The 7 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 34 and the links to the full interviews: 1️⃣ Producing Gold Mine in Argentina, But Can They Grow it and Lower Costs? | @CerradoGold $CERT.V 2️⃣ 80 Projects and 17 Royalties, But Can They Really Monetize Them? | @TSXVSMD $SMD.V 3️⃣ Brownfield Copper-Gold Camp in BC, But Does it Have Enough Scale? | @phoenixmetalPCA $PCA.V 4️⃣ New Copper-Gold Discovery in Australia, But Is There Enough Tonnage? | @GPSMetals $GPS.V 5️⃣ High-Grade Silver Discovery in Bolivia, But Is There Enough Scale? | @BPSilverCorp $BPAG.V 6️⃣ Silver Mine in China Generating Cash Flow, But Can They Execute on Growth? | @SilvercorpSVM $SVM 7️⃣ Gold Project Near Fosterville, But Can They Deliver Economic Grades? | @crossroadsgold $CRG.V -- -- -- Full interviews + a free news letter listed below.

The 9 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 33 and the links to the full interviews: 1️⃣ Copper-Gold Target in BC, But Will the New Targeting Deliver This Time? > @CopperGoldTorr $TMET.V 2️⃣ 5 Lithium Projects in Africa, But Will Any of Them Reach Scale? > @Lithium_afri $LAF.V 3️⃣ Record Revenue From Gold, But Can They Get Costs Under Control? > @StarcoreIR $SAM.TO 4️⃣ High Grade Brownfield Copper Project in Ireland, But Will Continuity Hold? > @NorthMinCorp $NMB.V 5️⃣ High-Grade Gold in Nevada, But Can They Define a Large Continuous System? > @49Metals $49M.AX 6️⃣ 3M Ounces of Gold in DR Congo, But is it Really Economic? > @Avanti_Gold $AGC.V 7️⃣ New Copper Target in BC, But Will They Drill Soon Enough? > @Beyond_Minerals $BY.CN 8️⃣ Shallow Copper-Gold System in Chile, But Are the Grades High Enough? > @AterraMetals $ATC.CN 9️⃣ Multiple Gold Projects in Canada, But Is There Really a Clear Path to Value > @harfangexplores $HAR.V -- Keep scrolling for the links.

After this pod, I got an opposing view from another geologist. He said non-geos with enough focus and time in the market can outperform geos. Experience > degree type of thing. As a non-geo, that gives me hope. youtu.be/u6d5hRLFPVc?si=AIGB…

I send a free weekly newsletter containing a 5-minute summary of each Resource Talks interview from the previous week. Here's the lineup from week 20: 1️⃣ Overlooked Copper District, But Where is the Grade? 🔸 @explore_aeonian $ALTN.V 2️⃣ High-Grade Gold in the Yukon, But Is the Continuity Really There? 🔸 @ProspectorMetal $PPP.V 3️⃣ Looking for a Gold Mine in The Dominican, But Will the Locals Allow It? 🔸 @PrecipitateGold $PRG.V 4️⃣ High-Grade Silver Discovery in Mexico, But Are These Widths Mineable? 🔸 @GRSilverMining $GRSL.V 5️⃣ Growing Silver Production in Mexico, But Can It Remain Profitable? 🔸 @SierraMadreSM $SM.V -- Full interviews and free newsletter linked in this thread. --

Every week, I send a free newsletter containing a 5-minute summary of every Resource Talks interview. Here's the lineup from week 18: 1. What Actually Makes a Good Mining Jurisdiction? (Episode 1) 🔸 Kazakhstan w/ @arrasminerals $ARK.V 🔸 Namibia w/ Ongwe Metals $OGW.V 🔸 Oregon w/ @ProvenanceGold $PAU.V 🔸 Quebec w/ @MapleGoldMines $MGM.V 2. Why Isn't This 29M Oz Gold Deposit Being Mined Yet? 🔸 @TUDGoldCorp $TUD.V 3. Is There Gold Left in Suriname After 100 Years of Artisanal Mining? 🔸 @Miata_Metals $MMET.V 4. Can You Really Grow a Gold Mining Company With 0 Debt? 🔸 @GolcondaGoldLtd $GG.V 5. Is Wyoming's Gold Really Connected to the Abitibi? 🔸 @RelevantGold $RGC.V Free newsletter and full interviews linked below.

live view of post-PDAC parties with an open bar

Another note on cheap paper. Is cheap paper in a shell an automatic deal breaker? No. If it were that simple, junior mining would be easy, and then nobody would be here pretending this sector is rational. Shells are often used to get assets publicly trading, and yes, they frequently come with cheap shares in the background. That is not unusual, and by itself it does not kill the story. Sometimes it is just part of the plumbing. The mistake is treating “cheap paper exists” as the entire analysis. Cheap shares matter because they can become supply. But the behavior of that supply depends on who owns it, what their incentives are, and how they’ve acted in past situations. A tightly held block in aligned hands is very different from a loose pile of lottery tickets spread across tourists, flippers, and legacy holders who forgot they even owned the thing until the stock moved. So the real question is who owns the cheap stock, under what structure, and how likely are they to hit the market. As I said last week, cheap paper is a big risk factor, but misaligned cheap paper is a different category of risk entirely. One can be absorbed. The other can sit on the stock like wet cement while everyone keeps wondering why the story won’t rerate even tho the in-situ value is 17 trillion arctic pesos. I asked @Gallopergold $BOOM.CN about cheap paper in our recent interview. The CEOs answer can be heard in the clip below. Full interview on YT.