1 00:00:02,240 --> 00:00:15,960 Speaker 1: Yea. Hello everyone, welcome to another episode of the Market 2 00:00:15,960 --> 00:00:18,720 Speaker 1: Disruptors Show. Today, I am sitting down with Mark Levy. 3 00:00:18,760 --> 00:00:21,600 Speaker 1: He is the chairman and CEO of North Smart Mining, 4 00:00:22,720 --> 00:00:24,600 Speaker 1: and he's someone I'm really excited to talk to. He 5 00:00:24,720 --> 00:00:27,840 Speaker 1: is a serial investor, if you will call it that. 6 00:00:27,960 --> 00:00:31,040 Speaker 1: He's had multiple multiple excess I think a billion dollars 7 00:00:31,080 --> 00:00:34,720 Speaker 1: in mining company x exits, which is just amazing. Of 8 00:00:34,760 --> 00:00:37,760 Speaker 1: course you already know I love to learn from other people. 9 00:00:37,800 --> 00:00:40,360 Speaker 1: I believe that success leaves clues. So I'm excited to 10 00:00:40,360 --> 00:00:41,560 Speaker 1: s down with you Mark today and see what we 11 00:00:41,560 --> 00:00:43,840 Speaker 1: can learn from you. So welcome to the show. Thanks 12 00:00:43,880 --> 00:00:47,040 Speaker 1: for having me Mark. Yeah. So, man, when I was 13 00:00:47,080 --> 00:00:49,880 Speaker 1: reading through your your bio and just the excess that 14 00:00:49,920 --> 00:00:52,800 Speaker 1: you had, I mean, just what an amazing track record. UM. 15 00:00:52,840 --> 00:00:55,040 Speaker 1: Definitely someone that I know we can learn a lot from. 16 00:00:55,040 --> 00:00:57,160 Speaker 1: So I'm excited to talk to you. But for those 17 00:00:57,200 --> 00:00:59,520 Speaker 1: that haven't really dug into you or haven't read your bio, 18 00:00:59,680 --> 00:01:01,600 Speaker 1: which I'm sure's a lot of people haven't, UM, give 19 00:01:01,640 --> 00:01:03,880 Speaker 1: us a breakdown kind of of of what you've done, 20 00:01:03,960 --> 00:01:06,320 Speaker 1: some of the some of the big wins. I guess sure. 21 00:01:07,080 --> 00:01:10,160 Speaker 1: I mean I started out I I guess, uh back 22 00:01:10,160 --> 00:01:12,840 Speaker 1: in the tech sector in the early days, and we 23 00:01:12,920 --> 00:01:15,880 Speaker 1: helped build out I guess when the Internet was starting 24 00:01:15,880 --> 00:01:18,440 Speaker 1: to get exciting, and we built one of the the largest 25 00:01:18,640 --> 00:01:21,360 Speaker 1: Internet service providers in Canada. We took a twenty million 26 00:01:21,400 --> 00:01:23,840 Speaker 1: dollar company to one point nine billion, and I worked 27 00:01:23,840 --> 00:01:26,640 Speaker 1: for a billionaire. So it's kind of nice to mentor 28 00:01:26,720 --> 00:01:31,720 Speaker 1: from someone with that kind of expertise, knowledge and experience. 29 00:01:31,840 --> 00:01:34,600 Speaker 1: And uh, so we wrote that for a little while 30 00:01:34,760 --> 00:01:37,319 Speaker 1: and into I guess the tech crash of two thousand 31 00:01:37,400 --> 00:01:41,840 Speaker 1: one and sideways two thousand three, and based on my 32 00:01:42,560 --> 00:01:45,080 Speaker 1: the mentors I had and one of the tech guys 33 00:01:45,120 --> 00:01:47,559 Speaker 1: I worked for was actually a mining guy as well, 34 00:01:48,080 --> 00:01:49,880 Speaker 1: and he kind of opened my eyes to the mining 35 00:01:49,920 --> 00:01:53,880 Speaker 1: sector a little bit. And No. Three and uh built 36 00:01:53,880 --> 00:01:57,960 Speaker 1: out a team and decided to take control of mining 37 00:01:58,000 --> 00:02:01,680 Speaker 1: company and build my own company and got involved in 38 00:02:01,720 --> 00:02:05,280 Speaker 1: the mining sector. And later three yearly oh four and 39 00:02:05,600 --> 00:02:08,760 Speaker 1: I founded a company called north Mont Mining, which we 40 00:02:08,880 --> 00:02:12,720 Speaker 1: label it Norris Mont one point oh um, and we 41 00:02:12,800 --> 00:02:15,320 Speaker 1: did uh. We did a large deal with a company 42 00:02:15,320 --> 00:02:17,560 Speaker 1: called Rio Tinto Large, one of the largest mining companies 43 00:02:17,560 --> 00:02:20,639 Speaker 1: in the world. We bought a copper deposit from them, 44 00:02:20,680 --> 00:02:24,960 Speaker 1: and we took it to feasibility and sold that for 45 00:02:25,080 --> 00:02:29,239 Speaker 1: five million to hut Bay Minerals in two thousand eleven, 46 00:02:30,680 --> 00:02:34,480 Speaker 1: from a from a million to five allion to five million, 47 00:02:35,000 --> 00:02:36,960 Speaker 1: so we did pretty good. Our investors made a lot 48 00:02:37,000 --> 00:02:39,600 Speaker 1: of money. Was a great accident at the peak um 49 00:02:39,720 --> 00:02:42,480 Speaker 1: good asset. Over two billions gone into the asset by 50 00:02:42,560 --> 00:02:44,560 Speaker 1: hut Bay to put in production one the largest copper 51 00:02:44,639 --> 00:02:48,160 Speaker 1: deposits going to production in the world top twenty UM. 52 00:02:48,240 --> 00:02:51,440 Speaker 1: And through that we also saw their opportunities and we 53 00:02:51,480 --> 00:02:54,640 Speaker 1: tried to acquire a company that was similar to ours 54 00:02:55,400 --> 00:02:58,079 Speaker 1: out of Panama called Petti Key of Minerals, which had 55 00:02:58,200 --> 00:03:02,160 Speaker 1: a very large copper deposit, and we couldn't come to 56 00:03:02,320 --> 00:03:05,240 Speaker 1: terms of the CEO and the chairman to buy the company. 57 00:03:05,360 --> 00:03:08,200 Speaker 1: So we ended up myself and my team taking a 58 00:03:08,200 --> 00:03:11,799 Speaker 1: big stake in Pedakia and then we instituted our director, 59 00:03:11,840 --> 00:03:13,760 Speaker 1: went on the board, my CFO. We took a bit 60 00:03:13,960 --> 00:03:16,840 Speaker 1: bit of control of it and we ended up selling 61 00:03:16,840 --> 00:03:19,760 Speaker 1: that company for three fifty million to in Met Mining, 62 00:03:19,760 --> 00:03:23,840 Speaker 1: another large mining company UM. So that was another exit 63 00:03:23,880 --> 00:03:27,320 Speaker 1: that we had in two thousand eleven. And we also 64 00:03:27,400 --> 00:03:31,080 Speaker 1: invested in a coal coal coal company called coal Hunter, 65 00:03:31,840 --> 00:03:34,720 Speaker 1: which acquired some masstes in Canada and we sold that 66 00:03:34,760 --> 00:03:38,440 Speaker 1: off to Cardero Group for about fifty seven million. And 67 00:03:38,520 --> 00:03:40,960 Speaker 1: another company I was a chair of and founder was 68 00:03:41,000 --> 00:03:44,680 Speaker 1: called Real Silver. It was a silver deposit in uh Peru, 69 00:03:44,760 --> 00:03:48,240 Speaker 1: which we sold off as well. So we exited UM 70 00:03:48,360 --> 00:03:51,840 Speaker 1: about nine fifty million of mining companies in two thousand eleven, 71 00:03:52,520 --> 00:03:55,200 Speaker 1: and I think that was kind of towards the end 72 00:03:55,240 --> 00:03:59,840 Speaker 1: of the mining cycle. And uh then we kind of 73 00:04:00,360 --> 00:04:03,640 Speaker 1: went off looking at other opportunities and UH we we 74 00:04:03,760 --> 00:04:07,960 Speaker 1: ventured into UH oil and gas a little bit. We 75 00:04:08,000 --> 00:04:10,840 Speaker 1: looked at the crypto space. Obviously that was quite an 76 00:04:10,840 --> 00:04:13,320 Speaker 1: exciting space, and because of my background at tech, it 77 00:04:13,440 --> 00:04:16,840 Speaker 1: made sense. And we took some private investments in UH 78 00:04:17,080 --> 00:04:20,920 Speaker 1: some crypto exchanges, and I had the opportunity to meet 79 00:04:20,960 --> 00:04:23,960 Speaker 1: with the Vitalic Berin who was the founder of Ethereum, 80 00:04:24,120 --> 00:04:27,640 Speaker 1: and missed out on being a partner in that um. 81 00:04:27,680 --> 00:04:32,320 Speaker 1: But we got quickly distracted with the cannabis sector and 82 00:04:32,360 --> 00:04:35,440 Speaker 1: we we learned a lot about cannabis and uh we 83 00:04:35,480 --> 00:04:38,400 Speaker 1: did some research and we saw that's kind of you know, 84 00:04:38,920 --> 00:04:43,919 Speaker 1: our generation probably yours and mine, our generation of of 85 00:04:43,920 --> 00:04:47,880 Speaker 1: of uh you know, our our parents may have had 86 00:04:47,960 --> 00:04:51,840 Speaker 1: the experience of alcohol becoming legal, and for us that 87 00:04:51,920 --> 00:04:55,080 Speaker 1: was our prohibition as cannabis. And so we got very 88 00:04:55,240 --> 00:04:58,560 Speaker 1: involved and did a lot of research, and I'm one 89 00:04:58,560 --> 00:05:01,400 Speaker 1: of the three founders that put together and took public 90 00:05:01,400 --> 00:05:03,880 Speaker 1: and funded a company called Aurora Cannabis. It was one 91 00:05:03,880 --> 00:05:07,440 Speaker 1: of the larger cannabis companies in the world, and our 92 00:05:07,480 --> 00:05:13,680 Speaker 1: investors that got in very early alongside us did incredibly well. Um, 93 00:05:13,720 --> 00:05:16,120 Speaker 1: there was a big opportunity. I mean, we we rolled 94 00:05:16,120 --> 00:05:18,400 Speaker 1: that up to about a sixteen billion dollar market cap 95 00:05:18,400 --> 00:05:21,880 Speaker 1: and now it's unfortunately trading down around a billion and change. 96 00:05:21,920 --> 00:05:24,840 Speaker 1: So um, you know, the whole sector is corrected. But 97 00:05:25,240 --> 00:05:27,800 Speaker 1: we did get involved and also one of my shells, 98 00:05:27,800 --> 00:05:29,800 Speaker 1: we took public cure Leaf, which was one of the 99 00:05:29,880 --> 00:05:32,679 Speaker 1: largest I p O. S uh in the cannabis sector, 100 00:05:33,240 --> 00:05:36,320 Speaker 1: and we got involved in a several other US cannabis 101 00:05:36,400 --> 00:05:40,480 Speaker 1: place and we liked the sector. We thought there was 102 00:05:40,560 --> 00:05:43,280 Speaker 1: opportunity there, but maybe things moved a little too quick, 103 00:05:43,839 --> 00:05:48,200 Speaker 1: and about a year ago we rebuilt our mining team 104 00:05:48,200 --> 00:05:51,040 Speaker 1: and stepped back into the mining sector, thinking that we 105 00:05:51,080 --> 00:05:56,640 Speaker 1: need exposure two precious metals and metals and mining sector 106 00:05:56,680 --> 00:05:58,680 Speaker 1: had been dead for almost a decade here and it 107 00:05:58,760 --> 00:06:02,240 Speaker 1: was time to see a comeback. And then there was 108 00:06:02,279 --> 00:06:07,040 Speaker 1: obviously some economic drivers that we'll talk about. I'm sure. Yeah. Wow, 109 00:06:07,080 --> 00:06:09,320 Speaker 1: what a what a career you've had. That's just that's 110 00:06:09,320 --> 00:06:12,680 Speaker 1: just so amazing. What I love is a couple of things. One, 111 00:06:12,760 --> 00:06:14,680 Speaker 1: how you've been able to kind of move from company 112 00:06:14,680 --> 00:06:17,400 Speaker 1: to company in and they're in different industries. So you 113 00:06:17,440 --> 00:06:21,080 Speaker 1: went from tech into a copper mine. So, UM, you 114 00:06:21,160 --> 00:06:23,000 Speaker 1: kind of jumped into a space you didn't really know 115 00:06:23,040 --> 