1
00:00:13,880 --> 00:00:18,080
Speaker 1: Hey, everyone, welcome to another episode of the Market Disruptors Show. Today,

2
00:00:18,120 --> 00:00:21,400
Speaker 1: I'm sitting down with Paul Mattissk. He is the CEO

3
00:00:22,079 --> 00:00:25,160
Speaker 1: of gold x, which is a gold mining company. You know,

4
00:00:25,239 --> 00:00:28,520
Speaker 1: I love to learn from experts, and he is one

5
00:00:28,520 --> 00:00:31,600
Speaker 1: of them, a gold mining legend, sold multiple companies for

6
00:00:31,960 --> 00:00:34,880
Speaker 1: over two point five billion dollars, amazing track record. I

7
00:00:34,920 --> 00:00:36,239
Speaker 1: can't wait to dig in and see what we can

8
00:00:36,320 --> 00:00:38,400
Speaker 1: learn from him. Paul, thank you so much for taking

9
00:00:38,400 --> 00:00:40,880
Speaker 1: the time to sit down with us today. Thanks Mark,

10
00:00:40,920 --> 00:00:44,440
Speaker 1: It's a pleasure. Yeah. So, Um, as I said in

11
00:00:44,440 --> 00:00:46,560
Speaker 1: the intro, and anybody that's been watching my show and

12
00:00:46,640 --> 00:00:50,479
Speaker 1: my channel knows that I believe success leaves clues, and

13
00:00:50,520 --> 00:00:52,879
Speaker 1: so I study successful people to see what clues I

14
00:00:52,880 --> 00:00:55,360
Speaker 1: can pick up and I can duplicate. And my goal

15
00:00:55,440 --> 00:00:57,200
Speaker 1: is that I can find people like you where I

16
00:00:57,200 --> 00:00:59,040
Speaker 1: can learn from and then try to share it back

17
00:00:59,080 --> 00:01:01,680
Speaker 1: with the audience. So I appreciate that. Um. Of course,

18
00:01:01,720 --> 00:01:03,360
Speaker 1: I've been doing research into you, which is why I

19
00:01:03,360 --> 00:01:06,000
Speaker 1: invited you on the show. But for people that don't know,

20
00:01:06,520 --> 00:01:08,320
Speaker 1: give us a background. I mean, I said, you sold

21
00:01:08,360 --> 00:01:09,920
Speaker 1: five companies. Give us a little bit background on what

22
00:01:10,000 --> 00:01:13,680
Speaker 1: you've been doing and what you're doing right now. Okay, Well,

23
00:01:14,520 --> 00:01:17,399
Speaker 1: I'm a jaw just by training many many moons ago.

24
00:01:17,520 --> 00:01:21,840
Speaker 1: But I'm like a serial entrepreneur. I love the challenges

25
00:01:22,040 --> 00:01:27,120
Speaker 1: of of creating shareholder wealth and and uh I've been

26
00:01:27,360 --> 00:01:32,520
Speaker 1: blessed it to be able to sell five companies over

27
00:01:32,560 --> 00:01:36,200
Speaker 1: the span from two thousand and seven to today. And

28
00:01:36,440 --> 00:01:41,640
Speaker 1: uh it's very simple formula that I I've used to

29
00:01:41,720 --> 00:01:46,319
Speaker 1: do this. I've done it in uh four different commodities.

30
00:01:47,800 --> 00:01:51,480
Speaker 1: I've done it in uranium, I've done it in potash,

31
00:01:51,840 --> 00:01:53,800
Speaker 1: I've done it in lithium twice, and I've done it

32
00:01:53,840 --> 00:01:58,480
Speaker 1: in gold. And uh so the formula really is is

33
00:01:58,560 --> 00:02:01,760
Speaker 1: to uh. I'd been really good at picking a cycle,

34
00:02:02,120 --> 00:02:08,120
Speaker 1: looking at where I think a metal market might uh grow.

35
00:02:08,360 --> 00:02:11,520
Speaker 1: Like so, for instance, uranium, which is one of my

36
00:02:11,560 --> 00:02:15,560
Speaker 1: first forays in two thousand and seven, where the price

37
00:02:15,800 --> 00:02:20,359
Speaker 1: ranium was ten dollars a pound. And so I had

38
00:02:20,400 --> 00:02:23,520
Speaker 1: a belief through readings and do what what you do?

39
00:02:23,639 --> 00:02:30,000
Speaker 1: Read the newspapers here, say, Oprah wherever, and I thought,

40
00:02:30,040 --> 00:02:32,960
Speaker 1: now you know, I think uranium is not a sunset industry.

41
00:02:33,120 --> 00:02:35,320
Speaker 1: I think it's gonna go at least a fifty dollars,

42
00:02:35,919 --> 00:02:39,239
Speaker 1: and I need a plan on how I um to

43
00:02:39,400 --> 00:02:42,600
Speaker 1: make money at that being a geologist running cut mining companies,

44
00:02:42,639 --> 00:02:46,160
Speaker 1: and you know, you know sometimes people say, well, want

45
00:02:46,160 --> 00:02:49,480
Speaker 1: to just buy the physical like buy uranium, and that

46
00:02:49,520 --> 00:02:52,160
Speaker 1: could make me money. And I thought, well, that's one

47
00:02:52,200 --> 00:02:54,560
Speaker 1: way of doing it. But I thought, you know, where

48
00:02:54,560 --> 00:02:56,519
Speaker 1: do you need the most ranium in the world? Mess

49
00:02:56,600 --> 00:02:59,520
Speaker 1: United States of America. So I said, I need a

50
00:02:59,560 --> 00:03:03,720
Speaker 1: plan to become the largest owner of uranium resources in

51
00:03:03,760 --> 00:03:06,880
Speaker 1: the US. And this is the time when everybody thought

52
00:03:06,919 --> 00:03:08,960
Speaker 1: it would be a sunset industry. Was this back in

53
00:03:08,960 --> 00:03:11,519
Speaker 1: two thousand seven? This is in two thousand and seven.

54
00:03:11,720 --> 00:03:16,720
Speaker 1: So I accumulated and that was my partner was another

55
00:03:16,960 --> 00:03:21,880
Speaker 1: great guy called Bill Sheriff. Accumulated and became the largest

56
00:03:22,880 --> 00:03:26,760
Speaker 1: resource holder of uranium the United States between two thousand

57
00:03:26,960 --> 00:03:29,880
Speaker 1: and seven and two thousand and nine. I did it

58
00:03:29,919 --> 00:03:33,959
Speaker 1: by through just claims taking. I did by taking over

59
00:03:34,040 --> 00:03:37,840
Speaker 1: three companies in the space of one year. Uh and

60
00:03:38,400 --> 00:03:40,960
Speaker 1: the price urania. And then I built a team around

61
00:03:41,040 --> 00:03:43,440
Speaker 1: it and I found some you know, I went from

62
00:03:43,480 --> 00:03:46,520
Speaker 1: four people to two hundred. I hired the best people

63
00:03:46,560 --> 00:03:50,560
Speaker 1: in the in the industry, and through a series of events,

64
00:03:50,680 --> 00:03:55,280
Speaker 1: Uranium cup going from ten dollars to fifteen to twenty

65
00:03:55,360 --> 00:03:59,120
Speaker 1: five to fifty and my stock went from having a

66
00:03:59,680 --> 00:04:03,520
Speaker 1: market cap of five million to ten million, to fifty million,

67
00:04:03,560 --> 00:04:05,880
Speaker 1: to a hundred million to four hundred million. I was

68
00:04:05,920 --> 00:04:12,520
Speaker 1: the fastest growing company in Canada. And then uh I

69
00:04:12,560 --> 00:04:14,640
Speaker 1: decided going to New York. Stock has changed. The first

70
00:04:14,720 --> 00:04:16,680
Speaker 1: year one of the first uranium companies the United stock

71
00:04:16,760 --> 00:04:21,039
Speaker 1: is change, and uh the stock went up to eighteen

72
00:04:21,080 --> 00:04:25,279
Speaker 1: dollars came. That was from starting at ten cents. And

73
00:04:25,360 --> 00:04:29,400
Speaker 1: that was in the space of three years. And uh

74
00:04:29,960 --> 00:04:31,520
Speaker 1: so we were on the stocks change. But I had

75
00:04:31,520 --> 00:04:35,760
Speaker 1: a feeling that Uranium had reached his highest summit. It

76
00:04:35,880 --> 00:04:39,840
Speaker 1: was over a hundred and ten dollars, okay, And uh

77
00:04:40,040 --> 00:04:42,440
Speaker 1: I thought it was you know, I had some assets

78
00:04:42,480 --> 00:04:45,920
Speaker 1: that we're going into production, but I thought I'd serve

79
00:04:46,080 --> 00:04:50,960
Speaker 1: my shareholders better if I sold. So I sold to

80
00:04:51,240 --> 00:04:54,680
Speaker 1: a company called the Uranium One. It was for one

81
00:04:54,680 --> 00:04:58,000
Speaker 1: point eight billion dollars. Okay. Of course, anybody who knows

82
00:04:58,000 --> 00:05:01,000
Speaker 1: about uranium has heard of that company. Yes, so, of

83
00:05:01,040 --> 00:05:04,120
Speaker 1: course exactly, so I sold it to them, and and

84
00:05:04,320 --> 00:05:07,039
Speaker 1: uh so that's what started. Mean it was, you know,

85
00:05:07,040 --> 00:05:09,800
Speaker 1: it was de risking, it was doing feasibilities days, all

86
00:05:09,839 --> 00:05:14,920
Speaker 1: the things that miners do. Uh. And then I follow

87
00:05:15,000 --> 00:05:19,279
Speaker 1: that up with a very similar story. Uh potash. Potash

88
00:05:19,440 --> 00:05:25,760
Speaker 1: was a hot thing. Uh. Fertilizer mostly used for fertilizer.

89
00:05:27,000 --> 00:05:31,000
Speaker 1: Your lovely wife buys, uh, you know, for has for elizer.

90
00:05:31,040 --> 00:05:36,279
Speaker 1: Bags has three numbers ten ten ten, and it's potassium

91
00:05:36,480 --> 00:05:41,760
Speaker 1: phosphate and nitrogen K and uh so one of them

92
00:05:41,800 --> 00:05:45,719
Speaker 1: is potash. And potash makes things grow tall, strengthens things

93
00:05:45,720 --> 00:05:49,159
Speaker 1: that grow tall, like great for corn, good for wine.

94
00:05:49,360 --> 00:05:52,520
Speaker 1: So so I thought cheese. You know, potash was training

95
00:05:52,560 --> 00:05:57,320
Speaker 1: a hundred dollars a ton, and I thought, jeez, you know,

96
00:05:57,320 --> 00:05:59,480
Speaker 1: I think it's gonna go higher. And so I did

97
00:05:59,520 --> 00:06:01,960
Speaker 1: the same thing. I actually this time I discovered something.

