Mining Stock Education

In this MSE episode, FPX Nickel CEO Martin Turenne explains why Sumitomo Metal Mining’s 9.9% investment in FPX validates the Baptiste deposit. Martin also provides an update on FPX’s recent achievements and 2024 goals. “This strategic investment by Sumitomo Metal Mining represents another significant technical validation of FPX’s Baptiste Nickel Project and underscores our view that Baptiste is a class-leading asset,” commented Martin Turenne, FPX’s President and CEO. “SMM is one of the world’s largest nickel producers, with peer-leading expertise in mining, processing and refining products in the stainless steel and electric vehicle battery supply chains. FPX is pleased to be one of SMM’s preferred partners as they look to expand their nickel production profile and diversify their supply chain to allied partners in North America.” Eiichi Fukuda, Executive Officer and General Manager of Mineral Resources Division of SMM stated, “We expect that this investment will establish a strong relationship between SMM

“I do think lithium will do well in 2024” says Fund Manager Will Thomson in this MSE episode. Will reveals where he is seeing value in 2024 in real assets and commodities. He sees rebounds in lithium and renewables in 2024. Will Thomson is the Founder and Managing Partner of Massif Capital, LLC. He has experience in private equity and credit/political risk insurance, in addition to having served as a strategic and economic adviser to NATO/ISAF in Afghanistan. Will is a Graduate of Trinity College and holds a Masters in Government from Harvard University. Massif Capital is a long/short equity fund focused on global opportunities in liquid real assets and industrials. The team’s work experience with governments in frontier markets, operational experience with growing energy companies, and time spent managing downside risk for project finance lenders gives them a unique edge. 0:00 Introduction 0:50 Value in 2024 5:15 Equinox Gold 10:01 Kazatomprom 12:24 Futures vs Miners 15:59 Lithium 18:25 Renewables overs

Professional Trader Nick Santiago provides his 2024 outlook. He reveals the key risks and opportunities he sees in 2024 and how to trade around them. Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. Nick now co-heads the education department at InTheMoneyStocks.com and enlightens thousands of members, along with providing consulting services to hedge funds and institutions. 0:00 Introduction 0:30 What’d you get right & wrong in 2023? 4:42 Forecasting 2024 6:35 2024 less dramatic than 2023 7:51 Risks 2024 9:16 Q1 trades 10:39 Small caps 12:22 Grains 14:44 Long oil, but will go short, then long again 16:46 Managing greed and fear: patience is a trader’s friend Nick’s Twitter: https://twitter.com/NickSantiago

“Silver stocks are probably the best opportunity for 2024. Because if gold stocks are unloved, silver stocks are just hated,” says pro mining investor David Erfle in this MSE episode. He also provides his current commentary on the gold price and how he is managing his junior gold stock portfolio. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious m

Bill Powers shares ten junior resource stock investing lessons he learned in 2023 in this MSE episode. 0:00 Introduction 1:40 #1 View junior resource stocks as call options with limited time value 5:29 #2 Consider intrinsic value as much greater than time value…Don’t let big profits slip away 8:33 #3 Remember non-captured unrealized gains are not losses 10:16 #4 Choose to be a self-directed investor and not a victim 14:47 #5 Lack of information/coverage in small caps allows for dishonest bashers 18:15 #6 Do not invest unless you have a (legal) competitive advantage 23:52 #7 You’ll never out-smart Vancouver insiders, but you can outperform dumb retail 25:39 #8 Stay liquid (private deals and private placements are becoming increasingly unattractive) 28:03 #9 Be willing to change your mind 31:08 #10 Increased wealth will only amplify your existing character (for better or worse) Follow Bill on Twitter: https://twitter.com/MiningStockEdu Previous MSE episodes mentioned: Protect YOUR Profit from Small-cap De

Brian Leni of JuniorStockReview.com shares five pro tips for successful 2024 resource investing in this monologue. He also reveals three mistakes he made and two successes he achieved in 2023. Brian Leni is the founder of JuniorStockReview.com which exists to offer information, ideas, and strategies for managing speculation in the junior resource sector. Brian first discovered mining stocks about 18 years ago and was immediately intrigued. In 2014/2015, Brian anticipated that the resource sector was closing in on a bottom, and he wanted to access more capital for the expected up-cycle. So he sold his home and then invested 2/3 of the home sale proceeds into resource stocks. By August 2016, he saw his invested funds triple in value. Due to his large gains, Brian quit his professional job as an engineer and now devotes his time to researching and investing in mining stocks. 0:00 Introduction 0:40 2023 Mistake #1: Sell more in bull market frenzies 3:05 2023 Mistake #2: Better align the market cycle with c

