Mining Stock Education

“I’ve Never Seen Such a Strong Divide between Senior and Junior Gold Stocks” explains fund manager Willem Middelkoop. He also reveals his ideal portfolio allocation. Willem offers commentary on the current gold stock market and the recent changes at Rupert Resources. Furthermore, he discusses bigger macro financial issues such as CBDC’s, a Fed pivot and Chinese stimulus. Willem Middelkoop is the chairman of the Commodity Discovery Fund’s management team and is ultimately responsible for the fund’s investment policy. Willem is one of the pioneers of discovery investing and is the author of seven books on economics and financial markets. 0:00 Intro 1:14 Fed Pivot and Chinese Stimulus 2:05 Too much choice in the market? 6:20 Is money available to the junior miners? 7:35 The Big Reset - "planned reset in conjunction with chaos" 10:50 Cost of living vs. electrification of the world 14:00 CBDC 18:00 Bitcoin vs Gold 20:40 Portfolio Allocation 23:55 Rupert Resources changes 29:50 Canadian Government's block of Zijin's investment into SLS 34:04 CDF's contrarian investments 35:30 What differentiates CDF from the other funds out there? Willem’s fund: https://www.cdfund.com/ Willem’s Twitter: https://twitter.com/wmiddelkoop Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Tim Kingsley, Coppernico Metals’ Vice President of Exploration, commented, “We are very encouraged by the geological features we are intersecting. The pace at which our team is gaining geological insights through drilling has been impressive, each hole is improving our model and allowing us to have greater confidence in our interpretations of geophysical signatures. The Ccascabamba Area represents a large, very active hydrothermal system, and the extent of skarn alteration and the presence of sulphide minerals in hole 4 support our exploration thesis. This, combined with the complexity of the vein systems, indicates that we are in a highly prospective zone. As we move forward, we remain committed to deploying best practices in exploration, ensuring that we meet our environmental and social responsibilities.” CEO Ivan Bebek and VP of Exploration Tim Kingsley provide an update on the Sombrero exploration program. The company is currently on hole 6 of a 30-hole planned program. Coppernico Metals is an exploration company focused on creating value for shareholders and stakeholders through the exploration and discovery of world-class copper-gold deposits in South America. The Company’s management and technical teams have a successful track record in raising capital, discovery and monetization of exploration successes. The Company is currently focused on the Sombrero project in Peru. Coppernico Metals is listed on the TSX under the ticker “COPR”. In this interview, Ivan Bebek, President and CEO, provides an update on the company’s progress and plans. 0:00 Introduction 1:29 Tim Kingsley intro 3:16 Hole #4 “proves our thesis” 5:27 Follow the geophysics 6:04 Why a visuals-only press release? 9:51 Drilling hole 6 now into chargeability 10:21 Strategy of the current one-drill program 11:08 COPR applying for 200-hole permit 11:44 Most-frequent investor questions? 15:43 Assays time and releasing results Press Release discussed: https://coppernicometals.com/site/assets/files/6176/2024-09-09_coppernico_drill_update_and_conferences_final.pdf Sponsor: https://coppernicometals.com/ TSX:COPR Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Coppernico Metals is an MSE sponsor. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

David Erfle stated: “We’ve had the SILJ now showing relative strength to the GDXJ. GDXJ is showing relative strength to the GDX. And the miners and silver are showing relative strength to the gold price. So that is what you need to see happening; and it started to happen this week as the Fed is ready to reverse its monetary policy, which is huge.” In this MSE episode, David Erfle also provides commentary on the gold price and the broader junior mining sector. He also shared his firsthand observations from last week’s Beaver Creek Precious Metals Summit where industry investors and issuers gathered together. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day. 0:00 Introduction 0:41 Beaver Creek Precious Metals Summit observations 2:22 Legal rumors? 3:43 Time to invest in gold explorers? 4:54 Mexican open pit mining ban 9:26 Any buys or sells recently? 13:24 Silver price 15:03 “Juniors never been this cheap” 17:09 Gold juniors won’t fall with stock market David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Five Professionals Explain How Mining Investors Should Use Analyst and Technical Reports in this MSE episode. You will hear a compilation of the wisdom from selected professional investors featured on MSE dating back to 2018. Their timeless advice can help you discern truth and avoid mistakes when making your mining investment decisions. 