Steve Todoruk – Exploration Stocks, New Discoveries, The New CRD Focus and Area Plays

May 2, 2023

Steve Todoruk, Investment Executive and Geologist at Sprott Global joins us for a discussion focused on the exploration and discovery side of the metals markets. We chat about past discoveries, which Steve says have been few and far between, the new interest in CRD plays in Nevada and the financing window open for explorers who need cash to go out and drill. Steve talks about an area play he is a bit more interested in as well as how Australian and South African companies are valued compared to North American plays.




Click here to learn more about Steve and his background in the mining sector.

    May 02, 2023 02:40 PM

    Yessir! Stopped everything I was doing to listen to this one.

    May 02, 2023 02:02 PM

    Bit of an awkward interview but he hasn’t changed his underwriting criteria at all. Great to hear him refer to i80 – pretty exciting! Which companies is he referring to in Argentina/S.America? I don’t recall seeing any 1500m 1.5% copper discoveries?

      May 02, 2023 02:39 PM

      Filo Mining’s discovery 2.5 years back, and then NGex Minerals more recently. Those have both already made big moves though on the drill news.

      Yes, nice to hear him validate the i-80 gold CRD discovery at Ruby Hill, and their recent takeover of Paycore for their neighboring FAD deposit which is also a CRD deposit there in Nevada.

      I didn’t agree with Steve that there hasn’t been any good Area Plays since the 1990’s diamonds discoveries 3 decades ago, because clearly there have been tons of them in Red Lake, the Golden Triangle, Val D’Or, the Pilbara in Australia, parts of the Yukon, Newfoundland, Western Australia near the Fosterville mine, the Walker LaneTrend in Nevada, and on… and on…and that is just for Gold.

      There have been other ones for Copper all over South America in Ecuador and then in Chile and Argentina… Also, what about the Uranium area play of the Athabasca Basin the last 10 years. Then how about James Bay, Quebec, or the Clayton Valley in Nevada, or the Lithium Triangle in South America for Lithium.

      There reality is that there have been PLENTY of Area Plays with rabid retail investors piling into near-ology claims for many many years, if the #MeToo companies land was anywhere close to a discovery or recent takeover of note. Many times the surrounding projects ended up being nothing burgers, but that didn’t stop companies and newsletter writers from pumping them, or the lemming investors from piling into the neighboring flashes in the pan.

        May 02, 2023 02:55 PM

        The lemming suicide metaphor is not based on facts, but the cockroach Walt Disney did murder thousands of the innocent rodents for dramatic effect in his 1958 movie White Wilderness.

    May 03, 2023 03:48 AM
    Mounty Geologist