Osino Resources is being bought out by Dundee Precious Metals for C$1.55/share explains founders Heye Daun and Alan Friedman in this MSE episode. Osino was one of the original MSE sponsors about five years ago when it was featured pre-discovery at about C$.30/share. David Erfle (Junior Miner Junky) and Bill Powers (MSE) ask Heye and Alan questions about the sale of Osino to Dundee. Specifically, Heye is asked regarding whether he sold the company for too little and whether he could have sold only the Twin Hills deposit and kept the other projects and exploration upside for current $OSI investors. Heye are Alan forthrightly share the rationale behind the transaction and why they believe it was in the best interest of shareholders. Press release discussed: https://www.miningstockeducation.com/2023/12/dundee-precious-metals-announces-acquisition-of-osino/ OsinoResources.com TSXV:OSI - OTC:OSIIF - FSE:R2R1 Sign up for our free newsletter and receive interview transcripts, stock profiles and investment i

Kevin MacLean is the best gold stock investor in the history of Canadian long-only funds. In this interview, he reveals pro junior mining stock investing insights. Kevin returns to MSE to provide his views on the current market, how he approaches jurisdictional risk, how to look at NPV to CAPEX ratios, following the flow of money and much more. Kevin MacLean is the Chief Investment Officer of Star Royalties. He has over 30 years of experience specializing in precious metals and mining investments. He was the senior portfolio manager heading the resource investment team at Sentry Investments until 2017, with peak assets under management of approximately $2-billion. Mr. MacLean received 13 Lipper awards over multiple time periods for best risk-adjusted returns in the gold mining sector and was the recipient of seven Brendan Wood International Top Gun awards for recognition of being a leading mind in the gold mining sector. Mr. MacLean is a Professional Engineer, holds a Bachelor of Applied Science (nuclear e

Professional Trader Nick Santiago believes that the recent gold bull trap means more downside before the moonshot. Nick shares his take on the markets and where he is finding the best trades. Nick shares his current take on the price action in gold, silver and miners. He reveals his best and worst trades of the past month and provides a traders perspective on some commodities. Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. Nick now co-heads the education department at InTheMoneyStocks.com and enlightens thousands of members, along with providing consulting services to hedge funds and institutions. Nick’s Twitter: https://twitter.com/NickSantiago01 Nick’s website: https://inthemoneystocks.com/ Sign up f

“Asymmetrical Set-up to be Long Energy Just Blows My Mind” says Fund Manager Chris MacIntosh. Chris is a Co-Editor of the The Insider Newsletter and Capitalist Exploits website. He is a generalist investor, who looks for asymmetric investments across the globe. At this moment, Chris is bullish energy - all types. Listen to our conversation about the various energy markets and how he is positioning himself and his fund. There is much to be gleaned about market cycles, portfolio risk management and the due diligence process. 0:00 Introduction 2:44 Following capital flows 4:38 Mining-blowing asymmetrical set-up to be long energy 10:28 Catalyst for higher prices in the energy market? 14:40 Biggest commodity investing opportunity? 20:43 Be skeptical of media narratives while paying attention to capital flows 29:36 Do exploration and development juniors have a spot in your portfolio? 34:10 Bullish Argentina 40:55 Where are interest rates headed in 2024? Chris’ website: https://capitalistexploits.at/

“Right Now is When You Can Make 5x-10x Your Money Just Catching the Cycle” says Fury Gold CEO Tim Clark. “The problem here is the market. The problem is the lack of liquidity in the junior space. But that will change. And I think my message to investors now is: I’m not asking you to go out and buy a huge chunk of $FURY. But I think you’d be prudent to buy some. Because once this market moves, because of a lack of liquidity, you’ll have a hard time getting in at a reasonable price and you’ll be sitting there doubting yourself as it is up 50% wondering if it is going to go up 100%. And if it goes up 100% you are going to be killing yourself that you did not get in.” Currently $FURY has a C$78m market cap with a $61m treasury in $DV.v shares ($53m) and cash ($8m). So unlike most gold explorers now, the company does not have financing risk. Functionally, $FURY is currently a call option on Dolly Varden Silver ($DV.v). SVP Exploration Bryan Atkinson reviews the just-released positive infill drill results from th

Should junior gold stock investors load up now or wait until tax-loss selling is over in a couple of weeks? How can investors predictably profit from the seasonality of junior mining stocks even amidst bear markets? How much credence should retail investors place in a major producer’s investment in an explorer? In this interview pro mining investor David Erfle answers these questions and more. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior

“Unless You Need the Money, Don’t Sell Junior Gold Stocks Here” says fund manager Dave Kranzler in this MSE episode. Dave is the editor of the Mining Stock Journal. He returns to the program to provide his commentary on precious metals and reveal some junior gold stock picks. Dave holds an MBA from the University of Chicago with a concentration in accounting and finance. Over the years he has worked in various analytic and trading jobs on Wall Street. For nine years of those years he traded junk bonds for a large bank. For the past 16 years, Dave has been an avid student of the precious metals markets and steadfast proponent of holding physical gold and silver in one’s portfolio. Currently, he co-manages a precious metals and mining stock investment fund in Denver. Dave’s stated goal is to help people understand and analyze what is really going on in our financial system and economy. 0:00 Introduction 0:49 Junior gold sector investor sentiment 5:35 Trigger for gold & gold stock run-up 8:12 Calibre take-