98
00:06:02,000 --> 00:06:06,880
Speaker 1: I went through the the Saudi Arabia of of of Potash,

99
00:06:06,880 --> 00:06:11,359
Speaker 1: which is in Saskatchewan, lovely place, great people, and I

100
00:06:11,640 --> 00:06:15,000
Speaker 1: drill seven holes and I found a huge resource. And

101
00:06:15,120 --> 00:06:20,160
Speaker 1: I I parlayed all of that and and it's the

102
00:06:20,200 --> 00:06:22,080
Speaker 1: first time I met Robert Friedland. He asked me if

103
00:06:22,080 --> 00:06:25,520
Speaker 1: he could come on board, uh and to help me

104
00:06:26,400 --> 00:06:32,480
Speaker 1: monetize that asset. And because putting potash deposited into production

105
00:06:32,560 --> 00:06:37,120
Speaker 1: are billions and billions of dollars. Okay. So so within

106
00:06:37,160 --> 00:06:40,640
Speaker 1: the space of three years, I had drilled, got a

107
00:06:40,680 --> 00:06:45,599
Speaker 1: pre feasibility study, a feasibility study, and a permit. And

108
00:06:45,920 --> 00:06:49,039
Speaker 1: you know, I needed I think two billion dollars to

109
00:06:49,040 --> 00:06:53,640
Speaker 1: put this production. So with the help of of Robert

110
00:06:54,120 --> 00:06:58,080
Speaker 1: and myself, we managed to find a buyer. That's after

111
00:06:58,120 --> 00:07:00,600
Speaker 1: talking to the Chinese and talking to real team, to

112
00:07:00,800 --> 00:07:03,640
Speaker 1: munch of companies, to a company called K plus S

113
00:07:04,240 --> 00:07:08,400
Speaker 1: and they paid paid Potash one shareholders four thirty four

114
00:07:08,440 --> 00:07:13,440
Speaker 1: million dollars cash and they subsequently spent over three billion

115
00:07:13,520 --> 00:07:17,160
Speaker 1: dollars to put that in production. So that was called

116
00:07:17,200 --> 00:07:20,120
Speaker 1: the I called the Legacy Project. They changed it to

117
00:07:20,160 --> 00:07:23,840
Speaker 1: the Bethune Project. So that again was in the space

118
00:07:23,920 --> 00:07:28,120
Speaker 1: of three years from concept to sale, and a mind

119
00:07:28,560 --> 00:07:32,480
Speaker 1: four years later. So I repeated that again I could

120
00:07:32,480 --> 00:07:34,400
Speaker 1: just do one more quick. When I did, the company

121
00:07:34,440 --> 00:07:38,400
Speaker 1: called Lithium one, and I had a census back in

122
00:07:38,440 --> 00:07:42,400
Speaker 1: two thousand twelve that lithium environed the e V cars

123
00:07:42,440 --> 00:07:46,320
Speaker 1: will become a big thing, okay, and so this and

124
00:07:46,360 --> 00:07:49,360
Speaker 1: so I thought, you know that that the world is

125
00:07:49,360 --> 00:07:55,040
Speaker 1: going to go electric by through lithium, and so I thought, geez,

126
00:07:55,120 --> 00:07:57,400
Speaker 1: you know, I need to find a lithium deposits. So

127
00:07:57,440 --> 00:08:01,440
Speaker 1: there's another company that was five nts, and so I

128
00:08:01,480 --> 00:08:05,240
Speaker 1: headed down to Argentina, that is the Saudi Arabia. There's

129
00:08:05,280 --> 00:08:09,800
Speaker 1: a of lithium and uh, I staked besides some other

130
00:08:10,240 --> 00:08:13,840
Speaker 1: another mine and I got a really good salar and

131
00:08:14,000 --> 00:08:18,600
Speaker 1: uh the same thing. I spent two or three years,

132
00:08:18,600 --> 00:08:22,200
Speaker 1: it's staking figuring out how to actually categorize with him

133
00:08:22,240 --> 00:08:25,280
Speaker 1: deposits and sold it to a company called Galaxy Resources

134
00:08:25,360 --> 00:08:28,560
Speaker 1: for a hundred and twelve million dollars. And I think

135
00:08:28,600 --> 00:08:31,200
Speaker 1: I sold that one a little too early because Galaxy

136
00:08:31,240 --> 00:08:36,240
Speaker 1: took that asset and another and made it a billion dollars.

137
00:08:36,520 --> 00:08:39,160
Speaker 1: We always say that you never go wrong taking a profit, right,

138
00:08:39,200 --> 00:08:43,920
Speaker 1: so you never do and uh and then subsequently they've

139
00:08:43,960 --> 00:08:45,800
Speaker 1: sold just half of the asset that I had in

140
00:08:45,920 --> 00:08:50,640
Speaker 1: Argentina to Postco for three and and fifty US million

141
00:08:50,679 --> 00:08:55,640
Speaker 1: dollars just recently. So so that's the pattern of finding

142
00:08:56,040 --> 00:09:00,000
Speaker 1: finding a trend the cycle finding and finding a large

143
00:09:00,040 --> 00:09:03,360
Speaker 1: acid if you can, or making a large asset, de

144
00:09:03,520 --> 00:09:06,839
Speaker 1: risking it and then deciding to monetize it if you

145
00:09:06,920 --> 00:09:10,160
Speaker 1: think that the the commodity is going to be strong,

146
00:09:10,280 --> 00:09:12,960
Speaker 1: then I would build. If if you think that, you

147
00:09:13,000 --> 00:09:15,679
Speaker 1: know it's at the top of its cycle, then obviously

148
00:09:15,679 --> 00:09:19,319
Speaker 1: you would like to sell. So in many cases I've

149
00:09:19,480 --> 00:09:23,160
Speaker 1: been lucky enough to exit when the cycleactory and like,

150
00:09:23,200 --> 00:09:26,160
Speaker 1: look at uranium, you know, after I think the day

151
00:09:26,200 --> 00:09:28,280
Speaker 1: after I sold energy metal as the price of ranium

152
00:09:28,360 --> 00:09:31,439
Speaker 1: from hundred dollars to I think it's thirty dollars today

153
00:09:31,480 --> 00:09:38,600
Speaker 1: and hasn't recovered. That was okay, but now you're now

154
00:09:38,720 --> 00:09:41,320
Speaker 1: you've picked up on a new cycle and you're doing

155
00:09:41,360 --> 00:09:44,000
Speaker 1: the same repeatable pattern, but on a new cycle now.

156
00:09:45,280 --> 00:09:48,000
Speaker 1: So I thought gold on that. Yeah, so gold for

157
00:09:48,120 --> 00:09:52,840
Speaker 1: a variety of reasons. Um, you know that it's a

158
00:09:52,960 --> 00:09:58,160
Speaker 1: very attractive commodity. You know, we're hyper inflation, you know

159
00:09:58,679 --> 00:10:02,280
Speaker 1: Trump and everybody's is pouring out U S dollars like

160
00:10:02,440 --> 00:10:05,480
Speaker 1: it's going out of style. So it's a great asset

161
00:10:05,840 --> 00:10:09,120
Speaker 1: for that. And I thought, jeez, you know if I

162
00:10:09,120 --> 00:10:11,280
Speaker 1: think I started looking at gold, gold next to the

163
00:10:11,320 --> 00:10:16,560
Speaker 1: price of goal and uh, and I thought, and I

164
00:10:16,559 --> 00:10:20,840
Speaker 1: can go through this company. It was called Sandspring Resources

165
00:10:20,920 --> 00:10:26,880
Speaker 1: at the time, was misunderstood forlorn not loved, and yet

166
00:10:26,880 --> 00:10:29,640
Speaker 1: it had a seven point three five million ounced deposit

167
00:10:30,200 --> 00:10:33,280
Speaker 1: and over a hundred and fifty million dollars spent on it.

168
00:10:34,280 --> 00:10:37,200
Speaker 1: And I thought, this is perfect. I need like a

169
00:10:37,280 --> 00:10:39,400
Speaker 1: large And I thought, if you know, obviously, if you're

170
00:10:40,320 --> 00:10:44,800
Speaker 1: if you're trying to get leverage on the gold price

171
00:10:44,840 --> 00:10:47,360
Speaker 1: as an increasing gold price, you want a big asset

172
00:10:47,840 --> 00:10:50,120
Speaker 1: because all of the price of goal goes up, you

173
00:10:50,120 --> 00:10:53,960
Speaker 1: have seven million factors that go up with it, and

174
00:10:54,080 --> 00:10:57,840
Speaker 1: so and so I uh. In September, I became an

175
00:10:57,880 --> 00:11:00,880
Speaker 1: advisor for the group, and I said, you know, I've

176
00:11:00,920 --> 00:11:02,520
Speaker 1: got a plan. I got a plan how we can

177
00:11:02,559 --> 00:11:06,479
Speaker 1: take there's more abund company that that barely trades and

178
00:11:06,480 --> 00:11:09,440
Speaker 1: and has a great asset and turn it into something.

179
00:11:10,320 --> 00:11:14,240
Speaker 1: And so I did simple, simple things and I rebranded

180
00:11:14,480 --> 00:11:18,040
Speaker 1: to Excess. Most of my companies are either excess or ones.

181
00:11:19,520 --> 00:11:23,560
Speaker 1: So it became gold x Mining. I uh didn't split

182
00:11:23,640 --> 00:11:28,840
Speaker 1: the stock, but I consolidated stock eight to one. So

183
00:11:28,360 --> 00:11:30,680
Speaker 1: uh so that wasn't a penny stock anymore, and people

184
00:11:30,679 --> 00:11:33,160
Speaker 1: didn't have a penny thought idea in it. And I

185
00:11:33,280 --> 00:11:36,120
Speaker 1: raised twenty million dollars and to venture to buy out

186
00:11:36,160 --> 00:11:39,760
Speaker 1: a local partners, so secure a hundred percent ownership of

187
00:11:39,840 --> 00:11:44,439
Speaker 1: the asset and then uh, and then I took over.

188
00:11:45,440 --> 00:11:49,240
Speaker 1: I became officially uh the whist those were done, and

189
00:11:49,240 --> 00:11:51,920
Speaker 1: I knew we had the ascally became the CEO in

190
00:11:52,080 --> 00:11:54,920
Speaker 1: April one of this year, and our stock but at

191
00:11:54,960 --> 00:11:58,320
Speaker 1: that time was training at a dollar this year, okay,

192
00:11:58,840 --> 00:12:00,720
Speaker 1: and I that's where I made my placement into the

193
00:12:00,720 --> 00:12:05,520
Speaker 1: company and I made a commitment there. Uh So, and

194
00:12:05,520 --> 00:12:08,360
Speaker 1: then I started trying to I did a little hundreds

195
00:12:08,360 --> 00:12:11,760
Speaker 1: and hundreds of zoom calls and trying to get at

196
00:12:11,840 --> 00:12:15,839
Speaker 1: people understand what they you know, the misunderstanding is about

197
00:12:15,840 --> 00:12:20,080
Speaker 1: this asset. And I'm always you know, opportunistic. In just Egypt,

198
00:12:20,480 --> 00:12:23,360
Speaker 1: there was a company fifty KOs down the road called

199
00:12:23,640 --> 00:12:29,120
Speaker 1: Guyana Goldfields and it was running into trouble and uh,

200
00:12:29,880 --> 00:12:34,280
Speaker 1: they had exhausted their reason their surface resources. They had

201
00:12:34,280 --> 00:12:38,480
Speaker 1: this big mill that could accommodate sevent tons per dight

202
00:12:39,160 --> 00:12:43,359
Speaker 1: and now they're trying to develop a mind tons a day.

203
00:12:43,640 --> 00:12:47,680
Speaker 1: And so I, with my largest shareholder, made a bid

204
00:12:47,760 --> 00:12:52,600
Speaker 1: for that for the access to their they're meant for

205
00:12:52,640 --> 00:12:55,800
Speaker 1: the resources, but for the production for their milk, because

206
00:12:55,800 --> 00:13:00,600
Speaker 1: it would have huge, huge, huge impact on the topics

207
00:13:00,679 --> 00:13:06,360
Speaker 1: of our company. Uh, unfortunately I was not successful. Someone

208
00:13:06,480 --> 00:13:11,960
Speaker 1: outbid me by threefold to gin very astute group, Chinese

209
00:13:11,960 --> 00:13:17,240
Speaker 1: group who who bought up for a dollar eighty. And

210
00:13:17,400 --> 00:13:19,400
Speaker 1: it's good to have a big company like that, but

211
00:13:19,760 --> 00:13:23,960
Speaker 1: you know, we're still fifty kilometers away and that synergy

212
00:13:24,040 --> 00:13:27,080
Speaker 1: that we can work with. So now you're the CEO

213
00:13:27,240 --> 00:13:30,080
Speaker 1: of gold X Mining and that's that's kind of what

214
00:13:30,120 --> 00:13:34,880
Speaker 1: you're doing. UM. Yeah, so that's good. UM. You know

215
00:13:35,040 --> 00:13:39,040
Speaker 1: you mentioned that you have a simple formula, and what

216
00:13:39,160 --> 00:13:43,000
Speaker 1: I like about this is that you've proven it's repeatable.

