The Catalyst To Bring Gold Stocks Into The Gold Bull Market Is Locked And Loaded
Included in this report are all of our current picks from majors down to explorers. They are a well positioned group of picks well positioned to benefit from a strong market for mining stocks.
There is a clear catalyst developing that will bring the gold stocks into the gold bull market. The gold miners are about to see a big jump in the price of gold they receive in the second quarter compared to the first quarter.
I suspect the market will start pricing in the remarkable rally in gold during the second quarter, even before the second quarter numbers come out. This will juice up the gold miner’s quarterly reports compared to the first quarter, which was impressive for some of the gold miners.
The price of gold is shaping up for the gold miners to be getting a few hundred more per ounce than the average price of gold in the first quarter. When several gold miners have blowout quarters, the fund managers will be getting questions from their large investors asking how much exposure they have to gold stocks.
Some fund managers will see the writing on the wall and anticipate the blowout quarter for some of the gold miners. The first movers will prepare before the gold miners report so the managers have exposure to gold stocks. They won’t want to go through the second quarter without having some gold stocks on their books.
Fund managers don’t really care where they get their returns from, they do care about redemptions. If they don’t have exposure to some gold stocks, the redemptions will kick in as big investors will move to managers that have exposure to gold miners. For those fund managers that own the best in class of the gold miners, they will see the best flow of funds under their management.
Agnico Eagle will be a big benefactor of this trend, they are already easily outperforming Barrick, Newmont, ETFs and gold. They have excellent controls on their production costs and made lots of money during the past two quarters. It will be a blowout in the second quarter, so they are extremely well prepared to continue outperforming their peers.
Alamos Gold is a low-cost producer with exceptional profit per ounce produced. They are another candidate for strong performance when the price of gold in the second quarter hits their bottom line.
SilverCrest’s Las Chispas mine is performing remarkably well. It has low costs of producing gold and silver, it is generating healthy free cash flow and they are another one well prepared for a blowout quarter.
McEwen Mining is a high cost producer of gold, but they are a top performer in the gold miners that bottomed en masse just prior to PDAC in early March, then took off. They are a marginal producer working to bring their costs down, increase their mined grades and increase their production. Plus, they have an important undeveloped copper mine in their portfolio. With gold and copper doing so well, they are well positioned to keep the strong performance going that they have had since just prior to the PDAC in early March.
Equinox Gold has just started producing gold at their Greenstone Mine, it will be a big leg up in their goal to be a mid-tier gold miner. For the fund managers that want to amp up their performance holding gold stocks, this is a prime candidate. Especially over the next few quarters as they switch from spending to build the Greenstone Mine, to making money off of it.
i-80 Gold has been pounded down due to a very high short position on their stock. Considering the high quality assets they have at McCoy-Cove, Granite Creek and Ruby Hill. Plus, they have processing facilities to turn these three projects into near term Nevada mines. The high short position looks like a risky bet. In reality, I think they are set up for a powerful short squeeze.
The above companies are the largest ones that I have as picks. They are well positioned to take advantage of the catalyst I see with blowout earnings for gold miners due to the much higher gold price in the second quarter of 2024 compared to the first quarter. This will ultimately prove to be the catalyst to bring the gold stocks into the gold bull market.
For too long, the gold stocks have been significantly lagging the bullish price of gold. They have needed a lifeline to get them rolling. That lifeline is immediately in front of us and not only will it help the big ones, it will also work its way down the gold stock food chain.
Silver and copper are also going to see a similar catalyst because those metals are much stronger in the second quarter than in the first quarter of 2024. I expect to see a strong market for stocks focused on those metals as well.
Every investor has heard the old market saying to sell in May and go away until Labour Day. Mining stocks often suffer from this seasonal trend. Especially in the tough markets like we have seen over the past couple of years. But, just because a seasonal trend often works, doesn’t mean it always works.
I suspect those trying to play the gold stocks, silver stocks and copper stocks based on this seasonal trend are going to wish they didn’t in 2024.
The farther you go down the mining stock food chain, you find those stocks have been the most punished during the challenging market for mining stocks over the past couple of years. I would argue that these are precisely the companies the mining sector needs the most to have success.
The key reason the supply chains for gold, silver, copper and other metals are so weak is because the industry needs more success with exploration that brings more projects into the development stages.
There is a dearth of successful exploration to find new discoveries that can turn into projects under development. With not nearly enough in development for gold, silver and copper.
