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Exploring Mining Interview with Gwen Preston – How you can still find opportunities in a bad market with junior mining stocks
Welcome to today’s edition of the exploring mining podcast featuring stock news from TSX tsxv CSC ASX NASDAQ and New York Stock Exchange mining companies plus interviews with CEOs and leading experts Gwen thanks for joining us today on our show I’m sure most of our following knows you very well and your
Background but for listeners that might be new to mining can you give us a quick overview of your back ground and how you started the resource Maven absolutely well first of all thank you so much for having me I love uh being able to speak to some some new audiences so thanks for
Having me on my uh my background education wise is chemistry and then journalism a masters in journalism uh and after I finished that I ended up working for uh the northern minor which is a newspaper that’s all about global mineral exploration and development I didn’t at when I started there I didn’t
Know anything about geology about the stock market about anything to do with this industry but the great thing about being a journalist is that your job is to ask questions until you understand and so that’s what I did for five years and those were PR those were five years
That were um pretty dynamic in the space I started there in 2007 so there was a hot hot year then there was the great financial crisis uh in 2009 and then there was a couple more years of bull market sort of the 2010 11 years um and
Then you know into the downturn it was actually five years out of a seven-year period in the middle I had taken a t a bit of time away from the northern minor and I was a ghost riter for another newsletter writer so that’s what gave me a window into what newsletter writing
Was and so that’s where I learned the craft that’s where I learned how to talk about resources how to you know and and what I needed to know to assess mineral projects and stocks uh so then when 2014 rolled around I was at the nor minor and
I I realized that this mining Market was going to bottom at some point and I wanted to be more actively positioned and a more Dynamic player when it turns back up so I quit my job and started resource Maven and resource Maven is where I write a Weekly Newsletter about
What I am buying selling and thinking in the metals and Mining space that’s the maven letter and then more recently um my colleague Peter who writes silver stock investor he and I uh collaborate now on another newsletter which is called Evergreen investing which is about the inputs and innovations that
Are needed for the green transition so it’s how investors can establish lowrisk exposure to the huge shifts that are needed the huge things that are needed for the green transition that transition’s a little bit on pause right now just because of economic uncertainty lack of growth people focus elsewhere
But when it gets back underway there’s huge gaps in needs um ahead um that I think will create some Prett fantastic investment opportunities so that’s me so I wanted to start the talk off um with gold we’re now seeing gold at its weekly high again with the geopolitical
Tensions in the Middle East can you go over some of the macros that you’ve already seen in play with gold prices this year and how you see maybe the next couple months of this year playing out yes I mean looking back I can do with ease looking forward a little bit more
Challenging I’ll I’ll do my best um I mean the big story with gold uh the story this the thing about gold that stands out to me in 2023 is what it hasn’t done which is it has not Fallen with Rising real rates and I think that’s really significant to note so
Real rates interest rates minus inflation have ramped up ramped up you know since the interest rate since the rate height cital cycle started you know almost two years ago now um and and you know real rates increase significantly this year and they continue to rise now because of this crazy situation in the
Bond market where yields keep Rising so real real rates keep going higher and higher gold is very closely correlated inversely correlated with real rates so usually when real rates rise gold Falls but gold did not do that this year gold held its ground yes it has vacillated
It’s you know gone and touched $1800 it’s it’s shot up above $2,000 so it’s moved within a range but it say stuck in that range it has not Fallen if you look at a classic chart that is gold um and then real rates inverted uh usually
They’re right side by side best best of friends tightly together and in 2023 they have diverged now the big question there is what’s going to bring them back together again a long-term um pairing like that doesn’t just end and so I think the reason that gold has done so
Well in 2023 is because central banks are buying a lot of gold um and they’re doing that because of all of the macro forces that are going on in the world right now dollarization and de globalization I mean dollarization is this sort of arm weight was for a long
Time a sort of really slow fairly arm wavy concept that like at some point the world is going to move away from the dollar and that will be terrible for the United States um but in the last two years it has become much more real the
AL the the the clear lines of Allegiance in the brics Nations their clear decisions to actively move away from the US dollar China actively reducing its treasury Holdings and not buying much more Russia of course not caring much to have um US currency on its in its hands
