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Erik Wetterling – PDAC Review – Value Proposition In Cabral Gold, Sonoro Gold, and Cerro de Pasco

 

 

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the key takeaways he got from attending the recent PDAC conference in terms of attendance, investor sentiment, reaction to company newsflow before and during the event, and conversations with other investors and management teams.

 

In addition, he reviews the value proposition that has his attention in the corporate news and strategies from 3 advanced gold and silver developers looking to go into the 2nd wave of the Lassonde Curve on the pathway to production in the next 1-2 years

 

  >> The companies we discussed in the interview are:

 

  • Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) – On March 10, 2026, the Company announced that the Environmental Council (COEMA) for the state of Pará has issued the Licença Prévia (“LP”) for the Full Mining License at Cuiú Cuiú Gold District, Brazil.

 

  • Sonoro Gold Corp. (TSXV: SGO) (OTCQB: SMOFF) (FRA: 23SP) – On Feb. 28, 2026 the Company announced the results of an independent updated Mineral Resource Estimate (“MRE”) and updated Preliminary Economic Assessment (“PEA”) on the Company’s Cerro Caliche gold project located in Sonora State, Mexico. The PEA demonstrates the potential viability for a ten-year life of mine (“LOM”), open pit, heap leach mining operation with an initial one-year ramp up production rate of 12,000 tonnes per day (“tpd”) and an increase to 16,000 tpd for the remaining LOM.

 

  • Cerro de Pasco Resources Inc. (TSXV: CDPR) (OTCQB: GPPRF) – On March 02, 2026 they announced entering into a Project Development Funding Agreement with the U.S. International Development Finance Corporation (“DFC”), the development finance institution of the United States Government. Under the Agreement, DFC will provide up to US$5 million in milestone-based project development funding to support defined project development activities for the Quiulacocha Tailings Reprocessing Project in Peru. In addition, the Agreement states that DFC is considering the possibility of providing up to US$300 million in long term direct loan financing to support construction of the Project.

 

 

* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.]

 

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

 

 

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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.

 

Discussion
15 Comments
    Mar 12, 2026 12:11 AM

    Opportunities In Growth-Oriented Silver Producers – Part 16

    Excelsior Prosperity w/ Shad Marquitz – (03/11/2026)

    Charts and fundamental factors on Silver producers, (SILJ), Sierra Madre Gold And Silver (SM) (SMDRF) and Guanajuato Silver (GSVR) (GSVRF).

    https://excelsiorprosperity.substack.com/p/opportunities-in-growth-oriented-2ca

    Mar 12, 2026 12:30 AM

    Silver 4h…

    https://www.tradingview.com/x/U3WOO8Hh/

    This is a continuation of one of my charts from a week or two ago. Silver is in a congestion zone IMO that should resolve one way or another tomorrow.

    Mar 12, 2026 12:01 PM

    After I got stopped out the other day in HydroGraph I decided to wait it out, it looks like the correction is on. I would honestly like to see lower prices so I can get back in with more shares. I don’t believe in hope once a stock starts correcting you must step aside to preserve your capital. Capital is a traders lifeline. You have to treat trading as a business, a serious business. Buy and hold is a losing game. DT

    Mar 12, 2026 12:28 PM

    I wondered why Helium companies were spiking today, it’s because 30% of The World’s supply used to flow through the Gulf but now it can’t. Helium is mostly found with Natural gas deposits. Helium companies are taking a short term power shot. Might go nuts for a quick trade, helium and fertilizer. DT

      Mar 12, 2026 12:50 PM

      That’s an interesting datapoint DT. Thanks for sharing that on helium hitting a pinch point due to G.O.H. shutdown.

      I read it imagining it being said in “helium voice.” 🙂

    Mar 13, 2026 13:46 AM

    Those following EX and EMO: Check out ArgentoCap’s post on EMO today (3/13 ceo.ca emo) talking status of EMO. He includes one of Shad’s outstanding articles which mentions EMO with a comparison to other projects (among a lot of other issues as always). If nothing else, read Shad’s article again. It is amazing how much factual information he packs into every article he writes. It is significant that he is consider of “source of credibility” (as always).

    BDC
    Mar 13, 2026 13:21 AM

    https://www.tradingview.com/x/P2JWmNFD/
    HydroGraph : Initial Pull Back Buy

      BDC
      Mar 13, 2026 13:35 AM

      https://www.youtube.com/watch?v=KghkI5Oh_lY
      Will Graphene Supersede Silicon?
      (Lattice Structure!)

        Mar 13, 2026 13:36 PM

        You are finally starting to see the light, its not easy to get people who use charts almost exclusively to change their views. I bet now you will become a born again HydroGraph supporter. Better late than never. DT 🎉🎉🎉