00:06:27,040 Speaker 1: a lot about exactly, and you jumped in with both feet. Um. 116 00:06:27,080 --> 00:06:30,360 Speaker 1: You talked about like assembling a team, UM, and then 117 00:06:30,400 --> 00:06:34,000 Speaker 1: you talk about kind of taking your team from project 118 00:06:34,080 --> 00:06:35,760 Speaker 1: to project. Is that kind of how it works? Like 119 00:06:35,800 --> 00:06:38,080 Speaker 1: you've you've got the right people and now you've just 120 00:06:38,160 --> 00:06:41,760 Speaker 1: kind of continue to duplicate success with them. Yeah. So, 121 00:06:41,920 --> 00:06:46,679 Speaker 1: I mean we've got from from a technical perspective in mining. UM, 122 00:06:46,760 --> 00:06:48,960 Speaker 1: we've built out a really good team. And I, like 123 00:06:49,000 --> 00:06:51,640 Speaker 1: you said, I jumped into copper Um. There was an 124 00:06:51,720 --> 00:06:53,400 Speaker 1: article written about me, what does a tech guy know 125 00:06:53,480 --> 00:06:56,640 Speaker 1: about mining? UM? And I and I the only way 126 00:06:56,640 --> 00:06:59,440 Speaker 1: to learn is to surround yourself with experts, and so 127 00:06:59,760 --> 00:07:02,839 Speaker 1: we surround I surrounded myself with with the top notch 128 00:07:02,960 --> 00:07:06,680 Speaker 1: experts in the world and in Canada in the copper 129 00:07:06,720 --> 00:07:11,280 Speaker 1: space and engineers geologists learned from them, and uh, like 130 00:07:11,320 --> 00:07:14,000 Speaker 1: a sponge, I soaked up everything there is about copper 131 00:07:14,440 --> 00:07:17,280 Speaker 1: to the point where when I do presentations to the 132 00:07:17,400 --> 00:07:20,400 Speaker 1: large funds out of Europe, they would argue are you 133 00:07:20,440 --> 00:07:22,760 Speaker 1: a geologist or engineer? And I would have to kind 134 00:07:22,760 --> 00:07:25,160 Speaker 1: of say, well, after you make the investment, I'll give 135 00:07:25,200 --> 00:07:26,800 Speaker 1: you the answer to your question, because I wouldn't want 136 00:07:26,800 --> 00:07:29,120 Speaker 1: to insult their intelligence and let them know, well, I 137 00:07:29,200 --> 00:07:31,480 Speaker 1: was coached by really good engineers and geologists, but I'm 138 00:07:31,480 --> 00:07:34,440 Speaker 1: really not. Um. Well, yeah, I mean, look, we I've 139 00:07:34,480 --> 00:07:36,480 Speaker 1: surrounded myself with a great team in the in the 140 00:07:36,600 --> 00:07:39,800 Speaker 1: mining sector, and then we have our own internal team 141 00:07:39,880 --> 00:07:42,800 Speaker 1: here that I've worked with, which I we call our 142 00:07:42,800 --> 00:07:46,000 Speaker 1: family UM, where some of my partners we've co invested 143 00:07:46,040 --> 00:07:50,040 Speaker 1: in each other's ventures along the way as well, so 144 00:07:50,120 --> 00:07:53,280 Speaker 1: we were well capitalized internally. And then of course we've 145 00:07:53,320 --> 00:07:56,680 Speaker 1: got externally all these teams we worked with over the 146 00:07:56,760 --> 00:08:01,160 Speaker 1: years in the mining sector that we've reassembled now UM, 147 00:08:01,200 --> 00:08:03,280 Speaker 1: and we also have teams from tech sector that we 148 00:08:03,360 --> 00:08:07,440 Speaker 1: work with now they become investors in our deals because 149 00:08:07,480 --> 00:08:10,640 Speaker 1: obviously they don't have the technical expertise in the from 150 00:08:10,680 --> 00:08:15,960 Speaker 1: the resource sector perspective. Yeah, that's a that's awesome. Anybody 151 00:08:16,000 --> 00:08:18,400 Speaker 1: who's been watching this channel knows when I dig in, 152 00:08:18,440 --> 00:08:20,680 Speaker 1: I believe success leaves clues. And one thing I look 153 00:08:20,720 --> 00:08:23,920 Speaker 1: for other companies, specifically when I was really analyzing a 154 00:08:23,960 --> 00:08:26,680 Speaker 1: lot of crypto companies as they're coming up UM and 155 00:08:26,960 --> 00:08:29,720 Speaker 1: gold miners today, because I always look for the team. 156 00:08:30,000 --> 00:08:31,920 Speaker 1: I always I've always said over and over that I 157 00:08:32,000 --> 00:08:34,720 Speaker 1: don't believe a good team would go to a bad project, 158 00:08:34,800 --> 00:08:37,000 Speaker 1: right and so somebody with like a track record like yours, 159 00:08:37,240 --> 00:08:39,640 Speaker 1: you've been able to duplicate success by kind of keeping 160 00:08:39,640 --> 00:08:42,800 Speaker 1: that core team UM and so as an as an 161 00:08:42,800 --> 00:08:45,520 Speaker 1: outside investor, for me, I think that's so important because 162 00:08:45,559 --> 00:08:47,920 Speaker 1: like someone with your track record, I could imagine you 163 00:08:47,920 --> 00:08:49,960 Speaker 1: would go to a bad company to try to ruin 164 00:08:50,040 --> 00:08:54,120 Speaker 1: that track record. Right. So I invest with the team, 165 00:08:54,120 --> 00:08:56,000 Speaker 1: and I like that your philosophy is kind of the 166 00:08:56,080 --> 00:08:58,240 Speaker 1: same that you're also investing with your team as well. 167 00:08:58,960 --> 00:09:02,240 Speaker 1: UM and I want to get into UM. I want 168 00:09:02,240 --> 00:09:08,440 Speaker 1: to get into Obviously you were in cop tech, copper, silver, um, 169 00:09:08,679 --> 00:09:11,040 Speaker 1: cannabis and now you've rotated back into gold. I want 170 00:09:11,040 --> 00:09:13,800 Speaker 1: to talk about the cycles and why you see that. UM. 171 00:09:13,840 --> 00:09:15,600 Speaker 1: I want to talk about the project that you're working 172 00:09:15,640 --> 00:09:17,080 Speaker 1: on right now. I want to learn a little bit 173 00:09:17,120 --> 00:09:19,360 Speaker 1: about that. We'll we'll get into maybe some other stuff 174 00:09:19,400 --> 00:09:21,600 Speaker 1: like uranium and bitcoin, but before we do, I wanted 175 00:09:21,640 --> 00:09:23,720 Speaker 1: to just ask this question. I think a lot of 176 00:09:23,760 --> 00:09:26,120 Speaker 1: investors that are listening to this might find this helpful. 177 00:09:26,559 --> 00:09:31,200 Speaker 1: So you mentioned that before Aurora you had met Vitalic 178 00:09:31,240 --> 00:09:33,720 Speaker 1: Buderin from Ethereum, the developer of ethereum, and you had 179 00:09:33,720 --> 00:09:36,160 Speaker 1: a chance to invest into that company. UM, and it 180 00:09:36,200 --> 00:09:39,199 Speaker 1: was kind of like m M Ethereum or cannabis, right, 181 00:09:39,640 --> 00:09:42,199 Speaker 1: and UM, you decided to cannabis and you did amazing 182 00:09:42,240 --> 00:09:44,480 Speaker 1: with it. I mean you said it came from sixteen 183 00:09:44,480 --> 00:09:46,640 Speaker 1: billion down to eight or I'm sorry, down to one, 184 00:09:47,000 --> 00:09:48,319 Speaker 1: but I mean you took it from a million to 185 00:09:48,360 --> 00:09:51,480 Speaker 1: a billion, so like I mean, obviously, like we got 186 00:09:51,480 --> 00:09:54,080 Speaker 1: to focus on that so one. Um it went to 187 00:09:54,120 --> 00:09:56,880 Speaker 1: sixteen and it's back to one. So that's tough. But 188 00:09:56,920 --> 00:09:59,680 Speaker 1: also you missed out on opportunity to go into a 189 00:09:59,720 --> 00:10:03,160 Speaker 1: theory which could have made billions over there. My question 190 00:10:03,280 --> 00:10:06,760 Speaker 1: is um as an investor, How do you handle the 191 00:10:06,880 --> 00:10:11,080 Speaker 1: mindset of that, like, um, does that? Does that eat 192 00:10:11,120 --> 00:10:13,199 Speaker 1: away at you that you lost Ethereum? Is it eat 193 00:10:13,240 --> 00:10:15,240 Speaker 1: away at you that Aurora went so high and has 194 00:10:15,280 --> 00:10:17,560 Speaker 1: fallen back down? Or do you really stay focused on 195 00:10:17,640 --> 00:10:21,240 Speaker 1: what you're what you have? Yeah, I mean, you know, 196 00:10:21,360 --> 00:10:24,559 Speaker 1: I'm always thankful for what I have. I feel less 197 00:10:24,679 --> 00:10:27,960 Speaker 1: and I feel that I'm lucky despite the fact, you know, 198 00:10:28,000 --> 00:10:31,960 Speaker 1: we create our luck as well, and we create our circumstances. Um. 199 00:10:32,040 --> 00:10:34,120 Speaker 1: You know, it would be tough for me and and 200 00:10:34,320 --> 00:10:36,360 Speaker 1: to be dishonest with you and say, hey, I don't 201 00:10:36,400 --> 00:10:39,400 Speaker 1: regret you know, not doing Ethereum, because I would have 202 00:10:39,400 --> 00:10:42,400 Speaker 1: made a billion dollars on Ethereum and probably would have 203 00:10:42,480 --> 00:10:45,199 Speaker 1: another notch on my bank account and would have been 204 00:10:45,200 --> 00:10:47,800 Speaker 1: fun too, because I do like the crypto space and 205 00:10:47,800 --> 00:10:50,800 Speaker 1: believe in it as as you do. But you know, 206 00:10:51,160 --> 00:10:53,880 Speaker 1: things happen for a reason. And uh, you know, I'm 207 00:10:53,960 --> 00:10:57,200 Speaker 1: very thankful. You know, my investors in the end made 208 00:10:57,240 --> 00:11:00,600 Speaker 1: money with me. That's my job ultimately, That's how I 209 00:11:00,640 --> 00:11:03,960 Speaker 1: look at my work is to take people's money invested 210 00:11:04,080 --> 00:11:07,800 Speaker 1: wisely alongside our team and create value and create a 211 00:11:07,840 --> 00:11:10,240 Speaker 1: win for them and So you know, Aurora's a success 212 00:11:10,240 --> 00:11:14,199 Speaker 1: because we funded it at ten cents eighty five cents 213 00:11:14,240 --> 00:11:16,200 Speaker 1: a dollar. It went to sixteen dollars. So all my 214 00:11:16,280 --> 00:11:19,400 Speaker 1: guys had the opportunity to create an exit make a 215 00:11:19,400 --> 00:11:22,480 Speaker 1: lot of money. Um. Yes, it's come off recently, but 216 00:11:22,559 --> 00:11:25,880 Speaker 1: it traded you know, more than any bank in Canada Aurora, 217 00:11:26,000 --> 00:11:28,199 Speaker 1: So it was a big win for all of us. 218 00:11:28,760 --> 00:11:31,000 Speaker 1: Was it as big a win as as a metallic 219 00:11:31,160 --> 00:11:34,080 Speaker 1: and theoryum would have been absolutely not that that would 220 00:11:34,080 --> 00:11:36,880 Speaker 1: have been the bigger, the biggest win ever. But you know, 221 00:11:37,040 --> 00:11:40,440 Speaker 1: I'm a happy guy. I got too healthy kids. Um. 222 00:11:40,480 --> 00:11:42,800 Speaker 1: You know, we do well, Our investors do well, and 223 00:11:42,840 --> 00:11:45,640 Speaker 1: they're happy with our returns and they support us through 224 00:11:45,640 --> 00:11:49,320 Speaker 1: thick and thin, and ultimately, I'm just always thankful for 225 00:11:49,360 --> 00:11:52,120 Speaker 1: what I have. I never I'm never stressing for what 226 00:11:52,200 --> 00:11:54,560 Speaker 1: I could have had. A lot of guys you know, 227 00:11:54,640 --> 00:11:57,920 Speaker 1: beat themselves up on Oh well I didn't get a 228 00:11:58,360 --> 00:12:00,600 Speaker 1: percent off the table