A Focus on precious metals exploration in a bull market and what investors need to focus on when doing your due diligence

December 23, 2020

Charles Funk, President and CEO of Heliostar (TSX.V:HSTR) and VP Exploration at Vizsla Resources (TSX.V:VZLA – OTCQB:VIZSF) joins me to for a more personal discussion on how he views exploration on a wide range of projects. We discuss how rising metals prices impact exploration. As well as some general guidance on grade and jurisdiction that all investors should be aware of. M&A in the sector when it comes to the majors is also critical in understanding what stage we are in for the PM bull market. Finally we discuss 2 types of projects that can catch investors attention but in the long run should be avoided. Charles calls these CapEx Dogs and Marginal Dogs.

If you have any follow up questions for Charles regarding exploration or Heliostar please email me at

Click here to visit the Heliostar website and learn more about the Company.

    Dec 23, 2020 23:27 AM

    Hey IRISH……here is one of your sleepers……..1933 at least an AU
    On December 22, 2020 at 4:45 pm,
    Took me a little time to figure out the web site, and catalog….. 🙂

    Dec 23, 2020 23:48 AM

    off topic:

    VANCOUVER, Dec. 23, 2020 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) reports that the blockade by members of the Carrizalillo community at the Company’s Los Filos Mine in Mexico has been removed and access to the mine has been restored.
    Los Filos has begun a staged restart and is working toward achieving full operations in January. Workers will resume their duties only after testing negative for COVID-19.

    Dec 23, 2020 23:58 AM


    GSP Resource Corp. has released initial diamond drill core results from the first-stage shallow infill and confirmation drilling of the 2020 Alwin mine project drill program located in the Highland Valley copper camp of British Columbia.

    Dec 23, 2020 23:38 PM

    Copperfox continues its rise.

    Slowing down but still up over 8% at the moment.

    Dec 23, 2020 23:01 PM

    Jerry…How would you grade the 1940 penny ?

      Dec 23, 2020 23:15 PM

      BTW..Jerry..Cory cant really scold us , as we are talking about presious metals & copper.

        Dec 23, 2020 23:00 PM

        I will check it out again……Just got done going over all the coins…and looking at grading….them….

          Dec 23, 2020 23:18 PM

          I would consider the coin… least a STRONG AU….
          The only thing ist is missing is some “red”…to move it into MS state….
          Really a NICE coin…..The field is in excellent shape….the majority of the coin is strong
          a few dings on the rim,….but, really the coin is SOLID….

            Dec 23, 2020 23:22 PM

            I put it under a strong loop, for magnification and found….few problems…..
            heck , even the baby chick’s eyes wier there…. 🙂
            I do not have a grading book for these coins, but,….In my judgement,,,I still think it is a winner….

            Dec 23, 2020 23:30 PM

            What makes the coin a winner……….low mintage for the series….., considering War time copper , was in short supply….Considering the population during WW2, ….
            1940….was a historical moment for coins.
            The coin would be what I consider, a coin that FOR SURE will go up in value….
            the 1/2 crown, 1928 , not to bad either…..nice….
            The FREESTate Irish coins are very interesting…..
            Again, I am enjoying them and appreciate your kindness.
            Very Respectfully Thank you and,Merry Christmas……

    Dec 23, 2020 23:47 PM

    Always good to consider both sides of the coin. Not saying Rambus’ piece will come to fruition but in my experience I have found his chart analysis well informed and reasonably accurate.

    The fact that gold and silver reversed so quickly after Mondays stimulus news is a concern as it implies that fundamental money creation is less important than other factors in this current environment ie; Covid vaccines. With the vaccine development seemingly going from strength to strength the world over, PMs will come under more pressure in the near term I would have thought.

    A positive out of all of this could be that the sooner the vaccine development runs its course and becomes “priced in” to markets then the sooner we can look at further gains in the PMs space. Of course this is based on assumptions and one thing 2020 has taught all and sundry is to assume nothing!