These are big big shifts and they are and as you can’t just walk away from a reserve currency you have to walk towards a different Reserve currency right so there’s different machinations in play to figure out what that will be but gold plays a role I’m not saying that the
Bricks nations of the world are suddenly going to have gold as their main you know uh mechanism of trade but I am saying that a lot of nations are establishing or growing their gold reserves as that back stop if things are going to change if things are going to
Shift if new mechanisms are going to be needed gold is the back stop gold is what can help carry them through the uncertainty it can back stop the new the new thing whatever it is and so if you look at um some of the world gold Council you know releases what I think
Is really interesting is not only has Central Bank gold buying really increased in 2023 the and 2022 as well but undisclosed Central Bank gold buying has shot through the roof so the RO glob Council always knows which central banks are doing the buying but a central bank
Is allowed to say yes you can say that I did the buy or a central bank can say no do not say that I am the one who did the buy and the the number of undisclosed Central Bank gold buys is has is just multiplied so that is very clear
Evidence to me that a whole bunch of Nations out there are slowly but significantly accumulating gold as they back stop as all of these shifting Waters keep moving and that has played an enormous role in supporting the price of gold okay so that’s sort of what’s been happening um where are we going
From here I’m not sure um you know real rates haven’t been a great guide for gold so far in 2023 that’s what I started this answer with um I don’t I think it’s reasonable to presume that real rates have peaked inflation is probably heading down maybe it gets
Stuck where it is but importantly it is unlikely that interest rates are going much higher another hike at this point would is possible but um more than one small hike um I think is unlikely and there are a lot of flashing signs out there that suggest recession is more of
A concern uh than we might like so I don’t think real rates are going any higher so that hindrance is I think not um in play I think that the Catalyst for gold will be either things getting worse so a recession hitting um or the United States actually executing
A soft Landing um and getting into a position of comfortable growth and then gold participating in a broad Metals bull market there’s lots of reasons to believe other metals need to have a bull market because they are dramatically under supplied I’m sure we’re going to
Talk about that more in a moment um but gold usually participates alongside a Metals bll market so that second option the broad medal Soul Market probably takes a little longer to get going because we need some Su some we need confidence that we’re in a grow scenario
And not just in the United States but you know that Global growth is on the UPS sling uh for that broad medal schol Market to get underway that would carry gold higher if that’s the path it we might have we might need some patience yet um if it’s a recession that kicks
Gold higher uh then that could happen of course at any time either way November and December number are rarely good months for gold so I I’m sorry to say I’m not optimistic about gold in the next two months but then there’s always the geopolitics like you say and I mean
This this renewed intense conflict in Gaza is significant it is loosing gold prices because of the conflict itself but of course because of the concern of what might come bro more broadly from that conflict those are the things that you can’t predict right nobody knew that that was going to happen so there’s
Always outlier events that can boost the price of gold but barring such events I don’t really think that gold is going to do a dramatic anything this year like I say barring outside events but uh I’m not sure what 2024 might bring especially if we hit a recession gold
Loves the recession um or if we manage to skip that and uh and step forward into a into into a growth scenario a lot of those topics I was just at the medals investor Forum which you were at as well just wanted to briefly talk about some
Of the juniors in the gold space for one of your panels I found Cascadia one of the most interesting stories with you i’ just love to hear a couple of the junior stories that you really like to share with our following and yeah I will certainly talk about Cascadia so just as
A bit of a setting the scene since I don’t have a lot of confidence that we’re going to get sort of a rising tide in the metals Market in the next little while it’s going to happen at some point but I don’t really see I don’t have confidence that that’s going to happen
Starting tomorrow I have different tactics that I use to try and find gains when the overall Market isn’t just sort of handing them out to me which is certainly where we’re sitting today um and one of those is and one of those is um leaning into discoveries discoveries can generate incredible share price
Returns regardless of the markets right we’ve seen that time and again if you get a really good gold Discovery copper Discovery whatever might be that Discovery can soar even when the overall Metals markets are are weak and so um Cascadia is a good example of that so
Cascadia is a company it’s a brand new company it was spun out of um another company called attac that was taken over for atac’s main project in the last few years ATAC had started uh looking away from that main project which is a gold project in in a bit of an isolated part
