CruxCasts: Recent Episodes
CRUX Investor
Interview with Bradley Langille, President & CEO of GoGold Resources (TSX:GGD)Is the Mexican gold exploration project, Los Ricos, really the best project this CEO has seen in his entire career? He says yes.The numbers look great, the drill programme looks structured and highly-technical, the team has an excellent track record, there is cash flow being generated by their tailings operation, and the company has sufficient cash to hit its deliverables and deliver a Maiden Resource, followed quickly by a PEA, in the near future.This is an extremely promising gold development story with a potential catalysts to look out for the remainder of 2020. GoGold Resources is accelerating towards a really promising value proposition.Company page: https://gogoldresources.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Uranium Market Commentator & Bannerman Resources (ASX:BMN) CEO, Brandon Munro, calls in for our weekly catch up about the world of Uranium and Uranium investing.A "fantastic week" for uranium? We run through Kazatomprom's possible shutdown extension and the huge impact this could have on the available pounds in the market.Then, we look at the political side of things. With the Democrats no longer discriminating nuclear power from other forms of green energy, the November election no longer carries any uncertainty for uranium investors.Company page: https://www.bannermanresources.com.au/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Taj Singh, President & CEO of Discovery Metals (TSX-V: DSV)Discovery Metals: a Mexican silver developer that is part of the renowned Oxygen Capital Corporation. Sprott is the largest shareholder with c. 24% of the company.The company has reinterpreted an asset that had been designated an uneconomic bulk-tonnage operation by the previous owner because of the depressed silver price. However, by focussing on a high-grade silver drill core and a phased drill programme that includes a silver resource by this time next year, the share price has been on the rise to a record high. The project, Cordero, is one of the largest development-stage silver projects in the world. The silver player is fully-financed through to production with $40M in the bank. Let's see if Singh can hit his deliverables. We're impressed so far.Company Page: https://dsvmetals.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Nickel Market Insight with Mark Selby, Nickel Market Commentator and CEO of Canada Nickel Company (TSX-V: CNC). Stay up to date by listening to our weekly market round up on Nickel. So, what should investors make of what been going on in the world of nickel this week? It's been something of a sideways week, with nickel price ticking up by c. 1%.Big news during week was one of more followed nickel analysts lowered prices by 6-7% from 2021-2025 - LT price intact Why? 2 big drivers - current demand pullback combined with more NPI production from IndonesiaNickel & Indonesia- Why is Indonesia now such a big part of the market?- why didn't it happen before? Nickel just didn't magically appear or get discovered - deposits there all known since the 1970s- What are the implications for the overall market?- where does it go from here What are laterites? What is HPAL and how is it different than NPI ?The long-term projections for nickel demand are extremely exciting. A solid growth driver of demand is stainless steel. From 2006-2018, quantities of nickel use were 683,000t in stainless steel, 103,000t in batteries and 105,000t for other uses. The EV revolution looks set to transform these numbers, with 2018-2030 demand looking like 729,000t in stainless steel, a 46,000t increase; 825,000 in batteries, a massive 722,000t increase; and 119,000t for other uses, a 14,000t increase. Batteries are now a game-changing second driver for the nickel space, and nickel's status as the largest metal by mass in the cathodes of EV batteries is sure to be instrumental.We also run through the importance of Indonesia, particularly the nickel-ore export ban. Then, it's on to general red flags that investors need to watch out for when investing in nickel. It's important viewing for EV/nickel investors/spectators.Company page: https://canadanickel.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Mark Kenwright, Associate Director of Wardell Armstrong - International Mining ConsultantsAround 70% of public mining companies are destined for failure. It's an alarming figure, one that emphasises the need to carry out extensive, sensible due diligence. How certain are you that you pick the right company?That's where Wardell Armstrong comes in. The English consultancy firm produces all manner of reports for mining companies and investors alike. We run through the most important things that investors need to pay attention to when assessing a mining company for potential investment, the impact of COVID-19 on the mining space, and some general investment advice that should stand you in good stead.Company page: https://www.wardell-armstrong.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Bert Monro, CEO of Cora Gold (AIM: CORA)Yet another West African junior gold mining story, but this time with a twist. Cora Gold plans to get into production early at its Mali gold oxide project, aiming to complete a DFS by the end of 2021 with the project financing already in place (subject to delivering a DFS at a suitable level).The team has regional experience. The shareholder registry is extremely tight. We're hoping that Cora Gold can leverage its US$4M cash to create some catalyst moments for the market in the near future, because the share price has been quite stagnant. It should be an exciting ride ahead between now and December 2021 for shareholders as the company has only just delivered a PEA. The numbers look ok and the business model is not a new one. It will come down to execution.What did you make of Cora Gold? Is this a gold junior you will investigate further? Comment below and we will respond.Company Page: https://www.coragold.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Henrik Zeberg, Founder of The Zeberg ReportZeberg has taken lots of flak from bullish gold investors recently for his suggestion that in this deflationary market, gold is on the verge of a price reset. We dig into Zeberg's understanding of the gold space, and the strong evidence behind his suspicions.However, many investors aren't realising that Zeberg actually AGREES with the most optimistic of gold bulls in the long-term. He sees US$5,000-10,000/oz gold as eminently feasible; he just thinks there needs to be a reset down to c. US$890 first.Feel free to check out Zeberg's website, www.thezebergreport.com, for more information on macroeconomics, be that the gold market, or another commodity.What did you make of Henrik Zeberg's outlook for the gold market? Will the gold price go to US$10,000/oz? Will it fall to c. US$800/oz?Company Page: https://www.thezebergreport.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with the Mercenary Geologist, Mickey FulpThe US economy is built on a house of cards and headed for a reset. So, is it all doom and gloom? 'No,' is the emphatic response of the straight-talking Fulp. You can find more of his views on http://www.goldgeologist.com/. In the case of gold, copper and uranium, there are plenty of reasons to feel optimistic. We also look at the power of jurisdiction: how can investors determine whether or not to invest in a particular country?While COVID-19 has affected investments in all manner of ways, the key principles remain the same: buy low, sell high.Company Page: www.themercenarygeologist.comExplore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with David Kelley, CEO of Chakana Copper (TSX-V:PERU)Chakana Copper Corp. is a single-asset Canadian-based copper-gold-silver advanced exploration company that excited investors at first, but a protracted Peruvian permitting process has caused a gradually declining share price and invoked frustrated investor sentiment.Kelley says the permit will finally be over the line in 4-6 weeks, and a 15,000m drill programme on breccia pipes could be a key value-creating catalyst. A larger porphyry system may lie beneath. Investors will certainly be hoping so. The copper-gold-silver grades are highly impressive, and the company is aiming for a resource size of 10Mt.We'll be watching closely to see if Kelley delivers on the long-awaited permits in a few weeks. He'll be hoping the stock sees an uptick in price because copper-gold-silver investors could well be bored of this story by now.Company Page: https://www.chakanacopper.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Paul Huet, CEO of gold producer Karora Resources (TSX: KRR)Finally the news Karora investors have been waiting for, a renegotiated royalty package with Maverix Royalty. Maverix has agreed to reduce the royalty on Beta Hunt gold production from 7.5% to 4.75% from July 1, 2020. Karora will pay US$5M and issue 35.1M shares at C$0.506 to Maverix. The US$5M will be paid in two equal installments of US$2.5M million, one on closing and the second payment in January 2021.Karora had reduced work at Beta Hunt whilst negotiations continued. The royalty to Maverix, together with the state royalty totalled 10% making it less economically attractive than their other properties. The company had paid C$30M in royalties since it owned Beta Hunt.With the reduced burden the company can start to mine again and the market will be hoping that it can once again find these course gold pockets which brought it to prominence. The economics at its average grade of c.3g/t is attractive, but the magic of the course gold is what captures the imagination.The management has been very discreet during negotiations, but now are revelling in the opportunity add to their large ore pile. The relatively inexpensive ore sorter testing result should be imminent and should removed 20-25% of waste which will drastically increase the feed grade to the mill. More margin. The business is already throwing off free cash flow. The company has options. The questions is what will the new sequence and focus of operations be.Company Page: https://www.karoraresources.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with E.B. Tucker, Non Exec. Director of Metalla Royalty and Streaming Ltd. (TSX-V, NYSE: MTA)Royalty companies give investors access to the thrills of mining returns with much less of the risk. Metalla Royalty is a smart precious metals royalty and streaming company that acquires royalties with majors for mostly shares. It's managed to bump its share price up by 700%. Metalla Royalty's focus is on development-stage precious metals properties, because these properties keep their ounces in the ground, thus maintaining the value of the royalty.Metalla Royalty is making deals that larger royalty companies can't seem to pull off, and now the company appears to be reaching its inflection point when its value might be recognised.We're fans of this story so far. The plan for the future looks like more of the same, but when the same is leading to so much success, why would investors complain?Company page: https://www.metallaroyalty.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Ben Heard, Founder of Bright New WorldWhat should uranium investors make of the new look nuclear's role in energy provision.An eco-modernist based in Adelaide, Australia, Heard grew up as an anti-nuclear advocate. However, as part of being a proponent for a carbon-neutral future, he quickly became aware that nuclear power is a necessity for our clean energy needs.Head talks us through how his own identity was transformed by education, how Nuclear SMRs and smart energy mixes are currently being implemented and can be further implemented in the future in countries around the world. Lastly, he talks on how exactly these modern technological advancements will be funded. What is the incentive?Company Page: https://www.brightnewworld.org/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Brad Sampson, CEO of Kore Potash (AIM/ASX: KP2)A potash developer in the Republic of Congo... it doesn't necessarily scream 'excitement,' but Kore Potash actually has some one the best potash projects in the entire world says this CEO.It's rare to see world-class tier-1 projects in the hands of a minnow, but are investors interested in potash? Why would an investor opt for a market that is only growing by 2-3% per year ahead of gold, battery metals or even the potential 10-bagger of uranium? Sampson believes the projects speak for themselves and that the influx of majors into the potash space evidences the money to be made in the potash sector. Will long-suffering shareholders bail at the first opportunity? Sampson believes in his shareholders.Company Page: https://korepotash.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Paul Roberts, Managing Director of Predictive Discovery (ASX:PDI)When a share price goes vertical, it's time to ask why. Predictive Discovery is an African gold explorer with projects spread across Guinea, Côte d'Ivoire and Burkina Faso. The priority is Guinea, with a recent drill programme demonstrating exceptional gold grades.There are solid gold grades at several of the companies gold projects in Côte d'Ivoire, including the 2 JV projects the company is a part of with Resolute Mining.In North-East Burkina Faso, the gold projects are not currently safe enough to carry out exploration work on.Moving forward, Roberts needs to shore up the value proposition with some more strong gold drill results in Côte d'Ivoire, while bringing institutional investors into the fold. After 10-years of stagnation, long-suffering investors may have been losing faith, and patience, with this story, but it now appears to be on the up. Is Predictive Discovery a gold junior that could make you money? Company Page: https://www.predictivediscovery.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Justin Brown, Managing Director of Element 25 (ASX:E25)Manganese isn't a commodity that most people know anything about or are that interested in it would appear, but the fundamental macro demand story is starting to be encouraging. The primary use of manganese is in steel, and it also possesses EV and energy storage applications. Both areas of demand are on the rise. Is manganese?Element25 is aiming to deliver a highly-economic medium-grade manganese resource in an accelerated timescale: Q2/21. Phase 2 could see the manganese operation ramped up even further.There are just a few things left to sort for this manganese player: the project financing, and numerous small engineering modifications. Expect a DFS in the near future that'll be widely reflective of the "PFS plus."Company page: https://www.element25.com.au/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Mark Selby, CEO of Canada Nickel (TSX-V: CNC)Nickel expert, Mark Selby, has turned the Crawford Nickel-Cobalt-Palladium project into the 11th largest nickel sulphide resource globally in just 6-months.And that accelerated delivery looks to continue as he wants to hit this nickel cycle and sell. He's now targeting the completion of a Scoping Study by year-end, a Feasibility Study by the end of 2021, and be production ready by 2025. This is an accelerated monetisation event that nickel/EV investors should investigate further.Recent drill results have thrown up some higher-grade at-surface results, including some high-grade by-products. The company has recently shored up its land position, aiming to increase the already impressive potential scale of this junior.The drill numbers are looking positive, an experienced team is in place, and the mining jurisdiction is favourable. Now, Selby needs to bring some institutional names/funds into the story as he moves towards the financing of the FS. He'll need C$10-20M and will raise it by the end of the year; he is confident he can secure it, as recent nickel market M&A suggests that the nickel market is hotting up again.Company page: https://canadanickel.comExplore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Tara Christie, President & CEO of Banyan Gold (TSX-V:BYN) This Yukon-based gold exploration story has been 10-years in the making, but it's finally delivering some value for long-time investors, with the share price edging up courtesy of a promising 43-101 resource and a stronger marketing strategy.The 2020 gold exploration programme has been announced, with 1,500m of diamond drilling to take place; this number could be upsized should additional warrants be exercised.Christie is bright, straight-talking and has a solid track record (from childhood). As a Yukon-based company, the strong transport and power infrastructure well established. Is this a gold junior that is finally going to deliver value for new shareholders? It is making all the right noises. Let's hope this exploration programme starts to throw up some more good gold numbers. Christie imbues confidence, we're now waiting for numbers to support that.Company Page: https://www.banyangold.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
