I have real conversations about mining and metals (the most expensive hobby that isn't all that fun to begin with).
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The 6 Junior Mining Companies I Spoke With Last Week.
I send a free weekly newsletter containing a 5-minute summary of each Resource Talks interview from the previous week.
Below is the lineup from week 38 and the links to the full interviews:
1️⃣ Cash-Flowing Gold Mine in Ontario, But Can They Get Costs Under Control?
| @hemlomining with Jason Kosec
2️⃣ New Type of Royalty Company, But Can They Really Scale the Model?
| @Nations_Royalty with Derrick Pattenden
3️⃣ District-Scale Copper Targets, But Can Drilling Confirm a System?
| @Tribeca_Copper with Thomas Schmidt and Paul Gow
4️⃣ 1M+ Ounces of Heap Leach Gold in Mexico, But Can They Really Restart It?
| @AxoMetals with Jonathan Egilo
5️⃣ 5 Uranium Projects in Saskatchewan, But Can They Prove Continuity?
| @xciteuranium with Jean-Francois Meilleur
6️⃣ Copper Sulphides in 8 Drill Holes, But Is There a Real Discovery?
| @LeviathanMetals with Luke Norman
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Full interviews + a free newsletter listed below.
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The 6 Junior Mining Companies I Spoke With Last Week.
I send a free weekly newsletter containing a 5-minute summary of each Resource Talks interview from the previous week.
Below is the lineup from week 38 and the links to the full interviews:
1️⃣ Cash-Flowing Gold Mine in Ontario, But Can They Get Costs Under Control?
| @hemlomining with Jason Kosec
2️⃣ New Type of Royalty Company, But Can They Really Scale the Model?
| @Nations_Royalty with Derrick Pattenden
3️⃣ District-Scale Copper Targets, But Can Drilling Confirm a System?
| @Tribeca_Copper with Thomas Schmidt and Paul Gow
4️⃣ 1M+ Ounces of Heap Leach Gold in Mexico, But Can They Really Restart It?
| @AxoMetals with Jonathan Egilo
5️⃣ 5 Uranium Projects in Saskatchewan, But Can They Prove Continuity?
| @xciteuranium with Jean-Francois Meilleur
6️⃣ Copper Sulphides in 8 Drill Holes, But Is There a Real Discovery?
| @LeviathanMetals with Luke Norman
--- --- ---
Full interviews + a free newsletter listed below.
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Free newsletter containing a 5-minute summary of each Resource Talks interview from the previous week:
substack.com/@resourcetalks
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I asked @LeviathanMetals, an explorer who holds some ground on Botswana’s Kalahari Copper Belt, why their part of the district is largely unexplored, even though they are pitching the similarities to the adjacent package that already hosts some impressive copper discoveries.
Adjacent success is an easy story, and sometimes it works.
The harder question is why that ground was left behind if the geology is so similar.
The answer could be cover, access, tenure history, previous results, or just ... luck but it could also be a real geological difference that the analog leaves out, which is why you need to ask.
What else could/should I have asked $LVX.V here?
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I asked @xciteuranium, a uranium explorer that recently hit some radioactivity in the Athabasca Basin, whether the historic CPS readings in the area actually correlated with uranium mineralization either on their own ground or from nearby historic work.
Radioactivity is useful, but CPS is not the same thing as uranium in the ground.
In the Basin especially, it matters whether those counts have previously lined up with real U3O8, or whether the historic data just shows radioactivity that never turned into mineralization.
Assays are still pending for them, but this could be a good follow up interview eventually.
What else could/should I have asked $XRI.CN here?
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I asked @AxoMetals, a precious and base metals explorer with projects in Mexico, whether they are aware of any large shareholders on the registry who own just under 10%.
Those positions don't show up on SEDI, but they can still matter.
In a the illiquid world of public explorecos, a few sub-10% holders can influence the supply and demand of the paper, especially if one of them decides to sell, and that could matter even more than the rocks or the people.
What else could/should I have asked $AXO.V on this topic?
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I asked @Nations_Royalty, a newly formed royalty company that aggregates First Nations royalties and payments into one vehicle, what matters most when dealing with First Nations, and what the junior mining space gets wrong when negotiating with those groups.
This company has basically made it its whole business to negotiate with First Nations, which is (at least based on my personal experience in doing 1,000 interviews with CEOs) a part of our space that many issuers treat as uncomfortable.
What else could/should I have asked $NRC.V on this topic?
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I asked @Tribeca_Copper, an explorer with 2 projects in Chile, after they generated some new porphyry targets, whether those target porphyries could be genetically linked to the lithocap.
Not only does the question make me seem like I know why I'm talking about (I don't), but it actually matters.
A lithocap can sit over a fertile porphyry and point toward a very large copper system, or it can be a broad zone of alteration with little economic mineralization underneath.
If the two are genetically linked, you may be looking at a large target.
If they are not, you may just be looking at a lot of rock that doesn't have great odds of becoming a mine.
What else could/should I have asked $TRBC.V here?
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I asked @hemlomining, who recently bought a 40-year-old operating mine in Ontario from Barrick (after several other large operators had already run it) whether those previous owners left because it became too hard operationally or too marginal economically, or something else ... and (most importantly) whether there is still upside left for shareholders.
When majors sell a long-lived mine, it is can be because the remaining ounces, grade profile, costs, or scale no longer fit them.
That doesn't necessarily mean it won't work for other (smaller) companies.
The important part tho is whether the challenge was operational, economic, or both, or something else entirely. And whether the new owner can actually create value that the last operators could not.
What else could/should I have asked $HMMC.TO here?
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The 8 Junior Mining Companies I Spoke With Last Week.
I send a free weekly newsletter containing a 5-minute summary of each Resource Talks CEO interview from the previous week.
Below is the lineup from week 37 and the links to the full interviews:
1️⃣ Historic Gold Mine in Nevada, But Can They Really Restart It?
| @CopAurMinerals with Andrew Neale
2️⃣ Giant Nickel Project in Ontario, But is the Grade Enough for a Mine?
| @CanadaNickel with Mark Selby
3️⃣ High-Grade Copper in Brazil, But is There a Real System?
| @ProspectivaRes with Dan James
4️⃣ Historic High-Grade Gold Mine in Canada, But Can it be Permitted?
| @SixtyNorthGold with Dave Webb
5️⃣ BC Gold Drill Program Starting, But Can They Prove Continuity?
| @OMGAPACIFIC with Jason Leikam
6️⃣ New Gold Zone in Wide Intervals, But is There Enough Size?
| @KLDC_gold with Stefan Sklepowicz
7️⃣ Titanium-Vanadium Discovery in Labrador, But Will The Metallurgy Work?
| @sagametals with Michael Stier
8️⃣ High-Grade Silver Veins in Mexico, But Are the Widths Mineable?
| @MercadoMinerals with Daniel Rodriguez
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Full interviews + a free newsletter listed below.
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Free newsletter containing a 5-minute summary of each Resource Talks interview from the previous week:
substack.com/@resourcetalks
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