217
00:13:43,120 --> 00:13:45,120
Speaker 1: So I mean you've done it in uranium, you did

218
00:13:45,280 --> 00:13:48,200
Speaker 1: in potash, you did in lithium, and now you're turning

219
00:13:48,280 --> 00:13:51,520
Speaker 1: at the gold now. UM, for everybody that's listening, make

220
00:13:51,559 --> 00:13:53,800
Speaker 1: sure you stick around because at the end, I'm gonna

221
00:13:53,840 --> 00:13:57,120
Speaker 1: make sure we nail Paul down for that three step

222
00:13:57,160 --> 00:13:58,679
Speaker 1: formula so we can try to figure out how we

223
00:13:58,720 --> 00:14:00,960
Speaker 1: can apply that to our own investments. UM. So we'll

224
00:14:01,040 --> 00:14:02,880
Speaker 1: we'll really we'll circle back to that before the ends

225
00:14:02,920 --> 00:14:04,920
Speaker 1: to make sure you stick around. But what I want

226
00:14:04,960 --> 00:14:08,120
Speaker 1: to dig into a little bit here is, UM, I'm

227
00:14:08,160 --> 00:14:10,679
Speaker 1: obviously really into gold. I talked about it on my

228
00:14:10,760 --> 00:14:13,480
Speaker 1: channel all the time. Um, I I'm buying lots of

229
00:14:13,559 --> 00:14:16,480
Speaker 1: gold miners, junior miners, so I can get that leverage um.

230
00:14:16,520 --> 00:14:18,640
Speaker 1: And you know when I'm buying stock, I'm an owner

231
00:14:18,640 --> 00:14:22,440
Speaker 1: of a company obviously a very very tiny minority, but

232
00:14:22,600 --> 00:14:24,360
Speaker 1: I still like to look at it the same way.

233
00:14:24,400 --> 00:14:27,680
Speaker 1: We get massive leverage, um, just like someone that owns

234
00:14:27,680 --> 00:14:28,760
Speaker 1: a lot of shares to do we can do it

235
00:14:28,800 --> 00:14:31,600
Speaker 1: on a little bit. So I'm curious how you um

236
00:14:31,760 --> 00:14:36,440
Speaker 1: think through mining gold mining, specifically how you value it,

237
00:14:36,600 --> 00:14:39,120
Speaker 1: so I can learn to do the same. And I

238
00:14:39,160 --> 00:14:42,400
Speaker 1: know there's, um, you know, two big categories of it, right.

239
00:14:42,440 --> 00:14:43,880
Speaker 1: You have kind of like the majors and then you

240
00:14:43,920 --> 00:14:47,840
Speaker 1: have the miners. And it seems like the juniors are

241
00:14:47,840 --> 00:14:49,920
Speaker 1: are The juniors are the ones that are kind of

242
00:14:49,920 --> 00:14:52,800
Speaker 1: like exploring and finding it and their real path is

243
00:14:52,840 --> 00:14:56,040
Speaker 1: like acquisitions at some point, and the majors are the

244
00:14:56,040 --> 00:14:58,080
Speaker 1: ones that are kind of putting out the massive gold.

245
00:14:58,160 --> 00:14:59,320
Speaker 1: Is that is that how that works? Do I have

246
00:14:59,360 --> 00:15:03,880
Speaker 1: that right? Generally? Generally? Uh, there's actually three times I

247
00:15:03,960 --> 00:15:08,080
Speaker 1: come explore code companies. Okay, those are those high risk

248
00:15:08,160 --> 00:15:11,840
Speaker 1: people's gelages with maps and dreams, Okay, And there are

249
00:15:11,840 --> 00:15:15,920
Speaker 1: a central part of the of the of the ecosystem. Okay.

250
00:15:16,080 --> 00:15:19,640
Speaker 1: They're the ones where you know, like a Chuck fifty

251
00:15:19,680 --> 00:15:22,880
Speaker 1: who found the first diamond mine for Canada. Okay, you

252
00:15:23,040 --> 00:15:25,280
Speaker 1: listen to me, I think, I guy must be on drugs.

253
00:15:25,600 --> 00:15:29,800
Speaker 1: But that man had single handedly made Canada the number

254
00:15:29,840 --> 00:15:33,360
Speaker 1: one producer of diamonds because he had a dream. And

255
00:15:33,480 --> 00:15:35,760
Speaker 1: you know, you could have invested with him at fifty

256
00:15:35,840 --> 00:15:40,440
Speaker 1: cents and now that's worth a thousand dollars that Okay,

257
00:15:40,520 --> 00:15:44,120
Speaker 1: So but those are rare events, Okay, those the law

258
00:15:44,160 --> 00:15:48,360
Speaker 1: of probability works against. Yet for every hundred explorer code

259
00:15:48,400 --> 00:15:52,920
Speaker 1: out there, and maybe one moves on to something that's significant, okay.

260
00:15:53,160 --> 00:15:56,520
Speaker 1: And then there's developed codes like myself. They they have

261
00:15:56,640 --> 00:16:00,600
Speaker 1: gone through the expiration phase. They found something, Okay, but

262
00:16:01,200 --> 00:16:04,280
Speaker 1: they're not trading. Let's say if we put like, ah,

263
00:16:04,800 --> 00:16:09,680
Speaker 1: if mining companies that you know that like a new Mont, Okay,

264
00:16:09,720 --> 00:16:14,800
Speaker 1: they trade at let's say like they react to the

265
00:16:14,880 --> 00:16:17,840
Speaker 1: price of goal because they've got mine. So the price

266
00:16:17,880 --> 00:16:20,480
Speaker 1: of gold goes up, their profits go up. You can

267
00:16:20,520 --> 00:16:22,360
Speaker 1: tag them and you can look at their price and

268
00:16:22,480 --> 00:16:25,160
Speaker 1: ab and and decide, well, Jesus is this is the

269
00:16:25,160 --> 00:16:28,120
Speaker 1: well run company and if gold goes up, they're gonna

270
00:16:28,160 --> 00:16:32,160
Speaker 1: go up. Okay, but there's not much leverage as being

271
00:16:32,200 --> 00:16:34,600
Speaker 1: an explorerle there's lots of risk, but if they hit,

272
00:16:34,680 --> 00:16:36,800
Speaker 1: you make a lot of money. The next level of

273
00:16:36,920 --> 00:16:41,040
Speaker 1: risk is like a developed co company like myself. Okay,

274
00:16:41,080 --> 00:16:44,840
Speaker 1: so we have seven point five million ounces, okay, but

275
00:16:45,320 --> 00:16:47,880
Speaker 1: we need to we need to find the money to

276
00:16:47,960 --> 00:16:51,240
Speaker 1: develop it. You know, there's so there's little hair that

277
00:16:51,320 --> 00:16:54,840
Speaker 1: you need to clean Okay, So either you you you

278
00:16:55,280 --> 00:16:58,320
Speaker 1: clean all that up and then you become very attractive

279
00:16:58,360 --> 00:17:01,360
Speaker 1: to like a Newmont or to a Barrack or to

280
00:17:01,520 --> 00:17:06,639
Speaker 1: a gen Okay. So so that's kind of what I do.

281
00:17:06,760 --> 00:17:08,959
Speaker 1: I look at what the hair is. Why isn't it

282
00:17:09,240 --> 00:17:13,760
Speaker 1: that uh and developed coach will will trade at point

283
00:17:13,840 --> 00:17:17,520
Speaker 1: to five point three of what they should have if

284
00:17:17,520 --> 00:17:21,840
Speaker 1: they were a big major mining companies. If I told

285
00:17:21,880 --> 00:17:25,560
Speaker 1: you most of the companies called net asset value that

286
00:17:25,680 --> 00:17:29,119
Speaker 1: I sold, I sold between point four and point five.

287
00:17:29,200 --> 00:17:33,640
Speaker 1: Are there net net asset value right now? Gold extras

288
00:17:33,640 --> 00:17:38,280
Speaker 1: training at point one eight? Okay, So there's a lot

289
00:17:38,320 --> 00:17:42,879
Speaker 1: of scope there that I So I am either underperforming,

290
00:17:42,920 --> 00:17:45,320
Speaker 1: you know, there's an undervalue or there's more value to

291
00:17:45,359 --> 00:17:48,480
Speaker 1: be created. Yeah. I love that point. I love that

292
00:17:48,560 --> 00:17:51,160
Speaker 1: point because it rings true. And it's what I always

293
00:17:51,160 --> 00:17:52,960
Speaker 1: talk about on my channel, right, trying to find that

294
00:17:53,160 --> 00:17:56,400
Speaker 1: undervalued asset as you talk about the hair, right, something

295
00:17:56,440 --> 00:17:58,040
Speaker 1: you can clean off. I spent the first ten years

296
00:17:58,080 --> 00:18:01,240
Speaker 1: of my investing career just in realistic eight um and

297
00:18:01,359 --> 00:18:03,560
Speaker 1: the same thing, Right, what's wrong with this piece of

298
00:18:03,560 --> 00:18:05,640
Speaker 1: real estate? What can I do to fix it up? Right?

299
00:18:06,080 --> 00:18:08,200
Speaker 1: And Uh, I look at all things like that, and

300
00:18:08,040 --> 00:18:10,199
Speaker 1: and I think as investors we should always do that.

301
00:18:10,280 --> 00:18:12,960
Speaker 1: So I love to hear that, um, that approach. So

302
00:18:13,240 --> 00:18:15,600
Speaker 1: it's uh, the the explorers have the ton of risk

303
00:18:15,680 --> 00:18:18,160
Speaker 1: because chance of them finding is very is very low.

304
00:18:18,560 --> 00:18:20,760
Speaker 1: For you, the risk is a lot less because you

305
00:18:20,800 --> 00:18:23,240
Speaker 1: have the asset. But the question is can you improve

306
00:18:23,280 --> 00:18:25,680
Speaker 1: it to the point that needs to be done? Um? Yeah,

307
00:18:25,720 --> 00:18:28,159
Speaker 1: it makes perfect sense. I like that. Yeah. And you

308
00:18:28,200 --> 00:18:31,639
Speaker 1: can see that from from September or from when I

309
00:18:31,680 --> 00:18:35,200
Speaker 1: started April. One dollar when it was a dollar today

310
00:18:35,200 --> 00:18:40,080
Speaker 1: closed at four dollars four times. You're your return in

311
00:18:40,160 --> 00:18:43,600
Speaker 1: less than four months. Wow. I like those types of returns.

312
00:18:43,640 --> 00:18:46,040
Speaker 1: So and that you know and and so that's not me.

313
00:18:46,119 --> 00:18:48,880
Speaker 1: I've got great capable people that that work with me.

314
00:18:49,280 --> 00:18:51,359
Speaker 1: And so those are a series of steps, you know,

315
00:18:51,440 --> 00:18:54,720
Speaker 1: and and from some gold minings like that are developed

316
00:18:54,720 --> 00:18:57,840
Speaker 1: clos It may be a metallurgical issue, they're getting better recoveries.

317
00:18:58,280 --> 00:19:01,239
Speaker 1: Some may be jurisdictional, they've got a permit where they

318
00:19:01,240 --> 00:19:04,720
Speaker 1: could never get a permit. Okay, uh. Some are that

319
00:19:04,760 --> 00:19:08,160
Speaker 1: they've got a better mining method. So you look at

320
00:19:08,160 --> 00:19:11,400
Speaker 1: each individual story and you say, where is where? How

321
00:19:11,400 --> 00:19:14,840
Speaker 1: do we unlock the value? Right? He called me anything.

322
00:19:14,920 --> 00:19:18,000
Speaker 1: I'm an unlocker of shareholder value. Yeah. I love that

323
00:19:18,400 --> 00:19:21,760
Speaker 1: I can find something to go here and they're not

324
00:19:21,840 --> 00:19:25,960
Speaker 1: like you know, brain science is something you diligent work,

325
00:19:26,359 --> 00:19:29,760
Speaker 1: go through the process. Okay, what is an analysis of variance?