A conversation with Joe Kaderavek, CEO of Cobalt Explorer and Developer, Cobalt Blue Holdings (ASX: COB)Some EV/battery metal commentators have spoken very bearishly about crushed EV demand in recent weeks. But, has COVID-19 actually been an accidental catalyst that has sped up a transition toward an EV dominant economy with more futuristic energy storage capacity? Kaderavek argues yes.EV subsidies had been due to be phased out but are now being revisited, and the long-term picture EV picture is really starting to take shape. Cobalt investors should look at the long-term picture rather than focussing too much on short-term cobalt supply destruction and EV demand disruption. The long-term picture for cobalt and other battery metals appears to be very positive as China production and supply chains power through. Will the demand from the West match their ambitions.Company page: https://www.cobaltblueholdings.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Darin Labrenz, President & CEO of Gold Developer, Pure Gold Mining (TSX-V: PGM)Pure Gold Mining has immense, high-grade gold potential. The company is fully funded ($100M) for its aggressive exploration plans, alongside the CAPEX for its flagship PureGold Mine, which will be pouring gold by the end of the year.Phase 1 is nearing completion, while phase 2 offers a significant gold exploration upside, with possible M&A some way down the road.It's a fascinating gold mining story with extremely high-grade gold and a sensible phased business model at its core.Company page: http://puregoldmining.ca/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Nickel Market Insight with Mark Selby, Nickel Market Commentator and CEO of Canada Nickel Company (TSX-V: CNC). Stay up to date by listening to our weekly market round up on Nickel.1. Market Update- INSG data is out - Chinese demand almost fully recovered, nickel supported by COVID-19 mine closures, earthquake near Sulawesi helping support ore prices.2. Market info- Tesla using an LFP battery in one of their Chinese models - is this sign nickel going to be substituted out like cobalt?3. Industry news- don't look now - 2 best low-grade nickel deposits quietly acquired in Australia during past month- BHP bought Honeymoon Well project from Norilsk - no price published - Rumour has it they were looking for $100M previously- OZ Minerals paying $76M million for Cassini Resources for remaining 30% of Nebo-Babel project Company page: https://canadanickel.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Adam Trexler, President and Founder of Valaurum, Inc.Valaurum is a private, gold nanotechnology company that creates 3D gold banknotes: Aurum®. The long-term goal is not just to be a collectable gimmick, but to make gold ownership and investment accessible to all while turning the notes into currency that can be used every day.There are some big names involved in this story, many of whom used to work for the US government in various capacities. The battle going forward is to continue developing the technology and having conversations with potential major strategic partners. Valaurum wants to upgrade its processing capacity with the proceeds generated via a US$1M raise, and this potential partner. However, he is approaching things cautiously. This is a new, complex market and demand isn't soaring just yet.Trexler needs to balance the gradual increased of processing capacity with the slowly increasing levels of Aurum® awareness and, therefore, demand.Company Page: https://valaurum.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with David Morgan, Founder of The Morgan ReportIn the battle of the common investors vs the banks, it's clear which side David Morgan is on. He writing a free newsletter for over 20-years called the Morgan Report, in addition to providing stock picks via a subscription service.This is a bleak, honest journey through the political and economic issues we are facing today in the wake of COVID-19 given our current system. We talk about quantitative easing, the future of globalism, potential new forms of cashless currency, and what could be done to fix the world's problems. Maybe a morally superior form of AI will have to solve things... It's a compelling watch, and we're delighted Morgan could share his insights with us. Make sure you check out his website. Company page: https://www.themorganreport.com/ Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe
Interview with James McDonald, President & CEO of Kootenay Silver Inc. (TSX-V: KTN)Kootenay Silver is a complex, high-grade, Mexican silver story. The company has rare 2 high-grade silver projects that can work in this reduced silver price environment: Columba and Copalito.The company also owns 3 other projects that will become economic once the silver price is more favourable. We discuss the silver macro story with McDonald, the timing of his drill programmes at Columba and Copalito, his prediction for the market respond to incoming drill results, and Kootenay Silver's lack of communication with the market. Also, why should investors choose silver equities over gold equities? McDonald explain two important aspects of silver demand that combine to create a commodity that can violently gain and lose value. Company Page: https://www.kootenaysilver.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe
Interview with John Reade, Chief Market Strategist of World Gold CouncilThe World Gold Council is an unbiased, objective, global authority on gold. Formed by 26 gold mining companies 34-years ago, its introduces investors to the benefits of investing in gold, including physical gold.Gold is an especially useful investment commodity for 4 reasons:1. it is a source of portfolio performance,2. it is liquid,3. it is a source of returns and;4. it is a means of diversification like no other. We discuss the different ways to invest in gold, the outlook for the gold market and the primary drivers and mechanism behind a most popular trading commodity behind oil.Company Page: https://www.gold.org/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Interview with Stephen Stewart, Director of gold-silver/VMS player, Mistango River Resources (CVE: MIS)On the doorstep of Canada's highest-grade gold mine, Mistango River Resources is a vessel of Orefinders. The company has 3 assets, ranging from conventional gold-silver exploration plays to high-grade VMS boulders. Sprott has thrown some money into the story.A drill programme will commence by the end of Summer, and the gold-silver/VMS samples will hopefully provide investors with the certainty they need to pile in. Company Page: https://www.mistango.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://club.cruxinvestor.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Uranium Market Commentator & Bannerman Resources (ASX:BMN) CEO, Brandon Munro gives us an exclusive run through on the World Nuclear Association (WNA) Nuclear Fuel Report - Extended Summary. This is the first document of its kind by the WNA. The summary lays out the nuclear fuel cycle and macro thesis for the need for nuclear (and why uranium investors should feel comfortable), in easy to understand format and language. And most appealing is the plethora of charts, tables and diagrams to make the numbers easy to access and extrapolate. Good work WNA.As ever, Munro masterfully breaks it down so that we can appreciate the moving parts and why the Extended Summary has been put together like it has. Munro was also co-Chair of the Demand Side Sub Group and contributor to the Fuel Report and Summary. Good work Brandon Munro. Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://club.cruxinvestor.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Anthony Viljoen, CEO of AfriTin Mining (LON: ATM)The bad connection meant Anthony's computer was cutting out sound when the interviewer asked questions. So, less questions were asked with more talking from Anthony (maybe how some people would prefer it!). The interview was a bit more a company transmitting rather than conversation. Sometimes, technology doesn't quite work as it should. Apologies.While tin isn't the most fashionable of commodities, the macro story tells a tale of potential rising industrial demand. And potential links to application within the EV revolution have added a little spice to the recipe.AfriTin has large open-cast tin assets in Namibia and South Africa. Production costs look like they'll fall in a lower quartile. All we are waiting for is the proof of concept for tin concentrate production, which Viljoen expects to achieve in the near future, and the financing. Company Page: http://afritinmining.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://club.cruxinvestor.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Chris Reed, CEO of Neometals (ASX: NMT), and Accompanied by Darren Townsend, Chief Development Officer, and David Robinson, General Manager.Neometals is an exciting futuristic story. In each interview that we've carried out with the company, the management team has unpacked the value proposition of exciting, forward-thinking projects that play nicely into the increasingly popular ESG thematic and the EV/battery revolution.Today, we talk about the company's high-grade vanadium-bearing slag recovery project in Sweden. It has a JV with Scandinavian powerhouse, SSAB, which has nearly 2M tonnes of waste spread across 3 steel mills in Sweden and Finland. The average vanadium pentoxide grade in the slag ranges between 2.67% and 4.1%.We discuss the recent scoping study results. Neometals has the methodology to effectively extract the vanadium while keeping operations in a low quartile for cost.The project development model ensures that Neometals doesn't need to spend big wads of cash and with around A$100M in the bank, the company has more than enough cash to carry out its operations and continue to expand. Company page: https://www.neometals.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://club.cruxinvestor.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux...https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Farhad Abasov, CEO of Lithium Developer, Millennial Lithium (TSX-V:ML)The last major hurdle for Millennial Lithium's flagship Pastos Grandes Lithium Project in Argentina was the Environmental Impact Assessment (EIA). Today, the company has announced that the DIA has approved its EIA, and now the company really is ready to get into production when the time is right. There are a few small functional permits to sort, but they are unlikely to pose any real issues.The project has world-class economics; it's in the lowest quartile for cost. Now, with Argentina back open for business, the shovel-ready project could create some major growth, once the funding is all in place that is. Company page: http://www.millenniallithium.comMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/ For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Leon Coetzer, CEO of Jubilee Metals Group (AIM:JLP)Jubilee Metals Group is a tailings company that is listed on AIM. The company extracts minerals from tailings dumps. One of our favourites. Now they need to deliver. The major issue for Jubilee Metals has been the lack of growth with their share price, which has partly been caused by investors not quite seeing the sexiness in a small-scale tailings story. It's been as high as £0.65 in early 2017 but has been hovering around the c.£0.35 doldrums in recent months.HOWEVER, Coetzer is changing this. The company has announced a 150Mt copper tailings processing project. Originally, Jubilee Metals was a service provider; now, it's an owner. Due to balance sheet restrictions that all startups suffer under, it had been targeting relatively small-scale tailings operations, but today, Coetzer is delighted to explain that things are going to be changing.We run through the finances and the potential upside for investors. We're big fans of tailings stories. They might not provide the more lucrative blue sky upside of classic exploration, but they carry an enormously reduced risk profile. Rather than drilling into the ground and hoping for results, tailings companies deal with material that is already at surface, with known grades and process. In addition, tailings companies play into the ESG thematic nicely; their operations carry great benefits for the environment.This is a nice story. We've always appreciated Coetzer's candid nature. However, the value proposition was always a sticking point. This interview made us feel a whole lot more optimistic. Company Page: https://jubileemetalsgroup.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with John Proust, CEO of Japan Gold Corp. (TSX-V: JG) (OTCQB: JGLDF)An extremely complicated Japanese gold mining story. A highly prospective excitement of the region, given there has been little mining there since WWII. Promising gold geology and geophysics in the region, as evidenced by one of the world's highest -grade producing gold mines, Sumitomo's Hishikai. 2 majors involved: Barrick Gold and Newmont Corporation, but these might merely be option plays.With 30 different projects, and C$26M spent, the share price has done nothing for shareholders. Regardless of the promising elements of the business, this is a clear concern for gold investors and generalists alike.The key to unlocking the value of Japan Gold will be if the company can convert its asset value into gold ounces. Barrick is taking care of the development of 28 projects for the next 2-years, investing C$5M to assess them, but Japan Gold is bankrolling their involvement with the remaining two. It's eminently feasible that the 2 majors could walk away if the opportunity doesn't match up to their expectations. We've seen it in Africa on numerous occasions. If that's the case, Japan Gold hasn't yet demonstrated that it has the adroitness to spend its own money on accretive value for shareholders. The company's marketing to gold investors has also been largely ineffectual.It's easy to see why there are so many doubts, but there are plenty of reasons to be positive. This is a promising, vast portfolio, and if Proust can invest the company's money smartly, investors could yet be onto a real winner. Company Page: https://japangold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestor
Brandon Munro, Uranium Market Commentator and CEO of Bannerman Resources (ASX:BMN) calls in for our weekly catch up about the world of Uranium and Uranium investing.Uranium Market Commentator & Bannerman Resources (ASX:BMN) CEO, Brandon Munro, calls in for our weekly catch up about the world of Uranium and Uranium investing. How do new investors in uranium play this cycle & which companies are set up to win? This week we discuss: Company page: https://www.bannermanresources.com.au/Join Our Crux Club: https://www.crux-club.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux...https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Reuters Senior Metals Columnist Andy Home gives us his broad view of the Metals markets.Home is the Senior Metals Correspondent for Reuters. He is an expert on global metals markets.We run through nickel, lithium, cobalt, copper, zinc and aluminium. And some big clues about what is happening in each and why? What is going on in the world right now? How has the "lockdown lottery" of COVID-19 affected metals demand and production?In addition, Home is able to convert this knowledge into practical advice for investors. The world is changing, and it is time for investors to take a look at the bigger picture.Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Alex Edmans, author of the bestseller, 'Grow the Pie: How Great Companies Deliver Both Purpose and Profit,' and Professor of Finance at London Business School.Companies with a purpose beyond simply making money are more likely to grow and be successful. We all have a part to play, and Edmans unpacks the rationale, the evidence, and the conclusions he has drawn from an immense amount of research. An intriguing watch.Find the book here: https://www.growthepie.net/ Make smarter investment decisions, subscribe here: https://www.cruxinvestor.com Join Our Crux Club: https://www.crux-club.com For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestor https://www.linkedin.com/company/crux-investor/ https://www.facebook.com/cruxinvestor Take advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Tim Carstens, Managing Director of Base Resources (ASX/AIM: BSE)Producing at a Mineral Sands project in Kenya, Kwale, and developing a Mineral Sands project in Madagascar, Toliara, Base Metals is an significant minerals sands player.Everything appears to be going well, except for the share price. It is half of what it was when we last spoke to them in Oct 2019. This has likely been caused by uncertainty over Madagascar as a mining jurisdiction, given ongoing discussions with the government over terms on the Royalty and taxes. The financing is not yet in place for new flagship asset, Toliara, and the current short mine life for current mineral sands producing asset, Kwale are alsoCastens is a straight talker, and he thinks he has a clear path towards getting Toliara in to production and driving up the largely institutionally-held stock. The one thing there is clear uncertainty on is the timeline. Company Page: https://baseresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.com Join Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Chris Taylor, CEO of Great Bear Resources (TSX-V: GBR)We spoke to Taylor a year ago, when his shares were at a lowly $3 (sic), and now they are in the high $14. As we said at the time it was one of our favourite stories, and nothing has changed, even at these dizzy heights, investors can still make money. Their model was interesting to us as it was unconventional, back then. They had no desire to put out a Maiden Resource. They still don't. The banks didn't get it. The banks also didn't get it when they set up a Royalty programme for the benefit of the shareholders.With the market cap at c.C$700M and the shares on issue at c.50M, the bank now get it. And shareholders continue to enjoy the benefits of this unconventional strategy.Company page: https://www.greatbearresources.caMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Patrick Downey, President & CEO of Orezone Gold Corp. (TSX-V:ORE)You might think a single-asset gold mining company in West Africa would have a pretty unpalatable risk profile. However, Orezone Gold has developed extremely nicely since we last spoke to the company in July 2019.The company is shovel ready and the numbers look great. The AISC is $672/oz, and the organic growth phased model means Orezone Gold can finance construction and production out of cash flow and debt.Will the market finally reward Orezone Gold once the Bomboré mine in Burkina Faso is up and running? Once that's up and running, and fully developed, Downey will be looking at M&A options as he looks to reward shareholders with accelerated growth. A smart gold story. Company Page: https://www.orezone.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A weekly catch up with Brandon Munro, Uranium Market Commentator and CEO of Bannerman Resources (ASX:BMN).Brandon Munro is back and he's ready to share the latest and best insights into the uranium space with our Crux Investor viewers.First, we take a look at the impact COVID-19 has had on Kazakh uranium production. We all now the pounds are down and won't be made up, but is the virus going to extend the 3 months shutdown?Namibia is a country that has classified mining as an essential service, so the uranium sector there can continue at close to fully-optimised production.We then talk about how well Australia has dealt with the COVID-19 crisis and the positive impact this had had on BHP's Olympic Dam: it's still open as usual.After taking a look at Paladin Energy's fall from grace off the ASX300 and what this could spell out for all Australian uranium juniors, we talk about the need for consolidation in the uranium space. With projects, capital and expertise spread thinly, uranium companies need to band together if they hope to prosper or even survive come the turn of the uranium market.What did you make of Brandon Munro this week? Comment below and we will respond.Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Jamie Keech, Co-Founder of "deal-flow service," 'Resource Insider.'As a mining engineer, investor and writer, Keech has some excellent advice for retail investors. Money is pouring into the junior mining space right now, and while it's an exciting time, investors need to be cautious. They need to know what they don't know, be aware of poorly structured companies and seek out undervalued stock with reliable, well-aligned leadership at the helm.This is easier said than done right now, but Keech gives a great insight into what retail investors CAN control and how this can positively affect their investment strategies. Company Page: https://resource-insider.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comJoin Our Crux Club: https://www.crux-club.com/For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Milan Jerkovic, Exec. Chairman of Blackham Resources/Wiluna Mining (ASX:BLK)Jerkovic inherited a gold mining mess 10-months ago. The company got itself into some financial strife, and Jerkovic got into the hot seat. Blackham Resources had previously spent A$200M, and the two previous owners had also spent A$200M. So Jerkovic has a lot infrastructure and data to work with, and it owns a portfolio of gold assets, in addition to an inflated balance sheet. Now, Jerkovic is on the comeback trail.Blackham Resources is a Western Australian gold producer. The company is currently churning out 60,000oz gold pa, but with ambitions to ramp this up to 300,000oz pa. The real battle here is the resource itself. Jerkovic needs to figure out the right balance between high-grade sulphide and low-grade oxide.Jerkovic's strategy for Blackham Resources falls into 5 steps:1.) Solidify the balance sheet. 2.) Increase operational cashflow.3.) Transform the business into a gold concentrate operation.4.) Expand existing production.5.) Exploration. Exploration. Exploration.Company Page: https://blackhamresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with market commentator and gold expert, EB Tucker. Also Non-Exec at Metalla Royalty (MTA)Should investors be avoiding equities right now? Should they be funnelling their money into physical gold instead? That's what Doug Casey's former newsletter writer EB Tucker thinks. In this interview, we role play and he tries to persuade me to buy physical gold.We explore the intricacies of the gold market, against a backdrop of global economic turmoil. What do investors need to know about gold, why should investors buy gold, why should investors buy gold now, and how can investors buy gold? Tucker answer all of these questions and more. Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Fernando Ganoza, CEO of Atico Mining Corp. (TSX-V:ATY)Atico Mining is a copper-gold developer and producer with two assets: one in Colombia, one in Ecuador. Both are VMS. The producing asset in Colombia, El Roble, is churning out c. 900tpd, but it only has a 4-year life-of-mine. However, Ganoza thinks copper-gold exploration can enhance this significantly.It's an organic growth copper-gold business model; Ganoza intends to drill out his two resources, financing everything via cash flow from El Roble and avoiding investor dilution. M&A could also change the game for the copper-gold producer.Ganoza has earned his stripes from the immensely successful and Ganoza-family-operated Fortuna Silver. However, investors aren't current altogether excited about the copper-gold value proposition at Atico Mining. Why, and how will he change this? Company Page: http://aticomining.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Michael Hodgson, CEO of Serabi Gold (LSE:SRB, TSX:SBI)We last touched base with Hodgson in May. This time around, he's here to discuss the outlook for 2020. Like most gold producers, Serabi Gold is likely to miss is guidance for 2020, but not by as much as investors would expect. The company has mitigated the impacts of the market reset and COVID-19 effectively.Sprott is out of the picture, and now the company is debt-free and cashed-up, it can proceed forward with exciting gold exploration at Sao Chico, in addition to creating operational optimisations at Palito and Coringa. This gold producer has been consistently on the up, but now Hodgson has put his foot to the floor, and Serabi Gold appears to be accelerating into top gear. Company page: https://www.serabigold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Merlin Marr-Johnson, Director of copper-gold porphyry explorer, Salazar Resources (TSX-V:SRL)We catch up with Marr-Johnson to discuss the latest developments in the Ecuadorian mining space, in addition to the copper-gold porphyry exploits of Salazar Resources. It's time for copper-gold investors to pay attention to Ecuador. The recent joint announcement between their JV partner Adventus Mining, suggests that things are going well. Marr-Johnson gives us an update and points to the future with some confidence. Company page: https://www.salazarresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A conversation with Dustin Garrow, uranium market commentator. Garrow is an expert on all things uranium. Still heavily involved in advising uranium company Boards, he has been in the Uranium space for +40-years and worked in all aspects of it. He draws parallels in the inner workings of how successful companies are built, and how they fail. It was a pleasure to hear his thoughts on the latest technical and commercial events within the uranium space. The uranium market is finally looking up, and uranium mining companies are gearing up to make important moves. Uranium speculators need to keep their eyes peeled because things are starting to heat up in the uranium sector. Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Howard Klein, Founder & Partner of RK Equity Advisors, Writer of Lithium-ion Bull and Host of Lithium-ion Rocks!Klein's article: https://cruxinvestor.com/opinions/lithium-a-noble-investment-pursuit/Lithium is a small, nuanced, complex space, but could EV penetration really be 25% by 2030? That would drive lithium demand through the roof, which would be a welcome relief for frustrated lithium investors who have seen their investments struggle in recent years.Howard Kelin is a lithium consultant to a number of lithium companies. He joins us to talk all things lithium. He's very bullish and has a variety of metrics behind his optimism. We talk through the politics of lithium, the market numbers, the health of the lithium space, and the outlook for the future. We also touch on the technical side of the lithium space. Company Page: https://www.libull.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with John Dorward, President & CEO of Roxgold (TSX:ROXG)Roxgold (founded in 1983), is a Canadian-based gold producer with gold assets in West Africa. The two core projects are the Yaramoko Mine Complex, a high-grade gold project in Burkina Faso, the Séguéla Gold Project in Côte d'Ivoire. A PEA released for Séguéla last year threw up some exceptional numbers; gold investors and generalists alike have been paying even more attention to Roxgold stock.The aim is to start constructing the company's second gold mine, this time at Séguéla, by the start of 2021. This will double Roxgold's production and revenue. Thereafter, the focus will turn to M&A as Dorward looks to line up a third gold mine after Séguéla. Company Page: https://www.roxgold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Marshall Koval, President & CEO of Lumina Gold Corp. (TSX-V:LUM)Updated PEA here: https://luminagold.com/projects/cangrejos-project/pea-summary "The largest gold deposit in Ecuador," and the 37th largest gold deposit in the world! But does that mean growth for gold investors?Lumina Gold released an updated PEA last week. The resource is large, and the economics are good. Why isn't the market reacting? Is it because of the reputation of Ecuador as an unfavourable mining jurisdiction? Is it the fact that Lumina Gold is a gold developer rather than a gold producer?Since Ross Beaty became the biggest shareholder in January, he's been determined to push to company forward towards a favourable exit. Lumina Gold has cash to burn as is trying to get the story out to gold investors. They want to sell at a premium, but so far the market is not acting positively to the story. That can't help. It's an interesting one. Let us know your thoughts below. Company Page: https://luminagold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Bradford Cooke, Chairman of Aztec Minerals Corp. (TSX-V:AZT)Cooke is also the CEO of Endeavour Silver Corporation. He spends around 1 hour a day focussing on Aztec Minerals. He doesn't think this is an issue because of the strong corporate/management structure he's been able to put in place. The board is populated with "serial discoverers." Aztec Minerals is a mineral explorer that went public in 2017. It is focussed on porphyry copper-gold deposits in North America. The share price shot up recently after 3 years of continual decline, and Cooke puts it down to geophysical survey results for flagship porphyry copper-gold project, Tombstone, in addition to the involvement of Simon Dyakowski, who is now marketing this copper-gold story. Company Page: http://aztecminerals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Greg McCunn, CEO of Galiano Gold (TSX/NYSE:GAU)Galiano Gold (formerly Asanko Gold) is a mid-tier gold producer with an operating gold mine in Ghana: Asanko. The mine is owned and operated in a 50:50 JV with Gold Fields Limited (JSE, NYSE: GFI). It is large scale and started producing in 2016, but a recent tactical shift has been something of a game changer. Galiano Gold has gone from focussing on building the resource as large as possible to now placing an emphasis on sustainable cash flow and incremental growth through rapid fully-funded exploration.Galiano Gold is also focused on driving their free cash flow position. Shareholders will want to see how McCunn plans to add accretive value to the Galiano Gold mix. Company Page: https://asanko.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Wayne Heili, CEO of Peninsula Energy (ASX: PEN)As usual, Heili lives up to his straight-talking reputation when asked why they chose this point to raise A$40M. A 2016 loan has been extended on many occasions but now, in light of the market conditions not reaching a critical mass, the loan is due in October 2020. Heili explains how the funds will be used. Company page: http://www.pel.net.auMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Michael Rowley, President & CEO of Group Ten Metals (TSX-V:PGE)Group Ten Metals (TSX.V: PGE / OTCQB: PGEZF) is a PGE-nickel-copper story that has frustrated investors for over a decade. The flagship, high-grade Stillwater mines in Montana, USA, are mightily impressive and are of a district-scale. However, the story is lacking a concrete strategy, and investors aren't biting just yet. This is likely fuelled by doubts regarding the management team's ability to monetise Stillwater, given the company previously failed to monetise its polymetallic assets in Canada that are now on the backburner.However, the market is turning, and Rowley believes this is the time to reconstruct Group Ten's market valuation around an exciting maiden resource at Stillwater. Company Page: https://grouptenmetals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with James Marsh, Managing Director of Andromeda Metals (ASX:ADN)Andromeda Metals used to be a copper-gold explorer in the form of Adelaide Resources. It is based in Adelaide, South Australia. The company's focus is on producing high-grade halloysite-kaolin on a global scale. Halloysite-kaolin is a small, niche space, but has important applications in medical, cosmetics, and paints industries.Andromeda Metals is cashed up but is struggling to market itself effectively. It released a PFS last week, and the share price fell. The numbers were strong, so is this a reflection of the mostly retail shareholder registry? We talk through Marsh's plans for the rest of 2020 and beyond, as he looks towards hopeful production in early 2022. Company Page: https://www.andromet.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Dan Thomas, Managing Director of Hammer Metals Ltd. (ASX:HMX)A story 6 years in the making, Hammer Metals is a copper-gold explorer with assets in Australia: the Mt Isa project, with several copper-gold deposits, and the Broznewing South Gold Project in Western Australia. Bronzewing is the priority right now after Newmont pulled out of a JV at Mt Isa and JOGMEC recently came in to plug the gap.Hammer Metals hasn't accomplished too much yet at the market appears fatigued with the lack of progress. However, Thomas thinks he has a plan to move things forward, which involves leveraging capital more effectively for better drilling and more appealing results, and looking for JV partners. Investors are more amenable to pure gold players right now, rather than copper-gold projects, so Thomas plans to use the company's capital to grow out the Bronzewing gold resource to get gold investors and generalists excited about Hammer Metals once again. Company Page: https://www.hammermetals.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A weekly catch up with Brandon Munro, Uranium market commentator and CEO of Bannerman Resources (ASX:BMN) Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Akiba Leisman, CEO of Mako Mining Corp. (TSX-V:MKO)Mako Mining is a gold explorer and developer. The flagship project is its high-grade San Albino gold project in Nueva Segovia, Nicaragua.Mako Mining was conceived via a merger of Golden Reign and Marlin Gold. Marlin Gold was an utter technical and financial disaster, but Mako Mining and Sailfish Royalty have been spun out of it. Leisman serves as the CEO for both companies.Mako Mining Corp. is working towards a revised PEA on San Albino, in addition to orchestrating gold exploration over at the Las Conchitas area. The grades are good, as is the market cap: a whopping C$263M, which for a gold company not in production yet is astonishing. Is it set up for a big fall, or should gold investors get in while they still can? The company is targeting gold production by the end of this year or early next. Company Page: https://makominingcorp.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Ashish Malik, CEO of Bee Vectoring Technologies (TSX-V:BEE)Bee Vectoring Technologies offers a unique biological solution to the world's agricultural needs. Malik intends to use commercialise bee vectoring as a means of applying natural material to crops. This material helps them fend off disease, damaging insects and increase yield. The bee vectoring could also save farmers time and huge amounts of money compared to convention applications like spraying.It's a very niche market but worthy endeavour. This major agricultural innovation will not be profitable for several years, but Malik appears confident the demand will be there to grow Bee Vectoring Technologies' share price for investors. What do you think? Company Page: http://www.beevt.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Warren Rehn, President & CEO of Golden Minerals Co. (TSX/NYSE:AUMN)Golden Minerals (formed in 2009): gold-silver exploration and development company that is based in Colorado. Golden Minerals aims to offer investors leverage to silver and gold prices.The company is multinational, with projects in Mexico, Argentina and the United States. The main focus is 3 projects: Velardeña, El Quevar, and the Rodeo Project.This is an organic growth gold story that is some time in the making, and historical shareholders might be growing a little weary. However, through moving "jigsaw pieces", Rehn feels he has created a clearer path forward. Bringing the tiny but economic Rodeo into production, an earn-in agreement with Barrick Gold, in addition to a bio-oxidation workaround at Velardeña all appear to have paved a clearer path forward for this aspiring gold producer. Company Page: https://www.goldenminerals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Jeffrey Wilson, President & CEO of Precipitate Gold Corp. (TSX-V:PRG)Precipitate Gold Corp. is a gold developer with 3 gold assets in the Dominican Republic: the parked Juan de Herrera Project, the flagship Pueblo Grande Project, and the early-stage Ponton Project.Precipitate Gold is a gold miner with a plan: take advantage of the highly-prospective and underexplored nature of Dominican geology, develop resources and sell them to a mid-tier/major gold mining company.The company has recent signed an agreement with gold giant Barrick Gold Corp. Precipitate Gold has US$2.3M of cash to conduct its drill programme alongside Barrick at Pueblo Grande, while keeping Ponton as the second priority. Juan de Herrera has some regional licencing issues for now.It's an intriguing gold mining story. Company Page: https://www.precipitategold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Jerry Xie, Executive Vice President and Corporate Secretary of China Gold International Resources Corp. (TSX: CGG, HKSE: 2099)China Gold is a Chinese gold producer with two gold assets in Tibet and Inner Mongolia. We caught up with Xie after we last interviewed him in mid-February. China Gold is hitting the ball out of the park when it comes to operational numbers, and it has not been significantly hampered by COVID-19.However, more gold and more cash has not equalled more net profit for China gold; this is a problem that Xie talks about as he seeks to rectify it.The real issue for China Gold is the share price. While everything else seems to be performing, the share price has fallen even further to just half of its value in the space of a few months. The real uncertainty factor that is stopping the market jumping in with both feet is the precarious nature of China Gold's US$500M bond that matures this July. They are rolling that over and raising money in the market. What happens if the market says no? Xie says he has a backup plan... we suspect that may be their major shareholder and backer, China National Gold, the largest gold miner in China. Company page: Company page: http://www.chinagoldintl.comMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Jon Bey, President & CEO of Standard Uranium (TSX-V:STND)Standard Uranium (TSX-V: STND) is a Canadian uranium exploration company that IPO'd on the 29th of April. Standard Uranium's primary focus is on its Davidson River flagship project within the Southwest Athabasca Uranium District. The project lies just outside the Athabasca Basin, which is renowned for uranium discoveries, but can Bey and his team deliver?The business plan is to make a promising uranium discovery, then progress it through to eventual uranium production. Bey thinks he has assembled a team that has all the skill and experience needed to become a uranium producer. Davidson River is regarded by Bey as untouched and highly-prospective.Standard Uranium is announcing that it has signed an engagement letter with Red Cloud and Eight Capital to raise C$3M of combined hard dollars and flow-through dollars. C$2M has been assigned to drilling Davidson River. The drilling should start in mid-July. This should get Standard Uranium moving and enhance the liquidity of the stock. Company Page: https://www.standarduranium.ca/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Mark Santarossa, VP Corp. Development of Aurion Resources (TSX-V:AU)Aurion Resources Ltd.: a Canadian gold prospector that has become a gold explorer. The company is listed on the TSX.The company has JVs with some major gold mining companies and has attracted the attention of gold investors, including many big institutional names. The share price has boomed as a consequence. Is it all just hype driven by the high-grade, at-surface gold held within Aurion Resource's Norwegian gold assets, or is there more to this exciting gold mining story? Company Page: https://www.aurionresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Hayden Locke, CEO of Emmerson PLC (LSE:EML)Emmerson is a potash developer based in Morocco. Emmerson's primary focus is on developing the Khemisset Potash Project in Northern Morocco. Morocco, the gateway between Europe and Africa, is a favourable jurisdiction for both mining and business.The potash market is dominated by China and is a little saturated. Does the market need another potash story right now? Buyers would argue yes as competition is good for price. The investment market is possibly less sure, but Locke explains why he thinks being a lowest quartile cost producer removes the uncertainty for them. Gold is flourishing, and plenty of other commodities have seen exciting recent events act as catalysts to spur encouraging levels of growth. The potash market itself has a modest 2-3% growth pa and the price has been stagnant.We are keen to see how the business plan progresses, with the next step being FS and finding a funding solution which minimises the dilution.However, the fundamental macro story of potash combined with the low capital intensity of Khemisset paints a very positive picture for Emmerson, especially considering most potash projects are very costly. What can Locke deliver in 2020 to add further value to a share price that has been soaring recently?What did you make of Hayden Locke? Company Page: https://www.emmersonplc.