Over the past couple of years, they have been starved for funding to the point that really good projects are not seeing the stock valuations to do financings at reasonable prices, many of them can’t find any money.
Plenty of the smaller companies look to be on their deathbeds. But, this is all happening when the sector crucially needs more exploration and development. For the most part, majors, mid-tiers and small miners are not finding and developing enough new mines. This will ultimately be very bullish for gold, silver, copper and other metals over the next decade and longer.
It is easy to make this prediction if you follow the trends in miners, from the majors to the smaller miners, and the projects in development and high quality exploration. The supply pipeline is already weak, and it will stay that way for a long time.
It took a couple decades or more of under investing in exploration and new mine development to create the problem that created the weak supply chains. It will take longer to fix the problem.
It has never been so hard to find and build mines, as it is now. Made even worse by the high costs to build new mines and permit them. It all takes a lot of money and time, the explorers and developers have been short of both for way too long.
These issues are very bullish for the gold stocks, silver stocks and copper stocks as the fundamentals of supply and demand have never been as strong as they are now. But, because of a prolonged bear market for these kinds of stocks, they need a fire lit under them.
The fuel for that fire is the strong price action of late in gold, silver and copper. What will ignite the fuel is when institutional investors are forced to have more exposure to gold miners as they see blowout numbers in the second quarter.
The quarter over quarter performance will be a windfall for many gold miners when they see the strength in the gold price during the second quarter hit their bottom lines.
These fund flows will be very bullish for the big miners and will start making its way down the food chain.
Are you ready to rumble?
Down The Food Chain Picks
I only have six picks of the bigger stocks because I try to find the top picks that I closely follow and feel they have unique bullish attributes. For example, I’m not interested in picking ten major gold miners, when I think I can find one that will significantly outperform their peers. Which is why Agnico Eagle is my top pick amongst majors.
I have nine picks of the smaller companies with under C$500 million valuations. But a larger group on my radar screen. I’m not posting my radar screen companies in this report, it will only be my list of current picks of smaller mining companies.
Many of my peers have a much larger collection of picks, I like to be more concentrated. That way I can monitor my picks more closely. Plus, with fewer picks I can keep readers and viewers of my reports more informed on a constant basis as companies evolve with important developments.
Goliath Resources
I want to start this report with my highest conviction gold discovery pick. Not many explorers can honestly say they have an emerging Tier 1 discovery on their hands. Based on Goliath’s drilling, I think they are one of a very small group of gold discovery companies that can honestly make that statement.
Their gold discovery is in the Golden Triangle of British Columbia, which is a prolific mining jurisdiction well known for big, high-grade mines. I’m from British Columbia and have been following this area since the days that Murray Pezim’s company made the Eskay Creek discovery.
It was a well covered story in the Vancouver newspapers. Ultimately, it turned into a very profitable gold mine. Despite being from British Columbia, and being in the mining business since 1993, and a market commentator since 2005, I only ever had a few picks from the Golden Triangle in my reports.
Two of them, Pretium Resources and GT Gold, turned out to be extremely good picks. I followed them from early in their success, covered them many times in my reports until they were both bought out and were big winners. In Goliath Resources, I can see them following a similar path to success as Pretium and GT Gold.
Goliath has made an important gold discovery at their Golddigger project. They have found widespread gold in their drilling hitting gold mineralization in almost all of their drill holes. Additionally, a very high percentage around 35% have returned visible gold in the drill holes.
They have drilled into a series of stacked zones, located in the sediments, at the contact of the sediments and volcanics, and then extending into the top of the volcanics. The zones are open for expansion along strike in all directions and at depth. I think they have the potential to find a series of stacked feeder zones in the volcanics that will lead them to the heat engine for the entire gold mineralizing systems.
These kinds of grass roots discoveries don’t come along very often any more. Why this one was not found until the Goliath geologists found it was because until recently it was covered by glaciers and they receded to expose mineralization that is widespread and easy for the Goliath geologists to spot from helicopters.
The drilling season is only a few months in the Golden Triangle, in three short seasons of drilling they have been able to complete over 200 drill holes on their discovery. They did this when the Covid pandemic was happening and the market was very challenging for funding gold exploration.
The fact that they were able to do the work and have it funded is a testament to the quality of the discovery they have found.
In 2023, they had a couple of major breakthroughs. One, was that serialy successful mining investor Rob McEwen became a key shareholder, which helped bring investor attention to the company. Then they followed that up by hitting gold in the volcanics below the sediments.