Of Yukon and they’ started looking at Copper they just thought that copper they like the fundamentals for copper going forward and they had a concept that um came to them from a prospector about the potential to find some good copper poery deposits in Yukon now what’s interesting is this kind of
Copper poery deposit it’s usually copper and gold there’s a bunch of them in the stien terrain a Terrain is a big chunk of rock the S terrain um extends up through sort of the center North running north south up the center of British Columbia and there’s some really
Significant copper gold pories in that terrain the red Cris mine is is is the prime example thereof good poery near surface get becomes a phenomenal poery at depth great gold grades good copper uh very economic mine so the sten’s a great hunting ground for for pories but
The Sten in BC has been looked over pretty closely because everybody wanted to find the next red crisp what this prospector in Yukon realized is that nobody had really looked at the stien terrain in Yukon it pinches a little bit but then swells again and there is a
Significant chunk of stien north of that BC Ukon border so this guy went out and just started looking and he looked we think of Yukon as being very explored because there has been so much gold exploration up there interestingly in this particular part um there’s been very little exploration a little bit
Hard to land a helicopter or just walk through the bush the are tight that kind of thing maybe that was part of the rationale there isn’t a lot of plaster gold in the creek so that probably also didn’t draw Prospectors to the area which is one of the common reasons
Prospectors look around in Yukon anyways there’s almost no record of any mineral claims in this in this part of Yukon and he walked out there and he found blue rocks and copper sulfide minerals just stick it out of the ground everywhere it’s really quite amazing so he St the
Ground around and talk to the guy that atack and they bought the properties and then and now they have drilled them um and so they’re waiting for results from that first drill program into the first such project when those assuming okay so they drilled right into what looks like
Some nice copper poery mineralization it’s very hard to know with copper pories what they’re going to get out of that I mean I’m optimistic that they’re going to get some good numbers if they get rock out of if the rock out of the ground the asset from that say that
They’re right in this theory that there are um copper poery that there’s good copper gold poy potential in this part of Yukon they’re ready to jump on a bunch of other similar Targets in that same area so they’ve been they’ve been traing all through that section of Yukon
Looking for other areas where there’s Blue Rocks sticking out of the ground and they’re ready to sort of jump on those assuming that the numbers come back um in support of that theory and so that those numbers should be back pretty soon they wrapped up drilling uh I a
Couple weeks ago so I feel like those numbers will probably hit the market in a couple weeks um so that’s an interesting one to W watch Cascadia minerals cam on the Venture exchange as the company uh a discovery story and like I say that’s the kind of story that
If they do Discovery discover a new interesting goodlook copper gold poery um that kind of thing can work can send a share price really moving even though the overall Market is not um supportive similar some other Discovery I’ll keep the other stories a little shorter but some other Discovery stories that I’m
Really interested in right now Blackwolf copper and gold B wcg black wolf copper gold it was hard for me to get those letters I um that on the Venture they are also a discovery story so they have in the over the summer they drilled two projects near
Stuart BC One happens to be on the Alaska side of the Border but right there near Stewart and the other one on the BC side of the border the both are really awesome targets one of them is like a very steep Cliffside where you can see minerala high gray gold silver
Veins sticking out of the cliff and so they steep back from the edge of the cliff and drill down to Target those veins never been drilled before um another one is an area that had seen some drilling a couple years ago from a company that didn’t really have the
Financial capacity to follow through on it and and so a one or two really good hits just got forgotten um and Blackwolf got that project by merging with that company uh reinterpreted the ground the Blackwolf team is very intimately familiar with the Rocks around Stewart they’re experts in that area so they
Reinterpreted you know they they have a new take on that project they basically turned the drills a different direction and drilled similar areas and they have reported visible Golds quite a bit of visible gold in core from that hay project so another really interesting Discovery primed story there pretty
Inexpensive stock it’s 22 cents reasonably tight share flow I don’t remember exactly what it is I want to say 60 million but I could be wrong and uh waiting for results those results I think will start coming out in about two or three weeks so Cascadia Blackwolf
Those are two Discovery stories that I’m that I’m really interested to see um whether they can deliver some excitement into an otherwise boring Market well thank you for that I I love your picks so those are great Cascadia was definitely one of the ones that Peak
My interest the most so I want to switch uh gears here a little bit and switch over to your Evergreen investing let’s talk um for investors that are looking to get into the energy transition kind of what you’re seeing in that space right now absolutely so every Green
