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.
Listen on:
Episodes
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.
Monday Sep 11, 2023
Monday Sep 11, 2023
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.
Monday Sep 11, 2023
Monday Sep 11, 2023
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.
Monday Sep 11, 2023
Monday Sep 11, 2023
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.
Monday Sep 11, 2023
Monday Sep 11, 2023
Please subscribe to my substack:
https://juniorresourceinvesting.subst...
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.
Tuesday Aug 29, 2023
Tuesday Aug 29, 2023
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.
Wednesday Aug 23, 2023
Wednesday Aug 23, 2023
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.
Tuesday Aug 08, 2023
Tuesday Aug 08, 2023
**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.