versus fifth. You know, I could 229 00:12:00,600 --> 00:12:02,760 Speaker 1: have got ten dollars this year and I sold the 230 00:12:02,760 --> 00:12:04,959 Speaker 1: company for aid. It's like, okay, well you get to 231 00:12:05,040 --> 00:12:07,480 Speaker 1: reload and reinvest with your investors in a new deal. 232 00:12:07,600 --> 00:12:11,240 Speaker 1: So you know, We're always thankful. And ultimately we've had 233 00:12:11,240 --> 00:12:16,160 Speaker 1: a good, um good winning streak over the last fifteen 234 00:12:16,200 --> 00:12:20,400 Speaker 1: plus years sixteen years, and we've got good support from 235 00:12:20,400 --> 00:12:23,760 Speaker 1: our investors, and hopefully we can add to that um. 236 00:12:23,800 --> 00:12:27,559 Speaker 1: And definitely, uh yeah, it's not uh, it's something I 237 00:12:27,600 --> 00:12:30,640 Speaker 1: think about, but not you know, of course i'd lie 238 00:12:30,679 --> 00:12:32,000 Speaker 1: to you if I don't regret it. Of course I 239 00:12:32,000 --> 00:12:35,079 Speaker 1: would regret it. But you know what, everything was a 240 00:12:35,160 --> 00:12:37,480 Speaker 1: learning experience and I love learning too. I knew nothing 241 00:12:37,480 --> 00:12:40,959 Speaker 1: about cannabis. I don't smoke cannabis. Um. Matter of fact, 242 00:12:41,080 --> 00:12:44,280 Speaker 1: funny story is just to sidetrack us, is you know 243 00:12:44,360 --> 00:12:46,280 Speaker 1: somebody famous would come in the room and I'm with 244 00:12:46,440 --> 00:12:51,400 Speaker 1: Terry and and with our CEO and c president with Aurora, 245 00:12:52,000 --> 00:12:55,400 Speaker 1: and they have Mark didn't you have that call? And 246 00:12:55,440 --> 00:12:57,680 Speaker 1: I'm like, oh, que I gotta leave because he's gonna 247 00:12:57,720 --> 00:12:59,839 Speaker 1: pass something around that I'm not gonna want to smoke. 248 00:13:01,559 --> 00:13:03,360 Speaker 1: You don't think I'm a narcers always those like so 249 00:13:03,400 --> 00:13:05,120 Speaker 1: many famous contents, and I get to meet them and 250 00:13:05,120 --> 00:13:06,760 Speaker 1: it's like, okay, market, if I had it here, now 251 00:13:08,720 --> 00:13:11,360 Speaker 1: you're not gonna smoke it, then leave the room. So 252 00:13:11,600 --> 00:13:13,880 Speaker 1: but but I learned so much about it medically as 253 00:13:13,920 --> 00:13:16,680 Speaker 1: what drove me into the interests of cannabis actually seeing 254 00:13:16,720 --> 00:13:20,360 Speaker 1: what can be done for people and helping people versus 255 00:13:20,520 --> 00:13:23,720 Speaker 1: traditional medicine. So it was a good, good, great learning 256 00:13:23,760 --> 00:13:27,440 Speaker 1: experience and definitely, uh provided brought in my horizons at 257 00:13:27,520 --> 00:13:31,679 Speaker 1: different perspective for cannabis than I did before I started. Yeah, 258 00:13:31,760 --> 00:13:33,800 Speaker 1: I love I love that, and I appreciate you sharing that. 259 00:13:33,920 --> 00:13:35,720 Speaker 1: Just you know, I talked to so many people and 260 00:13:35,720 --> 00:13:38,840 Speaker 1: I see so many comments where um, you know, I 261 00:13:38,880 --> 00:13:41,520 Speaker 1: bought this asset and it only got and I missed 262 00:13:41,559 --> 00:13:43,880 Speaker 1: this one that went up, and I see that all 263 00:13:43,920 --> 00:13:46,640 Speaker 1: the time. And uh, I just I want people to 264 00:13:46,679 --> 00:13:48,560 Speaker 1: have that perspective that you have, which is like, be 265 00:13:48,600 --> 00:13:51,320 Speaker 1: grateful for what you have right focus on That's how 266 00:13:51,360 --> 00:13:55,240 Speaker 1: we have happiness in life, I think. So I love that, UM, 267 00:13:55,320 --> 00:13:58,120 Speaker 1: And I think that's super helpful. Now, Um, you went, 268 00:13:58,240 --> 00:14:02,240 Speaker 1: you know, like I said, through all these different things, opper, silver, um, cannabis, 269 00:14:02,679 --> 00:14:06,360 Speaker 1: and now you're pivoting back into gold. Um. And you 270 00:14:06,440 --> 00:14:08,800 Speaker 1: seem to have these cycles kind of down in a 271 00:14:08,840 --> 00:14:11,360 Speaker 1: sense where you were in tech through the boom. Um. 272 00:14:11,480 --> 00:14:14,000 Speaker 1: Then you've got you exited a billion dollars in two 273 00:14:14,000 --> 00:14:16,240 Speaker 1: thousand eleven in gold, which was the top of the 274 00:14:16,320 --> 00:14:18,680 Speaker 1: last cycle. For anybody who doesn't know, that's when we 275 00:14:18,720 --> 00:14:20,960 Speaker 1: had the previous all time I was in two thousand eleven, 276 00:14:21,040 --> 00:14:25,160 Speaker 1: so perfect. They're obviously the cannabis thing, you got it right, 277 00:14:25,200 --> 00:14:27,680 Speaker 1: maybe stayed in a little bit long, um, and now 278 00:14:27,720 --> 00:14:30,600 Speaker 1: you're pivoting a gold So I'm guessing you're kind of 279 00:14:30,640 --> 00:14:33,480 Speaker 1: looking at these like big macro economic pictures and you're 280 00:14:33,480 --> 00:14:37,960 Speaker 1: seeing this trend shape up. For sure. Absolutely, I mean, 281 00:14:39,080 --> 00:14:42,320 Speaker 1: you know, I I can I saw that. Unfortunately, our 282 00:14:42,360 --> 00:14:44,560 Speaker 1: governments were taken on a lot more debt than I 283 00:14:44,600 --> 00:14:48,640 Speaker 1: think we can afford to handle. I see some uncertainties 284 00:14:48,640 --> 00:14:51,920 Speaker 1: that were coming up earlier in the year, and you 285 00:14:51,920 --> 00:14:54,480 Speaker 1: can see the price of goal was kind of inching up. 286 00:14:54,520 --> 00:14:56,680 Speaker 1: And and obviously we have a good team that's been 287 00:14:56,720 --> 00:14:58,800 Speaker 1: around that starts to talk to me and say, hey, Mark, 288 00:14:58,840 --> 00:15:00,760 Speaker 1: we should look at this. Pro Jack look at that. 289 00:15:01,280 --> 00:15:04,080 Speaker 1: And even to my own personal portfolio. I manage our 290 00:15:04,360 --> 00:15:08,040 Speaker 1: family trust and our families money, and we invest in 291 00:15:08,120 --> 00:15:10,600 Speaker 1: all the traditional you know, the bank stocks, big tech, 292 00:15:10,640 --> 00:15:13,600 Speaker 1: and I'm like, you know, I don't have any exposure 293 00:15:13,640 --> 00:15:17,520 Speaker 1: to gold. And if things go sideways. I think gold 294 00:15:17,600 --> 00:15:21,440 Speaker 1: is gonna kind of shine here. And then obviously COVID 295 00:15:21,520 --> 00:15:24,920 Speaker 1: hit and that kind of fast tracked. We were looking 296 00:15:25,000 --> 00:15:28,320 Speaker 1: at assets late last year in the first quarter of 297 00:15:28,360 --> 00:15:31,480 Speaker 1: two thousand nineteen, and then of course first quarter two 298 00:15:31,480 --> 00:15:34,160 Speaker 1: thousand twenty, the whole world went upside down with COVID, 299 00:15:34,600 --> 00:15:38,640 Speaker 1: which is exasperated things. And then obviously we stepped in 300 00:15:38,800 --> 00:15:42,960 Speaker 1: with this gold project in Norrismont Gold silver project. Uh 301 00:15:43,040 --> 00:15:45,960 Speaker 1: and uh. I think the gold bull market has started, 302 00:15:46,080 --> 00:15:49,240 Speaker 1: and you've got you know, Bank of America making predictions 303 00:15:49,240 --> 00:15:52,920 Speaker 1: of three thousand dollar gold um sprought. All the big 304 00:15:52,960 --> 00:15:55,600 Speaker 1: banks are all targeting three to five thousand all gold 305 00:15:55,680 --> 00:15:59,800 Speaker 1: and bigger gains even on silver um. So I I 306 00:16:00,480 --> 00:16:04,200 Speaker 1: unfortunately COVID has put you and I in a bad 307 00:16:04,240 --> 00:16:08,440 Speaker 1: position for our children and maybe our grandchildren, where the 308 00:16:08,520 --> 00:16:11,680 Speaker 1: debt our countries have taken on has gone up nine 309 00:16:11,760 --> 00:16:15,800 Speaker 1: or tenfold, which before they were kind of unmanageable, and 310 00:16:15,800 --> 00:16:19,760 Speaker 1: now I can imagine I had nine or tenfold. You know, 311 00:16:21,040 --> 00:16:24,520 Speaker 1: it's beyond unmanageable now. So I think now you've got 312 00:16:24,600 --> 00:16:28,840 Speaker 1: obviously a big flight to safety and hard assets, and 313 00:16:28,880 --> 00:16:32,440 Speaker 1: that's where kind of things like crypto like bitcoin and 314 00:16:32,520 --> 00:16:35,240 Speaker 1: silver and gold are seeing a lot of traction and 315 00:16:35,600 --> 00:16:39,200 Speaker 1: seeing there the price appreciation and a lot of news 316 00:16:39,200 --> 00:16:42,480 Speaker 1: flow coming out. I mean Warren Buffett, the guy that 317 00:16:42,800 --> 00:16:46,480 Speaker 1: is Mr Anti gold, never invest in gold through a 318 00:16:46,480 --> 00:16:49,680 Speaker 1: big steak into a gold company. Um. You know Eric 319 00:16:49,720 --> 00:16:52,480 Speaker 1: Sproad who is a big gold bug. Um, he just 320 00:16:52,520 --> 00:16:54,440 Speaker 1: announced a billion and a half dollars so he's gonna 321 00:16:54,440 --> 00:16:56,880 Speaker 1: buy a silver which is like, wow, that's hot off 322 00:16:56,880 --> 00:16:59,520 Speaker 1: the presses. And he's been throwing money around in gold 323 00:16:59,560 --> 00:17:02,000 Speaker 1: sector as well, and he's one of the smarter guys 324 00:17:02,440 --> 00:17:05,080 Speaker 1: in the gold sector that we all know. So I think, 325 00:17:05,160 --> 00:17:07,600 Speaker 1: you know, the gold bull market is definitely on and 326 00:17:07,640 --> 00:17:09,600 Speaker 1: I think we have a few good years for sure, 327 00:17:09,960 --> 00:17:13,480 Speaker 1: and we wanted to participate with our investors and protect 328 00:17:13,480 --> 00:17:17,000 Speaker 1: our investors by exposing them to gold and silver. Yeah. 329 00:17:17,280 --> 00:17:19,520 Speaker 1: I've seen a lot of comments that say, you know, 330 00:17:19,560 --> 00:17:21,680 Speaker 1: I wouldn't buy gold now. It's it's it's just it's 331 00:17:21,720 --> 00:17:24,600 Speaker 1: a it's an all time highs and um, I just 332 00:17:24,640 --> 00:17:27,680 Speaker 1: think that you're not really seeing the cycles right, because yes, 333 00:17:27,720 --> 00:17:30,000 Speaker 1: it's an all time high, but it reached its previous 334 00:17:30,000 --> 00:17:31,800 Speaker 1: all time in two thousand eleven at the top of 335 00:17:31,800 --> 00:17:34,360 Speaker 1: a cycle and now we're at all time high kind 336 00:17:34,400 --> 00:17:37,240 Speaker 1: of at the beginning of a cycle. Um, do you 337 00:17:37,280 --> 00:17:40,159 Speaker 1: see the same thing? No? Absolutely, And that's why you 338 00:17:40,200 --> 00:17:44,840 Speaker 1: get conservative banks even putting out predictions of gold, and 339 00:17:44,840 --> 00:17:48,480 Speaker 1: they have to be very careful. Um, they're putting out 340 00:17:48,480 --> 00:17:53,000 Speaker 1: predictions in the range. So you know, yeah, we're at 341 00:17:53,000 --> 00:17:56,840 Speaker 1: an all time high. But it's not about where we're 342 00:17:56,840 --> 00:18:00,359 Speaker 1: at today, it's where are we going and with you know, 343 00:18:00,440 --> 00:18:03,120 Speaker 1: with what's going on in the world today, the debt 344 00:18:03,200 --> 00:18:06,520 Speaker 1: that's been taken on. You know, there's some guys talking 345 00:18:06,560 --> 00:18:09,280 Speaker 1: about ten and twenty thousand dollar gold. Those people are 346 00:18:09,320 --> 00:18:12,879 Speaker 1: pretty aggressive, maybe a little bit ahead of themselves. But 347 00:18:13,280 --> 00:18:15,719 Speaker 1: can can we see a three thousand to five thousand 348 00:18:15,720 --> 00:18:19,800 Speaker 1: dollar goal price over the next three plus years? Absolutely? 