Investing is about the inputs and innovations that are needed to make the the the global green transition happen so we kind of we cover several different Arenas um you know there’s agry food there’s sort of recycling and waste management those are two areas that Peter covers my areas are um energy
Green energy um green metals and carbon credits carbon credits have definitely been going through some Growing Pains of late um there was basically a scandal about carbon credits not being robust sufficiently verified and monitored and so uh like I say carbon credits are going through a a a growing growing
Pains right now um they will I believe become part of the green transition there’s no rush to invest in those at this point because um they need to get through this they need to answer some of the questions that were raised before they um become accepted again um but
Green energy and green Metals uh there’s more than enough opportunity there to focus on in the meantime so on the metals front you know we have immense Supply gaps really significant Supply gaps for SE for a bunch of green metals and and green Metals run the gamut from
From Tiny Market metals like you know vadium or niobium you know Rare Earth things or or or small market items through to the biggest metal some of the biggest Metals markets in the world like copper copper is incredibly important to the green trans I and we are absolutely
Coming up against the copper Supply deficit in the next few years why is that happening it’s pretty straightforward story since the last medal of bull market which ended call it 2012 2011 we have been there has been an incredible cutback in looking for new deposits and building new mines that
Cutback is for three reasons investors have not cared about Metals there there was a bare Market they found opportunity elsewhere um investors have not been interested in investing in metals so that’s one reason uh the second is that management teams decided to be conservative investors didn’t care metal
Prices were were down for quite a while they decided to be conservative focus on profit and share BuyBacks and dividends and things like that and so that means that they did not build um their focus was not on building new mines and the third reason is that it’s really hard to
Build a new mine permitting is very gets slower and harder every year so it’s very hard to build a new mine um all similar rationale applies to advancing projects whether that looking for new discoveries taking a discovery through all of the effort needed to turn it into
A mine plan that also has not been happening anywhere near to the same extent that it did before um sort of we we the the mels markets turned down over a decade ago put that all together the thing is and and we don’t have enough Minds The the thing is resource Industries need
Sustained Capital intense capital investment just to maintain output if you stop investing output declines and that is the situation that we’re that we’re coming up against with silver with nickel with zinc with silver with uranium all of them we are we are the output is deining at the same time green
Demand means that the need for the Metals is going up in some cases dramatically I mean nickel for example has for many many years been a stainless steel story a very important metal but used primarily in terms of its its Market most of it went into stainless
Steel now nickel is used in almost every lithium battery out there and so this is a sea change in the nickel Market the nickel Market is increasing something like 60% um over a 10-year period because of this battery demand that’s huge and guess what there aren’t the new nickel
Projects and nickel mines to meet that demand so that’s the overall story for green Metals is it playing out right now is there opportunity is there profit being made by investing in green medals right now not right in this moment because right now investors are not focused on growth and green growth
Growth is a growth story and so we need to get into a position into a moment when investors are generally looking ahead and seeing growth global economic growth and are positioning for growth within that moment green growth is going to get a huge Spotlight on it because
That is how we now grow and we are missing the components to feed that growth and metals is a big part of them so that moment will come I don’t know whether it’s going to come in six months in a year in 18 months um because we
Need to get through the question that’s up in our face right now such as you know is China going to go into a recession is Europe going to go into a recession is America going to go into a recession is anybody going to manage a
Soft Landing how are we going to get out of how are we going to survive these rate height height Cycles what’s actually going to happen once we get through that question and get into a growth Paradigm I really do think that Metals will come to the four because
They’re needed for growth and there’s nowhere near enough on the energy side of the green needs story we’re already seeing one um component therein start to soar and that’s uranium so in the green energy side of things there’s lots of various opportunities out there the one that I’m focused on is uranium nuclear
Energy um and that’s because I I really understand that space and I know that it fits all of those Supply demand characteristics that I just spelled out the uranium story has been slightly different there was particular reasons why um we are very short on uranium right
Now but the bottom line is that we are very short on uranium right now so the copper story The zinc Story the nickel Story the silver story those stocks those metal prices haven’t started to move because we’re not facing shortage today people who users who need copper
