a few months Add on the merciless nature of this market where anything less than exceptional results gets crushed, and the market response comes into focus. But the future remains remarkably bright for Fathom. Now they just need to raise money and get after it once more.
Time Stamps:
01:30 Ian Discusses How Results Matched his Expectations, including any surprised good, bad, or indifferent.
05:46 Discussion of how these results still confirm Fathom's working model, with more potential at depth
09:51 Discussion of the two extremes - large bands of low-grade mineralisation, and small, ultra-high grade vein intersects, and what that means for their exploration model. 16:28 The significance of those veins, chasing deeper, winter drill campaign plans
20:24 Importance of BHEM and Fathom's continued, growing master of this land. Further targets have already been identified.
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Thursday Nov 16, 2023
Thursday Nov 16, 2023
Time Stamps Below
Companion Article and Interview Written Summary: (Will be added here soon!)
https://discord.gg/fa8WtMq78R
One of my favourite companies came back on the show. CEO Ian Fraser of Fathom Nickel joined me to do a deep dive into the geological model of their Albert Lake and Gochager Lake projects in northern Saskatchewan. Geology is obviously a critical part of every exploration story, but the exhaustive, authoritative, level of knowledge and detail Ian and Fathom have developed on these projects has allowed them to attain a level of mastery that is exceedingly rare for a company at this stage of exploration. Which is why it is one of my favourite companies currently, and why “setting the table” geologically for current and future investors is so important.
Time Stamps:
04:27 A discussion of pathways, traps, and geological conduits
10:15 Historic Rottenstone mine, and why its exceptional grade is a potential clue
14:25 Soil Geochemistry work
16:49 The different types of mineralisation present and their significance
25:46 Fathom’s “proof of concept”
27:57 Metal Tenor – what it is and its importance
32:26 The Bay Island Trend
43:21 Subsurfance EM anomalies being targeted
46:48 BHEM and Future Drilling Targets
56:53 BHEM Effectiveness and limitations
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Friday Nov 10, 2023
Friday Nov 10, 2023
(Time Stamps Below)
Companion Article and Written Summary https://open.substack.com/pub/juniorr...
New Resource Exploration Discord: https://discord.gg/X9mmUMtU
Kodiak Copper has worked its way through several seasons of strong drilling and exploration work with the goal of proving up the considerable potential of its huge, low-grade, MPD project in southern BC. As drill results trickle in from their recently-completed 2023 program, I was glad to welcome CEO Claudia Tornquist and Chairman Chris Taylor to discuss on a more macro level their results and how drilling continues to refine an exploraton model that is beginning to bear serious fruit in their quest for new discoveries.
Time Stamps:
03:00: Introduction to Jurisdictional Benefits of MPD
07:21: Geological Model and Parallels
12:00: Porphyry Discussion
17:00: Current Drilling Program
25:00: Pursuing Further Discoveries
34:29: Upcoming Catalysts
39:00: Audience Q&A
43:00]: Met Work, 1516, and Dillard Qs
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Saturday Oct 28, 2023
Saturday Oct 28, 2023
Written Summary and Companion Article: https://open.substack.com/pub/juniorr... Brian Leni is a well-known name in the junior resource sector. He started his own newsletter some years ago and has since then grown into one of the most well-known names in the industry. He joins me for a wide-ranging and in-depth discussion with lots of conversation on what it takes to succeed in this industry, and discusses his immersive, beautifully-shot, and well-told, new interview project called "Field Notes" where he travels on site visits and meets with company executives and brings those places and stories back to investors.
Time Stamps:
00:55: Brian shares his origin story
03:50: Discussion of Brian’s new “Field Notes” project
04:45: Discussion of why Brian chose the junior resource sector specifically.
08:00: What about early losses?
10:20: Risk Mitigation.
15:00: The Market Cycle
16:00: The role of self-awareness in investment decisions
18:30: Different personality types may be better suited to investing
19:30: The importance of selling
21:45: The importance of due diligence
23:00: How important is geological knowledge to investing success in this sector?
26:30: The Importance of Trust in Leadership
27:30: The Due Diligence Process
33:00: How does Brian buy in/scale into a position?
36:00: The Importance of Learning from Experience and Mentors
40:00: Don’t Invest Your Entire Account in a Single Play
41:00: How many positions does he hold in his portfolio?
45:00: Field Notes Discussion
52:00: Brian’s Investment Picks
Disclaimer:
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Saturday Oct 28, 2023
Saturday Oct 28, 2023
(Time Stamps Below)
Written Summary and Companion Article: https://juniorresourceinvesting.subst...