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A weekly catch up with Brandon Munro, Uranium market commentator and CEO of Bannerman Resources (ASX:BMN) on the world of Uranium. Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Sam Spring, President & CEO of Kincora Copper (TSX-V:KCC)Kincora Copper: a copper-gold exploration company that is listed on the TSX-V. Kincora Resources has assets in both Mongolia and Australia. A typical exploration story, or something more?Founded in 1983, Kincora Resources consolidated a district-scale land package in Mongolia at the start of the last decade. However, disappointing drill results led the company to segue towards new Australian porphyry assets along the prestigious Lachlan Fold Belt.What is the plan for 2020? It will be delivered by a truly excellent team who are experts in copper and gold, especially within this particular district, but what can Spring do to add value for shareholders. An intriguing, encouraging copper-gold story. Company Page: https://www.kincoracopper.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Peter Grosskopf, CEO of Sprott Inc.Investing insights and a warning. The global economy is not OK and at some point the cracks can't be plastered over. How do retail investors protect themselves? What should they be doing as cash goes negative?We talk about digitising gold and the practicalities. Plus what is his call on physical gold price. What no screamingly alarmist headline! Sorry no. Grosskopf does not need headline grabbing statements to get noticed. He has carefully brought process and data to the way Sprott functions and is now at the helm of the 'last man standing' in the natural resources space. So when it comes to gold price, we're listening to this guy and ignoring the sensationalists. Company Page: https://www.sprott.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Gary Thompson, President & CEO of Brixton Metals (TSX-V:BBB)Brixton Metals is a gold-silver explorer/developer that is 10 years in the making. The focus is on advancing its wholly-owned projects in the Golden Triangle of British Colombia. The two flagship projects are the Thorn Copper-Gold-Silver Project and the Hog Heaven Silver-Gold-Copper Project, acquired from Pan American Silver in 2017. Drill results are due for the latter project this week.There's some good stuff on display here for this gold player, but this story is lacking in a lot of specifics to give a sense of true confidence. Company Page: http://brixtonmetals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Colin Locke, Exec. Chairman of Krakatoa Resources (ASX:KTA)Combining gold, copper, and rare earths is certainly an interesting concoction.Krakatoa Resources: a copper-gold and rare earths exploration company that is focussing on fresh copper-gold porphyry discoveries in the Lachlan Fold Belt of New South Wales, Australia. The two core projects? The Turon Gold Project and the Belgravia Porphyry Project.The company is on the doorstep of Australia's largest gold mine: Cadia, owned by Newcrest Mining Limited (ASX: NCM). However, does this gold explorer have anything else going for itself that would inspire investor confidence? Gold investors will need to decide for themselves. Company Page: https://ktaresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Blaine Monaghan, CEO of Fremont Gold (TSX-V:FRE)Fremont Gold: a gold company that is based in Nevada. Fremont Gold is targeting fresh gold discoveries in the 'world's best' mining region.The central focus is on advancing the Griffon gold project, which last produced in 1999. The management team looks impressive on paper. What is the next step for this gold developer? Company Page: https://www.fremontgold.net/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Eldur Olafsson, CEO of AEX Gold (TSX-V:AEX)AEX Gold Inc. is a gold mining company with Greenland its sole focus. The company targets high-grade gold at its flagship Kaluna Gold Mine: 18g/t!The key milestones for this gold explorer/developer is to finalise a possible PEA/FS, continue developing the Kaluna Gold Mine and arrange the financial side of the gold mine construction.How will this play out? Are gold investors likely to be interested in the opportunity posed by AEX Gold? Company Page: https://www.aexgold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Ken Bicknell, President & CEO of AdTrack MediaSomething a bit different for you today: not mining or natural resources. It's outdoor digital media! AdTrack Media has proprietary hardware and software "digital out-of-home media solution," that they install in the tunnel between stations for tubes, metros and subways. The hardware allows 'captive audience' consumers to watch video content. This opportunity allows AdTrack Media to have direct concession relationships with global subway systems. The company is a private advertising sales company.Installing advertisements is "real estate that subway systems have not monetised in the past," and this opportunity applies internationally. AdTrack Media installs hardware on the tunnel wall between station. When the train is moving through the tunnel, it is full of individuals who are receptive to the entertainment advertising can provide. AdTrack Media's content is 100% advertising. The hardware is connected to a VPN, and all of the ads around the world are loaded from the company's network operating centre in Canada. Everything installed in the tunnel is designed and manufactured by AdTrack Media. The company has a unique technology that displays what looks like an 84 inch TV screen for less than 1% of what is perceived to be viewing area by the passenger riding in the tunnel. The company installs multiple devices through the tunnel, and this creates a full-motion video as passengers travel from image to image, so the people in the first carriage and the people in the last carriage all travel past it and get a full 10-second advertisement. All along the tunnel are stirps containing LED lights that are controlled from Canada. It's incredibly smart and makes a lot of sense.What rules and regulations stand in AdTrack Media's way? Bicknell claims the subway advertising business is very mature. Within the transit authority environment, subway networks are pitched the new idea of in-tunnel advertising by AdTrack Media and are convinced to run an RFP or other process to enter into a concession agreement with them. For example, one of the most recent contracts in Europe was agreed within 6-months, so the lead-time is clearly not problematic. The business model is to build a global footprint, to get the local, national and international media buying advertisements. Bicknell is keen to avoid entering third-party agreements in the future, other than non-exclusive arrangements with third party brokers and sales reps. This is THE business model for the primary markets. For secondary markets, with political risk or smaller markets, the company will licence the technology and enter a third-party agreement with another party to accelerated the growth of AdTrack Media's global footprint.Do advertising Outdoor Advertising Companies see AdTrack Media as a threat, or do they want to work with them. Bicknell says it is a combination of both. He acknowledges it is difficult for a company to enter the market and compete with some of the goliath media companies. However, he claims that AdTrack Media has broken the code by creating unique technology, which enables the company to go to subways/metros directly and take the tunnel portion of their media concessions. Smart.Phase 1 has been completed: refining the hardware, installing it into various international geographies, and ensuring it works safely. What can investors expect for phase 2? Bicknell claims they have updated all the circuitry of the technology and has licenced off and installed in a huge number of places internationally. Aside from this, there are a number of metros also in the development pipeline. AdTrack Media is now at the point it is confident in its business model and is ready to push on with 140 system installations into the marketplace in the next 4-years. This will create a company that generates around US$55M of revenue annually. He expects to be a likely target for M&A.What did you make of Ken Bicknell? Company Page: ht
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A Conversation with Brandon Munro, Uranium market commentator and CEO of Bannerman Resources (ASX:BMN)Our weekly romp through the world of uranium with Brandon Munro, reveals that even in a relatively quiet week, there is much to discuss. Two potential large stories.1. AOC says she is open, as is Joe Biden, to looking at nuclear as part of the solution for America's energy. This calms unsettled nerves within utilities as the US elections loom at the end of this year. It gives clues about budgets and eases investment decisions, although we doubt any investment decisions will be made until after the election. 2. Is America trying to build and American Rare Earths Hub? Some big clues this week as Energy Fuels engages Constantine Karayannopoulos and Brock O'Kelley, two rare earth element industry experts who each have decades of experience producing commercially viable rare earth products, to aid in the development and implementation of commercial and technical REE strategies for the new US REE program. Karayannopoulous built and sold MolyCorp for c. $1.3BN, and currently runs Neo, one the world's largest downstream rare earths businesses. Something big is happening here.We also discuss the parallels between uranium and rare earths. The geopolitics and global weaponising of access is becoming exacerbated. Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Industry Commentator Mark Selby, CEO of Canada Nickel Company (TSX-V:CNC)Following on from our recent interview to discuss his blossoming nickel exploration and development company, Selby is back to discuss the state of the nickel market.First up, what is Selby's take on the global metals markets? Has the market bottomed out? He thinks in China the market has reached the bottom, based on various metrics. The latest data in China for copper, the largest metal by market volume, has seen the premium of the price in China at 18-month+ highs. Selby likes to use copper concentrate terms as a reference point for the wider market, because at these "inflexion points,". If the Chinese decide that the copper price is low and try to obtain as much as possible in any form: cathodes, concentrates, scrap etc. They just want copper on the way at today's price. Copper concentrate terms are currently at "multi-year lows." Time to get excited? Is this a sign to make metals investors feel bullish? There are significant Year-On-Year (YoY)increases in imports for a "bunch of materials."What strategy will the Chinese government adopt? Play catch up with production or carry on as usual? Selby states that, based on several metrics, the Chinese government is trying to drive metal production via infrastructure and construction spending. 6-weeks ago, cables producers that feed this supply chain have been up over 100% of capacity. Anecdotally, he says that excavator sales are up 60% Year-On-Year. There is clearly a "big shove" happening to get the Chinese economy going again.This is great for copper, but what about metals with different supply dynamics. He states that while speculation on a several hundred thousand tonnes of copper might be possible, it won't happen for bulk metals. Iron ore imports have been "rocketing" into China, and iron ore prices are at "very, very, very solid levels." The fact we are witnessing this sort of market behaviour in copper, bulk metals and in other economic indicators, this helps confirm that we are back on the way up. For nickel, Selby claims stainless prices are up year over year. Stainless steel inventories have come down a little bit, but they still have quite some way to go. In terms of a specific positive indicator for nickel, we are observing the price discount between nickel pig iron produced in China and nickel has closed a lot. On the supply side, all of the mines in the Philippines have been shut down, which has massively hampered nickel supply. We are seeing ore imports on the ground hitting multi-year lows in China.Investors are now coming into the nickel space as evidenced by Canada Nickel's rising share price. Selby is hoping to capitalise on this with a U.S. listing for Canada Nickel: this is something that is definitely on the cards in the not-so-distant future. Company Page: https://canadanickel.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Sam Ataya, President & CEO of Western Magnesium Corp. (TSX-V:WMG)A green, scaleable solution to the magnesium conundrum?Western Magnesium is a TSX-listed aiming to drive the American magnesium manufacturing industry, The company is focussed on becoming a global-scale, low-cost producer of eco-friendly and high-quality magnesium metal. Western Magnesium views magnesium as a strategic commodity. Let's explore the business model.The aim is to bring magnesium production back into the United States, specifically for big industries: automotive, aerospace, military, environmental etc. the company has spent the last 9 years developing new technology for the production of magnesium metal that focussed on green technology: the plant will be closed to 0 waste and zero toxicity. The company is currently constructing its pilot plant; from the data and analytics at this plant, the company will build its large commercialised plant. Western Magnesium hopes to be fully-operational by 2026/27, producing magnesium metal.Why is the company focussed on the United States? What was the opportunity the company spotted 9 years ago? Ataya states the answer lies in fundamentally rising magnesium demand. He states that magnesium is an extremely useful lightweight metal: 75% lighter than steel, 65% lighter than titanium, 35% lighter than aluminium. The environmental regulatory committees were moving towards stricter environmental practices, and it became obvious that more lightweight material would be in demand. In addition, in 1995, the Chinese decimated the U.S. magnesium industry by selling magnesium into the country. By 1997, 6000 casting companies had closed their doors, and this killed the industry, both in terms of development and funding. This sounds similar to the narrative we're hearing for uranium. cobalt and rare earths; can 'strategic' commodities make investors money?ESG credentials have become more of a priority for investors and consumers who are assessing supply chains. Western Magnesium claims to be at "zero emissions." Just how green is the company? Ataya claims he doesn't use the same old batch processing techniques as other producers and claims his continuous processing technique stands above the rest.Western Magnesium currently has enough money in the bank to give the company a "good runway" into its pilot plant buildout: 12-months at the current burn rate. He doesn't state an exact figure. Thus far, the money that has been raised is internal. The company is now ready to have conversations with institutional financiers because the buildout will take more money than the company has in the bank. Ataya states it is a case of knowing when to take money. He plans to negotiate calmly.The company has started the design process for the pilot plant and has brought some engineering firms onboard. Western Magnesium is hoping the pilot plant will be up and running before the end of 2020, or by Q1/21 at the latest. The pilot plant is all about data and analytics for big consumers. Western Magnesium will receive their feedback and tailor the commercial plant accordingly. The pilot plant will have a CAPEX of US$10M, and the commercial plant will have a CAPEX of US$300-400M as a rollout.What does the shareholder registry look like? Ataya claims to have a very diverse share register, with strong trading volumes despite COVID-19. For a speculative company, Ataya claims Western Magnesium has held its own via constant communication with shareholders. Insiders hold less than 3%. Ataya claims to not be "one of the biggest shareholders," but claims to be a "good shareholder." No specifics.Moving forward, Western Magnesium is focussing on choosing a plant site for the commercialised reactor while focussing on the pilot plant. Company Page: https://westmagcorp.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.