Or silver can find it when they go out to buy it it’s available on the uranium side of things when users go out to buy uranium today they cannot find it or they have a they have to pay quite a premium a rising spot price to get their
Hands on uranium today uranium is leading the charge on the shortage side of things um and we are at the supply deficit now and that’s why the price of uranium has risen from whatever it is 48 bucks to 72 bucks in the last few months uh uranium stocks have absolutely
Provided leverage to that move and I don’t think we’re done because you can’t suddenly produce new uranium mines you can’t turn them on quickly even all of the companies all of the companies the half dozen companies who have been slogging away for the last five or six
Years to get uranium mines ready to produce into the supply Gap very few of them were even ready because it’s such a slow process to get a uranium mine going whichever kind of uranium mine it is so there’s no quick answer uh there is not uranium out there that um for the users
That need it and the users are nuclear utilities who will pay whatever they need to pay to get their hands on the fuel that they need for their nuclear reactors because it’s not a choice for them that’s a need um and so the new the uranium story is playing out right now
It’s taken a bit of a pause after a huge price run in these past few months I think it’s consolidating those gains I do think that there’s more upside ahead significantly more upside ahead because unless you can suddenly find a whole bunch of uranium to feed into these this
Supply Gap that exists right now prices will go higher they will also go higher because the users are scrambling to get buy pounds today but they also don’t want to continue to be in that scramble so they are signing long-term contracts and the sellers of uranium the miners
Are saying sure I’ll I’ll sign a long-term contract for you with you but you’re going to have to pay me a lot for that uranium because it is now a sell’s market so contract prices are going to go higher and higher and higher because those uranium miners they need higher
Prices so that they can pay to build a new mines that will o eventually fix this problem so all of the pieces are really in play in the uranium space for the kind of full Market that we will see in the base Metals we’re just not quite
There yet with the base Metals but we are there with uranium there that was a long answer I love it and uh uranium investors are going to be very happy to hear you say that going back to your uh nickel Story the second other company that I loved your panel was Alaska
Energy medals I was wondering if you can talk a little bit about them because I think they’re actually a really exciting Story Once you kind of get into realizing what they do and the potential there and then also if you’re since you talk so much about uranium if you want
To if you have one that you also love for that do share absolutely yeah last kind medals is a really um great story so this is a technical team that has a lot of experience in Alaska long experience um in Alaska the leader of that company and
That guy named Greg bisher came up against the opportunity to buy the Nikolai project and this is a project that he had drilled 30 years ago 40 years ago I don’t remember the number um working for a major at the time the goal was to find sort of a huge highgrade
Nickel deposit so they went up they uh they drilled a bunch of holes they did not find a huge high-grade nickel deposit but they did find a big area of lowgrade nickel mineralization now 30 years ago that was not um economically viable so they walked away
Uh fast forward 30 years Greg gets his hands on this project and now that nickel mineralization is absolutely within the very normal bounds of economic nickel deposits um and so the opportunity is really amazingly simple the work that was done previously has outlined a significant I don’t remember I don’t remember the
Length of this of the Zone I don’t remember the the dimensions off hand but they the work that was done has shown that there is consistent nickel sulfide mineralization across a long strike length I think it’s like a couple kilometers there’s been not enough Drilling to define a deposit right you
Have to have drilling enough drill holes to have confidence to to actually call it a deposit so Alaska energy Metals has go has went up there this summer and drilled enough holes in the center section of that known Zone to turn that into a deposit those assays are pending
But because the historic holes were so consistent they just kept stuffing few 200 meters few 200 meters few 200 meters and getting the same thing the team is pretty confident and that the holes that they pulled out of the ground this summer which look exactly the way that
They expected them to look will also return those same nickel grades that means that by the time these results come in they expect to be able to define a significant nickel sulfide deposit in the middle of that zone guess what they’re going to repeat the process next summer they’re just going to keep
Stepping each way along that known nickel Zone and expand the deposit even further so it’s really a lowrisk and Rapid Way of defining a large nickel sulfide deposit and there’s a few other factors here that deserve mention so it’s in Alaska but it’s in a very permittable part of Alaska with pretty
Good access so that’s important by perable I mean it’s not near any salmon bearing streams it’s it’s it’s um near Alaskan native corporations who are transactional and interested in in doing this sort of business so uh perable area of Alaska pretty good access um and nickel sulfide so let me just quickly