326
00:19:30,200 --> 00:19:33,040
Speaker 1: What is the key feature that I need to fix

327
00:19:33,280 --> 00:19:38,439
Speaker 1: to unlock that value? Yeah? You know that? So you know,

328
00:19:38,600 --> 00:19:40,400
Speaker 1: in uh, in real estate, like I said, I spent

329
00:19:40,400 --> 00:19:41,960
Speaker 1: the first ten years doing that, and I could tell

330
00:19:42,000 --> 00:19:44,280
Speaker 1: you all the ways that you can do that. Um.

331
00:19:44,359 --> 00:19:47,200
Speaker 1: I've been investing in gold for about a decade now,

332
00:19:47,359 --> 00:19:49,920
Speaker 1: and UM I constantly talk on this channel about ways

333
00:19:49,960 --> 00:19:52,520
Speaker 1: that I look for undervalued assets and gold mining. But

334
00:19:52,720 --> 00:19:56,200
Speaker 1: I would certainly love to hear if you had any ideas. Um,

335
00:19:56,359 --> 00:19:59,320
Speaker 1: you know, I guess the first thing is I know

336
00:19:59,359 --> 00:20:02,600
Speaker 1: I look for like is the asset good? Um? And

337
00:20:02,720 --> 00:20:06,000
Speaker 1: is it being missed? Priced some way? Um? Right? And

338
00:20:06,119 --> 00:20:08,160
Speaker 1: something that you can fix like you mentioned like permits

339
00:20:08,280 --> 00:20:11,960
Speaker 1: or something like that. Yeah. So so in our case,

340
00:20:12,440 --> 00:20:15,879
Speaker 1: there was a drag on the stock because like the

341
00:20:15,920 --> 00:20:20,760
Speaker 1: company prior to me managing it, we didn't own they

342
00:20:20,840 --> 00:20:25,119
Speaker 1: we didn't own the property. Okay, we we had an

343
00:20:25,200 --> 00:20:30,040
Speaker 1: option to purchase. So that's a level of risk because

344
00:20:30,640 --> 00:20:34,879
Speaker 1: so we we managed to raise twenty million dollars to

345
00:20:35,040 --> 00:20:38,240
Speaker 1: buy out the original you know, the guys that originally

346
00:20:38,240 --> 00:20:40,720
Speaker 1: owned the property, and they're out, so we don't have

347
00:20:40,720 --> 00:20:43,679
Speaker 1: to deal with that drama. Okay, Now we own it,

348
00:20:43,720 --> 00:20:45,919
Speaker 1: and I did through a convertible de been sure. So

349
00:20:45,960 --> 00:20:48,880
Speaker 1: here's where here's where it even gets better. So when

350
00:20:48,920 --> 00:20:51,480
Speaker 1: we had a convertial debenture, we're training in a dollar.

351
00:20:51,800 --> 00:20:56,320
Speaker 1: We priced it a three twenty that we could buy

352
00:20:56,359 --> 00:20:58,520
Speaker 1: you out. We can give you our share at three

353
00:20:58,600 --> 00:21:02,520
Speaker 1: twenty or give you hash. Okay, So three weeks ago

354
00:21:02,720 --> 00:21:06,480
Speaker 1: our stock past blew by three twenty. Now it's like three.

355
00:21:07,760 --> 00:21:10,040
Speaker 1: So I phoned up the de bench. You're olders and

356
00:21:10,119 --> 00:21:12,840
Speaker 1: say do you want the cash because I think we

357
00:21:12,920 --> 00:21:17,200
Speaker 1: can finance it, or do you want the paper? Everybody

358
00:21:17,600 --> 00:21:24,000
Speaker 1: took the paper. So now there's no debt in this company. Right,

359
00:21:24,600 --> 00:21:27,040
Speaker 1: We've got happy shareholders. Were training at four dollars, they

360
00:21:27,080 --> 00:21:30,359
Speaker 1: can sell their shares at three twenty, so they've made money.

361
00:21:30,520 --> 00:21:33,440
Speaker 1: They and I saved the company with a convertible deventure.

362
00:21:33,960 --> 00:21:36,639
Speaker 1: There's usually like a coupon you pay it. Our coupon

363
00:21:36,760 --> 00:21:41,200
Speaker 1: was ten percent, so I so that's like almost five

364
00:21:41,280 --> 00:21:46,200
Speaker 1: million dollars of savings just there. But it's amazing. That's

365
00:21:46,400 --> 00:21:49,399
Speaker 1: that's a deal that only somebody with your experience could do, right.

366
00:21:49,440 --> 00:21:51,800
Speaker 1: I mean, that's what you bring to the table. Um.

367
00:21:52,320 --> 00:21:55,240
Speaker 1: Having built many businesses, I've built seven and a figure businesses.

368
00:21:55,320 --> 00:21:57,679
Speaker 1: I've invested in all different types of things. One thing

369
00:21:57,800 --> 00:22:02,399
Speaker 1: I've always learned is that people like people are so

370
00:22:02,600 --> 00:22:05,240
Speaker 1: important because you can you can have the best idea

371
00:22:05,280 --> 00:22:07,879
Speaker 1: in the world, but it's all about the execution. UM.

372
00:22:08,119 --> 00:22:11,240
Speaker 1: And it sounds like based off of what you're saying, UM,

373
00:22:11,440 --> 00:22:13,920
Speaker 1: that's also part of your formula. I know when I

374
00:22:14,080 --> 00:22:16,080
Speaker 1: was when I'm looking at gold mining companies or any

375
00:22:16,080 --> 00:22:18,240
Speaker 1: company for that matter, One of the very first things

376
00:22:18,280 --> 00:22:21,200
Speaker 1: I look for is management, and I just figure, look

377
00:22:21,280 --> 00:22:23,680
Speaker 1: how the management allows me to filter all the junk out,

378
00:22:23,760 --> 00:22:28,440
Speaker 1: because good management wouldn't work for a bad company. Uh

379
00:22:28,840 --> 00:22:30,800
Speaker 1: And and so I know. So then I saw you

380
00:22:30,960 --> 00:22:33,680
Speaker 1: and you had this successful track record. Um and then

381
00:22:33,840 --> 00:22:36,480
Speaker 1: you you mentioned how you brought I think was it

382
00:22:36,640 --> 00:22:39,560
Speaker 1: Robert Over you know, so you're bringing that same core

383
00:22:39,680 --> 00:22:41,520
Speaker 1: team with you. So is that I think you're putting

384
00:22:41,520 --> 00:22:45,640
Speaker 1: the same emphasis on team. Yes, if I can highlight that. So, Uh,

385
00:22:46,240 --> 00:22:49,200
Speaker 1: you need two things. One is good shareholders, let's support you.

386
00:22:50,160 --> 00:22:52,919
Speaker 1: Uh and I've talked about that. And a good staff.

387
00:22:53,080 --> 00:22:55,680
Speaker 1: And I tend to work with a very small group.

388
00:22:55,760 --> 00:22:59,119
Speaker 1: And my main group. I have an excellent cefos name

389
00:22:59,200 --> 00:23:01,800
Speaker 1: is Bill the bar who's been involved in my last

390
00:23:01,840 --> 00:23:04,680
Speaker 1: three deals. He's brilliant. He was he was the architect

391
00:23:04,800 --> 00:23:07,520
Speaker 1: of the de venture, so you can tip my hat

392
00:23:07,600 --> 00:23:12,840
Speaker 1: to him. I have two capable executives and Richard Munson

393
00:23:12,880 --> 00:23:16,440
Speaker 1: he was the past CEO, and Greg Barnes is the

394
00:23:16,520 --> 00:23:20,040
Speaker 1: VP of development. So this team of four, and I

395
00:23:20,160 --> 00:23:25,080
Speaker 1: have also a good strategic advisor, Brian pace Braga. That group,

396
00:23:25,359 --> 00:23:28,000
Speaker 1: that core group is the one that works the day

397
00:23:28,040 --> 00:23:31,000
Speaker 1: to day, make sure the market is fine, make sure

398
00:23:31,080 --> 00:23:33,600
Speaker 1: that you know we're getting all the technical and the

399
00:23:33,680 --> 00:23:38,159
Speaker 1: commercial work done. Okay, and without them, I am a

400
00:23:38,280 --> 00:23:42,480
Speaker 1: tenth of a man that I am. Uh. Strategically, you know,

401
00:23:43,200 --> 00:23:47,920
Speaker 1: we always looked to enhance our board uh and so

402
00:23:48,080 --> 00:23:50,360
Speaker 1: that you know, it gives you a better networking, better

403
00:23:50,400 --> 00:23:53,960
Speaker 1: access to capital. And we were fortunate enough and through

404
00:23:54,040 --> 00:23:57,800
Speaker 1: my friendship to get Robert Friedland and and he's like,

405
00:23:58,160 --> 00:24:00,320
Speaker 1: he's you know, he's an icon. Come on the man.

406
00:24:00,560 --> 00:24:03,680
Speaker 1: Is he probably the number one mining promoter in the world.

407
00:24:04,200 --> 00:24:07,880
Speaker 1: He runs Ivanhoe minds. It's a five building dollar deposit.

408
00:24:08,520 --> 00:24:11,240
Speaker 1: You know, he manages to be a better unlock er

409
00:24:11,400 --> 00:24:14,000
Speaker 1: value than I am. You know, whenever he puts his

410
00:24:14,119 --> 00:24:18,159
Speaker 1: hands and turns to literally to gold and he brings

411
00:24:18,400 --> 00:24:21,040
Speaker 1: to this company. And when he actually came on board,

412
00:24:21,119 --> 00:24:25,760
Speaker 1: our stock almost went up. Okay. He brings the ability

413
00:24:26,640 --> 00:24:30,080
Speaker 1: of a great his own team. So that synergy of

414
00:24:30,200 --> 00:24:33,840
Speaker 1: his own mind building team and access to that is good,

415
00:24:34,000 --> 00:24:38,240
Speaker 1: and access to his capital it's good. So that was

416
00:24:38,320 --> 00:24:44,280
Speaker 1: a coup from us. Yeah, and you know, I mean sorry, yeah.

417
00:24:44,400 --> 00:24:46,359
Speaker 1: And in terms of shareholder is that we have Grand

418
00:24:46,400 --> 00:24:51,119
Speaker 1: Colombian it's a it's a gold mining company. Plus not

419
00:24:51,240 --> 00:24:54,840
Speaker 1: TSX who UH mind school out of Columbia with a

420
00:24:54,840 --> 00:24:58,480
Speaker 1: half a billion dollar market cap. They own of it,

421
00:24:58,760 --> 00:25:02,199
Speaker 1: and you know, and the CEO there is on our

422
00:25:02,280 --> 00:25:05,280
Speaker 1: board and I know the chairman quite well, and there's

423
00:25:05,280 --> 00:25:08,200
Speaker 1: a hundred percent supportive of it. And we also have

424
00:25:08,680 --> 00:25:12,480
Speaker 1: Precious Wheaton UH Medals, who is a wealthy company that

425
00:25:13,280 --> 00:25:16,040
Speaker 1: uh is the next largest shareholder, and there are a

426
00:25:16,119 --> 00:25:20,359
Speaker 1: hundred percent by behind us, and they've actually offered us

427
00:25:21,560 --> 00:25:25,000
Speaker 1: a financing so if we ever go into production, they

428
00:25:25,080 --> 00:25:28,960
Speaker 1: will finance up a hundred twenty million dollars. Yeah, that's

429
00:25:29,080 --> 00:25:33,240
Speaker 1: that's awesome. Yeah, I know. Um, I mean, like I said,

430
00:25:33,280 --> 00:25:35,119
Speaker 1: I've been kind of following the gold market for for

431
00:25:35,200 --> 00:25:37,000
Speaker 1: a while. Obviously I don't know it that well and

432
00:25:37,119 --> 00:25:39,159
Speaker 1: not I wouldn't call myself an expert in it, but um,

433
00:25:39,240 --> 00:25:41,080
Speaker 1: I just look at these types of things like who

434
00:25:41,280 --> 00:25:43,280
Speaker 1: is leading the team, but not only just who's leading

435
00:25:43,320 --> 00:25:45,359
Speaker 1: the team, and so easy to see your track record,

436
00:25:45,440 --> 00:25:47,720
Speaker 1: and I know success leaves you know, you can follow

437
00:25:47,760 --> 00:25:50,920
Speaker 1: the success, but also who those advisors are, So anybody

438
00:25:50,960 --> 00:25:53,200
Speaker 1: that in Precious Medals at all probably knows who you know,

439
00:25:53,240 --> 00:25:56,359
Speaker 1: precious wheat is and things like that. Um. Yeah, so

440
00:25:56,480 --> 00:25:58,360
Speaker 1: that's good. I mean, like I said right off the bat,

441
00:25:58,480 --> 00:26:00,359
Speaker 1: that filters out all the junk because there's a lot

442
00:26:00,400 --> 00:26:03,480
Speaker 1: of junk out there. Um, but I just figured that, yeah,

443
00:26:03,480 --> 00:26:06,960
Speaker 1: a good team wouldn't be there. Um. I tell people that,

444
00:26:07,119 --> 00:26:10,679
Speaker 1: you know, a lot of this game is back to jockey. Okay,

445
00:26:11,000 --> 00:26:13,080
Speaker 1: if you can have a good horse and a good jockey,

446
00:26:13,600 --> 00:26:16,200
Speaker 1: I mean, you've got a chance to win the triple crown. Yeah.