349 00:18:19,880 --> 00:18:23,840 Speaker 1: And you know the banks say that so um. And 350 00:18:23,880 --> 00:18:26,960 Speaker 1: that's where you're seeing big bets being made by smart money. 351 00:18:27,000 --> 00:18:29,720 Speaker 1: I mean, Warren Buffett didn't step into gold when it 352 00:18:29,760 --> 00:18:33,800 Speaker 1: was last year. He was stepping into it this year, uh, 353 00:18:34,240 --> 00:18:38,119 Speaker 1: near near all time and he's a pretty smart trude investor. Um. 354 00:18:38,160 --> 00:18:39,960 Speaker 1: So yeah, I think we're, like you said, we're at 355 00:18:40,000 --> 00:18:42,760 Speaker 1: the beginning of a cycle here. We have several years 356 00:18:42,760 --> 00:18:47,200 Speaker 1: in this full gold bowl market if not longer. Uh, 357 00:18:47,240 --> 00:18:50,200 Speaker 1: And there's an opportunity to gain exposure through the physical 358 00:18:50,240 --> 00:18:53,200 Speaker 1: asset or the equities um G l D one of 359 00:18:53,200 --> 00:18:55,640 Speaker 1: the ets. I mean, there's been twenty five billion dollars 360 00:18:55,640 --> 00:18:59,520 Speaker 1: of flow in from institutions and funds, and these institutions 361 00:18:59,520 --> 00:19:03,560 Speaker 1: are you know, sitting on billions and billions and dollars. 362 00:19:03,560 --> 00:19:05,280 Speaker 1: They got to place it. So they're starting to take 363 00:19:05,320 --> 00:19:08,280 Speaker 1: exposure at these price points. So the smart money stepping 364 00:19:08,320 --> 00:19:10,720 Speaker 1: in right now, Yeah, just stepping in. I mean it's 365 00:19:10,720 --> 00:19:13,240 Speaker 1: really has been the last eighteen months that we've seen 366 00:19:13,320 --> 00:19:15,400 Speaker 1: the activity, and now the smart money is just kind 367 00:19:15,400 --> 00:19:18,480 Speaker 1: of coming in. You mentioned, uh, one thing that that 368 00:19:18,520 --> 00:19:21,480 Speaker 1: was interesting. So you manage your own family money or 369 00:19:21,560 --> 00:19:24,840 Speaker 1: your family office or whatever, and you had no exposure 370 00:19:24,840 --> 00:19:27,199 Speaker 1: to gold, and now you're looked at like, hey, the 371 00:19:27,240 --> 00:19:30,960 Speaker 1: cycles coming, we need to get some exposure to gold. Um. 372 00:19:31,080 --> 00:19:34,359 Speaker 1: You mentioned Rick Rule, Um, I think we're talking offline, um. 373 00:19:34,440 --> 00:19:36,400 Speaker 1: And you know I was listening to Rick Rule as well, 374 00:19:36,400 --> 00:19:38,920 Speaker 1: and he said that traditionally we've seen the institutions have 375 00:19:39,000 --> 00:19:41,160 Speaker 1: about uh, you know, one and a half two percent 376 00:19:41,200 --> 00:19:44,160 Speaker 1: allocation to gold, but right now it's down about half 377 00:19:44,160 --> 00:19:48,240 Speaker 1: of a percent um and that just like you, with 378 00:19:48,320 --> 00:19:50,640 Speaker 1: no allocation to it. You know, most people have less 379 00:19:50,640 --> 00:19:53,600 Speaker 1: than half a percent. And then we saw obviously Warren Buffett, 380 00:19:53,600 --> 00:19:57,480 Speaker 1: but then we saw the Ohio police and fire pension funds. 381 00:19:57,480 --> 00:20:02,320 Speaker 1: So they're putting five percent towards gold. And you know 382 00:20:02,359 --> 00:20:04,360 Speaker 1: what happens is once one of them does it, then 383 00:20:04,359 --> 00:20:06,639 Speaker 1: they all start jumping in and there's not enough gold 384 00:20:06,680 --> 00:20:10,879 Speaker 1: for the five percent allocation for everyone. Correct. Um, Yeah, 385 00:20:10,920 --> 00:20:13,639 Speaker 1: that it's definitely going to create a little bit of 386 00:20:13,920 --> 00:20:18,359 Speaker 1: uh uh an effect obviously where big funds stepping in 387 00:20:18,560 --> 00:20:21,600 Speaker 1: following those funds, and like you said, the exposure was 388 00:20:21,760 --> 00:20:23,560 Speaker 1: very low. So guys are you know a lot of 389 00:20:23,560 --> 00:20:29,040 Speaker 1: these funds get forced into diversifying and stepping into the 390 00:20:29,040 --> 00:20:31,879 Speaker 1: metals market. So as they grow from a half a 391 00:20:31,920 --> 00:20:35,560 Speaker 1: percent of their fund towards one, two and five percent 392 00:20:36,359 --> 00:20:39,560 Speaker 1: um and these pension funds step in, um, the price 393 00:20:39,680 --> 00:20:42,560 Speaker 1: is going to definitely, you know, based on demand, price 394 00:20:42,600 --> 00:20:46,439 Speaker 1: is gonna move um. And then it moves and then 395 00:20:46,440 --> 00:20:51,680 Speaker 1: it pulls more people in. Right. So now, um, let's 396 00:20:51,680 --> 00:20:54,280 Speaker 1: talk about so so you set up the cycle, I 397 00:20:54,280 --> 00:20:56,040 Speaker 1: I love to have your thought process behind that, So 398 00:20:56,080 --> 00:20:58,760 Speaker 1: I appreciate you sharing that, UM. And so you've you've 399 00:20:58,800 --> 00:21:01,320 Speaker 1: gone through all these things, went from cannabis and now 400 00:21:01,520 --> 00:21:04,359 Speaker 1: you realize your own you didn't have allocation to gold 401 00:21:04,359 --> 00:21:07,200 Speaker 1: in your own portfolio, your own family office portfolio. UM. 402 00:21:07,240 --> 00:21:09,199 Speaker 1: But now you also want to move back into it 403 00:21:09,240 --> 00:21:12,400 Speaker 1: on a business um level. And it seems like you'd 404 00:21:12,400 --> 00:21:15,240 Speaker 1: mentioned earlier one of your huge successes was a company 405 00:21:15,240 --> 00:21:18,000 Speaker 1: called Norsemont and you said it was a one point oh, 406 00:21:18,040 --> 00:21:20,000 Speaker 1: and now you've launched it as a two point oh. 407 00:21:20,200 --> 00:21:23,000 Speaker 1: So I kind of film me in on that, sure, 408 00:21:23,080 --> 00:21:24,840 Speaker 1: So I mean nor Small at one point oh we 409 00:21:24,920 --> 00:21:31,040 Speaker 1: had large copper acid excited um, amazing team, amazing asset uh. 410 00:21:31,080 --> 00:21:33,880 Speaker 1: And so we maintained the branding and we think it's 411 00:21:33,920 --> 00:21:38,280 Speaker 1: got good branding, good following, good pedigree, And we've reassembled 412 00:21:38,359 --> 00:21:41,160 Speaker 1: some of the team from North Small one point oh 413 00:21:41,160 --> 00:21:44,840 Speaker 1: that helped create that success. And then we've augmented it 414 00:21:44,880 --> 00:21:48,119 Speaker 1: with a few other new rock stars to the fold 415 00:21:48,640 --> 00:21:50,360 Speaker 1: um that we can talk about a little later on. 416 00:21:51,000 --> 00:21:56,240 Speaker 1: And we've acquired this Chilean gold silver asset Northern CHILEA 417 00:21:56,480 --> 00:22:01,200 Speaker 1: was actually a former producer, and you know we've put 418 00:22:01,240 --> 00:22:06,560 Speaker 1: together I think stronger team than we had before, improved 419 00:22:06,880 --> 00:22:09,920 Speaker 1: with a much larger asset that can generate a much 420 00:22:10,040 --> 00:22:13,639 Speaker 1: larger return as well for investors, and of course with 421 00:22:13,760 --> 00:22:17,640 Speaker 1: a key focus for ourselves being gold and silver at 422 00:22:17,680 --> 00:22:22,000 Speaker 1: this point in the cycle. Um, and I do like copper, however, 423 00:22:22,160 --> 00:22:25,120 Speaker 1: but right now, I think the exposure we wanted, our 424 00:22:25,160 --> 00:22:28,280 Speaker 1: investors wanted was gold and silver. It was the right 425 00:22:28,320 --> 00:22:29,800 Speaker 1: place to be and it will be I think the 426 00:22:29,880 --> 00:22:33,600 Speaker 1: right place to be for the next several years. Here. Yeah, Now, 427 00:22:33,600 --> 00:22:35,520 Speaker 1: this is a company I've been doing some research on. 428 00:22:36,040 --> 00:22:38,480 Speaker 1: It's been on my radar because I've been following teams 429 00:22:38,480 --> 00:22:40,840 Speaker 1: around and that's I kind of found it. And it 430 00:22:40,880 --> 00:22:43,760 Speaker 1: looks like you bought an existing mind that was previously 431 00:22:43,800 --> 00:22:48,440 Speaker 1: mined by uh Shell. I think it was right, correct, Yeah, 432 00:22:48,480 --> 00:22:52,680 Speaker 1: so yeah, sorry, well go ahead. Yeah. So this this 433 00:22:52,800 --> 00:22:58,680 Speaker 1: asset was mined by Shell and North Gay Minerals. It 434 00:22:58,920 --> 00:23:04,000 Speaker 1: was the third are Just gold producer in Chili at 435 00:23:04,040 --> 00:23:06,720 Speaker 1: its time in the early nineties, made a lot of 436 00:23:06,720 --> 00:23:10,320 Speaker 1: money for their owners. UH and obviously through the cycle 437 00:23:10,520 --> 00:23:13,320 Speaker 1: they spent a lot of money on the project and 438 00:23:13,680 --> 00:23:18,280 Speaker 1: UH we got an opportunity to acquire uh this asset 439 00:23:18,600 --> 00:23:21,000 Speaker 1: that the owner of Copeck, which is a very large 440 00:23:21,040 --> 00:23:24,679 Speaker 1: conglomerate in Chili. UH it was the current owner and 441 00:23:24,720 --> 00:23:27,200 Speaker 1: now of course we are UM. So there's a lot 442 00:23:27,200 --> 00:23:31,399 Speaker 1: of data. We like taking advanced stage projects because we 443 00:23:31,480 --> 00:23:35,080 Speaker 1: know there's already a resource in the ground and there's 444 00:23:35,320 --> 00:23:39,600 Speaker 1: less risk to us to not find something when we 445 00:23:39,640 --> 00:23:42,359 Speaker 1: already have it there and add value and take it 446 00:23:42,400 --> 00:23:46,639 Speaker 1: through to UH production situation or an exit UM if 447 00:23:46,680 --> 00:23:49,240 Speaker 1: you like. I can get into some of the details 448 00:23:49,280 --> 00:23:53,240 Speaker 1: of the project, but you know, at high levels, it 449 00:23:53,320 --> 00:23:55,439 Speaker 1: sounds like it's kind of the same playbook. Where so 450 00:23:55,440 --> 00:23:57,719 Speaker 1: you already mentioned your other projects, which was kind of 451 00:23:57,720 --> 00:24:01,000 Speaker 1: taking existing minds and so guess that's what you just said. 452 00:24:01,040 --> 00:24:03,080 Speaker 1: You like taking existing minds that are kind of already 453 00:24:03,080 --> 00:24:05,639 Speaker 1: proven and then and then kind of moving them further. 