Finding that the gold system continues into the volcanics is a huge milestone. This year, a key focus of the drilling will be to drill into the volcanics below the stacked zones in the sediments. I can’t wait for the drilling to start soon because I firmly believe they will find stacked feeder zones of high-grade gold in the volcanics.
They have a very big land package that basically covers the entire southern tip of the Golden Triangle. In addition to the discovery they have already made, their early prospecting work outside the discovery shows the potential for more discoveries.
One area that I’m particularly excited about is what they call their Treasure Island target. It is a VMS target that is a large outcrop surrounded by a glacier like an island with ice around it. Sampling from it returned very high-grade gold, silver and copper. It is important to note that the Eskay Creek Mine was also a high-grade VMS and not far from Treasure Island is a historical high-grade VMS mine.
I’m looking forward to the upcoming drilling season, mainly due to them drilling into the volcanics at the Surebet discovery. Additionally, I’m excited to see them drill the Treasure Island target and other regional targets.
Outside of the Surebet discovery, they have plenty of highly prospective targets. At Surebet, it looks like they have the makings of a Tier 1 gold discovery.
Borealis Mining (sponsor, see disclosure below)
Borealis Mining is another top of my mind gold exploration pick that I’m thinking a lot about these days. I have never covered pre-public picks in my reports because even though I learn about them I wait until they are public.
With Borealis, the quality of their project is so compelling that I really can’t stop myself from writing about it even before it starts trading. I’m not the only one excited about their project in Nevada.
Prior to going public, they have been able to attract a well known group of mining executives to join their board. Plus, they were able to raise $15 million in a tough market for funding gold exploration, as a private company. This has put them in a tremendous position to launch the company as a public company soon.
They are working their way through the listing process and I’m hopeful that I can talk about them as a publicly traded company over the next few weeks.
In addition to raising funds and bringing on a powerful board of directors, they also attracted famous mining investor Eric Sprott as a big shareholder. Additionally, Rob McEwen is also a famous mining investor and he owns nearly 20% of the company’s shares.
They wouldn’t have been able to attract such an outstanding board of directors, and key wealthy shareholders if they didn’t have a fantastic project.
I often hear stories of exploration projects being compared to other great mines. All too often, they are just wishful thinking as they don’t really have the geology to back up the comparisons.
Borealis Mining’s project has been compared to the Yanacocha mine, which is South America’s most important gold mine. That is a remarkable comparison and it has the geology that suggests it is not wishful thinking.
When I was first learning about the project, what stood out to me was a 20 square mile alteration zone that I spotted from Google Earth. Big deposits leave big footprints and that alteration zone is one of the biggest in all of Nevada.
I was also impressed with the old pitts that were mined in the past. They only covered a small portion of one side of the big alteration zone. Most of the alteration zone was never drilled and is wide open for exploration.
The alteration zone covers a ridge, then as you go down the ridge, the outcropping rocks are covered with sand and dirt. Evidence that the rocks below the cover are exciting targets is that the highest grade pitt that was mined in the past is out in the covered area.
It is striking to see that the pits line up and progress from small to their biggest down the ridge and then into the covered area beside the outcropping alteration. The biggest pit has a zone right beside it with minimal drilling. But, a couple of the historical holes hit sulphides with high-grade gold not far from the oxide gold open pit.
The high-grade gold in the sulphides is very impressive because it shows the potential of being the source of where the oxide gold came from. Their CEO Kelly Malcolm is an exceptional exploration geologist. He has found millions of ounces during his career. He is so impressed with the sulphide potential that it is where he has already drilled holes that he hopes to have assays out from soon after they go public.
Another thing that is impressive with the series of open pits is that they only cover around 10% of the huge alteration zone. There is an entire corridor of outcropping alteration out into the covered area that remains open for exploration to look for more oxide and sulphide deposits.
I love doing homework on projects, and to further compare the project to Yanacocha, I went to Google Earth, found the series of pits at Yanacocha, and measured them. The pits at Yanacocha fit nicely inside the alteration zone in the ridge at Borealis Mining’s project. I didn’t even need to include the area under cover that looks prospective.
Yanacocha is an open pit oxide gold mine, now it is being considered to extend the mine beyond the oxides into the sulphides. Borealis Mining’s project has oxide gold pits on the property and drilling into the sulphides below that hit high-grade gold. This is another similarity between Borealis Mining’s project and Yanacocha.