447
00:26:17,200 --> 00:26:21,000
Speaker 1: So you know, people, you know, there are the main

448
00:26:21,119 --> 00:26:24,680
Speaker 1: element in any type of in movies and in real estate.

449
00:26:25,200 --> 00:26:28,520
Speaker 1: Those people. It's the people that make things different. And

450
00:26:28,640 --> 00:26:30,520
Speaker 1: one of question I'd like to ask you about is,

451
00:26:30,640 --> 00:26:35,800
Speaker 1: I know gold X your mind is in Guyana, right, Um,

452
00:26:36,640 --> 00:26:39,159
Speaker 1: and um, a lot of gold people. There's there's a

453
00:26:39,240 --> 00:26:41,800
Speaker 1: lot of noise going around the industry. And I get

454
00:26:41,840 --> 00:26:43,800
Speaker 1: asked this question all the time, and I think it's

455
00:26:43,840 --> 00:26:46,320
Speaker 1: a fair question to ask you. Um, A lot of

456
00:26:46,359 --> 00:26:49,000
Speaker 1: people seem to think that, Um, there's a lot of

457
00:26:49,080 --> 00:26:51,639
Speaker 1: political instability in some of these countries which there are

458
00:26:51,680 --> 00:26:53,800
Speaker 1: obviously a lot of gold mine is in third world countries.

459
00:26:53,840 --> 00:26:56,479
Speaker 1: Things like that could be Africa, South America, wherever, UM.

460
00:26:56,560 --> 00:26:59,560
Speaker 1: And now there's this narrative UM that's been pushed at

461
00:27:00,280 --> 00:27:04,080
Speaker 1: if the US isn't exchanging dollars swap lines with the country,

462
00:27:04,359 --> 00:27:07,639
Speaker 1: then they're in they're they're in dangerous political problems. And

463
00:27:07,920 --> 00:27:12,119
Speaker 1: there's high probability that, um, the country could nationalize that

464
00:27:12,240 --> 00:27:15,439
Speaker 1: mine and as an investor, I could lose everything. Now

465
00:27:15,520 --> 00:27:18,040
Speaker 1: you own a mine or whatever, your part owner, what

466
00:27:18,160 --> 00:27:24,240
Speaker 1: do you think about that? I think that's a bullshit actually, Okay, okay,

467
00:27:24,680 --> 00:27:31,080
Speaker 1: I think that Guyana, uh, English speaking democratic country. They

468
00:27:31,200 --> 00:27:33,919
Speaker 1: had their fair shares. They've they've been through the throes

469
00:27:34,040 --> 00:27:39,159
Speaker 1: of an election issue, an election recount similar to the

470
00:27:39,400 --> 00:27:44,200
Speaker 1: Trump had. Okay, we didn't do anything about that and uh,

471
00:27:44,840 --> 00:27:47,440
Speaker 1: and they've now resolved that issue. So now there is

472
00:27:47,480 --> 00:27:50,440
Speaker 1: a standing party and the country will go back to

473
00:27:50,880 --> 00:27:55,560
Speaker 1: uh to where to where it's been. Uh. It's supported

474
00:27:55,960 --> 00:27:59,239
Speaker 1: a member of the Commonwealth of Nations, is governed by

475
00:27:59,320 --> 00:28:02,480
Speaker 1: the British law. The as far as i'm you know,

476
00:28:02,560 --> 00:28:05,159
Speaker 1: they're there for finance and they supported by the i

477
00:28:05,400 --> 00:28:12,800
Speaker 1: f C. There's nothing that I've seen, UH that gives

478
00:28:12,840 --> 00:28:18,680
Speaker 1: me cause of concern that they're going to nationalize these resources. Okay, UM,

479
00:28:19,480 --> 00:28:22,399
Speaker 1: right now, they're also blessed like they've had a huge

480
00:28:22,560 --> 00:28:26,880
Speaker 1: offshore oil discovery okay, probably one of the largest ones ever.

481
00:28:27,280 --> 00:28:31,960
Speaker 1: It's gonna totally change the complexion of this very small country.

482
00:28:31,960 --> 00:28:34,960
Speaker 1: I think it's got you know, five million, seven million

483
00:28:35,000 --> 00:28:38,360
Speaker 1: people in it, Okay. And what that's gonna do is

484
00:28:38,400 --> 00:28:41,160
Speaker 1: gonna put a lot of money into the government coffers okay,

485
00:28:41,480 --> 00:28:45,280
Speaker 1: so they can electrify the country, educate the country, and

486
00:28:45,400 --> 00:28:50,440
Speaker 1: build infrastructure. All those things are really supportive of mining, Okay.

487
00:28:51,200 --> 00:28:55,600
Speaker 1: The you know, I've worked in Guyana previously for another company,

488
00:28:56,200 --> 00:28:58,960
Speaker 1: and I find that working with the government is being

489
00:28:59,040 --> 00:29:02,600
Speaker 1: transparent they want you know, that was the main source

490
00:29:02,680 --> 00:29:06,720
Speaker 1: of revenue was mining. Right now, with oil, I think

491
00:29:07,040 --> 00:29:09,840
Speaker 1: mining will be like this, oil will be like this.

492
00:29:10,440 --> 00:29:14,280
Speaker 1: That's going to really see them nationalizing this little breadcrumb

493
00:29:15,720 --> 00:29:18,520
Speaker 1: perfect well. And and you know, by them doing that,

494
00:29:18,800 --> 00:29:21,280
Speaker 1: it really puts them back into the dark ages no

495
00:29:21,400 --> 00:29:23,400
Speaker 1: company would ever do or no no country would even

496
00:29:23,400 --> 00:29:24,920
Speaker 1: want to do business with them if they did something

497
00:29:25,000 --> 00:29:26,880
Speaker 1: like that. So I kind of look at the same thing.

498
00:29:26,960 --> 00:29:28,640
Speaker 1: I mean, of course, we don't have a crystal ball

499
00:29:28,720 --> 00:29:31,840
Speaker 1: anything as possible, especially in today's age and everything that

500
00:29:31,880 --> 00:29:33,480
Speaker 1: we do has risks and so you want to always

501
00:29:33,480 --> 00:29:35,560
Speaker 1: manage for that. But um, yeah, the chance of that

502
00:29:35,720 --> 00:29:38,040
Speaker 1: is low. Would be in my opinion, and as you said,

503
00:29:38,040 --> 00:29:39,560
Speaker 1: it would be the death wish or I said, it

504
00:29:39,560 --> 00:29:41,360
Speaker 1: would be the death wish. And if you're if you're

505
00:29:41,360 --> 00:29:43,360
Speaker 1: looking at something big like oil, you're not gonna what

506
00:29:43,480 --> 00:29:45,560
Speaker 1: do we call it, like step over dollars to pick

507
00:29:45,600 --> 00:29:48,840
Speaker 1: up pennies or something. Right, No, I think I I

508
00:29:49,080 --> 00:29:51,719
Speaker 1: love working in Diana, and I think it's a very

509
00:29:51,800 --> 00:29:55,480
Speaker 1: good population. Work in the government, as I say, is transparent.

510
00:29:55,560 --> 00:29:59,520
Speaker 1: I I think that you know, they're very good for

511
00:29:59,600 --> 00:30:02,520
Speaker 1: the mining industry, and I think that they're blessed with riches.

512
00:30:02,800 --> 00:30:06,200
Speaker 1: You know, I hope they manage them. Well yeah, okay, great,

513
00:30:06,920 --> 00:30:08,960
Speaker 1: Well thanks for answering that. Um. Like I said, I

514
00:30:09,000 --> 00:30:11,160
Speaker 1: get asked that question all the time and I answer it,

515
00:30:11,240 --> 00:30:12,720
Speaker 1: but I of course I want to hear it from you.

516
00:30:12,800 --> 00:30:14,080
Speaker 1: You have a lot more on the line than I do.

517
00:30:14,680 --> 00:30:17,200
Speaker 1: So UM, I kind of gave um in one of

518
00:30:17,280 --> 00:30:19,840
Speaker 1: my previous gold mining videos, I kind of gave my

519
00:30:20,000 --> 00:30:22,800
Speaker 1: criteria was team and these are easier things for me

520
00:30:22,920 --> 00:30:24,959
Speaker 1: to look at, like team obviously, like I said, good

521
00:30:25,000 --> 00:30:27,160
Speaker 1: team wouldn't be in a bad company. Um, I want

522
00:30:27,200 --> 00:30:29,360
Speaker 1: to look at like their reserves. Make sure you're sitting

523
00:30:29,400 --> 00:30:32,280
Speaker 1: on good gold reserves, and yours appear to be pretty

524
00:30:32,360 --> 00:30:34,040
Speaker 1: tested them and you have a bunch which is seven

525
00:30:34,960 --> 00:30:39,560
Speaker 1: million or something million? Yeah, so um and then and

526
00:30:39,640 --> 00:30:42,640
Speaker 1: then financials and I know, um, you can burn through

527
00:30:42,640 --> 00:30:44,320
Speaker 1: a lot of money, but you have a lot of

528
00:30:44,440 --> 00:30:48,880
Speaker 1: backing with precious wheaten. Is there other things that like

529
00:30:49,040 --> 00:30:52,520
Speaker 1: the average retail investor like myself should be looking at.

530
00:30:52,640 --> 00:30:56,120
Speaker 1: And when we're investing in the gold miners, uh so,

531
00:30:56,480 --> 00:31:00,960
Speaker 1: people are key the ability to finance. And so when

532
00:31:01,040 --> 00:31:06,080
Speaker 1: we wanted to make adventure to buy our our our

533
00:31:06,160 --> 00:31:09,960
Speaker 1: project from an existing owner, I think it took us

534
00:31:10,000 --> 00:31:14,040
Speaker 1: three weeks to find the twenty million dollars. Okay. Uh

535
00:31:14,560 --> 00:31:19,240
Speaker 1: we have wheat impress mental and a lot of insiders,

536
00:31:19,720 --> 00:31:24,479
Speaker 1: insiders make up close to like okay, and they're all

537
00:31:24,640 --> 00:31:28,520
Speaker 1: they're all people of means that I've been supporting this

538
00:31:28,840 --> 00:31:32,160
Speaker 1: project for many, many years, So I would you know,

539
00:31:32,360 --> 00:31:34,800
Speaker 1: And so that's another thing that you should be aware of.