454 00:24:06,200 --> 00:24:10,160 Speaker 1: I guess correct. And in this situation, you know, we've 455 00:24:10,200 --> 00:24:12,800 Speaker 1: got the other thing is we've got the infrastructure in place. 456 00:24:12,880 --> 00:24:16,439 Speaker 1: So we've got an existing infrastructure worth over two million 457 00:24:16,920 --> 00:24:18,600 Speaker 1: that was already built for us that we didn't have 458 00:24:18,640 --> 00:24:21,320 Speaker 1: to pay for and it's permitted, so it's easy to 459 00:24:21,560 --> 00:24:25,960 Speaker 1: fast track this project into a production scenario. And back 460 00:24:26,000 --> 00:24:30,240 Speaker 1: in the early nineties they were just scratching the surface. 461 00:24:30,280 --> 00:24:34,359 Speaker 1: They were only mining the goal that was down you know, 462 00:24:34,480 --> 00:24:39,920 Speaker 1: fifty to seventy meters and typically in these systems, these 463 00:24:39,960 --> 00:24:43,760 Speaker 1: are epithermal gold silver systems, the gold and the silver 464 00:24:44,000 --> 00:24:47,160 Speaker 1: is down at two, so it goes all the way down. 465 00:24:47,440 --> 00:24:49,800 Speaker 1: So they just kind of took the top part. That 466 00:24:49,920 --> 00:24:53,600 Speaker 1: was easy. Mind. That made a bunch of money. Obviously 467 00:24:53,600 --> 00:24:55,600 Speaker 1: the cycle changed. You know, gold was a couple hundred 468 00:24:55,640 --> 00:24:59,840 Speaker 1: bucks and kind of you know, other people took control 469 00:24:59,880 --> 00:25:03,080 Speaker 1: of it. There was some more mining by north Gate 470 00:25:03,160 --> 00:25:07,600 Speaker 1: made money on it. And basically you know this project, 471 00:25:08,280 --> 00:25:10,639 Speaker 1: Copec acquired it, did some work on it, and we 472 00:25:10,800 --> 00:25:13,280 Speaker 1: kind of had the opportunity to acquire this kind of 473 00:25:13,400 --> 00:25:18,400 Speaker 1: before this cycle really took off, um, because they are 474 00:25:18,440 --> 00:25:22,440 Speaker 1: refocusing their energy on copper. And so we've we've acquired 475 00:25:22,480 --> 00:25:24,800 Speaker 1: an asset that has five and a half million ounces 476 00:25:24,840 --> 00:25:27,840 Speaker 1: of gold in the ground equivalent. We have gold and 477 00:25:27,880 --> 00:25:33,040 Speaker 1: silver existing infrastructure which is worth about two million. There's 478 00:25:33,080 --> 00:25:38,280 Speaker 1: been uh, drill holes about a hundred thirty thousands of drilling. 479 00:25:38,280 --> 00:25:41,720 Speaker 1: That's about fifty million dollars of drilling alone in the project. 480 00:25:41,760 --> 00:25:46,639 Speaker 1: So we're buying all that data and we're paying you know, 481 00:25:46,840 --> 00:25:49,879 Speaker 1: pennies on the dollar for that, so we're getting a 482 00:25:49,880 --> 00:25:52,679 Speaker 1: big discount to market. But we also know that we 483 00:25:52,760 --> 00:25:56,960 Speaker 1: have today five and a half million ounces, and as 484 00:25:57,000 --> 00:26:01,800 Speaker 1: we drill deeper into the project, our target and expectations 485 00:26:02,400 --> 00:26:05,240 Speaker 1: is to take that up multiple fold. And our geological 486 00:26:05,240 --> 00:26:08,879 Speaker 1: targeting about twenty million ounces we believe is here based 487 00:26:08,920 --> 00:26:13,160 Speaker 1: on drilling down three or four times deeper as well 488 00:26:13,200 --> 00:26:17,119 Speaker 1: as we've only explored about the project, and there is 489 00:26:17,200 --> 00:26:20,320 Speaker 1: a you know, we've got identified about an eight kilometer 490 00:26:20,560 --> 00:26:23,840 Speaker 1: strike which is the length of the project, where there's 491 00:26:23,880 --> 00:26:27,680 Speaker 1: another twelve targets. So we believe this project is quite robust. 492 00:26:27,800 --> 00:26:32,840 Speaker 1: We believe the opportunity to increase this deposit multiple fold, 493 00:26:33,119 --> 00:26:36,000 Speaker 1: and so we like to have a base that we 494 00:26:36,080 --> 00:26:38,840 Speaker 1: start from and grow that base. And if I'm wrong 495 00:26:38,840 --> 00:26:41,919 Speaker 1: and it's not twenty and it's fifteen, or it's thirteen 496 00:26:42,000 --> 00:26:44,879 Speaker 1: or eleven, it's a lot more than we had before, 497 00:26:45,760 --> 00:26:48,520 Speaker 1: and we de risk that and then we get into 498 00:26:48,520 --> 00:26:54,080 Speaker 1: a situation where uh potential UH mid tier large cap 499 00:26:54,080 --> 00:26:57,440 Speaker 1: company would buy us or we put it into production ourselves. 500 00:26:57,520 --> 00:27:00,560 Speaker 1: And the beauty is the productions. I goal takes a 501 00:27:00,600 --> 00:27:02,920 Speaker 1: long time, and that's the danger most of these projects 502 00:27:02,960 --> 00:27:05,639 Speaker 1: you hear about they're finding a lot of gold. That's great, 503 00:27:06,200 --> 00:27:10,400 Speaker 1: but to get a mining permit, water permit, environmental permit, 504 00:27:10,920 --> 00:27:15,480 Speaker 1: power to the project is a multi year exercise. We 505 00:27:15,520 --> 00:27:17,960 Speaker 1: already have all that. I can turn this thing on 506 00:27:18,040 --> 00:27:20,280 Speaker 1: in six months and be producing in this environment, make 507 00:27:20,359 --> 00:27:24,280 Speaker 1: cash flow. We've got the engineering team. UM. One of 508 00:27:24,280 --> 00:27:26,560 Speaker 1: the one of our key guys that's new to the 509 00:27:26,600 --> 00:27:30,760 Speaker 1: team that I talked about, David Lange. He's a mining legend. UM. 510 00:27:30,800 --> 00:27:33,639 Speaker 1: He's done billion dollars of m and A in the 511 00:27:33,680 --> 00:27:41,160 Speaker 1: mining sector. UM. He was CEO of Contenter Resources, UM, 512 00:27:41,840 --> 00:27:46,520 Speaker 1: Equinox Gold. Uh, he's been on with BEMA Gold, UH, 513 00:27:46,920 --> 00:27:51,680 Speaker 1: Endeavor Financial Endeavor Mining like these are all large, mid tier, 514 00:27:51,800 --> 00:27:55,200 Speaker 1: large cat mining companies. UM, he's with you work with 515 00:27:55,320 --> 00:27:59,800 Speaker 1: Standard Bank and so he actually put joke OLMPA or 516 00:28:00,040 --> 00:28:03,480 Speaker 1: an asset into production back in eight for Shallow. You 517 00:28:03,560 --> 00:28:06,080 Speaker 1: know we have the guy. Yeah, he's done it before. 518 00:28:06,240 --> 00:28:08,399 Speaker 1: He knows the ascid, knows the data. He's an investor 519 00:28:08,440 --> 00:28:11,199 Speaker 1: in our company. We have him on the team that 520 00:28:11,280 --> 00:28:13,480 Speaker 1: if we want to put this back into production. Who 521 00:28:13,520 --> 00:28:15,399 Speaker 1: who better is there than the guy that's turned it 522 00:28:15,400 --> 00:28:19,280 Speaker 1: on in the past. Well, that's quite a unique opportunity. 523 00:28:19,400 --> 00:28:22,840 Speaker 1: And we've we've met another gentleman. Bill Katsuras is one 524 00:28:22,840 --> 00:28:26,119 Speaker 1: of our key directors of our company. UM. He's raised 525 00:28:26,119 --> 00:28:30,840 Speaker 1: over four billion dollars UH in the mining sector, small 526 00:28:30,880 --> 00:28:32,720 Speaker 1: mid cap, He's done a bunch of M and A. 527 00:28:33,280 --> 00:28:35,320 Speaker 1: He's c F A, c c p A. He's one 528 00:28:35,359 --> 00:28:38,959 Speaker 1: of the key guys behind Endeavor Financial of Devor Mining. 529 00:28:39,480 --> 00:28:42,200 Speaker 1: He's chairman of Wheat and Precious Metals International, which is 530 00:28:42,280 --> 00:28:44,920 Speaker 1: kind of one of the largest mining companies out there. 531 00:28:45,160 --> 00:28:47,960 Speaker 1: UM knows this stuff, so I mean and and and 532 00:28:48,040 --> 00:28:50,400 Speaker 1: an investor as well. He's put his money into the company. 533 00:28:50,440 --> 00:28:54,800 Speaker 1: They're all all our team has exposure to UH, our 534 00:28:54,840 --> 00:28:58,400 Speaker 1: stock and their investors in our stock UH and believers 535 00:28:58,400 --> 00:29:00,920 Speaker 1: in in the assets. So we've got a good opportunity 536 00:29:01,000 --> 00:29:05,320 Speaker 1: here to build out our asset, advanced it to a 537 00:29:05,400 --> 00:29:07,920 Speaker 1: point where it's less risk and in the next two 538 00:29:08,000 --> 00:29:10,520 Speaker 1: years we plan to drill about fifty to sixty thousand 539 00:29:10,560 --> 00:29:13,600 Speaker 1: meters and then somebody may decide to take us out, 540 00:29:13,680 --> 00:29:16,120 Speaker 1: and if they don't, we can flip the switch and 541 00:29:16,120 --> 00:29:18,640 Speaker 1: make a production situation. And we've got a great cash 542 00:29:18,680 --> 00:29:23,840 Speaker 1: flowing opportunity for our share olders and create a dividend stock. Yeah. Yeah, 543 00:29:23,880 --> 00:29:26,480 Speaker 1: that's uh, that's some great information. Um, a lot of 544 00:29:26,520 --> 00:29:28,720 Speaker 1: that's uh. I've read about a lot of that stuff 545 00:29:28,760 --> 00:29:30,840 Speaker 1: in your materials that you have available, and I encourage 546 00:29:30,840 --> 00:29:32,040 Speaker 1: anybody to do that. As a matter of fact, I'll 547 00:29:32,080 --> 00:29:33,680 Speaker 1: link to it in the show descriptions. You can go 548 00:29:33,760 --> 00:29:36,560 Speaker 1: to their website and look at their whole um, their 549 00:29:36,560 --> 00:29:39,600 Speaker 1: whole proposal with all their information and whatever. But I'm curious, um, 550 00:29:39,640 --> 00:29:43,160 Speaker 1: some questions that aren't in that information. Which one. It 551 00:29:43,200 --> 00:29:46,160 Speaker 1: sounds like you've got this amazing asset for as you 552 00:29:46,200 --> 00:29:48,000 Speaker 1: just said, pennies on the dollar. I think it was 553 00:29:48,120 --> 00:29:50,440 Speaker 1: a ten million dollars a ten million of cash and 554 00:29:50,680 --> 00:29:55,720 Speaker 1: stock for two asset or whatever. But why would somebody 555 00:29:55,720 --> 00:29:58,400 Speaker 1: sell the asset that cheap? I mean, they didn't think 556 00:29:58,440 --> 00:30:03,280 Speaker 1: it was worth the money. So COPEC is a large conglomerate. Um, 557 00:30:03,360 --> 00:30:06,280 Speaker 1: they're investing close to a billion dollars in a copper 558 00:30:06,360 --> 00:30:09,560 Speaker 1: project in Peru. Actually that I know, Well, that will 559 00:30:09,600 --> 00:30:11,680 Speaker 1: probably spit out a couple hundred million dollars a year 560 00:30:11,680 --> 00:30:15,280 Speaker 1: a cash flow, and they do billion revenues. Um. This 561 00:30:15,360 --> 00:30:18,280 Speaker 1: was too small for them. And also at the time 562 00:30:18,320 --> 00:30:21,120 Speaker 1: we kind of structure the deal. They were exiting gold 563 00:30:21,160 --> 00:30:24,600 Speaker 1: and chili and focusing on copper, so they had a 564 00:30:24,640 --> 00:30:30,480 Speaker 1: shift