Not only is it Nevada, one of the best mining jurisdictions in the world, it is also fully permitted so doesn’t need to go through that process and it has a processing facility built and ready to turn back on with minimal costs.
Next up for the company is to finish the listing process and become a publicly traded company and this is almost complete. Then they will have assay results from the drilling they have completed as a private company. This will be followed by additional drilling. All the drilling will put them into a position to make the plans to bring the project back into production in the short term.
It is pretty rare to have a junior with a project wide open for exploration, while also being able to consider near term gold production.
Their timing couldn’t be better to reach the above milestones. Gold is strong, there aren’t enough high quality exploration projects in the business and the industry needs more near term production stories.
Coming to market with a strong board of directors, key wealthy shareholders, a strong share structure and an outstanding project puts them in a unique position.
I feel very fortunate to be a significant shareholder, and to have them as a sponsor of my reports so we can do several interviews to follow their progress.
Kootenay Silver
Kootenay Silver is my favourite silver exploration company because their Columba project reminds me a lot of SilverCrest’s Las Chispas mine. Both have a cluster of epithermal veins, in Mexico, that have high-grade precious metals.
I see Kootenay Silver as a young SilverCrest when they were in the early days of drilling what has become the Las Chispas mine. SilverCrest is one of my picks because Las Chispas is a fantastic mine. It has a low cost of producing high-grade silver and gold. It is generating a lot of free cash flow that enabled them in a short period of time in full commercial production to pay off the debt incurred to build the mine, and build up a warchest of cash and hold back from selling some of their silver and gold production.
Basically because it has generated so much free cash that they don’t need more cash and enables them to sit on silver and gold bullion to wait for higher prices. I wish more silver and gold miners would do the same as it would help the silver and gold price and benefit their shareholders as silver and gold prices go up.
Kootenay Silver is still in the very early days of drilling at Columba. They are currently drilling with their drilling only focused on a few of the epithermal veins at Columba. SilverCrest did the same thing at Las Chispas. To this day, SilverCrest still has many untested veins at Las Chispas and the same is true for Kootenay Silver at Columba.
I would encourage you to check out the list of high-grade drill results they have reported on their website. The list is just too long to mention in this report. Trust me, you will be impressed and it is worth your time to check them out.
They are cashed up to do a lot of drilling. Next up, I will be watching for additional assays and more information about their ongoing drilling. Based on what I know about epithermal veins, and what they are learning each time they do more drilling at Columba, I have high confidence they will be able to keep delivering spectacular drill results.
Alta Copper (sponsor, see disclosure below)
The copper mining business needs a lot more projects in the development stages. A key reason there aren’t enough is because for over 10 years, the discoveries of copper projects have fallen off a cliff. This is happening while demand is growing rapidly.
Of the projects in the development stages, most are owned by major mining companies. Very few are owned by juniors like Alta Copper. Their Canariaco project ranks as one of the largest and highest grade copper development projects worldwide held by a junior.
Recently, they announced their optimized preliminary economic assessment that returned very robust numbers using a copper price much lower than the current price of copper. Tomorrow, I have an interview with Gulio Bonafacio, to discuss the optimized PEA. I recommend you watch that interview to do your due diligence and also read the news release on their website concerning the PEA.
Another development they are working on for this year is additional drilling. They have three zones, Canariaco Sur and Canariaco Norte are what the PEA is based on. I’m looking forward to additional drilling at Canariaco Sur and Canariaco Norte as it has the potential to increase the resources on the project.
Drilling between Canariaco Sur and Canariaco Norte could be exciting as well, as it has the potential to connect the two zones. If that happens, they could look at the potential to make one big pit to mine both Canariaco Norte and Canariaco Sur.
Ultimately, Alta Copper has a copper project that major copper mining companies need.
Meridian Mining
I think of Meridian Mining as an undiscovered gem despite its stock having bottomed just prior to the PDAC in March, and then has been firming up strongly. Although they are getting appreciation in their stock action, what I don’t think is as well discovered is the remarkable numbers in their PEA.
Highlights of the PEA include that it has a low capex to build at around $200 million. Due to the extremely high IRR of nearly 60%, the payback of the capex would happen within a year. These kinds of numbers are extremely rare in the mining sector. To have them in a gold-copper system is very exciting as gold and copper are very bullish, yet there are minimal opportunities like this for investors to consider.
