Junior Resource Investing

“Masters of Value: Thriving in Tough Markets” JRI Hosts Great Bear, Snowline, and Fireweed Metals

Time Stamps Below
https://juniorresourceinvesting.substack.com/
It’s a tough resource market right now, with a lot of downward-pressured chop for most companies and a bleak prevailing mood. But this market hasn’t been totally ruthless - big time projects are still being rewarded big time. Here to break up the doldrums and despair a bit is a panel of recent winners to talk about their wins, how they came about, and lessons learned for investors hunting for the next one. Though none of these guys really need an introduction if you follow the industry, joining me are: Chris Taylor. Current chair of Kodiak Resources (KDK.V) and former CEO of the famous Great Bear Resources which was sold pre-economics to Kinross for CAD$1.8B. One of my old favourites and one I did well on. Scott Berdahl. Current CEO of Snowline Gold Corp (SGD.V). If you’re in the sector and have a pulse you know this one. Up 75% over the past 12 months. 2.5 years ago it was trading for less than 20 cents. Now it trades around $5. Not bad. I guess. Brandon Macdonald. Current CEO of Fireweed Metals Corp. Another exciting winner that just keeps building off its success as positive news keeps coming from all angles for it (M&A, exploration, and partnerships). Currently up 165% over the past 12 months
Time Stamps
01:45: Brandon, Scott, and Scott tell the story of their success and the struggles
07:15: How much does management skill or personality matter to project success?
12:00: What are some risk mitigation strategies you look for as investor and executive
17:15: Thoughts on royalties and streams for financing
22:55: Advice on what to look for in management
29:20: Red flags?
32:00: Thoughts on paid marketing
36:55: What are some signs a company is pumping?
38:50: Thoughts on how companies disclose results and transparency (smearing, true widths, etc)
41:00: How important is a formal understanding of geology to success as an investor?
46:30: Company picks or what to look for.
52:00: How active are you in the market?
53:45: Camp food
56:00: Where is snowline in the mine life cycle?
58:00: What motivated Lundins to invest in FWZ?
59:20: How important are conferences to companies?
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.

Investing at the Ground Floor: The Asymmetric Upside of Early Exploration (6ix Panel Series)

Time Stamps Below:
https://juniorresourceinvesting.subst...
No one invests in the junior mining sector to match the index. The whole allure of the sector is its high-risk, high-reward nature, and how building a foundation of knowledge can tip the scales in your favour. The ultimate, logical, conclusion of that line of thinking is investing in the pre-discovery explorer. Penthouse or outhouse plays where the outcome is as binary as it gets in the market. This is where you go to make fortunes that can only be created by successfully picking pre-discovery plays. But you need the industry knowledge and expertise to make it happen. Companies Attending: GFG Resources (GFG.V) Kiboko Gold (KIB.V) Northern Shield Resources (NRN.V) Thunder Gold (TGOL.V)
 
Time Stamps
02:00: Company Introductions
05:45: Favourite discovery or what kind of deposit they think they have
10:45: How can you tell if a company is exploring properly
15:45: How much do you rely on historical data?
22:30: What do you look for in projects, what positives about your own project do you want to highlight?
27:45: Warning signs you look for in early explorers.
33:00: How important is jurisdiction for you?
40:00: How do market conditions impact your decision making process?
47:20: What is the future of mineral exploration in terms of technology?
55:00: News and future catalysts and your potential
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.

JRI 36: Globex Mining. CEO Jack Stoch explains why, when it comes to his company, patience pays.