Interview with Terry Lynch, Co-Founder of Save Canadian MiningWe've had several companies mention naked shorting on our show in the last few months, and all of them believe they are suffering as a consequence of it. They are also at odds with the Canadian government's approach to either ignore it, or refuse to accept it is happening. Canadian mining stalwart, Eric Sprott, has also complained about the predatory practice. Rick Rule disagrees though! SaveCanadianMining.com is a movement to return market rules to the standards it held prior to the change in 2012.In 2012, IIROC and CSA removed a trading rule known as the “tick test.” This restricted short selling to neutral or sales to positive price changes at the time of the sale.Moreover, these changes were applied to the main listing venue of TSX-V Exchange and are equally applied across all 14 Canadian trading venues, reducing the TSX-V's ability to effect any change.Since the removal of the tick test, Save Canadian Mining claims that the Canadian markets have evolved: there now exists a dynamic where short selling activities, high-frequency trading, and algorithms are exploiting the lack of a tick test to the detriment of Canada’s junior markets. Save Canadian Mining is calling on the CSA and IIROC to evaluate re-instituting the tick test. Lynch attributes this as a very big component behind why many junior mining companies have struggled to get funded in recent times. He states it would be a "hell of a lot easier to raise money in junior mining if the tick test existed."Lynch claims that it's going to be an uphill battle against the big banks and lobbyists, but he claims all that he can do is "guerilla stuff." He's compiling a group of notable supporters like Eric Sprott and conducting events to bring exposure to the problem. He thinks this problem is benefiting offshore holding companies who don't pay taxes in Canada and this will help his cause.Who needs to be punished for frontrunning and naked shorting? In the US, it is illegal. In Canada, Lynch argues it isn't 'technically' illegal. In Canada, you have 2-days to sell your stock. However, there is a +10-day exemption, creating a provision for clerical error. He claims if the Canadian government applied the rules, the problems would resolve themselves but they aren't. Stockbrokers are supposed to buy you in if you don't deliver your stock, so you have to foot the bill no matter what happens. Therefore, how is he hoping to capture the attention of the government? There are a number of huge names in the world of junior mining who are signed up, and Save Canadian Mining is trying to continue growing the cause by reaching out to other junior mining companies. Each company has put in around C$50,000 to help further the cause. He is aiming to raise around C$200,000 as a group, which will keep the group advocating until the end of the year. He wants to get Ontario on side, and he feels optimistic about this. If Ontario comes on side, Canada "will change." The primary argument appears to be regarding job security and the growth of junior mining companies in Canada.Is there an argument for leaving things as they are? The primary argument is to "prevent fraud," but Lynch labels this PR piece as "complete bullsh*t!" He states the current Canadian government is pro-mining, despite having the most rigid environmental policies in the world. Company Page: https://savecanadianmining.com/ Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Nick Appleyard, President & CEO of TriStar Gold (TSX-V:TSG)TriStar Gold Inc is a gold exploration and development company listed on TSX-V. The company's 100% owned flagship project is the Castelo de Sonhos gold project, is located in Pará state, Brazil. The Company recently completed a US$8 million finance with Royal Gold Inc. TriStar Gold will use the proceeds to advance Castelo de Sonhos to completion of a feasibility study in 2020. The aim is to get into production as soon as possible; this is what Royal Gold wants too. Typically, the TriStar Gold model has been for someone else to discover the project, then the TriStar team can come in and develop it to production.There is a PEA for Castelo de Sonhos, completed in November 2018. What are the headline stats at US$1,250/oz gold?- AISC: US$687/oz (wow)- CAPEX: US$184M- Average Annual Production: 130,000oz gold- IRR: 43% (post-tax)- NPV 5% - US$264M (post-tax)These are fantastic figures and this is just for "one corner of the project." The only real issue appears to be the short mine life: 8 years. However, this is only for one part of the project. What is Appleyard doing to extend longevity? The plan appears to be very smart. Appleyard aims to monetise the PEA-segment of the project as quickly as possible by getting it into production. Once the cash is flowing, he plans to raise separate capital to finance the rest of the project. He thinks the project will involve naturally in a reasonable timeframe. While Appleyard has heard some stories that might lead investors to worry about how institutional investors perceive RC drilling, he claims he is not concerned at all. He states he has had no pushback and that the results will speak for themselves.Appleyard is current working on metallurgical work and other technical measurements as he works towards a PFS. This was originally intended to be completed this year, but COVID-19 has pushed it back a little. The second focus is on exploration upside, so when the PFS is delivered, the exploration component can be added on as a bonus to sweeten the deal for investors. Smart.TriStar Gold currently has around US$5M in the bank.Appleyard states that TriStar Gold is fully aware that Brazil is notoriously slow at issuing permits. He states that the company is currently on track: things are moving forward well, if not quickly. COVID-19 has been disruptive and TriStar Gold is operating a skeleton crew in the field.What are the deliverables for TriStar Gold. For phase 1, the PFS, the aim is simply to replicate the PEA: c. 1.1Moz gold production. All the numbers will stay the same. What is the exit strategy? Before the PFS, TriStar gold wants to know a clear plan of who will bring the mine into production and how it will happen. While Appleyard states that TrioStar gold could bring it into production, there will be more able teams out there who are better equipped with a stronger skill set. He states the company will have its eyes open for opportunities that would be beneficial for shareholders over the next year. The PFS is aimed for Q2/21.Appleyard thinks that the market has undervalued TriStar Gold. Insiders and associates hold 27% of TriStar Gold. How much skin the game does the management have? Appleyard states that management and directors probably hold around 12%. He holds just under 2M shares, all of which he bought. US Global is the biggest shareholder with c.18%, Gold 2000 (in Zurich) has c.7%, RBC Toronto holds 5%. Company Page: https://tristargold.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Pierre Léveillé, President & CEO of Deep-South Resources (TSX-V:DSM)Deep-South Resource is a copper exploration company based in Namibia. The company is largely held by management and Namibian shareholders (24%) and by strategic partner, Teck Resources (23%). Deep-South is 'actively involved in the acquisition, exploration and development of major mineral properties in Africa.' The Deep-South growth strategy appears to be a focus on exploration and development of mineralised trends that are closer to infrastructure. Deep-South Resources claims to be 'committed to advancing its projects while operating in an environmentally responsible manner.'Deep-South Resources holds 100% ownership of the Haib Copper deposit south Namibia (acquired in 2004). It is 'arguably' the oldest porphyry deposit in the world and one of the largest in Africa. Let's delve into this.Deep-South Resources is down to its last C$200,000. The company needs around C$7M. What is the plan? In terms of track record, Léveillé is a stockbroker/investment banker by trade, but he has been involved in raising mineral exploration capital before. He has spent a lot of time in Namibia so knows the country well. The remainder of the team has vast mining and geological experience in Africa. What is the sort of company that Léveillé is building? He paints a favourable picture for the copper macro story. He claims copper supply is dwindling and demand is soon to grow.The aim is to carry out some in-field drilling on the higher-grade zone of the deposit. Is Deep-South starting to get any traction in the market? Are investors interested in a low-grade bulk-tonnage copper operation? Léveillé claims the recent metallurgical test gave exciting results and the announcement of an announced PEA was creating positive share price movement before COVID-19. He claims there is interest from Europe in terms of potential financing, but these individuals are mostly on the sidelines at this moment in time.Léveillé himself as personally invested C$200,000 before the company was listed. The total management investment before the company was listed looks like C$700,000.What's the strategy going forward? It's to continue developing the high-grade zone at Haib while not forgetting about the potential of the scale of the copper deposit. As copper prices rise, Deep-South is hoping its path to capital becoming much clearer.Deep-South Resources closed a private placement in April, raising c. C$600,000, and has already burnt through two-thirds of that. Deep-South has a low burn rate, but needs to go back to the market to raise at least C$2M to work on updating the PEA. Company Page: https://www.deepsouthresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Gianni Kovacevic, CEO of CopperBank Resources Corp. (CSE:CBK)CopperBank is a copper optionality player. What's that mean? They are not miners. If copper price goes up, they expect buyers for their assets to acquire them. Simple plan.It was founded in 2014 by a group of entrepreneurs, geologists and engineers. The business model is to consolidate high-potential, established copper properties and offer investors 'maximum optionality' to higher copper prices in the future.CopperBank's 100% controlled projects act as the asset base in its 'low-overhead' “pounds in the ground” strategy. CopperBank controls 2 advanced projects, located in the United States: Contact Copper, at the Pre-Feasibility Study (PFS) stage in Elko County, Nevada, and Copper Creek located in Pinal County, Arizona. CopperBank states it would cost more than US$120M to replicate the work already done at these projects.CopperBank aims to strategically advance each of its projects via 'accretive exploration' and development, or JVs. Let's dig a little deeper. Does the market understand the strategy? The share price has been on a sharp downward trajectory. Why? Kovacevic claims that when he launched the strategy, the company put together C$1.6M at C$0.10 per share. "At the last minute," the people who were buying the projects wanted a warrant. The warrant price was set "way out of the money" a C$0.50. The next, CopperBank issued shares, and the next day it went to C$0.03. He claims the company bought back c. 70% of the shares issued it issued after it traded sideways for 16-months. Kovacevic claims he acquired his first 15M shares from the open market. He went on the road for over a year telling the CopperBank story with an "explosive upside," and the share price started tracking up. He claims there have been several periods since where, in 2-weeks, CopperBank's share price doubles. This appears to be a case of a confused market and a lack of effective, consistent storytelling. It's clearly frustrating for Kovacevic who is heavily invested along with his team. He needs to find a way to articulate the value proposition more clearly if this is possible.What types of deals are being considered for monetising Copper Creek? US$85M has been spent in it, and it was taken through to PEA level by the previous owners in 2013. CopperBank is looking for a partner to come in and move things forward. The company treats it like a real estate holding and admits it is not qualified to build a copper mine. With a market cap like CopperBank's, any company coming in for a JV will likely feel like it is on the front foot. However, Kovacevic believes he can find maximum value on a per-share basis. The best possible exit strategy is clearly to be taken over, but Kovacenic and his team will always be on the lookout to do something new and progressive in the copper space.CopperBank has negligible overheads. How? Kovacevic claims he doesn't pay a single dollar in compensation to his technical group. They are all aligned with the shareholder. Kovacevic doesn't even pay rent, he just pays a few thousand dollars of property tax, and there is no company office in Vancouver. Kovacevic appears to have tight control of the pursestrings.Kovacevic claims the copper asset will have a significantly higher price in the future than it has today because it has lots of historical data and development. He believes it is a 10-bagger (did investors' ears just prick up?). He claims that the optionality on an NPV basis, once the copper price rises above US$3, for every additional C$0.25 the copper price goes higher, the NPV of the portfolio goes up by C$300M. These are exciting numbers. Company page: https://www.copperbankcorp.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/
Interview with William Sheriff, Exec. Chairman of enCore Energy Corp. (TSX-V:EU)enCore Energy Corp. (TSX-V: EU) (OTCQB: ENCUF) is a uranium developer and explorer. They have a portfolio of ISR and conventional uranium assets in the United States.enCore Energy's management team is impressive and features an array of uranium experts with a track record of building value within the domestic uranium sector. The enCore team was instrumental in advancing Energy Metals Corp. to compile the 'largest domestic uranium base in US. history.' The company was built for US$1.7M and sold 30-months later of an astonishing US$1.8Bn to Uranium One during the last major uranium bull market. He got out of uranium after Fukushima in 2011, but got back in the saddle pretty quickly. However Sheriff that the market was not going to recover for upto 10-years and told his shareholders that they were not going to waste their money until the uranium market recovered.enCore Energy holds a 100% interest, with no holding costs, on +115,000 acres of private mineral rights in New Mexico. The primary focusses are the Crownpoint and Hosta Butte uranium deposits. Both are large and a portion of these resources are under NRC license. In addition, enCore Energy holds the Marquez and Treeline projects in New Mexico as well as a number of other properties in Utah, Arizona and Wyoming along with a strong position in the 'high-grade' Northern Arizona Strip district. On paper, this all looks promising. But let's dig into the business model a little deeper.Sheriff adopts a contrarian view of the uranium space. He has currently put very little effort into marketing and he doesn't value it in a down market! He claims that the company has had offers for dilutive financing. Shareholders right now appear content for Sheriff to batten down the hatches and wait for the market to turn. Is it any surprise with his track record? In terms of raising funds, and given the market cap, Sheriff is seeking solutions that shy away from stock issuance.Sheriff appears to be a pragmatic man who doesn't overpromise, which makes this next statement all the more encouraging. He is confident that enCore Energy could be up to half as successful as the Energy Metals Corp. venture. He thinks most shareholders will be more than happy with a US$500M market cap.What is the crux of the business model? Sweat the current assets, or drive growth through M&A? Cash flow and production is the plan, which would "separate (them) from the crowd."IMPORTANT: The strategy is to acquire a producing uranium asset to get the ball rolling (when the time and price is right) and using the cash flow to finance the development of the larger portfolio projects. The company's larger portfolio assets once they are ready 3-5 years after they get the go-ahead.The most important existing portfolio projects are the high-grade breccia pipes in Arizona and the large deposits in New Mexico. Company Page: https://www.encoreenergycorp.