towards base medals from presss medals, and this asked 565 00:30:30,520 --> 00:30:32,960 Speaker 1: they generate fifty million to their bottom line back when 566 00:30:33,040 --> 00:30:36,600 Speaker 1: gold was maybe at the time kind of it didn't 567 00:30:36,680 --> 00:30:40,239 Speaker 1: really meet the criteria for them. And and obviously they 568 00:30:40,320 --> 00:30:44,120 Speaker 1: run a very expensive staff and and and uh team, 569 00:30:44,160 --> 00:30:46,280 Speaker 1: and better to use that team on a much larger 570 00:30:46,320 --> 00:30:49,000 Speaker 1: cash flowing asset. So we stepped into the right time 571 00:30:49,000 --> 00:30:52,120 Speaker 1: before gold really ran. We were looking at their a 572 00:30:52,160 --> 00:30:54,360 Speaker 1: couple other of their assets and this was the best 573 00:30:54,440 --> 00:30:57,600 Speaker 1: one for that price. And they did participate, I mean, 574 00:30:57,760 --> 00:31:01,080 Speaker 1: the the owners of the asset stock in our company, 575 00:31:01,120 --> 00:31:03,040 Speaker 1: because they believe in the upside on it. So they 576 00:31:03,040 --> 00:31:05,760 Speaker 1: didn't just say, hey, there was another bid for all cash. 577 00:31:05,800 --> 00:31:07,680 Speaker 1: They didn't take that. They took our bid, which was 578 00:31:07,760 --> 00:31:11,520 Speaker 1: cash and stock. So there was an upside for some 579 00:31:11,600 --> 00:31:14,640 Speaker 1: of the people involved as well. So that I like that. 580 00:31:15,360 --> 00:31:17,600 Speaker 1: I like that because that means they didn't just sell 581 00:31:17,640 --> 00:31:20,160 Speaker 1: you a dad, right, they sold you an asset they 582 00:31:20,160 --> 00:31:22,360 Speaker 1: believe in as well, which is why they decided to 583 00:31:22,520 --> 00:31:24,239 Speaker 1: take the stock. If they didn't believe in it. Then 584 00:31:24,240 --> 00:31:25,760 Speaker 1: they just would have taken the cash and just been 585 00:31:25,800 --> 00:31:29,360 Speaker 1: done right exactly. So I like that answer. Yeah, I know. 586 00:31:29,480 --> 00:31:32,360 Speaker 1: It's this is what we've done before. We typically approach 587 00:31:32,480 --> 00:31:36,400 Speaker 1: a large mining companies and they have their thresholds which 588 00:31:36,400 --> 00:31:40,720 Speaker 1: are usually set pretty high, and the mid tier space 589 00:31:40,880 --> 00:31:43,120 Speaker 1: is much lower than that. So we grabbed their asset 590 00:31:43,160 --> 00:31:46,160 Speaker 1: and build it out into a mid cap mining company 591 00:31:46,160 --> 00:31:48,800 Speaker 1: and create an exit. So it's what we've done several 592 00:31:48,840 --> 00:31:52,640 Speaker 1: times before. It works for us, and it also puts 593 00:31:52,680 --> 00:31:56,040 Speaker 1: together a less risky situation for our investors because there 594 00:31:56,120 --> 00:31:59,240 Speaker 1: is data, There is an actual asset there. Even if 595 00:31:59,280 --> 00:32:03,400 Speaker 1: I don't find another ounce of gold and I go 596 00:32:03,480 --> 00:32:06,000 Speaker 1: and do some drill work and take this asset to 597 00:32:06,680 --> 00:32:10,320 Speaker 1: one oh one. Depending on which analysts and bank you follow, 598 00:32:10,440 --> 00:32:13,320 Speaker 1: they might value gold in the ground at fifty dollars 599 00:32:13,360 --> 00:32:16,240 Speaker 1: SENTI five dollars a hundred dollars. We have an asset 600 00:32:16,280 --> 00:32:19,400 Speaker 1: here that can support, uh, you know, a three to 601 00:32:19,480 --> 00:32:21,680 Speaker 1: five hundred million dollar market gap, which we put our 602 00:32:21,720 --> 00:32:23,960 Speaker 1: stock at, you know, eight or ten dollar price point. 603 00:32:24,400 --> 00:32:26,719 Speaker 1: That's it. We don't find another ounce of gold and 604 00:32:26,760 --> 00:32:29,560 Speaker 1: we just prove up what we actually have and bring 605 00:32:29,600 --> 00:32:35,000 Speaker 1: it up to you know, uh more uh one standards, 606 00:32:35,000 --> 00:32:39,560 Speaker 1: more recent standards, right. So um yeah, now, um, just 607 00:32:39,600 --> 00:32:41,880 Speaker 1: for those that aren't familiar, let's let's I want to 608 00:32:41,920 --> 00:32:44,280 Speaker 1: fill this gap a little bit. So. UM, in the 609 00:32:44,360 --> 00:32:46,680 Speaker 1: mining sector, you kind of have like the major producers, 610 00:32:46,680 --> 00:32:50,240 Speaker 1: the minor producers, and the the kind of the explorers. Um. 611 00:32:50,320 --> 00:32:53,720 Speaker 1: And right now, especially with the pandemic, I mean gold, 612 00:32:54,000 --> 00:32:56,760 Speaker 1: physical gold is like a massive shortage globally, right, I 613 00:32:56,760 --> 00:32:58,760 Speaker 1: mean you have to pay massive premium to get physical 614 00:32:59,320 --> 00:33:02,160 Speaker 1: and so seems like there's not enough gold being produced 615 00:33:02,200 --> 00:33:04,000 Speaker 1: and that might be because some are shut down because 616 00:33:04,000 --> 00:33:06,280 Speaker 1: of COVID or maybe there's just too much demand. So 617 00:33:06,280 --> 00:33:08,480 Speaker 1: you ninna have these major producers and then you have 618 00:33:08,520 --> 00:33:11,520 Speaker 1: the kind of minor producers and explorers, and those are 619 00:33:11,520 --> 00:33:13,920 Speaker 1: the ones that are right for being taken over by 620 00:33:13,960 --> 00:33:16,160 Speaker 1: the major so they can get more gold into the market. 621 00:33:16,280 --> 00:33:18,480 Speaker 1: Is that kind of how it works here? No, that's 622 00:33:18,520 --> 00:33:21,720 Speaker 1: exactly the case, and that's why we're here. We believe 623 00:33:21,720 --> 00:33:23,160 Speaker 1: that there's going to be a cycle of M and 624 00:33:23,240 --> 00:33:27,400 Speaker 1: A activity emergence acquisition activity because a lot of the 625 00:33:27,480 --> 00:33:30,520 Speaker 1: bigger goal miners I mean A, they're running out of 626 00:33:30,600 --> 00:33:33,920 Speaker 1: the product that they're mining. B for the last decade, 627 00:33:34,240 --> 00:33:38,600 Speaker 1: there's been no money put into exploration work, so there's 628 00:33:38,640 --> 00:33:41,240 Speaker 1: not been a lot of new discoveries for them to acquire. 629 00:33:41,560 --> 00:33:44,280 Speaker 1: So we do believe there will be a little bit 630 00:33:44,320 --> 00:33:47,120 Speaker 1: of a not a panic, but but we believe there 631 00:33:47,160 --> 00:33:51,400 Speaker 1: will be a huge m and A activity over the 632 00:33:51,440 --> 00:33:55,880 Speaker 1: next twelve twenty four months and we think that UH 633 00:33:56,720 --> 00:33:59,640 Speaker 1: that will be well positioned by that time, will prove 634 00:33:59,680 --> 00:34:02,680 Speaker 1: out our depose it and will be in a position 635 00:34:02,720 --> 00:34:05,400 Speaker 1: to create an exit for investors, which we've done before. 636 00:34:05,840 --> 00:34:08,279 Speaker 1: Everybody likes to talk about an exit, but we've done it. 637 00:34:08,400 --> 00:34:11,080 Speaker 1: We know what we're doing, and the beauty is if 638 00:34:11,080 --> 00:34:14,440 Speaker 1: we don't get that exit and goals moving, I mean, 639 00:34:14,680 --> 00:34:17,600 Speaker 1: typical cash costs in South America and Chile is about 640 00:34:17,600 --> 00:34:22,400 Speaker 1: eight fifty announced goal sitting at announced, we're making money 641 00:34:22,400 --> 00:34:27,560 Speaker 1: hand over fist two thou it's almost too good to 642 00:34:27,600 --> 00:34:31,040 Speaker 1: be true, and the profit margins would be significant, So 643 00:34:31,400 --> 00:34:33,759 Speaker 1: we do have the ability to turn this on we 644 00:34:33,840 --> 00:34:36,360 Speaker 1: don't have if we don't find the right buyer, we 645 00:34:36,400 --> 00:34:39,160 Speaker 1: will go into production and generate cash flow for our investors, 646 00:34:39,160 --> 00:34:42,239 Speaker 1: so we have a win either which way. UM and 647 00:34:42,280 --> 00:34:44,840 Speaker 1: I think that's kind of why we like this asset 648 00:34:44,920 --> 00:34:48,200 Speaker 1: quite a bit, and we see this being a much 649 00:34:48,560 --> 00:34:52,920 Speaker 1: lower risk situation for investors with a big payback. H 650 00:34:53,840 --> 00:34:58,719 Speaker 1: What what are the risks? Well, the risks are that 651 00:34:58,960 --> 00:35:01,600 Speaker 1: goal price if you don't believe goals. You know, if 652 00:35:01,600 --> 00:35:03,640 Speaker 1: you if you think goal is gonna go stub a thousand, 653 00:35:04,160 --> 00:35:08,759 Speaker 1: that that could impact a project like this. But I 654 00:35:09,200 --> 00:35:12,480 Speaker 1: don't think that's going to happen, maybe not even in 655 00:35:12,480 --> 00:35:15,200 Speaker 1: our generation, but I don't think that's going to happen 656 00:35:15,200 --> 00:35:18,040 Speaker 1: over the next decade at least. Um. And a lot 657 00:35:18,080 --> 00:35:21,000 Speaker 1: of the goal projects that you see out there, UM, 658 00:35:21,080 --> 00:35:26,239 Speaker 1: they use feasibility study prices of thirteen hundred four hundred range. 659 00:35:26,560 --> 00:35:29,600 Speaker 1: So you your project needs to be feasible at thirteen 660 00:35:29,680 --> 00:35:34,600 Speaker 1: fifty to make to be considered financiable and profitable. And 661 00:35:34,640 --> 00:35:37,479 Speaker 1: our project would be you know, our cash costs would 662 00:35:37,480 --> 00:35:44,480 Speaker 1: be so at thirteen hundred we'll be making money. UM. 663 00:35:44,520 --> 00:35:48,200 Speaker 1: So I mean for our situation, it's you know, the 664 00:35:48,239 --> 00:35:53,000 Speaker 1: only thing that could happen is is uh really goal 665 00:35:53,120 --> 00:35:56,799 Speaker 1: prices dipping below that threshold where no one would fund 666 00:35:56,800 --> 00:36:01,040 Speaker 1: a production situation? Uh? Which so so, so you're past 667 00:36:01,080 --> 00:36:03,839 Speaker 1: the exploration face, so you're not the risk of not 668 00:36:04,040 --> 00:36:07,760 Speaker 1: finding gold isn't really there. No, we're a brown Field's assets, 669 00:36:07,760 --> 00:36:11,839 Speaker 1: so we're advanced stage. There is gold there. Geologically, there 670 00:36:11,920 --> 00:36:14,400 Speaker 1: is more gold there. I mean I would go on 671 00:36:14,400 --> 00:36:16,919 Speaker 1: on the record here, you know, if I don't find 672 00:36:16,920 --> 00:36:19,239 Speaker 1: any more gold that maybe I gotta throw in the 673 00:36:19,280 --> 00:36:21,400 Speaker 1: towel and call it a day. Like, there's definitely a 674 00:36:21,440 --> 00:36:24,080 Speaker 1: lot more gold here. How much there is? You know, 675 00:36:24,200 --> 00:36:28,719 Speaker 1: God's going to termine that my geologists, but realistically there's 676 00:36:28,719 --> 00:36:31,440 Speaker 1: a lot more gold based on the modeling that we 677 00:36:31,480 --> 00:36:37,080 Speaker 1: have in