Mining Stock Education

“Silver is ready to respond to gold,” says Analyst Brien Lundin. In this episode, Brien shares mining stock picks, discusses what Trump’s win means for gold and offers resource investing insights. He concludes by sharing about the New Orleans Investment Conference (November 20-23) and what the conference offers attendees. He is the editor of the Gold Newsletter and CEO of the New Orleans Investment Conference.

New Orleans Investment Conference Link:

https://neworleansconference.com/online-registration/

Brien’s newsletter: https://goldnewsletter.com/

0:00 Intro

0:40 Trump's win and Gold

4:08 Is the Fed Trapped?

6:32 "The West could use Bitcoin to Checkmate the East"

10:13 Strength of next gold bull market

12:06 Tax Loss Season

14:00 Senior gold companies’ diversification into copper?

17:00 US big board listing

20:13 Gold and silver year-end prices

21:22 “Silver is ready to respond to gold” & stock picks

26:27 New Orleans Investment Conference

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Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Joe Mazumdar of Exploration Insights reveals his best high-margin gold producer. He also explains what the Trump election means for metals and miners. Joe discusses Barrick’s production target miss and junior mining market inefficiencies. Furthermore, Joe shares insights on Wyoming and Mexico as mining jurisdictions.

Joe Mazumdar is the editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company.

0:00 Introduction

0:45 Trump trade for metals and miners

5:55 U.S jurisdiction risk

8:09 Junior mining market inefficiencies

10:05 Barrick production target miss

12:53 Best high-margin gold producer

16:31 When a gold producer should be acquired

19:10 Tax loss selling season

25:13 Analyzing smelter costs

28:26 A.I. in mining due diligence

30:50 Mexico mining jurisdiction

31:48 Wyoming mining jurisdiction

Joe Mazumdar’s website: https://www.explorationinsights.com/

Follow Joe on Twitter: https://twitter.com/JoeMazumdar

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Ivan Bebek, Chair and CEO, commented, “We are well-financed and in the early stages of our budgeted 30-hole core drill program (49 holes permitted), with eight holes completed and assays back from our first five holes. We are highly encouraged with the early indications of the mineralized porphyry/skarn system in hole 4 on the edge of our Hojota target vectoring toward stronger mineralization, and the technical team advancing at a great pace.

The efforts to expand our permits to allow for additional holes and drill rigs reflect our increased confidence in the system and multiple targets, as we look forward to receiving the results of the next holes and continuing to drill the target-rich skarn and porphyry system. This is just the beginning of an opportunity that could provide multiple significant copper and gold targets and discoveries.”

Sponsor: https://coppernicometals.com/

Press Release discussed: https://coppernicometals.com/news-media/news-releases/coppernico-drills-19-meters-of-0.50-copper-in-first-5-holes-and-applies-for-additional-permits-at-sombrero/

TSX:COPR

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Coppernico Metals is an MSE sponsor. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“Since acquiring 100% ownership of the Éléonore South joint venture earlier this year from Newmont, the Éléonore style anomaly has been at the top of our prospective list,” commented Tim Clark, CEO of Fury. “Given the size, scale, and proximity to Newmont’s Éléonore Mine, we believe any success could create potential upside for investors and thus we are excited to commence drilling in Q1 of 2025.”

Fury Gold Mines has finalized drill targeting after completing a surficial geochemical survey at the Éléonore South gold project located in the Eeyou Istchee Territory in the James Bay region of Quebec. Drilling will target robust geochemical gold anomalies within the same sedimentary rock package that hosts Newmont’s Éléonore Mine. The completed biogeochemical sampling survey covered an interpreted fold nose within the Low Formation sediments where an orientation level study identified a large-scale gold anomaly in a similar geological, geophysical, and structural setting to that of the nearby Éléonore Mine (see news release dated March 5, 2024). Six priority drill targets across over 3 kilometres of prospective folded sedimentary stratigraphy have been identified. These six targets encompass multi point gold anomalies above the 90th percentile of the data and correlate with moderate pathfinder elemental anomalies, most notably arsenic which is associated with gold mineralization at the Éléonore Mine. The Company intends to mobilize crews in Q1 2025 for an initial fully funded 3,000 – 5,000 metre diamond drilling program.