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Peter Dasler, President & CEO of CanAlaska Uranium Ltd. (TSX-V:CVV)CanAlaska Uranium is a uranium-focussed explorer in and around the Athabasca Basin. The company also has a nickel project that it has farmed out. With C$1.5M, CanAlaska has been doing what most uranium juniors have been for the last few years: hunkering down and waiting for the market to turn. Dasler also regards CanAlaska as a project generator: what does this mean?Dasler explains that CanAlaska has 3 uranium strategic partners: Cameco, Denison and, Northern Uranium. The company owns 500,000 acres of land across 12 projects. The most significant recent event is the discovery of high-grade uranium at the West McArthur property, in addition to the nickel JV and potential fundraising effort to drill West McArthur.A project generator and explorer? Dasler claims he and his team have been explorers for the last 40-years. In 2004, when the team took a look at the uranium market for the first time, the team acquired some uranium projects in the basin. CanAlaska was rapidly approached by other groups to share the projects, which created the project generation description of the company. The focus has always been on finding a new uranium zone akin to McArthur River or Cigar Lake. With 2.5M acres of land, this was sufficient to bring in strategic partners from Korea, subsidies by the Korean government. Mitsubishi Corporation also funded exploration on CanAlaska's properties.CanAlaska Uranium only has a market cap of c. C$9M, but is sat on a huge land package. Should it be worth more, especially with the kinds of partners that are involved? Dasler believes the company is significantly undervalued and the true value will be revealed when the nuclear fuel industry starts buying more uranium: "it is early days, now is a good time to get in." The company has struggled since 2016. Dasler states the key to adding value will be finding more investors in the resource industry. He claims crypto and marijuana returns in the last few years have been much larger than what natural resources can offer, but this is now changing.CanAlaska is currently sat on C$1.5M cash and has cut back a number of costs, like most uranium juniors. How can Dasler shake up the kinds of deals CanAlaska is negotiating? Investors won't want to see more of the same. Investors will want to see bigger positions in JVs, more cash upfront and more authority across the board. Dasler states he is reaching more people than he has reached in the last 5 years because of recent promising developments in the uranium space. Will these new conversations change things? Dasler states he doesn't need to change the model "at all." He states a rising uranium market will solve CanAlaska's problems. He says COVID-19 has made the uranium waiting games a hot potato, and he thinks the utility companies will blink first, "once you get this thing rolling, it will move VERY quickly."Dasler believes the capital will be made available to CanAlaska for exploration because the company is in a similar position to where uranium-giant NexGen was 7-years ago. Are these comparisons valid? CanAlaska has been around longer than NexGen but Dasler states the uranium mineralization ("halos of uranium" and "long intercepts") and size of the project are highly comparable. Investors will want to see CanAlaska prove the nature of this "tier-1 type" uranium target. Dasler claims it looks like McArthur River or Cigar Lake and will be hit in the first planned drill programmes this summer; there are only currently a dozen holes in the structure. Company Page: http://www.canalaska.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Mark Selby, CEO of Nickel Explorer, Canada Nickel Corp. (TSX-V:CNC)The newest nickel story on the block, with a trebled share price since we last spoke with them around the time of their IPO. Highly impressive. EV/battery metals investors, take note.Mark Selby is a renowned mind in the nickel space; his experience at Inco and the helm of RNC has given him plenty of experience with large nickel projects: in particular, the Dumont Nickel-Cobalt project. Can he develop the Crawford Nickel-VMS Project in a faster, more capital-efficient fashion? The aim is to complete a PEA/scoping study (C$4M) by the end of 2020, with an FS (C$20-30M) following a year later. This is an accelerated monetisation event for nickel investors.Canada Nickel just announced some encouraging drill results with an exciting PGM upside: 2.6g/t. Canada Nickel has managed to create the 11th largest nickel sulphide resource globally in just 6-months for just C$4M, and it is little surprise the market has cottoned on to this value proposition. Selby believes we are on the verge of the start of a new nickel supercycle at the start of this new decade, and he believes having one of the world's few large nickel projects outside of Indonesia will stand Canada Nickel in good stead. The CAPEX is a whopping US$1B+, but he claims the sheer scale of Crawford will be enough to attract a major to take it out, despite it not having the "sexy high grades." In order to hit the upcycle, Selby wants to move fast. Canada Nickel has its skates on and it doesn't appear anything is going to stand in its way.Canada Nickel recently completed a private placement of c. C$4.5M. The original aim was to raise C$2.5M, and now with the share price tripled, Selby feels this has shown the confidence of investors in the EV narrative, even if COVID-19 has distracted. It's incredibly impressive that Canada Nickel's share price is up 5X on its February IPO in a COVID-19 market scenario.What sets Canada Nickel apart from the swathe of other nickel juniors?A.) This is a new nickel sulfide discovery: something of a rarity right now.B.) The potential scale of Crawford: big enough to attract a major, and Selby claims Canada Nickel has only just scratched the surface.C.) The team's experience demonstrated at Dumont has given investors confidence, taking something from resource to fully-permitted project.Selby reveals that from the first two step-out holes from its latest drilling operations have more than doubled the strike length already registered. Exciting. Perhaps most importantly, the first assays from the first drill hole were the highest grade nickel intersection in the main nickel dunite area: 55m at 0.42% nickel, with 0.2g/t palladium+platinum. What will capture the excitement of investors is the prospect of filling the mill with as much high-grade ore as possible, and Selby is clear reticent of this. The third highlight is that Canada Nickel has hit a PGM zone 100m outside of its main nickel resource, and the company has managed to hit it consistently, across several hundred metres down to 500m depth. It has been hit in 2 different spots a whopping 1.2km apart from each other. It is clear that Crawford is shaping up to be a really exciting nickel/PGM project.What has the impact of COVID-19 been like for Canada Nickel, and what will it continue to be? In Ontario, mining was deemed an essential service, so there has been minimal disruption for the company. The assays have slowed down a little, but other than that, Canada Nickel has mitigated the impacts well and has kept employees safe.Selby will put out another resource update in July, then another in October, in addition to a whole series of drilling/mineralogy results. these will be the key derisking events. We have no doubt Selby will continue to hit his deliverables. This could be exciting news for nickel investors. Company Page: https://canadanickel.com/Make smarter investment decisions, subscribe here: https://www.cruxinvest
Interview with Bradley Rourke, President & CEO of Scottie Resources Corp. (TSX-V:SCOT)Scottie Resources Corp. is an exploration stage company engaged in the acquisition, exploration and evaluation of gold and silver properties located in the “Golden Triangle” area of British Columbia, Canada. Sprott is involved, having invested C$2M. A second placement for another C$2M was announced today, which should allow the company to deliver on its drill programme for 2020.The project is the past-producing Scottie Gold Mine. Scottie produced from 1981-1984, producing 0.5oz/t. What is the game plan for Scottie Resources going into Rourke's fifth year? In 2015, a powerline was built going right through the property. Rourke's focus, up until the last year, has been consolidating a difficult property. He now thinks he has completed this consolidation. In 2019, ideas were implemented for the first time in a small drill programme. This revealed 3 unique zones of "extraordinary" mineralisation. Going into 2020, Scottie Resources Corp. is a "pure exploration company." A lot of surface work has been conducted.Rourke himself is a businessman and serial entrepreneur who has always worked in mining. He has plenty of experience in the mining service sector in BC and claims to have orchestrated the second-largest IPO in the history of Canada. Impressive. However, this is Rourke's first mining deal that he has had total control of. He now claims to be fully immersed in the world of junior mining.Rourke claims to have mostly self-funded the project for the first few years. Rourke says he has C$800,000+ net investment in the company. He claims he pays his geologist more than he pays himself right now. He had a strong technical team from Equity Exploration carry out the modelling and technical work based on historical data, but in 2018, one of the consultants, Thomas Mumford, who worked on the re-logging programme, became the VP Exploration of the company.The intention is to show a pathway to a multi-million-ounce deposit in 2020. Scottie Gold has a permit and a mill, but it's clear Rourke isn't too keen on heading into production. He has a district-scale piece of property that he thinks has exciting geology. Will it be an exciting takeout target? Rourke thinks so.The C$2M raise will be used for carrying out the drilling programme in 2020, but what makes Scottie Resources stand out from the swathe of gold explorers out there? This year, Scottie Resources will do 5000m of drilling. 2/3 of that drilling will follow up on zones already hit last year. A third of the drilling be on the domino zone, where surface work has shown a possible connection to the Scottie Gold Mine.Lastly, looking at the tailings situation, Rourke claims there is a large quantity of recoverable tailings that aren't currently his liability, but that he could claim, in a nearby lake. He has conducted 2 seasons of work: over 100 samples, all the way to the bottom with a volume estimate and independent benchmarks. Rourke is not in the tailings business but he'd "love to clear it up." He isn't interested in liabilities, but he has submitted applications and is working towards it. He believes the average grade is 2.2g/t and is 6g/t at the very bottom of the pile. He believes 80% is recoverable, and that there is a volume of c. 160,000t to recover. He has already been speaking to buyers in Taiwan. Company Page: https://scottieresources.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Kiril Mugerman, President & CEO of Geomega Resources (TSX-V:GMA)Geomega Resources: 'leaders in rare earths recycling.' Is recovering rare earths from magnets a niche in the rare earths space? Mugerman claims that magnets provide the most easily available and highest grade concentrate available. He wants to demonstrate to the world that his recycling model is viable.Geomega Resources is based in Quebec and has just completed a pilot plant. Now, the focus is on building a demonstration plant. Geomega was originally an exploration and development company but segued to rare earths recycling after struggling to raise capital to develop their large Montviel Deposit. Mugerman is candid: unfavourable market conditions would have sunk Geomega Resources if he hadn't pivoted, just as it has been the ruin of so many juniors before him.The plan was to kick start with cash flow to capture the interest of investors, and Mugerman immediately latched onto this. He investigated a variety of possible ventures, but settled on magnet recycling as the most profitable.Geomega Resources claims to have proprietary rare earths recycling technology that is more green than the currently most popular process. He claims his company used totally different reagents than the hydrochloric acid used in China. He doesn't want to be involved in such pollution. 70% iron has to be dumped into tailings as a consequence of the hydrochloric leaching process. Geomega Resources' proprietary process does not destroy the reagent, so the company is able to reuse 95% of it for further recycling. It has been designed in such a way that absolutely no tailings are created. Smart. Mugerman hopes the demonstration plant will show this process can be effective on a commercial scale. It will be running 8 hours a day and processing 1.5t magnet scrap per day.Geomega Resources is fully financed "based on the model presented and developed in the last 6 months." The demonstration plant is c. C$2.7M. Geomega Resources has raised C$1.72M in debt, C$1.2M in equity, and c. C$1M in different grants. Mugerman does not have the figure sat in front of him right now, but claims he has enough for all G&A activities until the plant is built. The facility will be 14,000 square feet in total. The plant may eventually go to 24 hours per day.Geomega Resources has signed agreements with some partners, but nobody guarantees anything in the recycling industry. Several of Geomega's partners have given positive indications, but it will be interesting to see how these develop once things are up and running. It doesn't appear Mugerman is in control of the front end cost of the battery recycling process, because there will be other parties bidding for the material. Does he have access to individuals who can guarantee Geomewga feedstock at a set price so he can control his margins? He claims he is always working on it. Will this be problematic to investors?Geomega's targets are $10M in sales at a 20% margin. This would provide a proof of concept ahead of Geomega's step to full commercialisation.In terms of a timeline for production, what is Mugerman looking at? There is no fixed date on when the first shovel goes in the ground at the demo plant, but the building is already built with a long-term lease, and he expects to get things started this year. He wants to deliver the construction as soon as possible and expects to be producing oxides by the end of this year if all things go well. As soon as possible, he'd like to triple the size of the plant to prove the commercial viability of Geomega's proprietary process. Company Page: https://ressourcesgeomega.ca/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CR
Interview with Doug Ramshaw, President of Minera Alamos Inc. (TSX-V:MAI)Minera Alamos is a gold development company that is aiming to become a gold producer in 2020.The company has a portfolio of Mexican gold assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora currently under construction (expected first gold production in Q1 2021). Minera Alamos' other project, the 100%-owned La Fortuna open pit gold project in Durango, appears to have a 'robust' PEA and is nearing the end of the permitting process. A construction decision on La Fortuna could be made in late 2020 or early 2021. Minera Alamos' team have together brought 3 mines into production over the last 12-years. The aim is to get Santana into production quickly, then finance La Fortuna out of cash flow. Ramshaw claims that Mexico as a jurisdiction and the nature of the projects will Minera Alamos to maintain a very low CAPEX across its 2 projects. Clever. Let's unpack this further...What are the numbers saying? Since bringing Santana and La Fortuna together in 2018, the company has raised some capital: C$5M at the start of 2019, a C$6 equity raise plus a royalty package at the end of 2019, and another raise in 2020. The total is around C$11M in equity over the last 15 months, plus the royalty package with Osisko Gold Royalties. This has allowed Ramshaw to avoid any warrants and options. Minera Alamos has c. C$14M cash right now, and is fully-funded to bring Santana through to production. The aim is to construct a 25,000-35,000oz gold mining operation for a CAPEX of C$10M. In year one, as Minera Alamos ramps up, the company will be looking at the "low-US$900/oz" region for AISC. Ramshaw expects the AISC to fall to the low $800s, or even the low $700s as the project is ramped up to 45,000-50,000oz per year. Very impressive economics. Santana should have a life-of-mine that stands at 6 to 7-years initially, but brownfields exploration upside could add to that. Ramshaw has no issue starting off work on a "modest asset," provided there is an eventual window towards a 1Moz - 1.5Moz resource.Ramshaw has recently been selling bus shares ar Prime Mining because he has a clear message to the market: Santana and La Fortuna are the focus. Los Reyes had too many expenses attached to it.What about La Fortuna? It's a higher-grade operation but is a similar kind of breccia pipe. Minera Alamos came out with a PEA in 2018 stating a 5-year mine life on a starter pit. It was based around a 3.5 to 4g open-pit with a 6:1 strip ratio. Roughly 50% of the gold is recovered by gravity, but the other 50% requires a milling operation, which is clearly different to Santana. Minera Alamos already owns a 2,000t per day mill. The PEA called for a 1,100t per day throughput, so this mill is very helpful. With the mill in place, the company is looking at a higher CAPEX than for Santana: US$26M, but it is sub-1-year payback at US$1,250/oz gold, and Minera Alamos can then look at exploration upside.Minera Alamos is "without a doubt" looking at M&A and is constantly looking for new acquisitions. The company calls itself an "asset number: 3" company, and Ramshaw is keen to solid this statement rather than it being purely aspirational.How much skin in the game does management have? Ramshaw says he has put his money where his mouth is, buying 3.3M shares out of the market in the last 1.5 years, which is 3.5 to 4 years of his salary into the stock. The rest of the management team appears to have done similar. Ramshaw is paid roughly US$120,000 per year, which is very reasonable. Company Page: https://www.mineraalamos.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
