Mining Stock Education

"The Eau Claire PEA scenarios each demonstrate an exceptional internal rate of return and net present value," commented Tim Clark, CEO of Fury. "The results validate our belief that the market has significantly undervalued the project within Fury’s broader asset portfolio. With strong infrastructure in place, including access to hydro power and roads, combined with favourable metallurgy, Eau Claire stands out as a highly attractive development opportunity with substantial exploration upside, presently hosting a combined Eau Claire and Percival resource of 6.39 Mt at 5.64 g/t gold containing 1.16Moz gold Measured and Indicated plus 5.45 Mt at 4.13 g/t gold containing 723koz gold Inferred."

Sponsor: https://furygoldmines.com/

Ticker: FURY

Press Releases discussed: https://furygoldmines.com/fury-announces-results-of-preliminary-economic-assessment-for-the-eau-claire-gold-deposit-with-a-base-case-after-tax-npv5-of-554m-and-after-tax-irr-of-41/

0:00 Intro

0:57 Three PEA scenarios

3:23 CEO commentary

6:03 New PEA vs old PEA

8:11 Toll milling partner

10:03 Base case vs toll milling timeline

11:08 Sensitivities

12:09 76% ounces M&I

13:41 Explorer to Developer

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Sponsor Fury Gold Mines pays MSE a United States dollar seven thousand per month coverage fee. 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/

In this episode of Mining Stock Education, host Bill Powers interviews Steve Todoruk, a seasoned exploration geologist and stockbroker with Sprott Global. Steve dives into his strategies for investing in junior mining companies, particularly focusing on discovery hole investing. Drawing on his extensive experience in geology and finance, Steve explains how he identifies promising junior mining stocks, assesses their potential, and navigates investment risks. Listeners will gain timeless insights into maximizing their returns from early-stage mining stocks, making this episode a valuable resource for both novice and seasoned investors. This interview is a must-listen for savvy investors and was originally broadcasted on MSE in July 2017.

00:00 Intro

03:05 State of 2017 Junior Mining Exploration

04:28 Ideal Junior Explorer Profile

07:11 Investment Strategies: Prospect Generators

11:09 Discovery Drill Holes and Investment Timing

15:23 Case Studies: Successes and Failures

23:21 Investing in Uranium Explorers

26:27 Conclusion and Contact Information

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/

In this episode of Mining Stock Education, host Brian Leni is joined by Michael Sinden, Managing Director, and Gordon Sobering, Director of Costing and Engineering at Costmine Intelligence. The discussion centers around mining cost analysis, project evaluation, and key factors affecting investment decisions in the resource sector. They delve into the expertise shared by Costmine Intelligence in providing high-quality, proprietary cost data, the impact of recent economic cycles, and the nuances of the cost elements in mining projects. Gordon and Michael also provide insights into the relevance of ESG factors, the importance of estimating reclamation costs, the variability in cost estimates at different stages of project studies, and emerging trends in alternative energy sources and automation in mining.

00:00 Introduction

02:01 Impact of the Pandemic on Mining Costs

03:37 Energy Costs and Future Predictions

05:18 Alternative Energy Sources in Mining

09:02 Challenges in Technical Studies and Cost Estimates

19:45 Jurisdictional Cost Differences in Mining

23:03 AI and Automation in Costing

23:17 Electric Vehicles and Data Sets

23:29 Challenges in AI and Automation Data

25:18 Automation in Steel Manufacturing

26:33 Patterns in Commodity Cost Data

27:38 Mineral Processing and Metallurgy

29:07 Bulk Sampling and Cost Viability

32:31 Inflation and Cost Indices

35:06 Focus on Gold, Copper, and Iron Ore

37:20 Bulk Commodities and Transportation Costs

38:59 Cost Mind Intelligence Services

41:05 Conclusion and Final Thoughts

https://www.costmine.com/

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

Mining Stock Education 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/

In this episode of Mining Stock Education, host Bill Powers sits down with strategic resource investor and returning guest Dave Lotan. Broadcasting from his summer home in Ontario, Dave shares his extensive expertise on junior mining stocks, emphasizing the importance of understanding market cycles, capital flows, and government policy impacts on natural resources investments. He reflects on specific mergers and acquisitions within the sector, provides analysis on the impact of government interventions, and discusses the nuanced strategies around investing in small-cap mining stocks. Dave also addresses the significance of relationships and boots-on-the-ground research in his investment approach while offering a candid perspective on the competitive nature of resource investing.

