We’re joined by Brien Lundin, editor of Gold Newsletter and host of the upcoming New Orleans Investment Conference (Nov 2–5). Shad and I will both be attending, and we hope to see many of you there as well.
Brien shares his insights on the remarkable run in precious metals equities and where opportunities still remain, from development-stage “optionality plays” to the surge in exploration success stories.
Key discussion points:
- Optionality plays: Once trading at $10/oz in the ground, many have rerated to $30–$50/oz. But history shows they’ve commanded $100-$300/oz in prior cycles. M&A may drive the next leg higher.
- Exploration upside: A wave of strong drill results, including standout discoveries like Prospector Metals in the Yukon, fueled by years of careful groundwork during leaner times.
- Financing boom: Juniors raising capital at unprecedented levels, often without warrants – creating both opportunity and caution around free-trading share overhangs.
- Strategic investments: Producers like Centerra Gold are increasingly backing juniors, bringing capital, technical expertise, and long-term support.
- Jurisdiction focus: Safe, established regions (Canada, Nevada, Yukon) are attracting the most capital and generating the most discoveries.
Stocks & themes discussed: Prospector Metals (TSX.V:PPP – OTCQB:PMUSP), Centerra Gold (TSX:CG – NYSE:CGAU).
Click here to learn more about the New Orleans Investment Conference on November 2-5.
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.