A Conversation with Brandon Munro, CEO of Bannerman Resources (ASX:BMN)Kazakhstan is easing emergency restrictions in some towns but what does that mean for the resumption of production of uranium at KazAtomProm. Munro explains. Also we discuss what pressure KazAtomProm may be under and from where? Plus how is Russia coping. The US Govt is trying to get their seat back at the uranium table, after years of neglect. Will SMR technology be their saviour, and if so how long will it take. This week saw a bug announcement with regard to their ongoing Advanced Reactor Demonstration Programme. Big numbers being thrown around. Bigger the US Dept of Energy has indicated. And what are the Chinese and Russian SMR technologies capable of. We talk about use cases and applications on land, and on sea.Cameco has restarted their Port Hope facility, which was expected by most, but some selling in the market means that perhaps not everyone was pleased with the news.And final a sober statement by the European Atomic group, EurAtom warns of lack of trans[port hubs to accept nuclear shipments, lack of investment in conversion facilities and a permanent reduction of uranium and withdrawal from uranium exploration. And commented on that utilities must diversify supply and continue to maintain appropriate 3-years of strategic inventory levels. We discuss what they mean.Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Darin Labrenz, President & CEO of Pure Gold Mining (TSX-V:PGM)'32 weeks to Production. (We'll pour gold before Christmas.)'An intriguing gold mining story. Pure Gold Mining is a Canadian gold development company that is hoping to get into production by the end of 2020. There has been a radical rise in Pure Gold Mining's share price since we last spoke to them as the market appreciates the company's path towards production. So what is the next phase of growth?What is the asset and what are the headlines stats? The company released a feasibility study on the PureGold Red Lake Mine, Ontario in February 2019, outlining a 12-year, high-grade underground mining operation with a production rate of 800tpd per day. A construction decision was made in August 2019.The economics around the project are outstanding. The project is fully-funded as far as its CAPEX. The AISC is a remarkably low US$787/oz. The average grade is an extremely high 9g/t. This makes the PureGold Red Lake Mine the highest-grade development stage gold deposit in Canada today. It will also place the project in the top 8 percentile globally when it enters production: 17th in the world. The NPV (5%) stands at US$390M with a 51% IRR and $1.9Bn revenue. What makes these figures all the more impressive is that they have been calculated based on a gold price of US$1,500/oz, rather than today's price of more than US$1,700/oz.The Resource looks exceptional, and the team is experienced with good commercial and technical experience. As a company founded by Oxygen Capital, the company has a "tier-1 team" in a "tier-1 mining jurisdiction." Several members of the team have worked on gold juniors before, which is always useful. What shareholders will want to understand is the next phase of growth after the PureGold Mine enters production.The first phase is the production phase, as Pure Gold Mining tries to lead the Red Lake camp to become 'Canada’s next large-scale, iconic gold producer.' What is the next phase? Labrenz is very confident on a technical front and doesn't forsee any issues, citing the orebody as consistent and de-risked. The body has also been proven to "persist at depth." Labrenz is coy on consolidating Pure Gold's land position, but he states the company is always looking for new ground to acquire. Pure Gold Mining has strong organic growth aspirations within its property but will continue to look outside the property for promising opportunities in the shape of land assets. He has no desire for Pure Gold Mining to be a single asset company; it is simply a case of timing.Pure Gold Mining has listed in London; does Labrenz regret it? He states he doesn't regret it one bit. It has helped relevant the international profile of the company, and while it will take time to continue to spread awareness, this was an important first step. He is trying to drive stock liquidity and he claims this is evolving as the company grows closer to production, with some strong institutional ownership coming in over the last few years. He expects this to continue to evolve as the company targets the GDXJ.Has COVID-19 had a negative impact on proceedings? Labrenz states that mining is an essential service in Ontario, even exploration. Thus far, there have been no impacts at the site, and there are "ZERO" new COVID-19 cases in all of north-western Ontario where Pure Gold Mining is based. It is a relatively straightforward area to build a mine.Exciting moments for 2020 will be drilling the high-grade (20-30g/t) "8 Zone." It forms part of the company's mine plan and it is easily accessible. The company is substantially ahead of schedule, and the company will have more areas opened up to mine in addition to the startup being substantially de-risked. Company page: http://puregoldmining.ca/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinve
Interview with Alex Holmes, CEO of Plateau Energy Metals (TSX-V:PLU)Plateau Energy Metals is a TSX-listed company with two assets in Peru, one lithium (Falchani), one uranium (Macusani): both difficult commodities in recent years. The company has been operating in Peru for c.15 years. The first economic study was released on Fakchani in February, and the last economic study on Macusani was released in 2016; it has been on care and maintenance since.Uranium: what is Holmes opinion on the recent movements in the market? He appears positive. The Macusani uranium project had been placed on the backburner because of market sentiment, but this has shifted recently. Holmes would like to see some long-term contracts before considering this as more than a short-term pandemic move. Is this possible? The other thing Plateau Energy Metals has been waiting for is the regulations from the government for export and transport. In March, at PDAC, it was announced that the ministry of mines would have them done by the end of 2020. Holmes claims this makes the company look more robust.The Macusani uranium project is large, with M&I resources of 52.9Mlbs U3O8 and inferred resources of 72.1Mlbs U3O8. However, there is quite a lot of work to do on the property before it is ready to produce. Is anyone interested in funding this? Holmes claims the main issue at the moment is the dispute with the Peruvian government over late payments on mining concessions. The two pieces that indicate the Peruvian government will support the project moving forward are the desire to put regulations in place, and the illogical nature of breaking up and fragmenting portions of Plateau's uranium deposits. He states Peru has a stable currency and investors are comfortable with the mining jurisdiction. Because the Macusani Project is north of the 100Mlbs 'threshold,' it is appealing from a mine-life production profile perspective and stacks up well against other projects when it comes to low capital intensity and low operating costs. He hopes to improve the economics on the project in the near future. The life-of-mine is 10 years, the CAPEX is C$300M, churning out 6Mlbs of U3O8 per annum, at an AISC of C$18/lbs. It is a 40% IRR after tax, and this is only 70Mlbs of the 125Mlbs in resource.Holmes thinks there is a path to an FS and an environmental study in 18-months at a cost of US$20M, though he thinks Plateau Energy Metas will be able to attract strategic partners before this point. The biggest bit of work that still needs to be done is in-field drilling. Plateau Energy Metals is will be sat on c. US$2.4M upon the closing of the company's second tranche of its recent financing. He will spend US$100,000 before making the decision whether or not to take the uranium project through to a PFS. He expects to bring in the strategic partner before approaching the FS.The lithium space is utterly saturated. What is the strategy to monetise this asset? Holmes states that his company can't control the pace of EV adoption or the pace of gigafactories being constructed. However, what Plateau Energy Metals can control is being extremely careful with capital until the market begins to open up in 2H/20. The lithium space is certainly a challenge right now, and with the economic setback, there is a major concern as to whether this could put a spanner in the works of the EV revolution: will consumers be able to afford new cars? It's only a 2M market anyway compared to 100M for conventional vehicles.The recent raise was conducted under the guise of preserving both assets and keeping them in good standing while cutting costs at the corporate level. The MOU for the SOP is the "first step" of what could be a longer-term relationship. Holmes is hoping this evolves into an offtake agreement. Company page: https://plateauenergymetals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Face
Interview with David Cates, President and CEO of Denison Mines (TSX: DML)We catch up with Denison Mines CEO, David Cates. So what has changed since we last spoke to him in February. Well a lot. The spot price of uranium is up about 80% to around $34/lbs; the market crashed and partially recovered and COVID-19 has dramatically reduced the world's production of uranium, with closures to most of the main production facilities. So what does it mean for Denison. We happen to like their chosen business model of small CAPEX, early to production on their Phoenix asset. Their long pole in the tent is permitting. Can they get permitted for their ISR project. ISR is commonly used across the globe, but has not yet been used in Canada. First Nations will be concerned and need convincing. There have been long lead times associated with permitting in Canada, decades.If they can get an indication that this project will get permitted and when, then this part of their business plan has very attractive economics. An all in cost of less than $10/lbs make it work leading. Helped entirely by the high-grade.Let us know what you think of Denison and Cates. Do you think they will get permitted? Company page: https://www.denisonmines.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Paul Huet, CEO of gold producer, RNC Minerals (TSX: RNX)Hot on the heal's of the announcement about the acquisition of Spargos and the proposed name change to Karora Resources.RNC Minerals has agreed to pay $9M (30% $2.7M immediately, the remaining 70% paid over 30-months $1.26M every 6-months). The Morgan Stanley royalty elimination is a highly accretive transaction. The 2% + 1.75% NSR buyback effectively lowers the mining cut-off grade. The Morgan Stanley royalty covers ~2/3rd of the 1.22Moz historic M&I Resource (18,790 kt @ 2.0 g/t) and 0.68Moz historic Inferred Resource (10,634 kt @ 2.0 g/t) at HGO as well as large portions of our exploration targets. This is a significant move. And the resulting contribution to the bottom-line will be felt for years. We calculate it to be in the tens of million of dollars.In addition this week RNC Minerals is proposing a share consolidation. 11:1. We discuss why and why not sooner.And welcome to new addition, Roger Huet.... Company page: http://www.rncminerals.comMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Paul Cronin, CEO of Adriatic Metals (ASX:ADT)We talk today about their proposed acquisition of Tethyan Resource Corp. However, for a full rundown of Adriatic Metals business plan, watch this interview with Cronin in April https://youtu.be/RJykJpDYEdY Adriatic Metals is a UK based polymetallic exploration and development company, and owner of the Vareš Mining Concession in Bosnia and Herzegovina. We spoke with Cronin back in April. Now, just two days ago, the company announced the proposed takeover of Serbian company, Tethyan Resource Corp. (TSX-V: TETH). It could be done by August.Cronin is confident the deal will go ahead, subject to shareholder approval, because there is a lot of value in it for Tethyan Resource Corp. 38% of Tethyan shareholders have agreed to hold Adriatic Stock for 6-months. This is "major support."Why make the deal at all? Hasn't Cronin already got enough on his plate in Bosnia and Herzegovina? Cronin claims that assets like what Tethyan has put together become available very rarely. He thinks the portfolio has "a lot of potential for growth." Cronin's target has always been to position Adriatic Metals as a Balkan regional player. It appears this acquisition has allowed Adriatic to move towards its bigger ambitions, and while it spells dilution for shareholders, Cronin is confident his company will more than make up for it.How will Cronin now accelerate the growth of Adriatic Metals? Will he be able to optimise Tethyan operations? He states there will be some rationalisation of costs, but he intends to keep most of the core team. The largest shareholder is Augusta Corp. Cronin has looked at what Tethyan has accomplished so far. Is he happy to continue down the same route, because the market doesn't appear to have been that happy: Tethyan's share price has fallen by two-thirds in just a year. Cronin doesn't think this is a case of Tethyan not appealing to the market, he claims it is a case of the market misunderstanding the value proposition. The vision for the combined company remains of creating a strong, regional player. CEO Fabian Baker has been integral to this and he's coming along for the ride.COVID-19 has caused a 16-17% reduction in drill metres, but he claims that the virus has allowed them to optimise their workforce, tracking around A$2M under budget. The total budget to absorb Tethyan is A$4M.Does this now position Adriatic Metals attractive as a takeover target? Cronin states that Adriatic Metals does not regard itself as a takeover target. The "total" business approach is a producer with a specific focus on the Balkans. It's obvious that Cronin would never say never, but his absolute focus is on bringing Adriatic Metals into production. He expects more and more opportunities to present themselves as the company spends more time in the region.The company previously had enough capital to carry it through to a BFS on its own project. Adriatic Metals is currently sat on sufficient cash to conduct all its own operations: 20,000m drilling in Bosnia, plus the initial 3,000m confirmation drilling in Serbia, and is also receiving some "chunky VAT refunds." He claims the company will only need to raise capital if it intends to conduct additional exploration. Company page: https://www.adriaticmetals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Jim Paterson, CEO of ValOre Metals (TSX-V:VO)LINK TO PREVIOUS INTERVIEW: https://youtu.be/xBOhGy5l_M8 ValOre Metals is a Canadian exploration company with a PGE + gold asset in North-Eastern Brazil, Pedra Branca, and projects in Canada. Pedra Blanca has a 43-101 and now the funding is all in place for the first drill programme of 3,000m. It is part of the Discovery Group of companies, including Great Bear, Fireweed Zinc, and Bluestone. Paterson states that the companies within the group are "on fire."Following on from our interview 3 weeks ago, we wanted to hear the latest news from ValOre. As soon as it is safe, phase one of the drill program will begin at Pedra Blanca, and this is because of a US$1.2M drawdown credit facility that was finalised in the last few weeks. ValOre Metals is now ready to roll.What is the plan for deploying capital? Drilling, obviously, but also assaying and a few other tasks on the property. The focusses in phase 1 and 2 are resource expansion, target advancement, and greenfield discovery drilling. There will be a mix of each in both programmes, which will appeal to different kinds of investors. COVID-19 restrictions are currently all that is holding the company back, but Paterson doesn't think the company will be too delayed. Paterson believes it would be safe to move rigs in right now because the area surrounding the Pedra Branca gold + PGE project doesn't have too many issues. ValOre is currently planning to get back to work in June. The money should last for 3-4 months of drilling. Between now and then, Paterson will be hard at work seeking out additional investors. He won't need to raise any more than C$3M, including the existing credit facility.What about the latest discovery group announcement? Bluestone has just closed a C$92M bought deal financing, which Paterson regards as "phenomenal." Great Bear has just announced a C$20M bought deal that has been upsized to at least C$33M. The Discovery Group is raising lots of capital right now and the management teams are "knocking it out of the park." Investors are fully behind them. Behind the scene at the Discovery Group, the companies are communicating a lot and are trying to take advantage of this marketplace. Paterson is particularly excited about what Bluestone could accomplish with this money.What did you make of Jim Paterson and ValOre Resources? Are you a fan of the Discovery Group of companies? What do you want to see from Paterson and ValOre in 2020? Comment below: we respond to everyone. Company page: http://valoremetals.