Time Stamps Below.
I have a Substack! There is a companion article to this interview there - go check it out! https://substack.com/@juniorresourcei...
Globex (GMX.T, GLBXF, G1MN) is a "project bank" developer and royalty company consisting of 232 different land claims and 90 royalties. Jack Stoch is a capable CEO running a smart company trading at a deep discount to its intrinsic value. Patient investors will have a great opportunity at powerful returns by buying into this “mini-ETF”.
Time Stamps:
00:30: Elevator Pitch
1:30: Jack’s history
02:45: Philosophy of Jack’s Business
05:45: Ever felt the need for financing?
07:00: Jack’s Team
09:30: Question about management compensation and strong 2022 company performance
11:00: Flagship holdings discussions – Emperor, Yamana, Talc, Dolomite
19:00: Talc project follow-up questions, contact with large companies, when to expect updates
22:20: Jack’s preferred outcome for his project deals – JV vs. option vs. royalty – and why
26:00: Patience and Lack of dilution risk as a cornerstone of Globex
26:40: Royalty revenue – now and future (3 advanced or in production)
29:50: Taking a project into production themselves
30:30: Royalty revenue projection discussion
33:30: Jack’s attitude to share-based compensation (hold vs. sell)
35:00: What are his plans with all the cash and assets they have?
38:00: Plans for their royalty package
39:00: Challenges of a running a public company
40:00: Does his cash on hand change his strategy?
41:15: Why does Globex trade at such a deep discount to its fair value?
45:20: How is that solved?
48:50: Royalty cos getting credit for future revenue
50:00: Discussion about Ironwood project and future announcements/production
51:10: Silidor granite project – are they receiving royalty/tonnage payments?
52:30: Mine length of granite quarry?
54:15: Jack’s plans for Globex after his retirement
58:00: Final thoughts to Jack
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.

JRI Hosts: 6ix ”Rockstar Geologists” Panel, July 24, 2023

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I hosted another panel - my 4th now I think - for 6ix recently. It was a strong and diverse group of geologists and companies. I was joined by Wes Hanson: President and CEO of Thunder Gold (TGOL.V) George Read: Senior Technical Advisor – Star Diamond Corp (DIAM.TO) Greg Smith: VP Exploration of Newcore Gold (NCAU.V) Jack Stoch: President and CEO of Globex Mining (GMX.TO) This intimate panel of rockstar geologists focuses on the stories of their long careers and highlights of their current projects. Learn why they joined their respective companies, what draws them to their projects, and what's changed for geologists in the past 10 years in the exploration game.
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.

Reimagining the Future of Mining: How McEwen (MUX) is Building for the Future.

Time Stamps Below
Substack: https://juniorresourceinvesting.substack.com/
Rob McEwen is of course one of the biggest names in mining. He has a record that combines success and pursuit of mining best practices in a way that is unique among his peers. McEwen Mining (MUX.TO) in effect is two different metal companies come together - a collection of smaller-but-producing gold mines and a huge, world-class, copper project at the PEA level.
The gold mines are theoretically meant to aid in funding the development of the Los Azules copper project to minimise dilution. However, it has recently not worked out that way. Cost overruns have eroded profit margins, and MUX is in the process of bringing them under control, as Rob discusses with me.
Gold mine production aside, the Los Azules project really needs no help standing on its own. World-leading tonnage - to the tune of over 10 billion pounds of indicated Cu, and nearly triple that (26.7 B lbs) in the inferred category. Extremely cheap cost-per-pound. Good jurisdiction. This one is an obvious winner.
But Los Azules is so much more than that. Rob has a vision for what the mining industry needs to be, and is working to realise it with Los Azules. Green energy power plants, electrified mining, carbon neutral, environmentally friendly extraction (and without toxic byproduct, low water usage, integrated community infrastructure projects, education initiatives, the list goes on. Rob is trying to create a model for an essential industry with a lot of baggage in some communities.
Rob joins me to discuss all this, his company, and offers thoughts and advice to listeners on how to navigate the difficult waters of resource exploration companies.
Time Stamps:
01:30: Rob’s Start in the Industry
03:50: What continues to draw you to this industry
05:40: Reflections on lessons learned from his career and discussions on current economic conditions
McEwen Mining Discussion
08:00: Discussion of cost overruns in MUX’s gold mines
13:00: How do you marry Los Azules and MUX’s producing gold mines?
18:30: How and Why does MUX plan to achieve its renewable and green energy goals?
21:10: His vision for Los Azules
26:30: How does mining improve its approach to local stakeholders?
28:45: Los: Azules, how do you manage exploration and development with such a large project?
31:00: When will Los Azule IPO? What are the factors?
35:00: What is Stellantis’ level of involvement in the project?
36:40: Advice from Rob on how to assess developers
41:10: What are dealbreakers for Rob?
44:15: What role does jurisdiction play for Rob?
48:15: Final thoughts from Rob
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.