I’ve mentioned before we need a lot more nickel than we used to because of batteries there’s two kinds of nickel out there in the rocks of the world there’s nickel laterite and there’s nickel sulfide uh nickel laterite is um often mined in places like Indonesia it is mostly strip mining it’s soft rocks
That are near surface so you strip mine you scrape a bunch of rocks off the surface of the Earth and then you have to use a very significant amount of energy to liberate the nickel from the mineral that it is within the reason that matters is because we’re supposed to be mining
Nickel so that we can make batteries so that we can have less greenhouse gas emissions but the amount of energy that you need to to liberate nickel from nickol laterites goes exactly against that so nickel laterites are atic they’re you know they are part of the nickel picture for sure but they’re
Problematic nickel sulfide deposits you do not need to do that super energy intensive step to liberate the nickel from the mineral it depends a bit on the details of the mineral the initial studies of the nickolai project show that the the harder minerals for liberating the nickel are not dominant
The dominant minerals at Nicolai are the ones where it’s pretty easy to liberate the nickel so you have a nickel sulfide project which is the kind of project that battery makers should want to get their nickel from it looks like there’s a very clear path not very expensive
Pretty low risk to defining a very large nickel sulfide deposit in an area that looks like it could be you know reasonable um reasonably easy to permit and build a mine so and this is new this is a story that really just came together what is at the beginning of the
Year and uh hasn’t really gathered a lot of momentum yet um so yeah if you’re interested in nickel then Alaska energy Metals aemc is the ticker for that on the Venture exchange on the uranium front um I’ll give a few options and I say um I really
Think that there’s a lot of upside in uranium um for some for any mining investors who are looking for some excitement in the near term uh I think uranium is likely the thing the most reliable way to do that um with your uranium you could always just own
Something like the the the urm which is the the basket of uranium miners um that will work great that’s an easy that’s an easy choice you can also um but if you’re looking for something that’s a little bit more um pointy so a little bit higher risk but potential for higher
Reward I think the best position Story the stories that are best positioned to benefit from this uranium Market are uh two kinds one are the companies that are ready to start producing into the supply Gap and so these are the companies that have been grinding away for a bunch of
Years permitting and doing a lot of the the ones that have been doing this are ISR so the ISR mining inue recovery so this is the kind where you pump a solution down into rocks that are porous so the water can move around through the Rocks leaks out the uranium and then you
Just pump the water back up to the surface it’s Inu you don’t actually dig the rock up uh uranium is is quite amenable to that it often exists in Sandstone which means the water can move through it and there’s a b there’s a couple different companies that have been
Preparing doing all the work the well monitoring and the the flow tests and the permitting and whatnot to get ISR uranium mines in America going again the two names that I really like in that are uranium energy UE in New York and Energy Fuels efr on the venture it’s also in
America I don’t remember the American ticker right now um and and also um Encore Energy uh which is EU so those three I really like for their ability to very soon start producing into the supply Gap that is real right now and is the reason that uranium prices are rising so I think
That’s one kind of stock that will do very well in this uranium Market I think the other kind of stock that will do well are those that own really really good uranium projects and there’s not that many out there I mean NextGen which has the arrow project is certainly on
That list NextGen will get built in this uranium Market will NextGen build it or will somebody else buy it and build it I don’t know the answer to that but um both are very feasible um when real big money starts turning into uranium because the market is really working
Nextg will be one of the key stocks to which that money flows because it’s big it’s liquid um but it has that little bit of extra leverage because it’s a development project instead of being a producer so NextGen um and XE is a good one and then a cool one is
Two companies have recently decided to merge and there their combination is creating what I would call like an Uber uranium Junior so this is a uranium Junior that has a whole bunch of projects from from prediscovery but all the way through to almost ready to produce and everything in between and it
Has very good Financial backing so NextGen actually owns a bunch of iso they are investing in this merged entity there’s two other larger uranium companies that also are shareholders in this merged entity um and so it’s going to have good access to Capital that money means that it will be able to
Advance its whole portfolio of projects and that just means that any major that decides that they want to get into uranium will have to look at the new and actually I don’t remember which one it’s going to be called the com the company is a merger of Consolidated uranium and