0:00 Introduction 2:27 How to use analyst company reports (Michael Gentile) 3:54 Can you trust sell-side research reports? (Tyron Breytenbach) 7:08 Where dishonesty most frequently surfaces in official regulatory filings (Warren Irwin) 10:54 Key things to look for in a technical report (Tyron Breytenbach) 13:55 How to vet a Definitive Feasibility Study (Rick Rule) 18:29 Why you must discern bias and usefulness of the mining investment content you consume (Bill Powers) 20:59 How long does it take non-technically trained investors to gain the knowledge needed to be successful in the resource sector? (Dr. Rob Stevens) 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 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“We continue to make great progress at Opinaca. These results from our first ever gold-focused exploration program on the project have narrowed down our search for gold considerably on this 85,000ha property”, commented Targa CEO, Cameron Tymstra. “A gold till anomaly approximately 7km x 5km in size has been identified down-ice from an east-west lineament, which has been interpreted from regional magnetic gradient data and topographic features. This was previously identified as an area of interest and with this new data has now evolved into our prime target at Opinaca. All the HMC samples containing notable gold grain counts in the area occur along or just down-ice from this 7km-long target, further supporting the trend. Pristine gold grains make up 25-50% of the grains counted in many of these samples, suggesting a short transport distance. Our team is excited to be heading back to Opinaca in just a few weeks to further refine the target and plan for a future drill program. With at least 7km of strike length of overlapping gold in fine fraction till and gold grains in HMC sampling, our team believes this trend offers a lot of opportunity and potential for future gold discovery.” Targa’s Opinaca project in in the James Bay region of Quebec saw a 5km x 4km gold-in-till anomaly discovered in late 2023. Targa acquired 100% ownership of the Opinaca Project from Kenorland Minerals in December 2022. As experts at gold-in-till anomalies, Kenorland remains the operator of the project to the benefit of Targa shareholders. The June 2024 exploration program has concluded and the company is planning to commence a Sept 2024 work program shortly. 0:00 Intro 0:42 Opinaca project recap 1:47 Exploration goals 2:13 “Possible gold bedrock source” 4:46 Next stage of exploration 6:02 Drill program 2025 7:52 Kenorland’s thoughts so far? 11:28 Eastern gold till anomaly 12:48 Treasury & future funding 14:16 Share price 15:29 Lithium projects 16:09 Upcoming news flow Targa Exploration Corp. tickers: CSE: TEX | FRA: V6Y | OTCQB: TRGEF Press release discussed: https://targaexploration.com/targa-issues-shares-to-complete-property-acquisitions-2/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Disclosure/Disclaimer: Targa Exploration is an MSE sponsor and Bill Powers owns shares purchased through the May 1st, 2024 private placement. Therefore, Bill Powers and MSE are favorably biased towards Targa. Bill intends to sell his Targa shares at some unannounced point in the future for a profit. If you buy Targa shares, assume Bill Powers is on the other side of that trade selling you his shares. Targa's forward-looking statement found in the company's presentation applies to the content of this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“The Stars Are Lining Up for Junior Gold Stocks” says Pro Investor David Erfle in this MSE episode. He points out that gold is now beating inflation causing the producer’s margins to expand. David explains that the gold-silver ratio needs to trend below 80 and gold stocks and gold price need to decouple from the stock market in order for the junior gold stocks to begin to rise. He also shares why seven out of ten of his investments will probably fail in this risky sector. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day. 0:00 Introduction 0:47 Gold price 2:43 Buyout M&A money rotating back into juniors 4:44 Gold beating inflation 6:07 “Stars are lining up for junior gold stocks” 8:03 Catalysts for junior gold stock move 9:48 Proposed Mexican open pit mining ban 14:59 Yukon after Victoria Gold Corp’s failure 16:46 “Seven out of ten of my investments probably will fail” David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Rick Rule reveals the best high-growth gold producer to buy. He also shares which major gold producer is best-in-class. Rick also offers many junior mining stock investing tips and timeless wisdom. He talks about why he is now so vocal on X regarding his libertarian philosophy. And Rick gets into the minutia of private placements and discusses why understanding this funding mechanism is crucial to your growth as a sophisticated mining investor. 