JRI 37: Invictus Energy. ”Shooting Fish in a Barrel.” MD Scott Macmillan explains the future of IVZ.

Time stamps below
 
I have a Substack! https://juniorresourceinvesting.subst... Scott Macmillan of Invictus Energy (IVZ.AX, IVCTF) joins me and independent consultant Jamie Vinnels for another "fireside chat" update built around investor questions. In this wide-ranging conversation, Scott discusses the past, present, and future of Invictus, and makes his case as to why things are looking up for the company. With their Mukuyu-2 well due to spud by the end of September, all eyes are on Invictus to see if they can finally achieve the transformative results they teased the market with this time last year. Make sure to use the time stamps below!
Time Stamps:
Mukuyu-1 Chat
08:30: Update on rock and fluid analysis
15:15: Timeline of core analysis news release?
18:15: How was Mukuyu-1 left? P and A? Re-enter?
22:20: Root causes on time dependent hole stability issues
24:30: Mud chat sidebar conversation Mukuyu-2 Chat
28:20: What went into changing the position for Mukuyu-2?
35:15: Different HCs in different parts of the land block – different source rock? Different maturity window?
39:10: Concerns surrounding monitoring of next well – appropriate specialists etc. – what are you adding to ensure success
45:30: What is the “goal” of Mukuyu-2? What does success look like? (4 separate discoveries?)
51:30: Will you use MDT to confirm pay while drilling or TD first then wireline?
55:15: Pebbly Arkose (inc. Net-to-gross percentage, trapping mechanisms)
57:00: Upper Angwa
60:30: Mud chat
61:00: WBM? Bringing on Lokichar Mudman
63:15: Spudding of the Well – on track to spud in September?
63:30: Confirmation of wet season
67:20: Mid-September spud
67:20: How long do we have the rig booked for?
69:00: Sidetracking Mukuyu-2? What do you do after success at Mukuyu-2? (drill new well or flow test)
74:00: Favourite zone of interest?
77:20: How much fluid needs to be brought to surface to declare a discovery?
79:20: How fast to booking reserves
82:00: Using up production time limits prematurely
83:15: Can you justify philosophically why to delay flow testing a bit. (feasibility of aggressive timeframe) Post Mukuyu-2
89:15: Updated Resource Estimate?
94:15: Getting closer to P10 or P90?
96:20: Farm-in/JV process
96:45: How much does a sample to surface impact potential partners? How much work is needed to begin to extract fair value?
101:15: Is a formal JV process underway?
102:45: When does Scott feel the basin is understood well enough to prompt serious outside interest?
106:30: PPSA – risks and concerns? Merited or not?
109:00: What is the hold-up? Jurisdictional risk?
116:15: Is there risk to announce a discovery without PPSA?
118:15: What happens if the opposition is elected?
122:00: Helium
128:30: When does this work program accelerate to a more meaningful scale? Where do you go next?
139:45: Final thoughts and good byes
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.

JRI 35: Dolly Varden Silver update. ”We’re having huge success... and it’s driving our share price.”

**sorry for the poor audio quality - issue has been solved**
Please read the companion article on my substack: https://juniorresourceinvesting.subst...
Time stamps below.
Dolly Varden Silver (DV.V; DOLLF; DVQ1) I am glad to have Shawn Khunkhun back on my show to discuss the last 12 months and the next 12 months for Dolly Varden Silver (DV.V). Dolly's past 12 months have been extremely strong, with lots of exciting discoveries and subsequent price appreciation, and point to a bright 12+ months to come as well, with more and more targets being confirmed for exploration. Dolly Varden is in that sweet spot where it still has room to run on the back of continued exploration success but has enough geological understanding and discoveries behind it for it to have real odds of success, rather than a snape hunt.
Time Stamps:
01:30: What did 2022 do for DV?
09:30: Exploration and drilling success
13:40: Attracting Quality of Investors
17:55: “Be a contrarian or be a victim”
21:30: 2023 Exploration discussion
25:20: How do you measure success in 2023?
26:10: When to expect first results
27:30: DV Honesty
28:00: When might we expect an MRE and how many meters aren’t in one
29:45: Recap
30:20: Final thoughts to Shawn
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.