540
00:31:35,640 --> 00:31:39,760
Speaker 1: We get offered financings almost on a weekly basis from

541
00:31:40,240 --> 00:31:44,800
Speaker 1: from brokerage groups. Okay, we turned them down. Because you know,

542
00:31:44,920 --> 00:31:47,720
Speaker 1: one thing about the companies that I run is that

543
00:31:48,040 --> 00:31:52,760
Speaker 1: I'd like to keep the share uh, the share account

544
00:31:52,880 --> 00:31:57,560
Speaker 1: very low. Okay, I'm I don't mind diluting. But if

545
00:31:57,880 --> 00:32:00,440
Speaker 1: if if I spend one dollar, I would make four

546
00:32:00,520 --> 00:32:03,360
Speaker 1: or five dollars worth of value. So does that mean

547
00:32:03,480 --> 00:32:05,840
Speaker 1: that me as a retail investor, other retail investors, we

548
00:32:05,880 --> 00:32:08,560
Speaker 1: should look at outstanding share account? I think so, I

549
00:32:08,600 --> 00:32:10,640
Speaker 1: think you should look at how many shares are out there,

550
00:32:10,720 --> 00:32:14,440
Speaker 1: and and whether the market cop is realistic. You know

551
00:32:14,600 --> 00:32:18,520
Speaker 1: a lot of people CEOs claim that, oh, look, my

552
00:32:18,640 --> 00:32:22,080
Speaker 1: market cops six million. Yeah, well it's six million, but

553
00:32:22,120 --> 00:32:24,440
Speaker 1: the last five years it's been training at thirty cents,

554
00:32:25,160 --> 00:32:29,560
Speaker 1: and you, as an investor, made no money, right, Okay, good?

555
00:32:30,160 --> 00:32:34,560
Speaker 1: Focus on share value? Okay, share value appreciation? If I

556
00:32:34,640 --> 00:32:41,040
Speaker 1: were invested, okay, has this group took something and raised

557
00:32:41,240 --> 00:32:46,080
Speaker 1: gave you share value? Okay? Good? Good, good point. I

558
00:32:46,120 --> 00:32:48,200
Speaker 1: appreciate that a lot of this stuff, you know, you

559
00:32:48,280 --> 00:32:50,560
Speaker 1: talked about, like find that undervalued asset and finding something

560
00:32:50,640 --> 00:32:52,000
Speaker 1: that had a little hair on it you can clean up,

561
00:32:52,160 --> 00:32:54,040
Speaker 1: and a lot of that stuff isn't really visible to

562
00:32:54,240 --> 00:32:57,240
Speaker 1: us as as retail investors, and so That's why I

563
00:32:57,320 --> 00:32:58,680
Speaker 1: was kind of curious, like what are the things that

564
00:32:58,760 --> 00:33:00,760
Speaker 1: we would look at? And like I said, team and

565
00:33:01,200 --> 00:33:03,720
Speaker 1: financials and and and reserves. Our stuff that I have

566
00:33:03,880 --> 00:33:07,760
Speaker 1: access to, Um, the little secret hair, the permit or

567
00:33:07,840 --> 00:33:09,120
Speaker 1: whatever it is, as you say, I don't really have

568
00:33:09,160 --> 00:33:11,760
Speaker 1: access to that. But definitely market cap and share value,

569
00:33:11,800 --> 00:33:13,200
Speaker 1: as you talk about, is something that we can all

570
00:33:13,240 --> 00:33:17,960
Speaker 1: look at. Anything else that comes to mind, well, the

571
00:33:18,600 --> 00:33:24,520
Speaker 1: because of uh uh over the regulations that were put

572
00:33:24,600 --> 00:33:30,000
Speaker 1: in place. UM, you know, uh, we we have a

573
00:33:30,040 --> 00:33:33,280
Speaker 1: lot of transparency. We do quarterlies, we do a g

574
00:33:33,520 --> 00:33:38,160
Speaker 1: M s all our resources or have standards that are

575
00:33:38,240 --> 00:33:41,320
Speaker 1: followed by throughout the world. You know, I think mining

576
00:33:41,480 --> 00:33:45,760
Speaker 1: is sometimes overregulated, but it's but it's to protect the shareholder.

577
00:33:46,280 --> 00:33:50,080
Speaker 1: So if if uh an investor really wants to understand

578
00:33:50,160 --> 00:33:53,960
Speaker 1: the company, look at the quarterlies, look at look at

579
00:33:54,000 --> 00:33:56,520
Speaker 1: the four three one of ones to talk about the resources,

580
00:33:56,600 --> 00:33:59,520
Speaker 1: how they were done? You know, these are these resources

581
00:33:59,600 --> 00:34:04,640
Speaker 1: that are quota for us, are are done like we did? Yeah?

582
00:34:04,720 --> 00:34:07,280
Speaker 1: We did? Uh I forgot I mean, I mean I

583
00:34:07,440 --> 00:34:11,920
Speaker 1: tell you exact number of meters of drilling that we did.

584
00:34:12,680 --> 00:34:18,239
Speaker 1: We did two hundred and two thousand meters of drilling. Wow,

585
00:34:18,840 --> 00:34:25,440
Speaker 1: we did almost seven hundred drill holes to define this resource. Okay, So,

586
00:34:26,120 --> 00:34:29,800
Speaker 1: and that gives you a measured indicated resource. Okay, this

587
00:34:29,960 --> 00:34:33,040
Speaker 1: is better than inferred resources because each time you drill

588
00:34:33,080 --> 00:34:35,879
Speaker 1: a hole, you're checking what the density is of gold

589
00:34:35,920 --> 00:34:38,200
Speaker 1: in those areas, and so the hold as you drill,

590
00:34:38,760 --> 00:34:42,080
Speaker 1: then the better your estimations are. Am I correct with that,

591
00:34:43,320 --> 00:34:47,319
Speaker 1: So you can imagine that you know, each drill hole

592
00:34:47,680 --> 00:34:51,000
Speaker 1: has a has an area of influence that you can

593
00:34:51,040 --> 00:34:53,919
Speaker 1: make some judgment thought. Okay, so you have one drill

594
00:34:54,000 --> 00:34:57,600
Speaker 1: hole here in one drill hole a mile away, you know,

595
00:34:57,880 --> 00:35:00,200
Speaker 1: and there's a head here and a hit there. There's

596
00:35:00,200 --> 00:35:02,680
Speaker 1: no geological reason why they should be connected. You know,

597
00:35:02,760 --> 00:35:05,960
Speaker 1: in the past people say, oh, yeah, they're connected. But

598
00:35:06,400 --> 00:35:09,359
Speaker 1: you know, there's been a lot of work being done

599
00:35:09,760 --> 00:35:12,680
Speaker 1: through the use of geology and structure and and and

600
00:35:13,840 --> 00:35:17,840
Speaker 1: fantastic software. People can look at measure indicate the influence

601
00:35:17,880 --> 00:35:21,480
Speaker 1: of one hole, maybe only four or five meters, that's

602
00:35:21,560 --> 00:35:24,640
Speaker 1: it ten ms, okay, depending on the on the type

603
00:35:24,680 --> 00:35:28,279
Speaker 1: of geology. So the more holes you have, the more

604
00:35:28,360 --> 00:35:32,239
Speaker 1: geology you have, the more rigorous, the more believable your

605
00:35:32,280 --> 00:35:36,680
Speaker 1: resource are There are many, many, many, many sad stories

606
00:35:37,360 --> 00:35:42,560
Speaker 1: were someone has has done a resource on an inferred basis,

607
00:35:42,760 --> 00:35:46,200
Speaker 1: or like why space thrilling, and said, what the heck,

608
00:35:46,280 --> 00:35:49,440
Speaker 1: we're gonna go. The market is hot, We're gonna go

609
00:35:49,680 --> 00:35:53,120
Speaker 1: and mind this bloody thing, you know. So they spend

610
00:35:53,160 --> 00:35:57,880
Speaker 1: all this money building all this infrastructure, processing facilities, and

611
00:35:58,000 --> 00:36:03,800
Speaker 1: low and behold the resourcesn't there? Yeah? Okay, So so

612
00:36:04,800 --> 00:36:08,960
Speaker 1: look at the resource, ask questions there. They're often written

613
00:36:09,040 --> 00:36:12,759
Speaker 1: for the for the layman, and I find that, uh,

614
00:36:13,400 --> 00:36:16,120
Speaker 1: people that care about the shar olds will spend time

615
00:36:16,440 --> 00:36:18,600
Speaker 1: with them. Let's say, this is what you have to

616
00:36:18,719 --> 00:36:22,680
Speaker 1: understand about our drilling, this is what our resource was based.

617
00:36:23,040 --> 00:36:27,240
Speaker 1: And there's numerous maps and drill intersections and long sections.

618
00:36:28,040 --> 00:36:32,239
Speaker 1: It's fascinating, you know to look at Yeah, I've I've looked,

619
00:36:32,360 --> 00:36:34,319
Speaker 1: you know, I look at a lot of different mining

620
00:36:34,360 --> 00:36:37,319
Speaker 1: companies and that's definitely something. As you say, they put

621
00:36:37,400 --> 00:36:40,279
Speaker 1: out and uh, seven hundred drill holes is a lot.

622
00:36:40,400 --> 00:36:43,480
Speaker 1: Typically I see much less and and a lot of times,

623
00:36:43,760 --> 00:36:45,560
Speaker 1: when you've looked at enough of them, you can tell,

624
00:36:45,640 --> 00:36:47,960
Speaker 1: like this company is kind of fudging on their numbers

625
00:36:47,960 --> 00:36:50,719
Speaker 1: a little bit. Right. Um, I've Also I also did

626
00:36:50,800 --> 00:36:52,520
Speaker 1: quite a bit in oil as well, and oil is

627
00:36:52,560 --> 00:36:55,400
Speaker 1: kind of similar. Um, you know, they're trying to estimate

628
00:36:55,480 --> 00:36:58,239
Speaker 1: off of one one well or something like that. But yeah,

629
00:36:58,280 --> 00:37:01,480
Speaker 1: seven hundred drill wells is is a lot. Another thing

630
00:37:01,560 --> 00:37:04,640
Speaker 1: that you said that I like as well is you

631
00:37:04,719 --> 00:37:06,799
Speaker 1: know we all need to uh we all, we all

632
00:37:06,840 --> 00:37:09,520
Speaker 1: need to. I really like investing in the gold gold

633
00:37:09,600 --> 00:37:12,400
Speaker 1: mine especially. I just made a video yesterday. I call

634
00:37:12,440 --> 00:37:14,920
Speaker 1: it the Trade of the Decade um the way that

635
00:37:15,040 --> 00:37:17,759
Speaker 1: I see debt and inflation and whatnot, and so I

636
00:37:17,840 --> 00:37:19,959
Speaker 1: do believe that gold and gold mining is the place

637
00:37:20,040 --> 00:37:24,440
Speaker 1: to be. Um. That being said, everybody should be doing

638
00:37:24,480 --> 00:37:28,440
Speaker 1: their own due diligence and so. Um. You know, because

639
00:37:28,480 --> 00:37:29,960
Speaker 1: I have a show, I'm able to get someone like

640
00:37:30,040 --> 00:37:31,800
Speaker 1: you on the phone and or on the on the

641
00:37:31,840 --> 00:37:34,359
Speaker 1: call and ask these questions. But as you pointed out,

642
00:37:34,480 --> 00:37:37,200
Speaker 1: everybody could reach out to the company. You have like

643
00:37:37,360 --> 00:37:39,640
Speaker 1: PR departments and sales departments that are there to answer

644
00:37:39,680 --> 00:37:43,319
Speaker 1: people's questions, right yeah, yeah, I mean, so they're there.

645
00:37:43,680 --> 00:37:48,080
Speaker 1: You know, I I tell people look at like good

646
00:37:48,160 --> 00:37:53,000
Speaker 1: power points corporate presentations. Yuh. So you know, we do

647
00:37:53,120 --> 00:37:57,040
Speaker 1: a good job trying to get key information out to people.

