Interviews With Real Estate MindSet, USA Watchdog, Metals and Miners, KE Report, Palisades, VRIC
Real Estate MindSet’s Travis Spencer is a housing expert who covers that sector’s accelerating bust. He’s also a champion shark fisherman…
Greg Hunter’s USA Watchdog needs no introduction to this audience. It’s always great to catch up with him.
Gary Bohm’s Metals and Miners is a new show that will get very big very fast in the precious metals bull market.
KE Report’s Shad Marquitz is one of my go-to guys for junior precious metals miners. Check out his Substack before the paywall goes up.
Palisades Gold Radio’s Tom Bodrovics is a champion motorcycle racer and a good interviewer. Very interesting combination.
Vancouver Resource Investment Conference’s Ted Butler works with both silver guru David Morgan and Incrementum’s Ronnie Stöeferle, and it shows.
Newfoundgold is down 7 percent today. The trigger appears to be the company formally released a lengthy technical report about its exploratory drilling efforts within its large land area in Newfoundland.
After a great deal of drilling that has already been accomplished (circa 600K meters, IIRC), the consultants recommend more study that is estimated to cost a further $72mm. It is noted that there are challenging involved in modelling the deposits.
The company had some headline-grabbing drill results circa 2021, with result that company shares became overvalued by eager investors, not appreciative of what little was known about the size of its deposit(s), their geographic distribution, and the holistic cost/benefit analysis economic case for building a mine.
Whereas Snowline began drilling in late summer of 2021, it found a substantial deposit conducive to bulk mining. It was able to create an initial resource estimate within the past year. Clive Johnson the CEO of BTG bought Snowline shares, presumably hopeful his firm will gain from its investment in the fullness of time. Large miners like to take positions in promising deposits.
In contrast, there is no resource estimate for Newfound yet, though it has undertaken much more drilling. No large miner has as yet bought shares. Rick Rule said about a month ago that he suspects the extent of the drilling that has taken place to be an indication of the difficulty of defining deposits.
For perspective, whereas the shares of productive gold-mining firms have generally risen about 22% (GDX) to 27% (GDXJ) during 2024, Newfound's shares have declined 49% during the same period.
I’m always grateful for these sorts of interviews. TY.