CEO Tim Clark and SVP Exploration Bryan Atkinson provide a company update in this MSE episode.

Sponsor: https://furygoldmines.com/

Ticker: FURY

Presentation: https://furygoldmines.com/investors/presentations/

Press Releases discussed: https://furygoldmines.com/fury-finalizes-six-eleonore-style-drill-targets-at-the-eleonore-south-gold-project/

0:00 Intro

1:26 Éléonore South gold project: six targets

6:39 Gold till anomalies at Éléonore South

8:25 Prioritizing three projects

11:05 Serendipity gold discovery

12:32 Committee Bay project update

18:15 Fury owns $70M of Dolly Varden Silver shares

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Fury Gold Mines is a Mining Stock Education sponsor. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Pro Small-Cap Investor Mark Zaret Reveals his proven formula for resource stock 9-baggers. He recaps the investment rationale for the stock pick Tenaz Energy he shared on MSE in October 2022 when the stock was only $1.40/share. Today, it is over $13.00/share. Throughout the interview, Mark shares his approach to small cap speculating which has produced tremendous wealth for himself over the decades.

Mark began investing in the early 1990’s and achieved a significant net worth by focusing on Canadian micro-cap companies, especially junior resource stocks. Success was achieved through a disciplined approach of investing primarily in early life-cycle companies with low market caps, high insider ownership, and executive boards with strong credentials. Mark is currently working at Spartan Fund Management as an analyst and strategist in the area of small and micro-cap investing. Be inspired and educated by a 30-year mining stock veteran in this interview.

0:00 Introduction

048 Proven formula for small-cap 9-bagger

7:57 Small-cap loser (so far)

12:02 Needing the macro to make money with the micro

14:29 Why invest in shell companies

17:08 Biggest lesson learned in past year?

18:50 Resource stock pick flat after two years

22:22 Sports betting vs speculative resource stocks

26:55 How to find the best small cap speculations

29:55 Buying slowly

Mark advises the Spartan Fund: https://spartanfunds.ca/spartan-fund/teraz/

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None of the stock picks Mark mentioned are MSE sponsors or owned by Bill Powers at the time this episode was published. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“Despite the strong gold price environment we are in, a lot of juniors in the gold space are still really struggling…to raise money. That to me shows we are not in a crazy bull market. A crazy bull market is moose pasture in the middle of nowhere being able to raise thirty million dollars at a drop of a hat. To me that is the sell signal…we have not yet seen the generalist into this sector,” shared Dr. Adshead-Bell. She also provided commentary on the best practices for investing in the junior gold mining sector.

Nicole Adshead-Bell is the Director of Cupel Advisory. She is a PhD geologist by trade and has worked in the resource sector for more than 24 years. Her roles within the sector have varied from analyst to M&A facilitator to junior resource company board member.

0:00 Intro

1:06 US Election’ impact on resource sector

2:27 Newmont's 2nd project sales

10:47 Recent M&A and where we are in the cycle

19:57 Porphyry vs low tonnage/high grade copper projects

24:22 Impact of Re-Domiciling of Solaris Resources

29:05 Understanding jurisdictions

31:39 Is it time to buy marginal ounces in the ground?

36:15 Importance of strategic investors

39:58 Breaking bad investor habits in 2025

Junior Stock Review Premium - https://www.juniorstockreview.com/premium-subscription/

Nicole’s website: https://www.cupeladvisory.com/about

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“Oil looks even more attractive than gold right now” says portfolio manager Tavi Costa of Crescat Capital. Tavi Costa shares that even though he expects gold over $2900/oz and silver touching over $40/oz before year-end 2024, he is even more bullish oil and possibly other non-precious metals. A year from now, Tavi sees inflation running significantly higher while the Federal Reserve refuses to rate interest rates. When this happens, metals and commodity prices will run higher, he anticipates. Tavi also reveals Crescat’s approach to portfolio allocation in the mining sector.

Tavi is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat’s macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

0:00 Introduction

1:01 US Interest Payments

4:18 Foreign ownership of US Debt

9:59 CBDCs role in the future

17:45 Mieli Effect?

24:46 Is Brazil the next economy to truly emerge?