our geological uh knowledge and data and our engineering. Um, 678 00:36:37,160 --> 00:36:38,839 Speaker 1: how much there is. That's what we want to prove 679 00:36:38,880 --> 00:36:40,800 Speaker 1: up and that's where we want to spend you know, 680 00:36:42,320 --> 00:36:45,560 Speaker 1: million dollars drill out the project and whether we double, 681 00:36:45,640 --> 00:36:49,239 Speaker 1: triple or quadruple the size, there will be more, which 682 00:36:49,280 --> 00:36:52,480 Speaker 1: is great because that makes us more susceptible to being 683 00:36:52,480 --> 00:36:54,960 Speaker 1: acquired by a major because we have a bigger resource 684 00:36:54,960 --> 00:36:57,399 Speaker 1: and a longer lifespan on our mind and hopefully higher 685 00:36:57,440 --> 00:37:00,920 Speaker 1: grades as well. So for us, we don't see a 686 00:37:01,000 --> 00:37:05,640 Speaker 1: lot of risk in in in this project outside of 687 00:37:05,880 --> 00:37:08,200 Speaker 1: you know, things that we can't control. Force measure of 688 00:37:08,239 --> 00:37:12,239 Speaker 1: COVID could shut the world down. But I think, you know, 689 00:37:12,320 --> 00:37:16,040 Speaker 1: we're learning to adapt and we've changed. People are taking 690 00:37:16,040 --> 00:37:20,400 Speaker 1: precautions and measures. There's talk about vaccines and treatments, but 691 00:37:20,480 --> 00:37:22,759 Speaker 1: that will take time. But I think that you know, 692 00:37:22,960 --> 00:37:25,200 Speaker 1: COVID or things the act of God that we can't 693 00:37:25,200 --> 00:37:29,320 Speaker 1: really control, but the price of gold in the environment 694 00:37:29,360 --> 00:37:34,200 Speaker 1: we're in. Yeah, what about what about political risk? So 695 00:37:34,239 --> 00:37:36,920 Speaker 1: that's there's a big narrative that's being pushed. I'm sure 696 00:37:36,960 --> 00:37:40,520 Speaker 1: you're familiar with it. But this whole mining and countries 697 00:37:40,560 --> 00:37:43,680 Speaker 1: that don't have stollar swap lines with the us UM 698 00:37:43,760 --> 00:37:46,480 Speaker 1: and there's a narrative that you know, there's an extra 699 00:37:46,600 --> 00:37:48,200 Speaker 1: risk because of that. I'm sure you're familiar with that. 700 00:37:48,800 --> 00:37:52,440 Speaker 1: What's the political risk in Chili? So, Chili is the 701 00:37:52,560 --> 00:37:55,799 Speaker 1: number one global copper producer in the world, so there 702 00:37:55,800 --> 00:37:58,759 Speaker 1: are very mining centric, mining friendly. Their g d P 703 00:37:58,960 --> 00:38:02,480 Speaker 1: is dependent on mine. The government understands mining. UM. There 704 00:38:02,480 --> 00:38:08,000 Speaker 1: are top ten Fraser Institute UH for investments, so they're 705 00:38:08,040 --> 00:38:10,320 Speaker 1: they're in the top ten countries to invest in mining. 706 00:38:10,360 --> 00:38:13,839 Speaker 1: So they're pretty stable country. They're dependent on mining. UM, 707 00:38:13,920 --> 00:38:16,960 Speaker 1: we don't see it internally as a risk, but of course, 708 00:38:17,520 --> 00:38:19,760 Speaker 1: you know, even mining in the United States or Canada 709 00:38:19,880 --> 00:38:22,799 Speaker 1: carry some risk as well. UM, so that that that 710 00:38:22,880 --> 00:38:26,400 Speaker 1: could be somewhat of a risk, but h on a 711 00:38:26,440 --> 00:38:28,520 Speaker 1: on a scale of one to ten, you know, I'd 712 00:38:28,520 --> 00:38:30,799 Speaker 1: call the risk one. You know, it's very low, low 713 00:38:30,960 --> 00:38:35,560 Speaker 1: risk situation politically there because their country wouldn't survive without 714 00:38:35,560 --> 00:38:39,400 Speaker 1: mining and the revenues it generates. Sure, okay, that makes sense. 715 00:38:40,000 --> 00:38:43,440 Speaker 1: Now you've managed to move through these cycles we talked about, 716 00:38:43,480 --> 00:38:48,400 Speaker 1: from tech to copper, to silver to cannabis, not to gold. 717 00:38:48,840 --> 00:38:51,080 Speaker 1: I'm just curious. UM. I get asked quite a bit 718 00:38:51,080 --> 00:38:52,960 Speaker 1: and I haven't really been paying attention to it. So 719 00:38:52,960 --> 00:38:55,360 Speaker 1: that's why I want to ask a mining UH expert 720 00:38:55,360 --> 00:38:59,960 Speaker 1: here about uranium. UM. It's I did a recent video 721 00:39:00,080 --> 00:39:04,200 Speaker 1: talking about going to renewable energy, and it seems like 722 00:39:04,600 --> 00:39:07,640 Speaker 1: uranium is is maybe our only chance, and it seems 723 00:39:07,719 --> 00:39:10,800 Speaker 1: very hated right now, probably because of Fukushima and whatever. 724 00:39:11,360 --> 00:39:14,799 Speaker 1: UM in your mining circles and the cycles that you're 725 00:39:14,840 --> 00:39:16,799 Speaker 1: looking at. I mean, what do you think about that? 726 00:39:17,719 --> 00:39:22,120 Speaker 1: So I'm not an expert in uranium, but I am 727 00:39:22,160 --> 00:39:26,040 Speaker 1: a big believer in the space. I do believe we 728 00:39:26,080 --> 00:39:30,600 Speaker 1: need clean renewable energy. UM. I think there's some challenges 729 00:39:30,719 --> 00:39:35,720 Speaker 1: with wind power being having to be subsidized, solar power 730 00:39:35,840 --> 00:39:37,919 Speaker 1: having to be subsidized. I think we're not there yet. 731 00:39:38,280 --> 00:39:41,959 Speaker 1: But you know, it's unfortunate what happened with Fukushima and 732 00:39:41,960 --> 00:39:45,319 Speaker 1: and that kind of set the world upside down on uranium. 733 00:39:45,360 --> 00:39:48,600 Speaker 1: But I don't see us escaping it. And like you said, 734 00:39:48,680 --> 00:39:52,480 Speaker 1: it's down and out. And I think because of our conversation, 735 00:39:52,520 --> 00:39:54,719 Speaker 1: I mean, I bought a few years ago talking to 736 00:39:54,800 --> 00:39:57,920 Speaker 1: Rick Rule, he kind of thought uranium was beat up 737 00:39:57,920 --> 00:40:01,160 Speaker 1: in good time to buy. Did buy some, uh and 738 00:40:01,160 --> 00:40:03,239 Speaker 1: and based on our discussions today, I'm going to kind 739 00:40:03,239 --> 00:40:05,880 Speaker 1: of re educate myself in the space and look at 740 00:40:05,920 --> 00:40:08,960 Speaker 1: putting some money in there because I don't think as 741 00:40:09,000 --> 00:40:11,640 Speaker 1: a society in Western world, I don't think we can 742 00:40:11,680 --> 00:40:16,080 Speaker 1: get away from uranium right now. That's the cleanest, easiest 743 00:40:16,280 --> 00:40:20,040 Speaker 1: renewable energy, low costs. The price point of uranium is 744 00:40:20,560 --> 00:40:23,480 Speaker 1: you know, falling off the map. Um. But I do 745 00:40:23,560 --> 00:40:25,480 Speaker 1: think there you know that that could be a big 746 00:40:25,520 --> 00:40:29,120 Speaker 1: comeback hit here. Yeah, it might be a bit early, 747 00:40:29,280 --> 00:40:33,279 Speaker 1: but um, you know, I do think that there's no 748 00:40:33,320 --> 00:40:37,399 Speaker 1: ways around the uranium market. I'm a big believer in uranium. Yeah, 749 00:40:37,480 --> 00:40:40,040 Speaker 1: I think I'm I'm kind of agreeing exactly with you. 750 00:40:40,120 --> 00:40:41,799 Speaker 1: I think it might still be a little bit early. 751 00:40:41,880 --> 00:40:44,040 Speaker 1: I know, in California we've shut down two and we 752 00:40:44,120 --> 00:40:46,719 Speaker 1: have one more nuclear reactor running, but it's scheduled to 753 00:40:46,719 --> 00:40:49,680 Speaker 1: be shut down. Um. And then you know, Germany has 754 00:40:49,680 --> 00:40:52,360 Speaker 1: been shutting down their nuclear reactors, so it seems like 755 00:40:52,400 --> 00:40:56,360 Speaker 1: we're still almost down trending from it. So maybe we 756 00:40:56,400 --> 00:40:58,040 Speaker 1: need to kind of wait for that bottom. Maybe it's 757 00:40:58,040 --> 00:41:00,600 Speaker 1: a little early, um, but I don't know. That's why 758 00:41:00,600 --> 00:41:02,680 Speaker 1: I was. I was asking your opinions, so I appreciate you. Know, 759 00:41:02,760 --> 00:41:05,279 Speaker 1: you're you're probably a bang on there. Maybe it's a 760 00:41:05,280 --> 00:41:07,439 Speaker 1: bit too soon, but sometimes investing a bit too soon, 761 00:41:07,520 --> 00:41:10,840 Speaker 1: like the Warren Buffett principle, when nobody wants it, it 762 00:41:10,840 --> 00:41:13,560 Speaker 1: may not be a bad time to to buy it. Yeah, 763 00:41:13,680 --> 00:41:16,320 Speaker 1: I'm in southern California. I'm a surfer, so I typically 764 00:41:16,320 --> 00:41:18,399 Speaker 1: like to try to ride the waves. I don't try 765 00:41:18,440 --> 00:41:20,640 Speaker 1: to create the waves, So I'll wait for the wave 766 00:41:20,719 --> 00:41:23,799 Speaker 1: to show up and then I'll hop on it. That uh, 767 00:41:23,960 --> 00:41:28,719 Speaker 1: not not a professional knife catcher, as they say. Yes, um, 768 00:41:28,760 --> 00:41:32,960 Speaker 1: now you we also talked about tech. Obviously, you worked 769 00:41:32,960 --> 00:41:36,440 Speaker 1: and kind of lived and worked through that Internet boom, 770 00:41:36,480 --> 00:41:38,680 Speaker 1: so you you get the tech cycles and all that. 771 00:41:39,000 --> 00:41:40,960 Speaker 1: I know you met met metallic, but you don't have 772 00:41:41,000 --> 00:41:43,719 Speaker 1: a chance for etherorium. I'm curious, as a gold guy, 773 00:41:43,880 --> 00:41:47,680 Speaker 1: what do you think about bitcoin? Sure? I mean, I 774 00:41:47,680 --> 00:41:53,000 Speaker 1: I see, uh, bitcoin has been doing very well over 775 00:41:53,040 --> 00:41:56,560 Speaker 1: the last year. Um. I think it is a store 776 00:41:56,560 --> 00:42:02,759 Speaker 1: of wealth and its easily movable. UM. The younger generation, 777 00:42:03,400 --> 00:42:06,840 Speaker 1: like our kids, for example, that are more tech savvy 778 00:42:06,840 --> 00:42:09,560 Speaker 1: than we think we think we're tech savvy. Um, there 779 00:42:09,680 --> 00:42:15,400 Speaker 1: earlier adopters to uh, cryptocurrencies and bitcoin. So I do 780 00:42:15,520 --> 00:42:20,399 Speaker 1: believe that you're seeing a flight to safety. And part 781 00:42:20,440 --> 00:42:23,279 Speaker 1: of that is, you know, gold and silver is more 782 00:42:23,320 --> 00:42:26,800 Speaker 1: of the old school guys, and I think the younger 783 00:42:26,840 --> 00:42:30,600 Speaker 1: generations crypto and even you know, guys like you and 784 00:42:30,640 --> 00:42:34,280 Speaker 1: I probably own some crypto as well besides our kids. 785 00:42:34,520 --> 00:42:37,360 Speaker 1: So I think, you know, bitcoin is probably a great 786 00:42:37,400 --> 00:42:41,080 Speaker 1: store of wealth and uh that's why it's getting a 787 00:42:41,080 --> 00:42:44,319 Speaker 1: lot of traction over the course the last a little 788 00:42:44,320 --> 00:42:46,640 Speaker 1: while here, and so I think, yeah, you can put 789 00:42:46,640 --> 00:42:51,839 Speaker 1: that in the same category as gold and silver as well. Yeah, 790 00:42:52,040 --> 00:42:58,800 Speaker 1: to finite, finite amount of bitcoin out there and people 791 00:42:58,800 --> 00:43:01,440 Speaker 1: are not wanting to hold currencies all around the world. 