What makes this unique is that most gold and copper projects in development cost well above $1 billion to build. They need to be developed by majors that takeover the juniors that found them and bring them toward production.
Meridian has a project with a price tag to build that is within reach of a junior. Especially, if gold and copper get stronger like I think they will and bring the stocks into the party. I hope they go the long route and build this themselves.
Basically, because they would have a cash machine of a mine on their hands. The mining industry needs more small miners that can generate remarkable free cash flow and use that to grow into a much larger miner.
VMS deposits are found in clusters, and they have a project that likely contains an entire belt of VMS deposits. This gives them potential for organic growth on their project that would benefit from a hub and spoke model. The PEA is based on only one of their VMS deposits, the others would be able to truck material to the plant on the key deposit.
They have certainly seen a significant improvement in their valuation over the past couple of months. But, I think as more investors learn about the fundamentals of their story, they will see the gem of a project that I see.
Hercules Silver
Hercules Silver has a copper discovery in Idaho that has caught the imagination of exploration stock investors. Part of the reason for that is because shortly after they announced their discovery hole, Barrick invested in Hercules Silver.
After they announced the handful of holes they got into a geophysical anomaly prior to winter setting in, they had to wait for winter to pass so they could get in for a new drilling season. Recently, they announced cranking up the drilling with three drill rigs.
Over the winter, they compiled all of the geological data, and with the help of some of Barrick’s geologists, picked the drill targets. What impressed me about the first three holes is that they are step outs from the discovery hole cutting across a key structure that looks to be associated with the mineralizing system.
I like the chances for them to not only return excellent results with the first three holes, and also lead them where to go next.
Three other areas on their project stand out to me for future drilling. One is to the immediate north of where they are drilling now, another is to the south and another is to the east. Those additional target areas have widespread geochemical anomalies and associated geophysical anomalies.
One of the things that make exploration of a new discovery challenging is having the money to go after it in a big way. They are cashed up with a deep pocketed shareholder in Barrick that is eager to add more copper mining to enhance their gold mining.
The bottom line is that Hercules is going to be able to roll up their sleeves and give this project that drilling it deserves.
NevGold Corp. (sponsor, please see disclosure below)
When Hercules Silver announced their discovery hole, they caused a staking rush, with major mining companies being large players in the staking rush. NevGold was able to be a first mover and stake an impressive project that they call the Zeus project.
The reason they were able to hit the ground running in the staking rush is partially because they had their ear to the ground as they had been in the state, exploring not far from Hercules Silver at their Nutmeg project.
Plus, they had a strong understanding of the geology of the immediate area and a team on the ground ready immediately after Hercules Silver’s discovery hole announcement.
Their Zeus project is in the same kind of rocks as Hercules Silver’s discovery. It has also seen historical mining. Often, those old miners doing hard work decades ago point modern explorers where to go. The Zeus project gives them an excellent project to join the excitement in the immediate region around Hercules Silver’s projects.
Don’t get me wrong, I’m very impressed with their Zeus project, but at this point, their Nutmeg project is more impressive to me.
Nutmeg has a resource of around 1.25 million ounces of oxide gold. But, that isn’t even what excites me the most about the project. The potential of a cluster of high-grade epithermal veins below that could have been the feeder of the oxide gold.
I’m looking forward to them drilling at both Zeus and Nutmeg. Currently, I see them as riding the coattails of Hercules Silver. But, I think Zeus and Nutmeg could turn them into a rival success story.
Dryden Gold (sponsor, see disclosure below)
They have only scratched the surface with drilling at their big project near Dryden, Ontario. This early drilling has shown good signs they are figuring out the high-grade gold potential at their vast orogenic gold system.
Not only do I think they have an exceptional project, they also have the team, led by geologists Maura Kolb and Anna Hicken, to unlock the potential. They came to the company with experience that includes finding a lot of high-grade gold at the Red Lake Mine.
The Red Lake Mine and the Dryden Gold ground have the same geological characteristics. They are high-grade gold orogenic systems in the right age of rocks.
So far, their efforts have not been rewarded with an increase in their valuation. Despite that they are hitting high-grade gold. Not the jaw dropping grades like those that had been hit on the project in the past.
But, those grades were off the charts, and the past owners of the ground were not able to follow up the extreme high-grade gold. These kinds of systems are complex as they are structurally controlled with a network of faults and the zones are narrow, steep and nuggety. This makes them both exciting and challenging.
