Erik Wetterling – Value Proposition In Amex Exploration, K2 Gold, and Goldsky Resources
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 advanced gold explorers and developers that have recently press-released significant company milestones.
>> The companies we discussed in the interview are:
Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) – On April 13th , the Company announced the results of a feasibility study (“FS”) for the Phase 1 development of the 100%-owned Perron Gold Mine, located in the Abitibi region of Québec. The Perron Gold Mine is planned to consist of multiple phases; where the Phase 1 Life of Mine (“LOM”) will utilize underground mining and toll-milling of the high-grade Champagne Zone. During Phase 1 production, efforts will be directed for assessing and developing Phase 2, which plans to further develop both underground and open pit operating areas.
Phase 2 will also contemplate the construction of an on-site mill and additional facilities to facilitate processing of the remaining mineralization. In parallel, AMEX will continue exploration activities on the newly expanded land package. That covers some 70 kilometers of strike with a consolidated land package spanning a district-scale 618.53 km².
K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) (FSE: 23K) – On April 8th, 2026 the Company announced that the U.S. Bureau of Land Management (“BLM”) has issued a positive Record of Decision (“ROD”) approving the Company’s proposed exploration drilling program at its flagship Mojave Project located in Inyo County, California.
Receipt of the ROD marks the conclusion of an extensive environmental review process conducted under the National Environmental Policy Act (“NEPA”)) and represents the most significant milestone for the Mojave Project and the Company’s advancement to date.
Goldsky Resources Corp. (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) – On April 9, 2026 the Company announced that shareholders of the Company have overwhelmingly approved the creation of Agnico Eagle Mines Limited as a Control Person of the Company at the Company’s special meeting of shareholders held on the 9th. The approval of Agnico Eagle as a Control Person was done in connection with Goldsky Resources’ proposed acquisition of Agnico Eagle Sweden AB’s, a wholly owned subsidiary of Agnico Eagle, 55% interest in the Barsele Gold Project in Sweden, resulting in Goldsky Resources consolidating 100% ownership of Barsele.
* 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.]
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I’m not a Bitcoin expert, but I think it has topped here. This is a live call on Bitcoin. Should not go higher and will trend in a range towards lower prices till the August/October timeline.
A couple of weeks ago, I said I was a buyer (of CDE, HL and others) and that has worked out very well. Probably a month ago, I said the vertical action in silver could resume and I still think so. You can’t say that about many 50% breaks in vertical action months later. The January top is not the top that everyone thinks it was. That top is still ahead and could be far higher than all the experts expect.
Jordan Roy-Byrne recently said the smart money is waiting to buy and still thinks we have another drop based on similar moves of the past. But such reliance on past patterns also caused his 2025 target for silver to be $37 to $42. And that was actually more optimistic that many other experts. Mine was $60. Silver’s high close was $79. JRB understands the magnitude of silver’s breakout but, in my opinion, doesn’t understand how that breakout will affect his expectations for this correction.
The bears need to knock silver well below the current price by Friday or their targets will become even more unlikely.
https://schrts.co/jIAXEcCQ
whit,
Thank you for your previous post and like!
Matthew 100% bang on with Jorydan, and he has been dead wrong with his call for some time now. Soloway as well. Told jerry a week or two ago, he is still crying about his return to the scene of the crime call on $2000. He missed that by a decade. Now I’m not perfect, but these guys need to be called out when wrong and the guys who are more often correct praised. I think we have a good team in here if you ask me. And you have been at the forefront.
glen
The best but you are going to need all those gains and more as your USD are increasingly inflated away by the scumbags at the wheel.
Thank you Matthew and Glen for your time. I’ve been following, buying and selling. These miners will be making some money at these prices! Maybe up there dividends too!
Hi Whit,
Thank you again for also chiming in. I agree 100% that dividends will start to rise very soon, as will acquisitions. Now, if you ask me and probably a few in here, I hate acquisitions more so when you have a gem. I prefer a more under-the-radar approach before being sniffed out.
Cheers and hope to see more of you in here!
Like him or not, many traders always get it wrong. I say traders because I’m not one of them. I consider myself an investor with more intermediate timelines and longer timelines, as mentioned long ago on here. Now, kudos to some who trade and do well, but that’s just another beast, and I need my sanity and sleep at night, lol. Some have the ability to run at high frequency and maintain high stress levels without it affecting them. Good on them.
With all the above being said, I can’t tell you enough how many of these Elliott wave guys keep moving there arrrows and a,b,c patterns and how many continuously get it wrong. I will say some and very few have done it 80/85% correct or very close with track records. I check in with this limited few to look at the overall intermediate and longer-term structures of the charts to see if what they say aligns with my views. I really enjoy it when they do, it assures my overall thesis.
Like him or not, Gary is bang on with this statement.
I’m not going to allow people to FOMO in 2-3 months into a rally. You have to buy dips when you are nervous, not after letting many percentage points pass you by. In this business, the time to buy is when you are scared and nervous. When all the analysts are looking for “one more leg down”.
The time to actually be nervous is when all of those same analysts are telling you price can’t go down because of shortages, or Asian buying, or central bank buying, etc.