792 00:43:01,600 --> 00:43:05,440 Speaker 1: So yeah, it's interesting you talk about the different generations. 793 00:43:05,440 --> 00:43:07,200 Speaker 1: You know, I've I've kind of thrown out like my 794 00:43:07,280 --> 00:43:10,920 Speaker 1: grandparents would never own bitcoin and my grandkids would probably 795 00:43:10,960 --> 00:43:12,799 Speaker 1: never own gold. You know, you kind of have these 796 00:43:12,840 --> 00:43:15,759 Speaker 1: generations as it shifts, you know. Um. And then I 797 00:43:15,800 --> 00:43:18,680 Speaker 1: think also I was I heard yesterday some polls and 798 00:43:18,719 --> 00:43:21,479 Speaker 1: they were talking about how um it was talking about 799 00:43:21,480 --> 00:43:24,320 Speaker 1: this upcoming US presidential election cycle, and they're talking about 800 00:43:24,640 --> 00:43:27,759 Speaker 1: the polls that we ran on people's distrust of the 801 00:43:27,840 --> 00:43:31,480 Speaker 1: media and people's distrust of the government, and they're both 802 00:43:31,520 --> 00:43:33,840 Speaker 1: at like record highs. Like I think less you know, 803 00:43:33,840 --> 00:43:37,400 Speaker 1: it's like a approval rating of media and government. Um. 804 00:43:37,480 --> 00:43:41,320 Speaker 1: And I think that leads to obviously also not trusting 805 00:43:41,480 --> 00:43:44,279 Speaker 1: the government, not trusting the money, the banking system, and 806 00:43:44,320 --> 00:43:49,000 Speaker 1: then people want to buy golden bitcoin, right, oh for sure. 807 00:43:49,000 --> 00:43:52,279 Speaker 1: And I think that Uh. Fortunately, the United States and 808 00:43:52,360 --> 00:43:56,799 Speaker 1: Canada their currencies are well regarded and you know, they're 809 00:43:57,520 --> 00:44:00,440 Speaker 1: printing currencies as they need it. But other kind trees 810 00:44:01,000 --> 00:44:04,239 Speaker 1: couldn't do anything like that. So uh, and I think 811 00:44:04,280 --> 00:44:07,040 Speaker 1: a lot of people have like you said, there's there 812 00:44:07,160 --> 00:44:12,400 Speaker 1: is big mass distrust and what's going on media, media manipulation, governments. 813 00:44:12,440 --> 00:44:16,680 Speaker 1: There's a lot of frustration around the world, and people 814 00:44:16,719 --> 00:44:18,680 Speaker 1: are a little scared. People don't know what's going on. 815 00:44:18,760 --> 00:44:22,719 Speaker 1: And COVID is really created a big curveball for all that. 816 00:44:22,840 --> 00:44:26,279 Speaker 1: And I think, yeah, I think it makes sense to uh, 817 00:44:26,719 --> 00:44:31,200 Speaker 1: different generations storing their wealth in different mediums, you know. 818 00:44:31,320 --> 00:44:32,959 Speaker 1: For you and I were kind of, like you said, 819 00:44:32,960 --> 00:44:35,480 Speaker 1: caught in the middle where gold and silver is great 820 00:44:35,520 --> 00:44:38,680 Speaker 1: and and bitcoin is great. But good point you made 821 00:44:38,760 --> 00:44:42,000 Speaker 1: is like our grandkids, it's like, what's gold, what's silver? 822 00:44:42,120 --> 00:44:45,240 Speaker 1: It's going to be, you know, stored in crypto everything 823 00:44:45,280 --> 00:44:49,359 Speaker 1: only on their phones. I guess, yeah, yeah, cool. All right, 824 00:44:49,480 --> 00:44:52,000 Speaker 1: Well man, what a great conversation. I really appreciate you 825 00:44:52,000 --> 00:44:53,799 Speaker 1: taking the time that you have just to kind of 826 00:44:53,840 --> 00:44:56,319 Speaker 1: walk through that with me and um Man, I love, 827 00:44:56,400 --> 00:44:58,759 Speaker 1: I love the perspective that you've shared. So I think, 828 00:44:58,880 --> 00:45:01,759 Speaker 1: thank you so much. Want to link to um a 829 00:45:01,840 --> 00:45:05,640 Speaker 1: link to the Northmont company information if anybody wants to 830 00:45:05,680 --> 00:45:07,600 Speaker 1: see that so linked on the show. Is there anywhere 831 00:45:07,600 --> 00:45:09,680 Speaker 1: else they should go to follow you? I don't know 832 00:45:09,680 --> 00:45:12,040 Speaker 1: if you're on social media or anywhere else you want 833 00:45:12,040 --> 00:45:14,960 Speaker 1: to I'm not. I'm not as active on social media 834 00:45:14,960 --> 00:45:16,400 Speaker 1: as I should be. I mean, I've got a linked 835 00:45:16,400 --> 00:45:19,600 Speaker 1: In account. Uh. And then you know I've got Instagram 836 00:45:19,640 --> 00:45:23,160 Speaker 1: because i'mforced by my kids and family. But really, you know, 837 00:45:23,239 --> 00:45:26,440 Speaker 1: at Northmontin Mining dot com, our website has data on 838 00:45:26,480 --> 00:45:29,440 Speaker 1: our company. Um. And obviously you can go on to 839 00:45:29,600 --> 00:45:32,600 Speaker 1: either Yahoo or Bloomberg or stock watch or any of 840 00:45:32,640 --> 00:45:36,600 Speaker 1: those and and enter our kicker symbol. Uh and and 841 00:45:36,640 --> 00:45:40,840 Speaker 1: take a look at the company. Um. Uh you'll probably 842 00:45:40,960 --> 00:45:44,200 Speaker 1: put together that information. Now. That was well, actually that 843 00:45:44,280 --> 00:45:45,759 Speaker 1: that leads me to one more question as I was 844 00:45:45,760 --> 00:45:49,000 Speaker 1: wrapping it up. Sorry, but so so right now, it's 845 00:45:49,120 --> 00:45:51,400 Speaker 1: it's a it's like an O t C stock like 846 00:45:51,440 --> 00:45:54,800 Speaker 1: a pink sheet. Right. We're listed on the o c 847 00:45:54,960 --> 00:45:59,600 Speaker 1: QB under an r R S f uh. And we're 848 00:45:59,600 --> 00:46:03,120 Speaker 1: also sit on the Canadian Stock Exchange as an OM, 849 00:46:03,239 --> 00:46:06,040 Speaker 1: which was the original n O M ticker symbol for 850 00:46:06,160 --> 00:46:08,640 Speaker 1: norsemant that I sold one point hole. Oh. Now we 851 00:46:08,680 --> 00:46:11,480 Speaker 1: have the same name, same ticker symbol even in Canada, 852 00:46:11,560 --> 00:46:15,080 Speaker 1: so it's quite well recognized. Yeah, and we are we 853 00:46:15,160 --> 00:46:18,160 Speaker 1: are planning to list the company on a more senior exchange. 854 00:46:18,600 --> 00:46:21,800 Speaker 1: Our CFO cool one that I didn't talk about typically 855 00:46:21,840 --> 00:46:25,200 Speaker 1: does naz DAC deal. So he's working towards getting us 856 00:46:25,960 --> 00:46:28,120 Speaker 1: listed on the NASDAC because we think that's a better 857 00:46:28,480 --> 00:46:31,920 Speaker 1: audience for us, better access to capital, better, better liquidity. 858 00:46:32,040 --> 00:46:35,200 Speaker 1: So we are planning to move to that more senior 859 00:46:35,200 --> 00:46:39,399 Speaker 1: exchange this year. Uh. And so yeah, that was gonna 860 00:46:39,400 --> 00:46:41,480 Speaker 1: be my question. So, I mean, you started talking about, 861 00:46:41,719 --> 00:46:44,239 Speaker 1: you know, doing some mining and when it wouldn't be 862 00:46:44,239 --> 00:46:45,839 Speaker 1: that hard to get the stock up to seven eight 863 00:46:45,880 --> 00:46:48,279 Speaker 1: bucks a share. I'm just curious, at what point does 864 00:46:48,320 --> 00:46:51,799 Speaker 1: that you know, Penny stock OTC stock jump onto an 865 00:46:51,800 --> 00:46:54,920 Speaker 1: exchange is somewhat of a dependent on how big the 866 00:46:54,920 --> 00:46:58,520 Speaker 1: market cap is. Uh, there's a couple of different criteria 867 00:46:59,680 --> 00:47:04,040 Speaker 1: on In Canada, it doesn't have such a price barrier 868 00:47:04,120 --> 00:47:06,680 Speaker 1: or markcap barriers so much because where we're at right now, 869 00:47:06,719 --> 00:47:09,360 Speaker 1: we're sitting at about a hundred million UM typically for 870 00:47:09,400 --> 00:47:13,000 Speaker 1: the NASDAC the minimum is four dollars US typically, so 871 00:47:13,160 --> 00:47:16,799 Speaker 1: we have to see our stock trading at about four 872 00:47:16,840 --> 00:47:19,040 Speaker 1: dollars US. From where we are today, I think we're 873 00:47:19,080 --> 00:47:22,560 Speaker 1: at about a dollar eight U s Uh And Uh, 874 00:47:22,600 --> 00:47:26,160 Speaker 1: I think that you know, based on the drilling that 875 00:47:26,200 --> 00:47:28,800 Speaker 1: we're about to embark on and some of the work 876 00:47:28,840 --> 00:47:31,960 Speaker 1: and news that's going to come out, and getting the 877 00:47:31,960 --> 00:47:34,560 Speaker 1: word out through people like yourself. I really appreciate it. 878 00:47:34,600 --> 00:47:37,840 Speaker 1: We really haven't told the story. It's been more internal 879 00:47:37,920 --> 00:47:41,160 Speaker 1: people value added, people investing alongside us, and some very 880 00:47:41,239 --> 00:47:44,200 Speaker 1: close funds to ourselves. So we're just starting to get 881 00:47:44,200 --> 00:47:47,360 Speaker 1: the word out to the retail as well as daily. 882 00:47:47,400 --> 00:47:50,920 Speaker 1: I'm doing institutional meetings where they're coming into the market. 883 00:47:50,960 --> 00:47:52,799 Speaker 1: So you can see our prices moving up a little 884 00:47:52,800 --> 00:47:55,680 Speaker 1: bit on liquid is increasing. So as we get traction 885 00:47:55,760 --> 00:47:58,440 Speaker 1: and people realize wait a second here, Um, this is 886 00:47:58,440 --> 00:48:00,239 Speaker 1: where the hell of a lot more than it's eating 887 00:48:00,280 --> 00:48:03,200 Speaker 1: at and they figure out the reasons why. So I 888 00:48:03,200 --> 00:48:06,560 Speaker 1: think we're getting a bit of market traction here, and uh, 889 00:48:06,600 --> 00:48:08,799 Speaker 1: you know, hopefully we'll get our share price up and 890 00:48:08,800 --> 00:48:11,680 Speaker 1: and uh I think we planned to be listed on 891 00:48:11,719 --> 00:48:14,920 Speaker 1: the NAS deck before the end of the year. Nice, 892 00:48:15,080 --> 00:48:17,920 Speaker 1: that's awesome, that's good news. Well, I'll definitely be rooting 893 00:48:17,960 --> 00:48:21,000 Speaker 1: for you and watching, and uh, I'll stay in touch. 894 00:48:21,080 --> 00:48:22,839 Speaker 1: Was it was so great. I appreciate you taking taking 895 00:48:22,840 --> 00:48:25,600 Speaker 1: the time today. Yeah, I appreciate you exposing me and 896 00:48:25,920 --> 00:48:28,360 Speaker 1: definitely look forward to giving an updates and and for 897 00:48:28,400 --> 00:48:30,400 Speaker 1: you to follow up and feel free any time to 898 00:48:32,000 --> 00:48:33,880 Speaker 1: ask me any questions. I'd love to come back on 899 00:48:33,920 --> 00:48:36,279 Speaker 1: your show and provide an update after we get some 900 00:48:36,360 --> 00:48:38,680 Speaker 1: work done here. All right, Mark, thanks so much, we'll 901 00:48:38,680 --> 00:48:40,000 Speaker 1: talk Serf. Thanks a lot