Bill Powers explains five reasons why junior mining investors fail in this MSE episode. He shares numerous insights gained by firsthand experience over the past eight years of focused investing in junior resources stocks. Learn and heed all five warnings, if you have not already. Number four frequently blindsides newbies. 0:00 Introduction 2:19 Failure Reason #1 8:12 Failure Reason #2 13:14 Failure Reason #3 18:39 Failure Reason #4 22:12 Failure Reason #5 Video mentioned at 7:13 “Discerning Mining Promoter Claims”: https://www.youtube.com/watch?v=Cd51EhQisEs Video mentioned at 8:47 “Discerning Bias”: https://www.youtube.com/watch?v=t6JZRCwVQcI Video mentioned at 19:37 “Bre-X Scam”: https://www.youtube.com/watch?v=iovp5nDy5yk Video mentioned at 19:48 “Mining Scams”: https://www.youtube.com/watch?v=uDqxhinP138 Follow Bill on Twitter: https://twitter.com/MiningStockEdu Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The conte

Professional Trader Nick Santiago believes that there is an incoming “golden goose opportunity” via an oil “super-spike” after a down-move. Nick shares his take on the markets and where he is finding the best trades. Nick shares his current take on the price action in gold and silver. He reveals his best and worst trades of the past month and provides a traders perspective on some commodities. Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. Nick now co-heads the education department at InTheMoneyStocks.com and enlightens thousands of members, along with providing consulting services to hedge funds and institutions. Nick’s Twitter: https://twitter.com/NickSantiago01 Nick’s website: https://inthemoneystock

Joe Mazumdar of Exploration Insights provides expert junior mining sector analysis of the current risks and opportunities for resource investors. Joe is co-editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company. 0:00 Introduction 0:20 How does war affect a junior resource portfolio? 3:55 Commodity prices and the war cycle 5:07 Lithium sector 7:45 Snowline Gold: too high of a market cap to buy now? 10:00 What commodities are you most bullish on now? 15:17 Would you invest in a “keep the lights on” ExploreCo financing? 17:31 Cobalt investing 18:21 Silver 20:22 Mexican mining reform 22:05 Bolivia as a mining jurisdiction 23:00 Do you sell a junior after a take-over offer? 26:30 Most impressive recent financing? Joe Ma

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

In this episode, Dr. Rob Stevens teaches investors what to consider when assessing an underground mining project. Dr. Stevens (Ph.D., P.Geo.) is a professional geologist and educator. He has trained numerous brokers, analysts, and investors in the basics of mineral exploration and mining via his training course. After teaching this course for many years, he eventually published its content in his book, Mineral Exploration and Mining Essentials. 0:00 Introduction 2:57 Mining methods 5:56 Important Considerations 12:08 Mine layout and access 15:48 Selective methods 21:00 Bulk methods 23:23 Underground mining videos 24:15 Rough operating costs 25:34 Underground mining challenges 33:15 Dr. Stevens’ resources YouTube presentation of this lecture: https://youtu.be/nCzGwOwmZac?si=1WAYBrNPfmQh8re7 To learn about Rob’s book and online training courses: https://www.miningessentials.com/ Rob’s YouTube channel: https://www.youtube.com/@mining-essentials Sign up for our free newsletter and receive interview tran

“Lithium is the New Oil” says battery metals analyst Frank Nikolic. He is the CRU Group’s VP North America, Base & Battery Metals. Frank is focused on providing thought leadership and industry guidance across the commodity spectrum. In particular, he focuses on the energy transition and how firms should respond over the next decade to navigate the challenges and maximize the strategic opportunities it creates. In this interview Frank gives his view on the metals most impacted by the energy transition, dealing with security of supply, environmental permitting hurdles and much more. 0:00 Introduction 0:40 Frank’s background 3:00 Which of energy generation, energy storage and transmission, and transportation is lacking in terms of investment? 6:30 Metals most impacted by the move to renewable energy? 8:34 Security of supply 13:00 Environmental Permitting 17:04 Nuclear Power inclusion in the decarbonization of energy 20:16 Cathode metals, which are you most bullish on? 22:00 “Lithium is the new oil” 23:08 Imp

“I’m in Junior Mining Stocks for 1,000% Gains” explains Rick Rule. Plus, in this episode, you’ll learn why Rick crushed it in 2023. As usual, he offers numerous junior mining speculating insights and tips. A good portion of the interview centers around discerning the economic studies that developers publish and what an investor might do with those documents. Rick is also bullish O&G stocks, particularly in Canada. 0:00 Introduction 0:41 Are mines found or made? 1:22 “It’s not difficult to raise money for good exploration projects.” 2:54 Does flow-through financing possibilities tend to yield lazy executives? 3:54 Should inferred resources be able to be included in PEAs? 5:17 Is “optimization” of an economic study usually done for promotion? 7:15 Can you pick apart your own Rick-Rule-ism proverbs? 8:57 When price is not indicative of value…what do you do? 12:18 Would you invest in a developer that needs ore-sorting tech to be economic? 13:17 In this cycle will developers try to build mines based only on a PEA