00:00 Intro

00:42 Insights on Junior Mining Cycles

01:53 Understanding Capital Flow in Resource Sectors

03:29 Gold Sector Cycles and Investment Strategies

08:55 Government Policies and Their Impact on Resource Investments

17:06 AI in Resource Investing: Potential and Limitations

24:05 $MAI $HSTR $ITR

27:31 $TXG $PRYM

29:29 $PAAS $MAG

30:18 $EQX $CXB

32:31 $SAND $RGLD $HCU $ELE

35:51 The Role of Rumors in Mining Investments

37:21 The Flea Market Nature of Junior Mining

41:07 $HG Social Media Promotion

46:43 Final Thoughts and Disclaimers

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

Mining Stock Education 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/

A unique and often overlooked way to profit through investing in the junior resource sector is by taking advantage of arbitrage opportunities. These opportunities occur stunningly frequently in the sector and provide the astute investor with a lower risk avenue to consistently make high returns in an otherwise volatile sector. In this interview, Jayant Bhandari of Anarcho Capital Inc. explains how to profit from arbitrage in junior mining stocks. Jayant is one of the foremost voices in junior resources teaching about and lifting up arbitrage opportunities within the sector. Previously, he has worked for well-known natural resource investors Doug Casey and Frank Holmes. Currently, he advises institutional investors regarding investing in the junior mining sector. This interview is a must-listen for savvy investors and was originally broadcasted on MSE in June 2017.

0:00 Intro

3:05 How Jayant came to focus on junior mining stocks

4:10 Why Jayant focuses on arbitrage opportunities

4:54 Why arbitrage occurs in junior mining stocks

5:54 Where arbitrage occurs most frequently in junior resources

9:16 How many significant arbitrage opportunities occur each year

9:41 Past arbitrage opportunity of Sunridge Gold explained

12:08 Why arbitrage can grow over time in junior resources

13:01 What % arbitrage upside Jayant looks for before investing

14:49 What factors/risks to examine in an arbitrage opportunity

18:46 Profitable arbitrage trades Jayant has made

21:31 Final advice on profiting from arbitrage in junior resources

https://jayantbhandari.com/capitalism-morality/

Coupon Code for 10% off: MSE25

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/

In this episode of Mining Stock Education, host Bill Powers interviews private investor Sultan Ameerali, who delves into his investment journey with junior miner Minera Alamos (TSXV:MAI; OTC: MAIFF). Sultan discusses the rationale behind his initial investment into the company in 2018 and the factors that led to his decision to recently sell the stock. The conversation highlights the importance of developing and understanding your investment process, not falling in love with management, keeping watch over your ego and the risks associated with balance sheet issues in the junior mining sector. Both Sultan and Bill explore the balance between upside potential and downside risk, offering valuable insights for thoughtful investors in the mining sector.

00:00 Introduction to Mining Stock Education

00:45 Guest Introduction: Sultan Am

01:24 Initial Investment in Minera Alamos

02:59 Challenges and Setbacks

03:54 Recent Developments and Decisions

06:44 The Permitting Halo and Financing

08:41 The Transformational Acquisition

14:10 Ego and Investment Decisions

18:14 Evaluating Management and Opportunity Cost

21:14 Understanding Risks and Opportunities in Mining

24:28 Balancing Upside and Downside in Investments

25:21 Special Situations and Downside Protection

28:57 Reflecting on Investment Strategies

34:36 Evolving Investment Processes

36:30 Final Thoughts and Future Plans

Press release discussed: https://mineraalamos.com/news/2025/minera-alamos-announces-transformational-acquisition-of-producing-gold-complex-from-equinox-and-appoints-jason-kosec-as-part-of/

Sultan’s Twitter: https://twitter.com/SultanAmeerali

Sultan’s Website: https://www.consolidatedrock.com/

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

Mining Stock Education 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/

Fury Gold Mines offers investors multiple gold discovery “shots on goal.” Drill results from the Committee Bay project, funded by Agnico Eagle, and the Sakami gold project are due within the next 60 days. In this episode, SVP Exploration Bryan Atkinson and CEO Tim Clark provide an update on Fury Gold Mines many projects across the portfolio, including the first drill hole at Sakami which yielded an intercept of 41.5m of 1.23 g/t gold.

Sponsor: https://furygoldmines.com/

Ticker: FURY

Press Release discussed: https://furygoldmines.com/fury-intercepts-41-5-metres-of-1-23-g-t-gold-at-sakami-gold-project-in-quebec/

0:00 Intro

0:43 Sakami project intercept: 41.5m of 1.23 g/t gold

4:31 Committee Bay drilling

6:02 Multiple discovery “shots on goal”

8:35 Eau Claire project

9:59 Kipawa rare earths project

11:51 Lithium project

13:37 SG&A & share dilution rate

16:53 Investor feedback

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

Sponsor Fury Gold Mines pays MSE a United States dollar seven thousand per month coverage fee. 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/

In this episode of Mining Stock Education, host Bill Powers is joined by John Kaiser of KaiserResearch.com, who brings 40 years of industry expertise to discuss the current state of the junior mining sector. Kaiser shares that the sector is offering the most lucrative pricing he has seen in decades, highlighting the importance of discerning valuable opportunities amidst a plethora of less promising companies. The conversation delves into Kaiser's rational speculative model for evaluating mining stocks, the impact of geopolitical and economic factors on resource juniors, and current and future trends in both precious and critical metals. Kaiser also touches on his shift in newsletter business model to rely solely on subscriber support and addresses the challenges and opportunities facing junior miners in North America.