CEO Greg Beischer Explains why his Nikolai Nickel Project is a Must Have for the United States. Alaska Energy Metals Corp is not playing it slow. They have plans for an aggressive, multi-drill approach as they seek high-confidence confirmation of historical work, and have an ultimate resource growth target of reaching multiple billions of pounds of in situ 0.35% NiEq within 18 months. Greg discusses the advantages of Nikolai - huge, simple, predictable, and crucially sweetened by a polymet kicker that will help boost project economics. Jurisdictionally, the United States has a stark absence of nickel production, a fact Greg believes will play a key role in this project moving forward successfully. There are also high-grade opportunities at the nearby Canwell project to hopefully find enough ore to be able to meaningfully improve mine economics.
Time Stamps:
00:40: Elevator Pitch
02:00: Slide Deck Corporate Questions
04:45: Drilling So Far
07:40: Background of Creation of AEMC
11:30: Greg's Personal Connection to the Property
16:20: How Much Historical Drilling/Exploration is There?
19:50: How Much More Above Ground Work Do You Have?
21:00: Just-Completed Drill Campaign And Its Goals
24:00: Expected/Potential Size Of This Potential Deposit?
27:00: Anticipated Recovery Rate and Geological Composition
31:00: Will AEMC Get A Rerating From Inferred Lbs Alone?
33:30: Future 2024 Drilling Plans
36:00: Peer Group Comparison
39:50: The Canwell Project
42:30: Discussion of a Current Lawsuit
43:45: Upcoming Catalysts
46:00: Final Thoughts
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Saturday Oct 28, 2023
Saturday Oct 28, 2023
I chatted with CEO Rick Van Nieuwenhuyse a couple days back and I was impressed by his vision for his company and his execution in pursuit of that vision. Contango operates according to a little bit of a different working thesis than your typical small scale developer. Their plan is to bring a couple small, high-grade mines into production rapidly and cheaply over the next couple of years. Ultimately, the objective of any investment is to opportunities of asymmetrical risk and reward. And that metric doesn’t change whether the returns are 10% or 1000%. In the junior resource sector, the natural desire of most investors is to be a part of a discovery story, and they are naturally alluring. But I would counter that they aren’t necessarily always smart money picks. Rather, I believe that near-term, fully-permitted, fully-financed producers like Contango could and should be a critical part of any resource investor’s portfolio specifically for the reduced risk they present will still presenting an outsized opportunity to capture serious alpha.
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Saturday Oct 28, 2023
Saturday Oct 28, 2023
Fathom IPO’d in May of 2021 pursuing its flagship Rottenstone project. The company has gotten some love from the market a few times since then, as CEO Ian Fraser (and President Doug Porter) have very successfully and aggressively pushed their two projects (Albert Lake and Gochager Lake, acquired in September of 2022) forward. So while the tide has gone out on metals sector sentiment, it is my thought that Fathom has never been stronger than it is right now. This is because it looks an awful lot like they possess both a proven, effective, reproducible exploration thesis and a heck of a lot of multi-% Ni targets to hone in on with it And that is an obviously exciting combination. Fathom’s use of BHEM analysis has lead to dramatic and definitive results. This is because BHEM readings have done nothing less than redefine how these two land packages are meant to be understood. They are clear, direct, and accurate indicators of identifying and targeting these pockets. I like Fathom a lot. I believe they simply knows more, have more potential, and have a clearer path to value creation than most exploration companies I know. All that’s left for Fathom to do is drill and see just how rich those pods can get. And based on Ian’s knowledge and enthusiasm, I can’t help but feel a little excitement too.
Time Stamps:
01:00: Overview of the Company
05:00: Quick overview of what’s coming for Fathom over the next 0-6 months.
10:20: Slide Deck Conversation
17:00: Cost of Drilling
18:40: Discussion: Fathom’s Origin Story – What work did you do from 2015-2021 to set up Fathom for success with drilling today.
26:00: The exploration thesis
28:40: What’s the blue sky potential?
35:00: How many targets have they compiled that could be another Rottenstone?
42:00: Albert Lake vs. Gochager Lake
46:15: Is Albert Lake a good analogue for Gochager?
50:00: How is Fathom’s approach different than historical operators?
55:30: Assays Outstanding
58:30: When is the right time to make a transaction?
60:40: What are your next targets?
65:45: Final Thoughts to Ian
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Monday Sep 25, 2023
Monday Sep 25, 2023
Time Stamps Below Written Summary: https://juniorresourceinvesting.subst...
Giga Metals has released the PFS for their Turnagain Ni-Co project in northern BC. As with the PEA, there is an interesting range of numbers that contribute to make Turnagain a unique project. Headline economics are only average: 11.4% post-tax IRR (7% discount). US$1.9B to build/$1.65B to sustain for a $574 NPV at $9.75/lb Ni. Payback not mentioned in the highlight package NR (full PFS to follow in the coming weeks). Mark is joined by lead project engineer Lyle Trytten to make the case as to why Turnagain is so much more than these numbers in terms of what it offers potential JV partners such as automakers or OEMs, and why Turnagain will become a mine.