648
00:37:57,520 --> 00:37:59,520
Speaker 1: We do a lot of comparables. If you go look

649
00:37:59,560 --> 00:38:02,560
Speaker 1: at our our power point, we compare ourselves to other

650
00:38:03,000 --> 00:38:06,200
Speaker 1: companies so that you can say, well, why are they

651
00:38:06,280 --> 00:38:10,000
Speaker 1: trading higher than lower? So you can start you know, questioning,

652
00:38:10,560 --> 00:38:13,480
Speaker 1: you know those questions. And you know, I find that

653
00:38:13,560 --> 00:38:16,680
Speaker 1: the more educated investor you have, the better it is

654
00:38:17,000 --> 00:38:20,960
Speaker 1: for companies that actually have good things. Okay. Uh so

655
00:38:21,239 --> 00:38:23,840
Speaker 1: you know ignorant investor or well, and one that's not

656
00:38:23,960 --> 00:38:27,439
Speaker 1: so well educated. You know, they go from pillar to post.

657
00:38:27,520 --> 00:38:29,400
Speaker 1: They don't know where they're going, or they're following the

658
00:38:29,520 --> 00:38:34,280
Speaker 1: crowd that you know, sometimes that works. It's a great thing. Okay,

659
00:38:34,640 --> 00:38:37,080
Speaker 1: like we're now, I would say in the time of

660
00:38:37,960 --> 00:38:41,480
Speaker 1: gold investing, where all boats float and if you know

661
00:38:41,600 --> 00:38:44,839
Speaker 1: that thing, so everything that has goal in is going up.

662
00:38:45,080 --> 00:38:48,840
Speaker 1: Is like the dot com era. Okay, so you probably

663
00:38:49,080 --> 00:38:52,160
Speaker 1: you probably will not hurt yourself, but you may lose

664
00:38:52,239 --> 00:38:55,200
Speaker 1: out on something that was phenomenally better than the investment

665
00:38:55,280 --> 00:38:59,279
Speaker 1: that you made. Right, and so you need a fair

666
00:38:59,520 --> 00:39:03,279
Speaker 1: smatter ring of maybe some of the major companies, maybe

667
00:39:03,360 --> 00:39:05,840
Speaker 1: some of the development companies, and a little bit of

668
00:39:05,920 --> 00:39:08,600
Speaker 1: the you know, you make a portfolio. So you you

669
00:39:08,800 --> 00:39:13,239
Speaker 1: you transcend all those things. But you know, but in

670
00:39:13,360 --> 00:39:16,319
Speaker 1: each portfolio, in each group, there's some winners and there's

671
00:39:16,360 --> 00:39:20,880
Speaker 1: some losers. And UH and I would say try to

672
00:39:20,960 --> 00:39:24,520
Speaker 1: talk to people, read the power points, start being familiar

673
00:39:24,640 --> 00:39:27,640
Speaker 1: with you know, after tax free cash flow, there's a

674
00:39:27,760 --> 00:39:32,479
Speaker 1: lot of a lot of different terminology that one needs

675
00:39:32,520 --> 00:39:35,520
Speaker 1: to know and and and and these are all standard

676
00:39:35,560 --> 00:39:41,040
Speaker 1: ways of that companies have to report R resources are

677
00:39:41,120 --> 00:39:46,480
Speaker 1: reporting a certain way, you know, h Enterprise value okay

678
00:39:46,640 --> 00:39:49,240
Speaker 1: is a certain way. Okay, So so there are comparable

679
00:39:49,280 --> 00:39:54,000
Speaker 1: So if you look at our on our UH corporate presentation,

680
00:39:54,320 --> 00:39:57,040
Speaker 1: we do comparable so we can compare an apple with

681
00:39:57,120 --> 00:40:00,719
Speaker 1: an Apple. And that's what you want to do. Yeah,

682
00:40:00,760 --> 00:40:03,960
Speaker 1: I love that. UM. Now I want to we're gonna

683
00:40:04,080 --> 00:40:05,520
Speaker 1: wrap it up here. I know we're already coming and

684
00:40:05,600 --> 00:40:07,520
Speaker 1: going along and I and I really appreciate you giving

685
00:40:07,520 --> 00:40:09,719
Speaker 1: me as much time as you have already. UM. I

686
00:40:09,840 --> 00:40:13,200
Speaker 1: want to recap your simple formula for having success. Um,

687
00:40:13,320 --> 00:40:15,160
Speaker 1: and I've written it down to what I think it is,

688
00:40:15,239 --> 00:40:17,319
Speaker 1: and I want to just recap that and let kind

689
00:40:17,360 --> 00:40:18,840
Speaker 1: of how I think that I can use it and

690
00:40:18,880 --> 00:40:22,600
Speaker 1: how people watching could also use that. Before before I

691
00:40:22,800 --> 00:40:26,200
Speaker 1: am jump into that final thing though, I'm just curious. Um, well,

692
00:40:27,120 --> 00:40:31,640
Speaker 1: the first one of your formulas is picking a cycle,

693
00:40:32,120 --> 00:40:37,239
Speaker 1: and you obviously did really good with uranium, potash, lithium. Uh,

694
00:40:37,760 --> 00:40:40,640
Speaker 1: you pick those cycles, right, and now you've just jumped

695
00:40:40,680 --> 00:40:44,440
Speaker 1: into gold, and based off of three in a row,

696
00:40:44,680 --> 00:40:47,239
Speaker 1: you're pretty good at picking cycles. So what is it

697
00:40:47,440 --> 00:40:50,239
Speaker 1: that you see about jumping into the gold cycle right now?

698
00:40:50,360 --> 00:40:53,439
Speaker 1: What makes you think that, um, the cycle is good?

699
00:40:53,880 --> 00:40:56,839
Speaker 1: Do you want to say how long or how high

700
00:40:56,920 --> 00:41:03,880
Speaker 1: you think it goes? No, h well, it's probably for me.

701
00:41:04,160 --> 00:41:06,359
Speaker 1: I'm not I'm not that predictor of like how long,

702
00:41:06,600 --> 00:41:09,880
Speaker 1: But we're pretty so much money, there's gonna be so

703
00:41:10,000 --> 00:41:14,960
Speaker 1: much inflation. Gold provides maybe a place where whether you're

704
00:41:15,040 --> 00:41:19,400
Speaker 1: in Peru or Paraguay, people will know what the goal is.

705
00:41:19,640 --> 00:41:24,080
Speaker 1: So and you're you're not punished by a currency devaluation

706
00:41:24,640 --> 00:41:28,160
Speaker 1: and inflation. So so I really I really like that

707
00:41:28,360 --> 00:41:30,520
Speaker 1: point of it. I just thought, you know, and then

708
00:41:30,600 --> 00:41:33,040
Speaker 1: I look at the experts. I look at the Bank

709
00:41:33,120 --> 00:41:37,160
Speaker 1: of America. They have a three thousand dollar limit, okay,

710
00:41:37,640 --> 00:41:42,080
Speaker 1: and you have Goldman sacks as okay. So these are

711
00:41:42,200 --> 00:41:45,520
Speaker 1: very conservative groups that are giving you these numbers. This

712
00:41:45,760 --> 00:41:50,160
Speaker 1: isn't some you know, crazy newsletter writer that wants to

713
00:41:50,440 --> 00:41:54,400
Speaker 1: let you buy gold staff right exactly. So they're consensus

714
00:41:54,640 --> 00:41:57,920
Speaker 1: of that, and uh, you know, and I really do

715
00:41:58,080 --> 00:42:01,360
Speaker 1: believe that, you know, the psychos eighteen twenty months and

716
00:42:01,680 --> 00:42:04,680
Speaker 1: there's a momentum they'll be down ed age. But you know,

717
00:42:04,920 --> 00:42:10,600
Speaker 1: I could probably see gold before December. Yeah, and that's goes,

718
00:42:10,760 --> 00:42:13,800
Speaker 1: you know, and then it becomes a race production. You know,

719
00:42:14,200 --> 00:42:18,600
Speaker 1: how to value arounds is the best way. Okay, So

720
00:42:18,960 --> 00:42:23,760
Speaker 1: um advantage of that high gold environment, so I'm more bullish.

721
00:42:23,800 --> 00:42:25,960
Speaker 1: I think it was higher than that. But either way,

722
00:42:26,040 --> 00:42:28,839
Speaker 1: that's that's pretty good. I just figured, you know, Um,

723
00:42:28,920 --> 00:42:30,719
Speaker 1: in two thousand and eight, when the market dropped, the

724
00:42:30,960 --> 00:42:35,279
Speaker 1: stocks dropped, gold drop, but it was the response to

725
00:42:35,400 --> 00:42:38,360
Speaker 1: the drop. The Fed jumped in with their tarp bailout

726
00:42:38,400 --> 00:42:42,040
Speaker 1: seven hundred billion dollars and gold shot from six eighty

727
00:42:42,080 --> 00:42:45,520
Speaker 1: to two thousand. Yeah, and that was off a seven billion.

728
00:42:45,680 --> 00:42:49,600
Speaker 1: Well today we've just done six trillion. So even if

729
00:42:49,640 --> 00:42:51,400
Speaker 1: we had the same move as in two thousand and eight,

730
00:42:51,480 --> 00:42:53,840
Speaker 1: that puts gold to like four thousand bucks. That's just

731
00:42:53,960 --> 00:42:55,960
Speaker 1: on the same size move. But we've just printed what

732
00:42:56,200 --> 00:43:00,040
Speaker 1: six times the seven times the money. It's unheard of.

733
00:43:00,600 --> 00:43:04,319
Speaker 1: It's unheard of. Yeah, so it could be an incredible ride.

734
00:43:04,360 --> 00:43:07,399
Speaker 1: And you know it's uh and for companies are going

735
00:43:07,480 --> 00:43:10,320
Speaker 1: to production or in production, it would be a great

736
00:43:10,360 --> 00:43:14,320
Speaker 1: place to you know, I could imagine in areas and

737
00:43:14,440 --> 00:43:18,640
Speaker 1: countries where where the currencies being devalued, they're gonna be

738
00:43:18,719 --> 00:43:23,760
Speaker 1: paid in US dollars, Okay, Like in Canada, our gold

739
00:43:23,880 --> 00:43:27,640
Speaker 1: is like we're point seven seventy cents, so two thousands.

740
00:43:27,680 --> 00:43:30,200
Speaker 1: It's like we're training at like twenty six hundred dollar

741
00:43:30,320 --> 00:43:35,279
Speaker 1: gold in our currency. So it's unheard of. So being

742
00:43:35,320 --> 00:43:40,279
Speaker 1: a producer is a good thing. Now, why doesn't Why

743
00:43:40,320 --> 00:43:43,560
Speaker 1: doesn't Canada have any gold? Oh no, we have lost

744
00:43:43,640 --> 00:43:47,040
Speaker 1: the gold mines. Oh no, no, no, the country. What

745
00:43:47,120 --> 00:43:48,400
Speaker 1: do you mean it doesn't have any goal? Oh why

746
00:43:48,440 --> 00:43:52,520
Speaker 1: do I believe Canada doesn't own any gold? Right? The country?

747
00:43:53,640 --> 00:43:55,759
Speaker 1: We don't want to jump into that. That's that's that's

748
00:43:55,800 --> 00:43:58,319
Speaker 1: that's for my Prime minister to talk. There's so much

749
00:43:58,400 --> 00:44:00,600
Speaker 1: gold in the country. Is like, there's no gold by

750
00:44:00,640 --> 00:44:03,040
Speaker 1: the country. It's weird in the country but not owned

751
00:44:03,040 --> 00:44:05,520
Speaker 1: by the country. Okay, we won't we won't jump into that. Um,

752
00:44:07,239 --> 00:44:12,120
Speaker 1: what about bitcoin. Oh man, you know, I'm I'm so simple,

753
00:44:12,239 --> 00:44:15,200
Speaker 1: I know very I'm good at what I know and

754
00:44:15,360 --> 00:44:18,520
Speaker 1: outside then I'm just have you have you heard the

755
00:44:18,600 --> 00:44:22,840
Speaker 1: digital gold comparisons? Yeah, I have heard that. You know.