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Joseph Hamilton, CEO of Unigold Inc. (TSX-V:UGD)Unigold is a Canadian gold junior, focussed on exploring & developing its gold projects in the Dominican Republic, a country it claims is highly prospective for gold and polymetallic mineralization.Unigold has been conducting exploration in the Dominican Republic for around 18-years. The current focus is concentrated within the 75km-wide Cretaceous-age Tireo-formation volcano-sedimentary rocks, known for hosting major deposits. Sprott's investment in October 2019's public financing seems to have brought a new lease of life to this story. Old shareholders have lost a lot. New shareholders appear to be getting some solid value. Let's dive into this.18-years in the making, Unigold has spent over C$43M, most of it on 125,000m of drilling, and most of it on one deposit: Candelones, which has a NI 43-101 2Moz gold inferred Resource. He says that the resource is at surface and has easy metallurgy to recover. Unigold would like to start production with 30,000-50,000oz gold per year for 3-4 years for the oxide component of the deposit. This is far from a large operation, but Hamilton claims it is a starter operation that will be highly economic: a 95% recovery in 24-hours at a 1g/t "dump-leach." The plan is to conduct a PEA and PFS in the near future before making a FID. Can Unigold attract relevant funding?Unigold current has around C$250,000. A public financing is cleary on the cards because the cash reserves won't last long, though Hamilton claims the institutional base of shareholders will continue to support them. Sprott owns 20% of the company, but is this just option money for him? He states raising money has never really been an issue for Unigold, but why is the company choosing to cut it to the wire? Does this make the company's negotiating position weaker? Hamilton states that Unigold Inc. needs c. C$2.5M to complete economic studies. Most of the in-field drilling has been done, it's a case of "going through the desktop studies" and doing the engineering. Then there will be environmental work and community relations issues to solve.How is the Dominican Republic as a mining jurisdiction? How is the mining code? He claims the mining ministry has been quite supportive. Exploration concessions are granted for a 3-year period, and there are 2 automatic 1-year renewals. At the end of the 5-years, a company has to reapply for the concession, though the existing concession holder is given preference. Then, there is an exploitation permit for 75-years, which needs to be supported by an economic study. Unigold has held the concession for over 20-years and this is their 4th renewal. He claims it is hassle-free and doesn't cost anything.C$43M Spent, but only a C$14M Market Cap? There's lots of work to do. Hamilton is confident that putting some studies will shore up the operation, give investors confidence and help push the company forwards to a phase of growth.Hamilton has been through 3 different management teams; why will it be any different this time around? He claims this time things will be different because he is taking total charge, and market conditions are more favourable. Why should investors opt for Unigold Inc. over other gold juniors with far better track records? Hamilton claims Unigold Inc. is miles ahead of most gold juniors, having done all the groundwork. The company has identified a resource and it is expanding and open. The capital costs will become transparent this year. Hamilton puts the company's past failings down to a sliding gold price. Is Unigold at a turning point? Will it have an economic operational mine in the next 5-years? Will the institutional shareholders follow their money?What did you make of Hamilton? Would you opt for Unigold over other gold juniors? Comment below: we respond to everyone. Company Page: http://www.unigoldinc.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment i
Interview with Stephen Stewart, CEO of Orefinders Resources (CVE:ORX)Orefinders Resources (founded in 2013) is a gold developer with gold assets in Canada’s Abitibi, including its 100% owned McGarry, Knight and Mirado Projects. The company has c. US$2M cash and this should see them through a drill programme, with developing 2 of the 4 assets the focus for now. Sprott is involved, picking up around US$1M of shares in the recent private placement. The investor PPT says: 'Orefinders is not your traditional gold junior.' Orefinders Resources claims to have a unique 'value-based approach' that investors shouldn't ignore. What are the two key strategies?'1. When the market presents an opportunity to acquire assets for less than their fair value, we look to acquire.2. When the market pays fair value for assets and rewards exploration results, then we will pivot, return to the drill bit and focus on developing our existing assets.'Buy when the gold market is down, pivot towards exploration when the market is up: investing rather than acquiring. 'Acquisition capital is best deployed in a bear market,' exploration capital is best raised in a bull market.' It looks a sensible strategy. Is it it really that different to most gold juniors we interview though? Let's unpack this.Orefinders Resources is a contrarian gold developer that is looking to buck the trend of drill, drill, drill. Stewart came aboard in 2015 when the company had a share price of C$0.005 with just C$200,000 in the bank. He hit the reset button and resurrected the company, moving away from the traditional simplistic mining model the company had previously adopted. It was a tough environment for gold at the time, but the idea was to buy quality assets in the ground and create a 'hub and spoke model.' Not just any old ounces: quality ounces that were strategic to the master plan.What sort of specific criteria get employed? Potential assets must have access to infrastructure and is preferably on a road within a 20km-30km radius, and must have had sufficient work already done on them. This is how Stewart has attempted to build value for Orefinders shareholders. Several of Orefinders acquisitions were undervalued because they were problematic, some involving litigation (Stewart wanting to get rid of the board and management of a company), but by eventually solving these issues, Stewart has successfully picked up them at a discounted price.What will Orefinders next move be with just US$2M in the bank? The focus will be drilling on the Knight project, 70km to the west of the company's other properties, with 3 styles of mineralisation to focus on. If it wasn't for COVID-19, Orefinders may well be on the ground right now. The second drill programme will be on the McGarry project. Both these drill programmes will be completed in 2020. Why these two assets? Knight is the one that got investors most excited. The mineralogy looks promising. US$500,000 should get Orefinders 4,000m of drilling in 60 to 90-days, to add to the 30,000m of drill core from previous owners. This will go into the projects 43-101 (it's the only project owned by Orefinders without a 43-101). The projects sits on top of a 4Moz asset owned by Pan American Silver (who is in the process of selling it), which should see investment for the first time in years. He thinks this makes Orefinders an attractive proposition because the two projects belong together. The chess move on McGarry is similar: McGarry is close to one of the most historically profitable mines in Canada. The geology is all similar. Stewart is attempting to connect the dots. Orefinders also owns the tailings facility.The next potential raise doesn't appear to be on the cards anytime soon. Will investors be concerned that Orefinders will be running its capital too low? Stewart is on C$10,000 pm and owns c. 5M shares (all paid for). Company Page: http://www.orefinders.ca/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor
A Conversation with Brandon Munro, CEO of Bannerman Resources (ASX: BMN)Munro is back. What pearls of wisdom does he have to share for uranium investors this time around?It's been a week of calm, contemplation and reflection in the uranium space. Uranium investors have been able to take a breath after an extremely eventful period. Munro states he has a range of supply curtailments, with Kazatomprom announcing there will be at least at 10% disruption to 2020 uranium production, which is already operating at a significant deficit. As part of his work for Bannerman Resources, Munro has seen a slight relaxation in lockdown policies in Namibia. He is just starting to see the mines get back "into a semblance of normal production." He believes Namibian uranium mines will struggle to hit their optimal numbers for several months, and this punches another big hole in the supply side of things given that Namibia is the fourth-largest uranium producer in the world. Cameco's Cigar Lake is still down indefinitely.One thing that has happened this week is Kazatomprom making a few statements. Let's dive into them.'Kazatomprom will NOT attempt to make up the tonnage from COVID-19 production cuts once they return to full operation.'This cements the uranium production volume decreasing by up to 4,000 tU. This is meaningful because is turns Kazatomprom's supply deficit from a worry to a definitive concern for utility companies. These pounds aren't coming back into the market. Sorry, uranium bears.'The production impact will affect each partner in different ways, which will vary over time.'Kazatomprom’s disrupted production has created uncertainty in three dimensions: absolute volume, the impact of time on volume, and the impact on each partner and the relationship this has with their commitments. The immediate example that springs to mind is Cameco VS Orano VS Uranium One. If this supply disruption stretches out longer than 3 months many companies will come under immense pressure.'The disruption is a force majeure event under their sub-soil use contracts (ie Mining Licence).' This takes away Kazatomprom's 'pinch point' when it comes to reducing its production levels below the 20% corridor detailed in its mining licence. Kazatomperom has a big strategic advantage over uranium producers who rely on Kazakh JVs rather than a portfolio of assets e.g. Inkai - Kazakhstan (40% Cameco: 60% Kazatomprom).'KAP will honour its deliver commitments and will not use this as a force majeure event.'This will support stability and will avoid utility companies getting caught short in the next 12 months. However, long-term it will allow pounds to continue to be depleted out of uranium inventories.'KAP holds sufficient inventory to meet "lost tonnage in the short term" but will, if necessary, purchase material in the market to meet deliveries.'This is the leveraged impacts of further delays, and things are going to get interesting if the delay stretches beyond the current expectation of three months.'Production might be disrupted into 2021 as "ramping up the mines will be a well-planned process over several months."'Connect the dots, uranium bulls. The picture should be becoming very clear now.'Exploration and development work will be delayed for some time.'Kazatomprom has been underinvesting in exploration for a while now. This just further paints the picture of uranium supply falling even lower.'The carry trade is looking "increasingly obsolete."'Cameco endorsed this comment earlier last week. It's an arrow to the heart of utility companies and their purchasing habits. Producers aren't accepting this any longer.Company page: https://www.bannermanresources.com.au/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here
Interview with Paul Huet, CEO of gold producer, RNC Minerals (TSX:RNX)RNC Minerals is a great turnaround story in the gold space. CEO Huet returns to talk us through the latest updates for the stable gold producer with exploration potential.After becoming a much less nickel-focused company, now RNC Minerals could have a name change to match. RNC Minerals could become Karora Resources (TSX: KRR). This is dependent on shareholder approval, but he claims that shareholders have been keen on a name change for a long time.RNC Minerals has been suffering from some legacy issues when it comes to marketing, and this appears to have put off some of the larger funds. Huet had already wiped then strategic plate clear, but now the name change could be the final step to clearly communicate the new value proposition that RNC Minerals has to offer. RNC Minerals may be completely separated from its confused, nickel-focused heritage. This is precise, focused marketing, and Huet sees it as a long-time coming.Away from the new name, RNC Minerals has been busy working on a new acquisition: Spargos. RNC's heightened cash flow and the Morgan Stanley renegotiation have allowed RNC Minerals to look at potential M&A much more actively. Huet sets an aggressive timescale of Q4/20, but a realistic timescale of Q1/21. The company has just signed a "definitive agreement" on Spargos, and it is just c. 45km from RNC's plant. This gives the company 90 days of exclusivity. He claims that while the company still has to conduct its final due diligence, but the veins in the resource are a higher average grade than their underground Beta Hunt mine (excluding coarse gold). There are over 130,000oz in the resource that are over 4g/t. It's looking like an average 3g/t grade in an open pit. RNC Minerals is now much less reliant on Beta Hunt, and this matters for shareholders. Huet thinks Spargos could have a transformative impact on RNC Minerals' economics. The proximity to the mill is another game-changer. Has this opened a lot of doors for RNC Minerals? Will the optionality increase the share price? Will Higginsville operations get ramped up now?Company page: http://www.rncminerals.comMake smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
Interview with Michael Hodgson, CEO of Serabi Gold (LSE:SRB, TSX:SBI)Serabi Gold has been one of our favourite gold stories. Share price has treble since we started following them. The team has managed to create a strong, stable operation at the Palito and Sao Chico gold mines in Brazil, but with the debt financing agreement (convertible loan notes) for second acquisition, Coringa, looking to be settled, Serabi Gold can push the cross-mine AISC down towards the US$1,000/oz figure, and double production to c. 80,000oz+ per annum of gold. The Q1/20 production figures were released recently. There's an article on www.cruxinvestor.com, but why not hear from Hodgson himself?What are the highlights?- Cash position – US$14.23M at year-end- Net cash – USD$5M- AISC slightly up on 2018 – US$1,081/oz- EBITDA – US$17.2M- Average gold price received – US$1,376- Total mined ore up 8% (at an average grade of 7%)COVID-19 has negatively impacted most gold producers, but Serabi Gold has managed to successfully mitigate any potential ramifications. It has achieved this through sensible workplace safety practices, and the health & safety stats are also pleasing. Rotating the workforce has been very effective. Any junior gold miner would be chuffed with those numbers. Serabi Gold has now started allocating some money towards exploration for the first time in a while. With its strong cash flow, and with most of its debt finally being repaid, Serabi Gold has now freed up its capital for growth. This could get the market even more excited. The focus is currently on step-out drilling at the west of Sao Chico. Hodgson thinks the company is working its way towards a geophysical anomaly that the company has already been drilling at. There is a possibility the two could connect, resulting in some serious upside for Serabi Gold.What about the much-discussed ore sorter, which could have a further transformative impact on Serabi Gold's economics? Serabi Gold recently conducted a preliminary test on it. What is the feedback? Hodgson claims the thing is "absolutely singing," which will be music to gold investors' ears. He doesn't have the stats for April just yet, but in March it was upgraded to pass 2,500t at a grade of c. 3g/t, and it screened out a little over 300t at a grade of 21g/t, the rest was 2,200t at a grade of 0.7g/t. Through April, the grades at Palito (50% of feed ore) went up from the usual grade of 6.5g/t to 9g/t. Overall, combined with the non-ore-sorted Sao Chico ore, it is giving the average grade a 1g/t uplift. This might not sound like a lot, but it's a big change. He expects another healthy increase in the Palito feed grade through April, which will free up space at the production plant to use for better quality material. Smart.Will the exploration plans distract Serabi Gold from Coringa? It's certainly a nice problem to have, with organic growth in the company's "backyard." Hodgson states Coringa is still just as important. Adding ounces at a low cost gives Serabi the cash flow it needs to grow, and he is not going to forget that anytime soon. Coringa is a very advanced project that Hodgson will continue to focus on. Another focus will be on the areas surrounding Serabi Gold's producing assets because the company will eventually need to expand its processing plant somewhere. The company has been successful at chasing high-grade veins, but now Hodgson is talking the language of bulk production. However, one of the biggest problems in Brazil is power. He claims the mining infrastructure is improving in the region every day. The company is constantly assessing its cost profile, and its eventual wish is to add in some open-pit production.Hodgson acknowledges that Brazil is struggling, especially with its lack of medical infrastructure, but states he is confident Serabi will do what it can to keep producing. He states Serabi Gold might not make the guidance numbers it predicated at the pre-COVID-19 start of the year, but if the company reache