00:40: PFS slide deck presentation on its highlights
27:00: Interview begins
27:45: Cost Improvements from PEA, Giga’s conservative approach, mine life, no inflation
36:45: Why the reduction in mine life
38:10: Discussion of changing discount rate – who was involved
42:20: Why are headline numbers weak, and what is/isn’t their significance to strategic investors
49:00: What’s the positive outcome for investors at play here if the economics are weaker
53:30: Quote from Mitsubishi on Giga from Turnagain and discussion of their role
55:55: What’s next for Giga
58:30: Who is interested in Giga right now?
59:55: Japanese Trade Mission Announcement Discussion and final thoughts
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Thursday Sep 14, 2023
Thursday Sep 14, 2023
Time Stamps Below
#TLG.TO #TLG
Check my Substack for companion article: https://juniorresourceinvesting.subst...
Troilus Gold is a very brownfield developer that has 8m+ Oz AuEq with great economics and a lot of reasons to believe the sting of inflation can be reduced in their upcoming FS, the first economic study since 2020. Also 260,000m of drilling is being put into an updated MRE that is just weeks away. I’ve only been following this one for a little while now, but so far I like what I see quite a bit. Large, bulk-tonnage, low-grade (but not too low) gold in Quebec with lots of preexisting infrastructure. All the big, headline, items clock in really cleanly with Troilus.
Time Stamps:
00:40: Elevator Pitch
02:20: Justin’s History
03:50: History of Preexisting Troilus Mine
06:50: Share Structure
08:30: Justin’s Average Cost Basis and Management Compensation and Burn Rate
12:45: Cost-cutting measures
17:20: Jurisdictional Advantages – Justin picks a couple favourites
20:40: ESG standards and Troilus and why it focuses so intently on it. How do they justify it?
25:30: Local Cree Nation Relations
29:50: Where does Troilus find itself right now? (MRE out soon)
31:15: Discussion of low-grade bulk tonnage
34:00: Opportunities for improvement of economics in upcoming FS vs PEA
39:00: Any community concerns over open pit and tailings?
41:30: Met work and a discussion of what the 260,000M since 2020 PEA accomplished
43:30: Upgrade to resource numbers?
44:20: What royalties are remaining after the 2.5% was bought back? Optionality with streaming copper etc.
47:00 Permitting
49:00: Discussion of Troilus’ SP struggles
54:45: 6-12 Month Catalysts and Final thoughts to Justin
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Monday Sep 11, 2023
Monday Sep 11, 2023
Time Stamps Below
Substack: https://juniorresourceinvesting.substack.com/
Brian Skanderbeg of GFG Resources (GFG.V) joins me to discuss his company and its strategy of value creation through identifying and acquiring underexplored regions of the world-famous Timmins Mining Camp. Brian and the executive team at GFG have a strong history together, having steered the revitalisation (through new discovery) and ultimate takeout of Claude Resources at USD $337M valuation during their last time together. Brian discusses with me the strengths of his team and their dedication to exploring for the next discovery in Timmins. Brian discusses how he and his team believes in methodical, data-driven modeling and exploration, which has resulted in backing from important investors such Alamos Gold and the Lundins. GFG continues to explore its Montclerg target with the thesis that shallow till cover has prevented historical exploration from understanding its true potential. With 6000 more meters of drilling imminent this month and more to come in Q1 of 2024, investors can expect a steady stream of drill results from GFG over the next 6+ months.
Time Stamps:
01:00: Elevator Pitch on GFG
01:30: Brian’s History and Experience
07:00: Lessons from Claude
12:40: Share structure and ownership
17:40: Update on Phase 2 of 2023 Drilling Program at Montclerg/Goldarm/Aljo
22:10: Breaking down the meterage of the drill program
26:20: Historical/legacy exploration on the Montclerg/Goldarm land package and how GFG uses that data.
32:30: Knowing when to keep exploring and when to move on. Finding the right land package. Discussion of pros and cons of Rattlesnake Hill, Pen, and Dore.
37:30: Brian’s Thoughts on the importance of trusting management. Ask management questions about their philosophy and rationale when they start to pivot. Most successful companies start by pivoting.
39:00: When is it finally time to move on? Brian’s dual path strategy to finding a meaningful project.
42:30: Update on Rattlesnake Hills
44:30: Lundin and Alamos Involvement – importance of these kinds of investors
50:00: What’s left to come in 2023 and the next 6-12 months in general
54:15: Final thoughts to Brian
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.