ISO energy I at this moment can’t remember whether they’re going to end up calling it Consolidated or ISO to be honest but that merger I think is really interesting it’s still brand new um was announced a couple weeks ago that it won’t actually um happen for another two
Months they need to get shareholder approval and all of that um but I think that that is going to be a real another goto um stock when this uranium bull market really starts to uh gather momentum I wanted to talk more about you now for investors that are looking for guidance
Let’s talk about your newsletters um what you offer how they can join any of the upcoming conferences that they can listen to you at and see more of your panels where they can follow you on social media give us the whole steal a thank you for the opportunity for that
Um so resourc m.ca is my my center of operations that is where you can uh find out more about or sign up for my newsletters of course I have that Weekly Maven letter which is about what I’m buying selling and thinking in the metal and Mining space it’s more focused on
The speculative end of the space so discoveries and and the smaller cap companies in the metals and Mining space um but not exclusively I certainly also have mind Builders and a few operators in there um so that’s the maven letter at resource m.ca the letter that I co-author with Peter is Evergreen
Investing you can get to it from resource m.ca or you can go to it for from Evergreen investing.com uh that is a monthly newsletter it’s designed for lowrisk investors um so it’s it’s it’s got funds in it it’s got big companies but it is establishing exposure to those um inputs
And innovations that are going to need to you know see higher prices um as we get back into a growth environment and uh green is a big part of that growth um as for social media and whatnot I am active all over the place you can find all the links again on resource
M.ca um mining Maven Gwen on Twitter uh I’m on Instagram I’m on Tik Tok I’m on all of those um so yeah I would and as for conferences I do participate in the metals investor Forum um every time it happens the next one is coming up in November in vanc vver then there’s
Another one in January in Vancouver and one in Toronto in March uh and then I’m always you know oh and I go I’m heading down to New Orleans if anybody happens to be listening to this and feels inclined to head to New Orleans at the beginning of November there’s a great
Conference down there called the New Orleans investment conference it’s been the standard Bearer gold conference for decades um and uh it’s a great event so with with really phenomenal uh speakers I’m not talking about myself I’m talking about big names big Financial names that come down to speak at that event um so
Yes I have an events listing on my website as well uh and I’m my contact information is there so if anybody has uh questions and wants to reach out and ask me anything I would love to hear from you uh so we’ll just wrap this up
With h one more question for the day I mean obviously 2023 has been an interesting year to say the least um do you have any final words for the investors and the Juniors out there and do you got any final words for the juniors out there for the words of
Wisdom to end the year with yeah for sure right um for the investors um I’m G to be a little bit cautious on my words which are I said before November and December are rarely good months for medals especially for goals um and especially when it’s been a
Tough year so I wouldn’t get your hopes up that November and December are going to work out well um that for the investor might mean you know if you’re going to do some tax loss selling you might want to do it now rather than waiting until November
Because prices are probably going to be lower then um but there’s no harm getting out of something now and then if you really like the stock um getting back into it at the end of the year um when the tax LW selling has hammered it down even further so I guess the word
There is don’t ex don’t have high hopes for the very near term I don’t think anything very exciting is going to happen in the near term the overall setup remains phenomenal for gold and for base medal I just don’t think it’s going to play out the in the in the
Latter months of this year um so think about what that means for you in your portfolio if you’re happy to just hold that’s absolutely an option because that big picture setup is still so good um if you know that you will lose sleep if you see stocks declining further over the
Next few months then maybe do something to help you sleep at night which is maybe means exiting some positions even if they’re down put that Capital aside because then you have it to redeploy when this investment thesis does start to play out for the juniors out there it
Will get better I’m optimistic that 2024 is going to be a better year for sure um so just keep doing what you what you can do and I mean there the undervaluation out there is Extreme the sentiment is terrible uh this has to turn and it will
And when it does it’s going to be phenomenal and exciting um and uh we just have to get through the down Market Days uh down Market days together well thank you so much Gwen this was a fantastic interview and thank you for sharing all those amazing Stories and
Advice for everyone out there oh well thank you so much for having me it was a fun conversation well that does it for today’s exploring mining podcast if you’d like to be a guest or sponsor for this podcast please contact investor ideas.com investorideas.com reminds all listeners to read our disclaimers and
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