Erik Wetterling – Opportunities Arising When Known Junior Resource Stocks Do Something New, Spiking The Value Creation
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to discuss a number of known gold, silver, and copper advanced exploration and development companies, that have taken some new action turning old stories into new stories, with a boost to their value creation.
We start off looking at the series of junior advanced explorers and developers that have gone out and purchased non-core producing mines from larger companies, to fund their future derisking of flagship development assets through organic incoming revenues, versus ongoing dilutive financings. The junior companies discussed that have executed acquisition transactions of producing mines this year are: Integra Resources (TSXV: ITR) (NYSE American: ITRG), Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF), Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF), and Magna Mining Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF). In each case, these mines that were acquired are the first step in generating revenues to plow them into the expansion of other development projects on the pathway to becoming multi-mine producers over the next few years.
Wrapping up we shifted over to the recent newsflow on exploration success from Kootenay Silver (TSXV: KTN) (OTC: KOOYF), at their Columba Project, turning an older known story, with beta to rising silver prices from prior project resources defined, into a new discovery and growth story. The work their exploration team has been doing at the D-Vein and upcoming drilling at the B-Vein, has ignited a new wave of interest in the Company, because they seem to be onto a thicker high-grade silver vein, that could allow them to really mass up compelling resources quickly.
* In full disclosure, the 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. Additionally, Shad is a current shareholder of Integra Resources, Sierra Madre, Magna Mining, and Kootenay Silver at the time of this recording.
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