27:15 Tensions in the Middle East

28:44 Silver

29:54 Oil is more attractive than gold now

31:15 AI potentially fixes USA debt problem

34:46 Inflation vs Metal Prices

41:13 Crescat Portfolio Allocation

48:44 Gold Price above US$2900/oz?

49:09 Silver Price above US$40/oz?

50:38 Crescat's Live Market Call

Crescat Capital: https://www.crescat.net/

Tavi’s Twitter: https://twitter.com/TaviCosta

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“Smart money is seeing the opportunity in these silver stocks, because silver has a lot of catching up to do with the gold price and because there is really not a lot of quality silver juniors out there,” says David Erfle. In this MSE episode, David Erfle also provides commentary on the gold price, the broader junior mining sector and how he is managing his portfolio.

David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day.

0:00 Introduction

1:04 Gold price

4:40 What would cause you to sell your gold juniors?

5:22 Smart money sees opportunity in silver stocks

12:04 “I like quality PEA-stage companies now”

16:54 Get multiple opinions

21:32 Junior miners and dumb money

29:05 Knowing went to sell junior miners

David’s website: https://juniorminerjunky.com/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“I’ve Never Seen Such a Strong Divide between Senior and Junior Gold Stocks” explains fund manager Willem Middelkoop. He also reveals his ideal portfolio allocation. Willem offers commentary on the current gold stock market and the recent changes at Rupert Resources. Furthermore, he discusses bigger macro financial issues such as CBDC’s, a Fed pivot and Chinese stimulus.

Willem Middelkoop is the chairman of the Commodity Discovery Fund’s management team and is ultimately responsible for the fund’s investment policy. Willem is one of the pioneers of discovery investing and is the author of seven books on economics and financial markets.

0:00 Intro

1:14 Fed Pivot and Chinese Stimulus

2:05 Too much choice in the market?

6:20 Is money available to the junior miners?

7:35 The Big Reset - "planned reset in conjunction with chaos"

10:50 Cost of living vs. electrification of the world

14:00 CBDC

18:00 Bitcoin vs Gold

20:40 Portfolio Allocation

23:55 Rupert Resources changes

29:50 Canadian Government's block of Zijin's investment into SLS

34:04 CDF's contrarian investments

35:30 What differentiates CDF from the other funds out there?

Willem’s fund: https://www.cdfund.com/

Willem’s Twitter: https://twitter.com/wmiddelkoop

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Tim Kingsley, Coppernico Metals’ Vice President of Exploration, commented, “We are very encouraged by the geological features we are intersecting. The pace at which our team is gaining geological insights through drilling has been impressive, each hole is improving our model and allowing us to have greater confidence in our interpretations of geophysical signatures. The Ccascabamba Area represents a large, very active hydrothermal system, and the extent of skarn alteration and the presence of sulphide minerals in hole 4 support our exploration thesis. This, combined with the complexity of the vein systems, indicates that we are in a highly prospective zone. As we move forward, we remain committed to deploying best practices in exploration, ensuring that we meet our environmental and social responsibilities.”

CEO Ivan Bebek and VP of Exploration Tim Kingsley provide an update on the Sombrero exploration program. The company is currently on hole 6 of a 30-hole planned program.

Coppernico Metals is an exploration company focused on creating value for shareholders and stakeholders through the exploration and discovery of world-class copper-gold deposits in South America. The Company’s management and technical teams have a successful track record in raising capital, discovery and monetization of exploration successes. The Company is currently focused on the Sombrero project in Peru. Coppernico Metals is listed on the TSX under the ticker “COPR”. In this interview, Ivan Bebek, President and CEO, provides an update on the company’s progress and plans.

0:00 Introduction

1:29 Tim Kingsley intro

3:16 Hole #4 “proves our thesis”

5:27 Follow the geophysics

6:04 Why a visuals-only press release?

9:51 Drilling hole 6 now into chargeability

10:21 Strategy of the current one-drill program

11:08 COPR applying for 200-hole permit

11:44 Most-frequent investor questions?

15:43 Assays time and releasing results

Press Release discussed: https://coppernicometals.com/site/assets/files/6176/2024-09-09_coppernico_drill_update_and_conferences_final.pdf

Sponsor: https://coppernicometals.com/

TSX:COPR

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Coppernico Metals is an MSE sponsor. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/