      Dec 23, 2020 23:31 PM

      I don’t see any cause for concern since a lot of traders sit out thin holiday trading and others would use the recent strength to go flat and get to the sidelines. Still others are likely to speculate on the behavior of the herd by remaining cautious until the (s)election and “stimulus” are finalized.
      I have a feeling things will get very good for us before mid-January as more big money flees the stock market and chooses the best game in town.
      Sentiment got needlessly crushed with yesterday’s action and that seems bullish to me. The best moves always begin with nothing but doubt.

    Dec 23, 2020 23:48 PM

    Your point of thin volume in trading this time of year is valid Matthew and hence why short term trends this time of year should be taken with a grain of salt. That said, Im still a little concerned that we didnt see better follow through action on the back of the approved stimulus. On top of that, there now seems to be abit of tit for tat on the stimulus bill being suspended, boycotted, vetoed etc etc.

      Dec 23, 2020 23:54 PM

      I’m not sure the stimulus means much since the smart/big money knows the Fed must inflate and the commodities complex has already confirmed the inflation message that gold and silver delivered months ago. The technical picture is clearly bullish for most timeframes, particularly the most important longer term ones.
      Notice that SILJ has not made a new low since September and that the recent breakout was bullishly impulsive as it achieved greater strength in addition to a higher price than the false breakout of early November. Following that failure, SILJ bottomed on the 27th of November almost a month ago and broke out 8 days ago on the 16th of this month. Objectively, the short term picture is net bullish for SILJ which in turn is a bullish sign for the whole sector since SILJ has been much stronger than its golden counterparts yet represents the most speculative and volatile part of the sector. As you can see, yesterday was a gap-filling day since today bullishly gave no downside follow through.

        Dec 24, 2020 24:03 AM

        The weekly chart/intermediate picture is also net bullish. SILJ is still 14% above last week’s low and 20% above November’s low…

        Dec 24, 2020 24:08 AM

        it seems to beginning to look like the general stock market is going to take a good hit down soon. If this scenario plays out, then will the PM miners (majors&micro caps) also take a hit or do you think the great “decoupling” is about to take place? Your thoughts on this matter would be appreciated.

        Happy Christmas

          Dec 24, 2020 24:44 AM

          I think it would take a stock market crash to take down the miners to a degree that sets them back technically. We will probably see a decoupling (as we have in the past) if the stock market falls in a way that is not chaotic/disorderly/panicked. To be more precise, a bad day for stock can always cause a bad day for the miners but if we look at the coming intermediate moves in their entirety, the decoupling will almost certainly be dramatic. The stock market and the miners can be directionally well correlated on most days falling together and rising together but the miners will fall less on the down days and rise much more on the up days. After a few months or even weeks of that, the miners will have dramatically outperformed.
          I sure like the looks of my Hecla versus SPY:

          Happy Christmas

            Dec 24, 2020 24:16 PM

            Thanks Matt!

    Dec 24, 2020 24:04 AM

    My PM shares are over all flat, a few up a few down.
    Copperfox is up over 10% again today.

    Dec 24, 2020 24:11 AM

    Will it be Candy or Coal?
    $1920 beckons!

    Dec 24, 2020 24:11 AM

    A Karl Richter Merry Christmas to all:

    Dec 24, 2020 24:21 AM

    Kevin Oleary talking about gold miners sure doesnt like the managment of gold producers.
    He buys phyzz but wont touch a company.
    He figures the majority of the managment of gold miners have never shown an ability to manage costs.
    Well, managment is definately something to look at before investing.

      Dec 24, 2020 24:21 PM

      I certainly do not blame him……seems to be a lot of light weights in the business,.and not all the accounting statements can be checked…..Once you find a good group of management folks together, for the best interest of the company and stock holder, …keep flying with them….I am not to excited about going on the speculation band wagon with a bunch of misdirected lost souls., only after they skim off the cash for themselves…..
      I think David Morgan said he was down to about five companies, and no longer chasing the crowded sector…..