00:00 Introduction

00:50 Current Value in the Junior Mining Sector

03:02 Rational Speculative Model Explained

04:32 Discovery and Valuation in Junior Mining

05:47 Challenges and Opportunities in Feasibility Studies

12:59 Speculative vs. Production Focus

20:14 Market Inefficiencies and Knowledge Arbitrage

23:42 Critical Metals vs. Precious Metals

25:13 Trump's War on Energy Transition

26:22 Navigating the Critical Metals Market

28:13 Challenges in American Mining Competitiveness

31:32 Global Mining Landscape and Geopolitical Influences

36:07 Innovative Approaches in Resource Exploration

39:59 Revolutionizing the Newsletter Business Model

48:06 Conclusion and Final Thoughts

John’s subscription services:

https://www.kaiserresearch.com/g11/Home.asp

https://kaiserresearch.substack.com/

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

Mining Stock Education 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/

In this episode of Mining Stock Education, Bill Powers hosts Dr. Rob Stevens, author of 'Mineral Exploration and Mining Essentials' and proprietor of MiningEssentials.com, to discuss the latest advancements in core scanning technology and the integration of artificial intelligence (AI) in the process. Dr. Stevens explains the fundamental technologies behind core scanning, such as XRF, hyperspectral sensors, and LIBS, and their roles in capturing invaluable geochemical and mineralogical data. The discussion also covers how AI can improve geological targeting and predictability in exploration projects by interpreting large datasets effectively. Additionally, Dr. Stevens highlights the applications and advantages of core scanning for investors and elaborates on how it can standardize core logging, optimize sample prioritization, and better guide future drill holes. Finally, insights are shared on the ethical considerations and the tangible benefits that investors should be aware of regarding core scanning technologies.

0:00 Introduction and Guest Introduction

0:30 Overview of Core Scanning Technology

1:51 Types of Core Scanning Methods

4:25 XRF Scanning Explained

6:14 Hyperspectral Scanning Explained

7:43 LIBS Scanning Explained

8:56 Case Studies and Examples

14:14 Advantages of Core Scanning

17:53 Role of AI in Core Scanning

19:28 Investor Considerations

22:31 Q&A Session

30:17 Conclusion and Final Thoughts

To learn about Rob’s book and online training courses: https://www.miningessentials.com/

Rob’s YouTube channel:

https://www.youtube.com/@mining-essentials

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

This episode was not sponsored. MSE received no compensation to speak favorably of Rob Stevens’ book and has no revenue-sharing arrangement with Dr. Stevens. Mining Stock Education 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/

In this episode of Mining Stock Education, Bill Powers and Brian Leni each share one of their ten-bagger losses. The duo delves into the intricacies of investing in junior mining stocks through their monthly MSE chat. They tackle a listener’s question about missed investment opportunities and discuss the importance of establishing and adhering to a sound investment process. Brian shares his reasons for passing on Filo Mining due to jurisdictional risks and contrasts it with his success in investing in AbraSilver. The episode also covers investment strategies, such as balancing risk and return and the differences between conservative and speculative approaches. They analyze market dynamics, including the challenges of opaque markets like rare earth elements, and discuss the significance of due diligence, valuation, corporate transparency, and management credibility. Additionally, the episode explores the importance of learning from investment losses to refine one’s process and the contrasting approaches between “spray and pray” and targeted, strategic investing. Listen to these two full-time mining speculators share insights and reflect upon your own approach to junior mining speculation!

0:00 Introduction

0:31 Ten-bagger losses

7:39 Process modification

11:02 “Spray & Pray” vs Rifle approach

19:19 Conservative vs Speculative

22:36 Corp decks

28:10 New geological model speculation

31:43 Investing with failed management

36:50 Lower-tier management with cash

39:40 Director’s overcompensation

44:14 Pump-n-dump case study

49:22 Honorable founder’s shares escrow

52:13 Rare earths

Brian’s website: https://www.juniorstockreview.com/

Bill’s Twitter: https://x.com/MiningStockEdu

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

Mining Stock Education 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/