756
00:44:23,840 --> 00:44:29,640
Speaker 1: I'm not savvy enough to give a coherent or advice

757
00:44:29,760 --> 00:44:32,120
Speaker 1: to any of your listeners. No, I don't need any advice.

758
00:44:32,160 --> 00:44:34,839
Speaker 1: I'm asking your I'm just what are your thoughts? That's all. Oh,

759
00:44:34,880 --> 00:44:37,719
Speaker 1: it's an interesting concept. I mean, you know, the bench

760
00:44:37,760 --> 00:44:41,040
Speaker 1: won't like it. You know, it would, it would solve

761
00:44:41,080 --> 00:44:43,560
Speaker 1: a lot of problems. It's great for the gold miners,

762
00:44:44,200 --> 00:44:48,320
Speaker 1: you know, so it's thought a lot of merit. It

763
00:44:48,520 --> 00:44:51,920
Speaker 1: may break down the whole banking industry, so that's what

764
00:44:52,000 --> 00:44:54,560
Speaker 1: it's here for. Yeah, you know, be careful what you

765
00:44:54,640 --> 00:44:57,920
Speaker 1: wish for, because it seems it seems to be working well.

766
00:44:58,040 --> 00:45:00,560
Speaker 1: And uh, well the band The Thanks are doing that

767
00:45:00,640 --> 00:45:03,120
Speaker 1: on their own. But yeah, yeah, well they're they're good

768
00:45:03,160 --> 00:45:05,440
Speaker 1: at it. But so yeah, no, I think it's got

769
00:45:05,600 --> 00:45:08,279
Speaker 1: it's got some some marriage, and it's definitely good for

770
00:45:08,360 --> 00:45:11,720
Speaker 1: the world. You know, they call it digital gold because

771
00:45:11,920 --> 00:45:15,880
Speaker 1: it's one it's fighting the same fight. Gold is about

772
00:45:16,040 --> 00:45:17,759
Speaker 1: sound money, right, If we could go back to a

773
00:45:17,800 --> 00:45:20,640
Speaker 1: gold standard, having hard, sound money that's not manipulated or

774
00:45:20,800 --> 00:45:23,879
Speaker 1: or or you know, inflatable, and bitcoin is a hard

775
00:45:23,920 --> 00:45:27,560
Speaker 1: asset that can't be manipulated or inflated. Um. They're both

776
00:45:27,719 --> 00:45:31,160
Speaker 1: taking your money out of the banking system, um, and

777
00:45:31,400 --> 00:45:34,360
Speaker 1: both getting back to us a sound unit of account,

778
00:45:34,360 --> 00:45:36,160
Speaker 1: if you will. So they're both fighting the same fight.

779
00:45:36,719 --> 00:45:39,920
Speaker 1: One is older and one is newer. One's technology, right,

780
00:45:40,600 --> 00:45:43,359
Speaker 1: But from that perspective, they're they're fighting the same fight.

781
00:45:43,440 --> 00:45:45,040
Speaker 1: That's what I say. That's why I like them both.

782
00:45:45,320 --> 00:45:49,480
Speaker 1: I think I say, like, uh, for example, my grandparents

783
00:45:49,520 --> 00:45:51,640
Speaker 1: would never own bitcoin, but my kids will probably never

784
00:45:51,680 --> 00:45:55,920
Speaker 1: own gold. Right. Maybe we'll see um, okay, great, Um.

785
00:45:56,200 --> 00:45:58,600
Speaker 1: So then back to the simple formula and we'll cap

786
00:45:58,680 --> 00:46:00,360
Speaker 1: it off with this. So the for this one was

787
00:46:00,400 --> 00:46:02,719
Speaker 1: picking a cycle, which you've already explained that one. I

788
00:46:02,760 --> 00:46:05,960
Speaker 1: appreciate that. The second one was building a good team.

789
00:46:06,600 --> 00:46:09,160
Speaker 1: So you have experience, you've brought your team with you,

790
00:46:09,440 --> 00:46:12,839
Speaker 1: you have Robert, you talked about your board, et cetera. UM.

791
00:46:13,080 --> 00:46:15,719
Speaker 1: And then I think what I wrote down the third

792
00:46:15,840 --> 00:46:18,560
Speaker 1: piece of your formula, your simple format that makes you

793
00:46:18,960 --> 00:46:22,960
Speaker 1: billions of dollars um, was leverage, right, you talked about

794
00:46:23,000 --> 00:46:27,080
Speaker 1: leverage because instead of just buying the physical uranium, you said,

795
00:46:27,280 --> 00:46:29,640
Speaker 1: why don't I just buy the uranium? Mind, I have leverage,

796
00:46:29,640 --> 00:46:31,040
Speaker 1: and I think gold is the same way. So I

797
00:46:31,080 --> 00:46:33,719
Speaker 1: can buy physical gold and maybe it goes from two

798
00:46:33,760 --> 00:46:36,359
Speaker 1: thousand to four thousand, but if I own a gold

799
00:46:36,440 --> 00:46:39,000
Speaker 1: miner stock, it could go up ten x or whatever.

800
00:46:39,320 --> 00:46:42,600
Speaker 1: It was leveraged the third piece of that, yes, so yeah,

801
00:46:43,239 --> 00:46:47,719
Speaker 1: leverage is definitely And that's what to do with uh uh,

802
00:46:48,080 --> 00:46:50,640
Speaker 1: the the increase in the price they come on it.

803
00:46:50,719 --> 00:46:53,640
Speaker 1: For instance, you know, we have seven million ounces, right,

804
00:46:53,719 --> 00:46:56,600
Speaker 1: and you could buy the stock for four dollars, okay,

805
00:46:56,880 --> 00:46:59,759
Speaker 1: and uh if it you know, if gold does go

806
00:47:00,040 --> 00:47:03,680
Speaker 1: up by two hundred dollars, it goes up two hundred

807
00:47:03,680 --> 00:47:08,360
Speaker 1: dollars on seven million ounces. Yeah, and that's it reaches

808
00:47:08,400 --> 00:47:10,880
Speaker 1: the bottom line on the market cap in our share price.

809
00:47:11,520 --> 00:47:14,799
Speaker 1: That's where that happens. So so two, the gold price

810
00:47:14,920 --> 00:47:17,279
Speaker 1: is a big jump for a four dollar stock. Yes,

811
00:47:17,680 --> 00:47:20,360
Speaker 1: so so you know, and and so that's what we

812
00:47:20,440 --> 00:47:22,560
Speaker 1: need to do. We need to show people, tell people

813
00:47:22,680 --> 00:47:25,640
Speaker 1: that that's where you get your greatest leverage with the

814
00:47:25,760 --> 00:47:28,600
Speaker 1: companies that have you know, six seven, eight million ounces.

815
00:47:28,760 --> 00:47:33,800
Speaker 1: And then it's also attractive that leverage to companies like

816
00:47:34,280 --> 00:47:36,799
Speaker 1: the large companies, they don't want to work on a million,

817
00:47:36,840 --> 00:47:40,280
Speaker 1: two million ounce deposits, they want to work on five

818
00:47:40,400 --> 00:47:43,480
Speaker 1: six seven million ounce deposits because it's the same work.

819
00:47:43,719 --> 00:47:47,280
Speaker 1: They've got to deploy the same type of intelligence and people.

820
00:47:48,160 --> 00:47:49,880
Speaker 1: So they are always looking for bigger and bigger, and

821
00:47:49,880 --> 00:47:52,440
Speaker 1: they need something that that moves the needle on them.

822
00:47:53,160 --> 00:47:56,520
Speaker 1: Good point, good point. So so that's good. And then

823
00:47:56,560 --> 00:47:59,799
Speaker 1: if you're looking for financing for to build the mind,

824
00:48:00,160 --> 00:48:03,359
Speaker 1: having those seven million ounces gives the lender a lot

825
00:48:03,440 --> 00:48:05,719
Speaker 1: more comfort that they're going to get their money back,

826
00:48:06,800 --> 00:48:10,200
Speaker 1: So that's another good. So so that gives me lots

827
00:48:10,239 --> 00:48:16,160
Speaker 1: of optionality, you know, in either selling or building and

828
00:48:16,360 --> 00:48:18,640
Speaker 1: and you know, and that decision will come down on

829
00:48:19,120 --> 00:48:22,320
Speaker 1: what's best for the shareholder. Okay. And another thing that

830
00:48:22,360 --> 00:48:25,320
Speaker 1: I might add a success is because I'm usually a

831
00:48:25,400 --> 00:48:29,880
Speaker 1: big shareholder, I think like a shareholder. I want the

832
00:48:29,920 --> 00:48:33,720
Speaker 1: same things like a shareholder. That is a high share price.

833
00:48:34,440 --> 00:48:38,120
Speaker 1: So it's good to have your CEO, your chairman, the

834
00:48:38,239 --> 00:48:43,680
Speaker 1: board of you know, own a lot of shares by

835
00:48:44,160 --> 00:48:48,200
Speaker 1: share value. Do they have skin and do they have

836
00:48:48,239 --> 00:48:50,120
Speaker 1: skin in the game. Weally have skin in the game,

837
00:48:50,200 --> 00:48:53,000
Speaker 1: and you know, and you know because because that's the

838
00:48:53,080 --> 00:48:55,520
Speaker 1: real thing. They'll say, you know, when you've got you know,

839
00:48:55,719 --> 00:48:58,719
Speaker 1: four million shares, they go, do I want to dilute?

840
00:48:59,239 --> 00:49:01,480
Speaker 1: I'm thinking like them, do I want to dilute my

841
00:49:02,280 --> 00:49:05,920
Speaker 1: my fellow shareholders? So you think twice about it? Great,

842
00:49:06,280 --> 00:49:08,520
Speaker 1: that's good stuff, good stuff. That That last point that

843
00:49:08,600 --> 00:49:09,960
Speaker 1: you just brought up is such a big one and

844
00:49:10,000 --> 00:49:11,640
Speaker 1: we didn't touch on it, and I appreciate that you

845
00:49:11,719 --> 00:49:14,120
Speaker 1: brought that up. With that, I think we'll go ahead

846
00:49:14,120 --> 00:49:15,680
Speaker 1: and wrap it up. I mean, I could keep asking

847
00:49:15,800 --> 00:49:17,600
Speaker 1: questions for so long. It's not often I get to

848
00:49:17,600 --> 00:49:19,239
Speaker 1: sit down with you, but I know you told me

849
00:49:19,280 --> 00:49:21,560
Speaker 1: I was pulling you away from your hockey game. So uh,

850
00:49:21,800 --> 00:49:25,040
Speaker 1: we'll get we'll get you back to that. Thank you

851
00:49:25,200 --> 00:49:28,640
Speaker 1: very much, Mark, I really appreciate and good to know you. Yeah. So,

852
00:49:28,800 --> 00:49:33,759
Speaker 1: Paul uh CEO of gold X gold Mining and UM,

853
00:49:33,840 --> 00:49:36,160
Speaker 1: where would people go find out more information about the

854
00:49:36,200 --> 00:49:37,719
Speaker 1: company or if they want to follow you? Do you

855
00:49:37,760 --> 00:49:40,560
Speaker 1: have anything that you want to send people to gold

856
00:49:40,640 --> 00:49:43,880
Speaker 1: next mining dot com. Uh, it's the place that to

857
00:49:44,000 --> 00:49:47,680
Speaker 1: find us, UM and we're in the t sc uh

858
00:49:48,800 --> 00:49:52,920
Speaker 1: g o xt okay cool well um, and I will

859
00:49:52,920 --> 00:49:55,040
Speaker 1: definitely link to that in the show notes for everybody

860
00:49:55,080 --> 00:49:57,279
Speaker 1: that's listening. And with that we are going to go

861
00:49:57,320 --> 00:49:59,799
Speaker 1: ahead and sign it off, so thanks again and Paul.

862
00:50:00,080 --> 00:50:03,680
Speaker 1: They chew, and tall they chew, and tall they chew,

863
00:50:03,840 --> 00:50:05,160
Speaker 1: and tall they chew.