The bottom line for me is I think Maura and Anna have the skills to unlock the project’s potential. They have the experience of finding plenty of gold in orogenic gold systems, they are learning on the fly with each drill hole and it is leading them in the right direction.
Dynasty Gold
Dynasty Gold has a project right beside Dryden Gold. Past drilling has returned impressive high-grade gold and they are about to get back to drilling in the next week or so.
At the PDAC in March, I had the chance to spend some time with their QP geologist Dr. Max Baker. I was impressed with his past experience having worked for major mining companies, plus his experience and understanding of orogenic gold systems. While talking with him, I got the distinct impression that he understands Dynasty Gold’s project and how to go after it with drilling.
Most of the past drilling on the project was mostly fairly shallow. But, the drilling a little below the past drilling hit higher grades of gold than the past drilling. What stood out to me from the drill holes Dynasty drilled was a combination. Yes, they hit high-grade to bonanza-grade gold, but they didn’t come across visible gold in the core.
What that tells me is that they are still at the top of the orogenic gold system. I’m excited about them drilling deeper with their current drilling because at some point in this kind of system they should transition into visible gold mineralization.
This is exactly what happened at the Red Lake Mine, it was a struggling mine for many years until Goldcorp got deeper into the system. When they got down to around 1000 metres, they hit the bonanza-grade portion of the system and it just kept going.
When Goldcorp was mining that bonanza-grade portion of the system, they were one of the lowest cost producers of gold in the sector while the grades were extreme and this made the mine a free cash flow machine.
I still remember back in the day when Goldcorp had a display at the PDAC, they showed off rock specimens that were unbelievable. It looked like half quartz and half gold. That sure was impressive visible gold.
I’m hoping that as Dynasty drills deeper, they start seeing more coarse gold that is visible in the core. I want to see if their discovery has the potential to go from high-grade to bonanza-grade gold near the surface in the fine grained gold to more coarse grained gold. If they can pull that off, it will change the profile of the company dramatically.
All the best,
Allan Barry Laboucan
Disclosure
i-80 Gold is a sponsor of Rocks And Stocks News, they are presented for the benefit of the company and for readers and viewers of Rocks And Stocks News reports. Allan Barry Laboucan is a shareholder of i-80 Gold’s common shares and in their tradable warrants. Allan Barry Laboucan is a shareholded of Goliath Resources’ common shares and holds warrants to purchase additional shares. Borealis Mining is a sponsor of Rocks And Stocks News, they are presented for the benefit of the company and for readers and viewers of Rocks And Stocks News reports. Allan Barry Laboucan is a shareholder of Borealis Mining’s common shares. Alta Copper is a sponsor of Rocks And Stocks News, they are presented for the benefit of the company and for readers and viewers of Rocks And Stocks News reports. Allan Barry Laboucan is a shareholder of Alta Copper. Dryden Gold is a sponsor of Rocks And Stocks News, they are presented for the benefit of the company and for readers and viewers of Rocks And Stocks News reports. Allan Barry Laboucan is a shareholder of Dryden Gold’s common shares. Allan Barry Laboucan is a shareholder of Dynasty Gold’s common shares.
Rocks And Stocks News does not make buying or selling recommendations. The reports are for information purposes only. Sponsors pay a fee to Rocks And Stocks News for content creation. The business model of Rocks And Stocks News is to fund research and reporting on the sector, picks and sponsors through corporate sponsorship. We are thankful to sponsors for enabling commentary free of charge to readers and viewers of the reports. When reporting on sponsors it is on behalf of the sponsors discussed in the portion of the report mentioning the sponsor. Before making any investment decision it is important for you to speak with your financial advisors to consider your risk profile. It is also important to do your homework. To help in that process, Rocks And Stocks News means to be a gateway by doing reports and interviews of management of sponsors and picks. The reports and interviews should not be considered investment advice. Allan Barry Laboucan is the founder and owner of Rocks And Stocks News, he has worked in the mining sector since 1993 and has been reporting on the sector since 2005. He has worked with and been mentored by very talented geoscientists in geology, geochemistry and geophysics. He uses the skills he has picked up during his career to assess sponsors and picks in the reports. Whether a company is a pick or a sponsor they go through the same filter and are reported on when important news is made that Allan Barry Laboucan wants to discuss on the Rocks And Stocks News platform. He may own shares in sponsors and picks for investment purposes which he discloses when discussing them in the reports.