JRI 34: Ewan Downie and i-80 Gold: “Quality of assets, quality of jurisdiction, with infrastructure”

Please subscribe to my substack: https://juniorresourceinvesting.subst...
This is one I am excited for. Ewan Downie of i-80 Gold joins me. If you follow this sector closely at all, you will likely already know i-80 Gold. They’re a bit of an industry darling. And deservedly so - they have a great team, operate in the best jurisdiction in the world, possess rare, critical, game-changing infrastructure, and proof-of-concept production has already begun setting an ambitious mine plan in motion. Oh, and did I mention nearly 15 million ounces of gold? The man who heads this project, Ewan Downie, is in the same category as his company: If you don’t know who they are, you should. Ewan brings with him a string of wins in the form of operating mines as his work experience. No small feat in this sector. He is a strong and articulate advocate for the mining industry and when he speaks people listen. Ewan was gracious enough to sit down with me for a lengthy, far-reaching interview that covers i-80 and its unique set of advantages, but also the overarching philosophy behind him and his company, as well as a strong discussion on what it takes to be a successful investor in this sector.
Time Stamps
01:00: How Ewan got his start
03:00: Successes, failures, and lessons learned from his early days.
07:00: Introduction to i-80: Granite Creek, Cove, and Ruby Hill
11:45: i-80 pitch and slide deck.
22:10: Developers – what is i-80’s approach?
28:00: What is i-80 doing different that is so important
32:00: Length of time to get to production – good and bad
33:50: Why Nevada jurisdictionally works so well -permitting
39:00: Public Perception of Mining
43:15: Bullish, bearish, or neutal, on general markets
48:30: Gold Explorer Sector Discussion
56:00: Advice to retail investors
57:00: Cautions with Exploration stories
61:20: Red flags for companies for Ewan
65:10: Importance of Jurisdictional Safety to Ewan
68:00: Timing entries into exploration and development companies.
69:50: 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 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.

JRI 33: How to succeed investing in the mining sector with Peter Boockvar

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Time Stamps Below
Peter Boockvar is the Chief Investment Office of Bleakley Financial Group, a $9B wealth management firm. Prior to Blea ley, Peter spent multiple decades working within various funds and firms and possesses a lifetime of relevant experience and expertise. He is a regular contributor to CNBC and other news outlets and is the editor and founder of "The Boock Report". https://boockreport.com/ Peter joins me for a ranging conversation that covers topics such as his firm and his investing philosophy, macro conditions impacting the commodity sector, to investing tips for retail investors.
Time Stamps:
01:30: What Bleakley is
03:30: How to handle jurisdictional risk
07:50: The risks of the metals sector
08:30: Are companies “too small” for Bleakley?
10:00: What is Bleakley long on
11:40: Supply and Demand Concerns in Commodities
17:00: Why is gold not responding predictably
18:00: Historical analogues and when we might expect gold and gold explorers to rerate
21:10: What sort of exposure/value does Bleakley place on Royalty/Producer/Developer/Explorers?
22:40: Catching a cycle in Gold
26:30: Advantages of Explorers
27:45: Advice for retail investors in the commodity sector – controlling yourself and your emotions
31:50: What too look for in companies
32:30: What to avoid
34:00: The trigger for the next generalist bull market in metals
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.

JRI 32: Kodiak Copper goes Elephant Hunting. Why KDK’s 2023 has so much potential for investors.

Please subscribe to my substack and read the companion article to this interview there. https://juniorresourceinvesting.subst...
CEO Claudia Tornquist joins me to recap Kodiak's 2022 and preview their 2023 drill campaign. 2 drills confirmed, 25,000 meters. With 4 or 5 targets that have never before been drilled at depth, Kodiak offers this drill season an exciting opportunity for exposure to legitimate exploration and discovery opportunities as they continue to master their MPD porphyry system.
Time Stamps Below:
00:58: Cash-on-Hand and No Outstanding Debt
01:45: Recap thoughts on 2022 drill campaign
05:57: 2023 Exploration Targets
08:50: # of Drills, Early updates to 2023 exploration
10:50: Non-drilling exploration
12:00: 2023 Drilling plans, new and old targets
13:40: Where will the meters go?
16:25: Assay turnaround time
16:55: Mohave Update
18:10: Recap and potential for transformative discovery
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.