Tuesday, 21 January 2020

Vancouver resource investment conference; VRIC-2020

This article reports on the Vancouver Resource Investment Conference (VRIC) and on the preceding Metals Investor Forum. In this first section, professional mining investor David Erfle offers his insights on the current junior gold sector from the VRIC.

David shares his assessment of sector sentiment, discusses some stocks in his portfolio and much more.

Audio only (the content of the talk is on screen) by David Erfle

0:15 Introduction
1:12 Assessing sentiment at VRIC
2:25 What previous year does 2020 feel like?
3:15 How much cash versus equities in your portfolio?
3:52 Discussing how funds take positions in junior miners
4:48 Gold price commentary
6:03 Growth-oriented producer David likes
6:50 Do you like royalty companies now?
7:52 Playing the pump of hot stocks
9:53 How Eric Sprott is investing differently now than in last cycle
11:58 Bullish commodities?
12:30 Final advice

David Erfle’s website: Junior Miner Junky

Metal Investor Forum

The VRIC is preceded by the Metals Investor Forum on Jan 17-18, 2020. A video on this conference by Gwen Preston, Publisher, Resource Maven "Gold: Just Getting Started".

The companies presenting at the Metals Investor Forum are as vetted as it gets – they have already cleared the high hurdle of earning the coverage from the newsletter writers’ as companies with excellent management teams, great financials and promising properties.
All newsletter writers’ stress that the first quality on that list – excellent management – is essential to the success of a junior mining company. The problem is that it’s hard to assess management without being able to look them in the eye and ask the questions that matter to you. The Metals Investor Forum gives you that time.

Brien Lundin editor of Gold Newsletter "The New Gold Bull Market" at Metals Investor Forum on Jan 17-18, 2020 in Vancouver.

Greg McCoach, The Mining Speculator "The two most certain things in life beyond death and taxes"

Joe Mazumdar of Exploration Insights "Hickory Dickory Dock". Joe Mazumdar is the associate of Brent Cook.

Continued coverage of the VRIC

Klondike Gold Corp. (CVE: KG) (OTCMKTS: KDKGF) President and CEO Peter Tallman joined Proactive's Steve Darling at the Vancouver Resource Investment Conference 2020. The gold exploration company recently updated its exploration model for its giant 576 sq km Klondike District property in Yukon, which will inform its drilling and exploration efforts in 2020.

Ross Beaty: I've never seen better macro fundamentals for gold.
Ross Beaty, chairman of Pan American Silver and Equinox Gold, says that the upcoming Equinox Gold and Leagold Mining merger may not be the last for the up-and-coming Americas-focused gold company.
"Who knows if this is going to be the last deal we do — probably not. We're a reasonably deal-friendly company, and until the model is broken that scale creates wealth by itself, you want to just keep getting bigger."
Ross Beaty was talking to the Investing News Network at the 2020 Vancouver Resource Investment Conference in Vancouver, and he spoke extensively about the merger, which is due to close in

Gold mining sensation Great Bear talks stellar growth and what’s next after 200% growth
Great Bear Resources, a junior explorer with assets in the Red Lake region in Ontario, has seen consecutive double digit stock price growth, and CEO Chris Taylor owes the company’s success to not only great people, but also their ability to avoid some common mining mistakes.
“We’ve optioned out projects in the past where I’ve loved them, geologically, and they have a big chance of making it as a discovery, but just because of a dollar spent in the ground perspective we’re better off to focus where we are,” Taylor told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “That’s a common mistake.”

Open video on a separate Youtube tab rather than the above embedded.

Gold or silver? Which mining CEO took home the top prize? Brent Cook announces winner

Brent Cook of Exploration Insights announces Kitco's mining CEO of the Year award recipients and reviews what he sees as a positive year for mining and the metals. 
Cook told Kitco News on the sidelines of the Vancouver Resource Investment Conference the silver bugs are even more supportive of the space than their gold peers.
“Silver attracts a very rabid crowd as opposed to gold, and silver bugs are much more passionate. We’ve seen silver start to move. Everything I see says that gold is set to do well,” he said. “This is going to be a good year.” 

Open video on a separate Youtube tab rather than the above embedded

Gold is like “life insurance”; Rick Rule has never seen this in his life.

With bond yields at historical lows, and even negative in some parts of the world, investors are navigating uncharted waters, and gold demand could see a surge, says Rick Rule, CEO of Sprott U.S. If you have mean reversion in terms of gold and gold-related equities, you will see between triple to quadruple demand in precious metals and precious-metals related assets,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference. He added that no prudent investor wants his life insurance to pay off because that means someone has died, and this is what gold is all about.

E.B. Tucker, director of Metalla Royalty & Streaming, interviewed by Daniela Cambone:
Gold price at $1,900 is next target and will bring masses into the metal

People are not paying attention to the next bull run, which would be driven by excessive amounts of debt around the world, and now is a good time to be positioned, said E.B. Tucker, director of Metalla Royalty & Streaming. “I think people should see the $1,900 target that we’ve been talking about as the next phase and I think it’s going to attract a lot of mainstream attention,” Tucker told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “From $1,550 to $1,900 is your chance to get positioned because no one’s watching.”

For further coverage I would like to refer to this Freegold forum thread (from the third posting onward)

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