0:00 Introduction 0:42 Best gold producer 1:49 Best high-growth producer 2:19 Producer jurisdictional risk? 3:43 Newmont divesting non-core assets 5:35 I-80 Gold Corp. 7:39 “I’m attracted to the Yukon” 11:32 Rick vs the competition 15:57 Outcome vs decision-making 17:22 Libertarian philosophy 27:08 Understanding private placements Private Placement Online Bootcamp Replay: https://events.ringcentral.com/events/rick-rule-s-virtual-private-placement-bootcamp?utm_source=aff&utm_campaign=18 If you would like Rick to review your mining stock portfolio reach out to him at: https://ruleinvestmentmedia.com/ Rule Investment Media YT channel: https://www.youtube.com/@SprottMedia Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Seasoned analyst Ron Stewart provides expert mining investment sector insights in this MSE episode. He comments on a range of recent M&A and jurisdictional activity. Ron shares what metal he sees performing the best over the next six to twelve months. And throughout the interview with host Brian Leni, Ron offers professional advice on a range of junior mining investment issues to help you grow as a sophisticated investor in this sector. Ron Stewart is the managing director of equity research at Red Cloud Securities. 0:00 Introduction 0:57 Influence of executive career on his role as an analyst 5:18 Institutional participation in the resource sector 7:03 LIFE financings 10:02 Opportunity in the royalty companies 11:29 Commonalities in recent M&A deals? 14:19 M&A and the impact of jurisdictional risk 16:25 Agnico's investment in Foran 18:30 G Mining's acquisition of Reunion Gold 21:07 Oko / Oko West consolidation? 22:43 Data Analysis 27:12 Time to buy optionality? 30:16 Misleading data? 32:15 Market makers role in the sector 38:47 Best performing metal in the next 6 to 12 months? 41:00 Red Cloud https://redcloudsecurities.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Geologist Aaron McMahon explains how A.I. can help identify potential mining stock 10-baggers in this MSE episode. He reveals his competitive advantage in finding potential outsized opportunities in early-stage exploration mining stocks. Aaron reviews the reasons for common modeling errors in mineral resource estimation. Furthermore, he also shares how retail investors can learn to invest like a fund. Aaron McMahon is a geologist and an international mining investment professional who uses technology and science to increase the speed and quality of investment decisions. He consults high net worth investors, funds and institutions by providing high-quality mineral economic analysis for drill-stage gold and copper companies. 0:00 Intro 1:12 Aaron’s background 4:42 Resource Estimation 8:29 Modeling errors in resource estimation 11:32 Aaron’s competitive edge with early-stage projects 14:00 Invest pre or post drilling? 15:40 People vs Project? 20:05 Metal Preference? 21:10 How to invest like a fund 32:49 Express DCF 38:39 AI Assisted Investor Tools https://aaronmcm.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Adrian Day of Adrian Day Asset Management is a seasoned investor, speaker, author, adviser and fund manager. In this interview, Adrian explains why gold and gold stocks are presenting a “very unusual circumstance.” He shares his take on a variety of recent mining transactions and jurisdictional happenings. Adrian also reveals the qualities he looks for in a senior miner. 0:00 Intro 0:53 Lundin/BHP's deal for Filo Mining: Bullish Argentia? 4:20 Agnico's investment into Foran Mining 7:37 Copper sector M&A 11:12 Canadian government blocks Zijin's Solaris investment 16:35 What does it mean to understand a jurisdiction or culture? 21:28 Rising gold price risk 25:15 “We are headed towards a reckoning” 34:09 Gold’s “Very Unusual Circumstance” Means Somebody is Wrong 40:39 Social Media’s effect on markets 43:37 Best senior miner? 48:22 Adrian Day Asset Management http://www.adriandayassetmanagement.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

CEO Ivan Bebek describes Coppernico Metals’ goal of finding multiple copper discoveries at the Sombrero project in Peru in this MSE episode. The company is fully funded for over a year of drilling and is currently engaged in its phase one drill program of approximately 6,500 metres using one drill rig. Coppernico is also pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange with further details following in the near term. Coppernico Metals is an exploration company focused on creating value for shareholders and stakeholders through the exploration and discovery of world-class copper-gold deposits in South America. The Company’s management and technical teams have a successful track record in raising capital, discovery and monetization of exploration successes. The Company is currently focused on the Sombrero project in Peru. Coppernico Metals is currently an unlisted reporting issuer and is seeking Canadian and U.S. listings. In this interview, Ivan Bebek, President and CEO, provides an update on the company’s progress and plans. 0:00 Introduction 1:11 “Perfect timing” for a copper discovery 4:12 Analyzing drill core as drills turn 7:16 Are you drilling Sombrero’s best target now? 8:37 Defining more targets now? 10:19 Copper discovery exit strategy 15:13 How many drill holes to determine success or failure? 18:06 Toronto Stock Exchange listing Sponsor: https://coppernicometals.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Coppernico Metals is an MSE sponsor. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Joe Mazumdar of Exploration Insights explains how machine learning can help identify potential “unicorn” gold deposits. He also shares why Victoria Gold failed and how this affects not only the Yukon, but also other Canadian provinces. Joe, furthermore, discusses the importances of identifying red flags early on and offers his firsthand take on the recent Rick Rule Symposium. Joe Mazumdar 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 0:57 Rick Rule Symposium sentiment 2:35 Machine learning helps identify “unicorn” gold deposits 9:25 Would machine learning predicted Eagle mine’s failure? 12:32 Mining accident negative news amplified 15:03 Yukon difficulties could spill over into other provinces 17:55 Recent impressive junior mining financings 22:16 Permitting private land more attractive than federal land challenges 27:06 Identify red flags early 28:38 Is the junior mining sector markets more efficient (than 20yrs ago)? 31:56 Computers writing stock articles Joe Mazumdar’s website: https://www.explorationinsights.com/ Follow Joe on Twitter: https://twitter.com/JoeMazumdar Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Claude Bejet is the editor of the Swiss Gold Letter. He is a seasoned junior mining investor and gold stock speculator. In this MSE episode, Claude runs through the top gold and silver stocks in his portfolio. He also offers sage advice on the current gold market, tips on how to optimize your portfolio for maximum gains as well as a range of topics pertinent to junior mining stock investors. 0:00 Introduction 0:55 Swiss Gold Letter 5:29 Euro vs NorthAm gold investors - are they different? 7:38 Does the quality of your network correlate with your success 11:47 Mining Investment Conferences: “feel the market” 13:58 Should Euro investors attend NorthAm events? 15:15 Overview of the gold market 22:09 Duration of the bull market - different from 2016 and 2020? 27:50 % of cash in portfolio 29:58 Top gold stock picks https://www.swissgoldletter.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 None of the companies Claude mentions in this interview are MSE sponsors. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

David Erfle is expecting Newmont $NEM to report “blowout” quarterly earnings next week. The gold price averaged $2090/oz in Q1 ’24, but it averaged $2340/oz in Q2, David pointed out. “So you’ve got the largest gold miner in the world that is about to announce [earnings] results [next week]. And basically, [production] costs have flattened out but the gold price is almost $350/oz higher. So, it is likely to be another blowout quarter, and yet your generalist investor is not really paying attention,” Erfle stated in this MSE episode. David also provides commentary on the gold price and the broader junior mining sector. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day. 0:00 Introduction 1:24 Gold price 3:38 Trigger for more gold stock interest 6:26 Next gold breakout price 12:20 Victoria Gold’s disaster 16:04 Risk tolerance for this cycle 17:57 Don’t sell your gold stocks too early 20:26 “Start with the project”? David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“A lot of people start with management; I start with the project. Is the project actually good? Because there [are] a lot of good management that have really bad projects unfortunately. What we have is a shortage of good projects in this industry. [You] see a lot of recycling of the old assets.”…“We have to improve something about the industry; where the capital goes. It has to start going into smarter projects,” shares investor and exploration geologist Joanna Ponicka of Equivest Capital. 0:00 Introduction 2:27 “Start with the project” 5:28 BHP Xplor program 7:49 Driver of senior miners investing in juniors 10:10 Majors vs juniors’ exploration goals 18:29 Cost of discovery increasing 24:46 Europe: jurisdictional risk 29:47 Copper exploration 33:26 Timely greenfield discoveries 35:10 Agnico Eagle’s nickel investment 37:31 ESG https://www.equivestmetals.com/ https://x.com/equivest_explor Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

“By far my largest percentage holdings are the junior [gold] development stocks because I think you are looking at anywhere from a five-bagger to a potential twenty-bagger in some cases,” says fund manager Dave Kranzler in this MSE episode. He also is expected gold to be north of $2500/oz and silver in the mid-$30’s/oz range by year-end 2024. 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 0:50 Summer outlook for gold/silver 9:34 Year-end gold and silver price targets 10:31 In-the-money call options on gold & silver stocks 11:30 Silvercorp Metals Inc. 15:00 Calibre Mining Corp. 18:44 B2 Gold 21:50 Cabral Gold 27:04 Paramount Gold Nevada 29:58 U.S. Gold Corp. 33:50 Angus Gold 38:06 ASX exposure? https://investmentresearchdynamics.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 None of the companies Dave mentions in this interview are MSE sponsors or owned by Bill Powers. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode, Dr. Rob Stevens teaches investors what to consider when interpreting exploration company maps and sections. 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 2:14 Overview 3:45 Viewpoints in exploration 7:17 Key aspects of maps and sections 8:30 Map view 19:34 Cross-Section view 22:37 Long-Section view 29:48 Contour Maps 33:16 Three-dimensional views 36:49 Geological Models 41:57 Humorous illustration 44:55 Q&A with Bill Powers YouTube Presentation of this episode: https://www.youtube.com/watch?v=FJ-ysxVphWU To learn about Rob’s book and online training courses: https://www.miningessentials.com/ Rob’s YouTube channel: https://www.youtube.com/@mining-essentials Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 This was not a sponsored interview. MSE received no compensation to speak favorably of Rob Stevens’ book and has no revenue-sharing arrangement with Dr. Stevens. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this MSE episode, FPX Nickel CEO Martin Turenne explains why the company opened a community office in Fort St. James, British Columbia to further engage the local community as the Baptiste Project advances towards permitting. “In preparation for our entry into the Provincial and Federal environment assessment next year, we are very pleased to establish a full-time, year-round local presence in Fort St. James to support our engagement activities for the Baptiste Nickel Project,” said Martin Turenne, FPX Nickel’s President and CEO. “We are committed to advancing Baptiste in partnership with members of local communities, and to maximizing opportunities for employment and business development opportunities across the region and have established our Community Office as a hub to facilitate collaboration across all aspects of the Project.” FPX has recently hired a full-time Fort St. James-based Community Manager, Jonathan Gibson, who is a community member and experienced in business development in the natural resource and construction industries, and who will manage Community Office operations. Key priorities for the Community Office will be identifying business opportunities for local and Indigenous-owned businesses, and seeking local community feedback early so that this can be incorporated into the design of the Baptiste Nickel Project. 0:00 Introduction 0:43 Why the community office? 3:30 First Nations 6:05 The main FPX catalyst now 8:31 Mich project exploration in Yukon 13:05 Insider selling & buying 15:08 Treasury C$42M 17:42 Share buyback? 18:41 Pilot plant met work results 20:45 Nickel price commentary Company website: https://fpxnickel.com/ Press release found here: https://fpxnickel.com/news/fpx-nickel-advances-baptiste-project-engagement-initiatives-with-opening-of-community-office-in-fort-st-james/ FPX Nickel PFS Presentation: https://fpxnickel.com/wp-content/uploads/FPX-Presentation.pdf Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 FPX Nickel is an MSE sponsor. The forward-looking statement found in FPX’s most-recent presentation (linked above in the show notes) applies to the entire content of this MSE episode. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Fury Gold Mines is pursuing two new gold discoveries this year at their Eleonore South target and the Serendipity step-out target at its Eau Claire project, both in Quebec. Currently, Fury has a market cap of C$75M with a treasury of about C$65M ($10M cash and $55M $DV.v and other equities). In this MSE episode, CEO Tim Clark and SVP Exploration Bryan Atkinson provide an update and explain the company’s summer plans. Bryan also shares why the Eau Claire deposit with its updated resource is now a top-five Canadian gold deposit in its peer group. Sponsor: https://furygoldmines.com/ Ticker: FURY Presentation: https://furygoldmines.com/investors/presentations/ Press Releases discussed: https://furygoldmines.com/fury-mobilizes-drill-to-the-serendipity-prospect-at-eau-claire/ 0:00 Intro 0:46 New Serendipity target 2:35 Pursuing new discoveries 5:12 Eau Claire gold deposit is top five in Canadian peer group 6:26 $5M charity flow-through financing 7:00 Eleonore discovery target 10:44 Treasury: about $65M in cash and equities 14:00 Committee Bay project Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Fury Gold Mines is a Mining Stock Education sponsor. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Pro gold stock investor David Erfle offers key advice for junior mining speculators from his two decades of experience investing in the junior gold mining sector. He also provides commentary on the recent gold and silver price action. Furthermore, David shares his analysis of I-80 Gold Corp. and why he is still holding onto the stock despite being down fifty percent from his purchase price. David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com, whose website attracts nearly a million visits every day. 0:00 Introduction 0:24 Gold & silver price commentary 1:22 Miners’ performance relative to gold price 4:30 “Sell in May and go away” 7:37 Leverage without miner risk 11:23 I-80 Gold Corp analysis 17:56 Bear markets end with short covering 19:34 Profile of junior mining executive who’ve made Dave money 21:20 Avoiding explorecos now 25:10 Prospect generators 26:38 Selling too late because you like management 30:30 Bull market differences between 2024 and 2016 35:34 Jr miner stop losses turned off now 42:45 Dave’s subscription service David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/