Erik Wetterling – Value Proposition In Inflection Resources, Magna Mining, and District Metals
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss the attractive value proposition he sees in 3 different gold – copper – critical minerals junior resource stocks. These companies have all released important exploration news over the last week, which sets up future news releases to build upon their current work programs.
Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF) announced on March 25th that AngloGold Ashanti Australia Limited (NYSE: AU / JSE: ANG) has completed Phase I of the Exploration Earn-in Agreement announced on June 14, 2023 by investing AUD$10,000,000 in the Company’s portfolio of copper-gold projects in New South Wales, Australia. AngloGold Ashanti has designated a total of four copper-gold, Duck Creek, Trangie, Crooked Creek and Nynganto, proceed to Phase II of the Earn-In Agreement.
Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) announced on March 31st a batch of assay results from the producing McCreedy West Mine and the adjacent Levack Mine. Drilling at McCreedy West was focused on the 700 Footwall Cu-PGE zone resource expansion and definition in support of mid-term production planning, and targeted areas near historical mining. Drilling at Levack was targeting the near surface Keel Footwall Cu zone.
District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) announced on March 26th drill assay results for five drill holes (GRAGR-151 to -155) completed during the Fall 2024 drill program at the base metal polymetallic Stollberg Property located in the Bergslagen Mining District in south-central Sweden.
* 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 holds a position in Magna Mining at the time of this recording.
Gold Price Makes All-Time Highs On The Monthly and Quarterly Closes
Excelsior Prosperity w/ Shad Marquitz (03-31-2025)
Charts on: Gold Futures, Spot Gold, GDX, and GDXJ
https://excelsiorprosperity.substack.com/p/gold-price-makes-all-time-highs-on
https://www.tradingview.com/x/Xeiailz6/
DOLLAR : Early April Update
Gold has almost double since bottoming in 2022 while AEM has more than tripled.
https://stockcharts.com/h-sc/ui?s=AEM&p=W&yr=6&mn=9&dy=0&id=p31340743795&a=1034994305
THANKS FOR THE HEADS UP ON ………………………. AEM………..
Here is an article…… which might have some of the answers……
Agnico Eagle Mines Limited (AEM): Among the 10 Best Metal Stocks to Buy According to Billionaires?
Soma Dutta
Tue, April 1, 2025 at 10:33 AM EDT 6 min read
In This Article:
AEM
-0.16%
We recently published a list of 10 Best Metal Stocks to Buy According to Billionaires. In this article, we will look at where Agnico Eagle Mines Limited (NYSE:AEM) stands against other best metal stocks to buy.
When investing in the best metal stocks, the stakes are high, and the potential rewards are even higher. Metals power the modern economy, from the foundations of skyscrapers to the circuits in your smartphone. For savvy investors, these commodities offer a strategic opportunity to capitalize on global demand, fluctuating prices, and billionaire-backed bets that shape the future of the industry.
As of March 2025, the U.S. stock market has been riding a wave of volatility, with the broader market reaching a record high of 6,152.87 in February, marking a 3.49% increase year-to-date. However, the index suffered a decline in March. Meanwhile, copper prices have skyrocketed to an unprecedented $5.24 per pound, largely driven by looming 25% tariffs on imports and China’s aggressive economic stimulus measures. Investors have been quick to respond, driving up the stock prices of major mining giants.
The precious metals sector has been equally dynamic. Gold futures are climbing 14%, and analysts are projecting further earnings growth of 17% in 2025 and 16% in 2026.
One of the strongest signals in the metals market comes from billionaire investors. Heavyweights like Berkshire Hathaway, led by Warren Buffett, have a strong presence in the metals sector, with a strategic focus on silver and gold mining companies rather than direct gold ownership. Beyond U.S. borders, Buffett’s investment strategy has extended into Japan’s massive trading conglomerates. These firms operate across multiple industries, with significant stakes in natural resources and metals, highlighting the global nature of the metals market.
The rise of rare metals has also drawn significant interest, with billionaires like Bill Gates and Jeff Bezos funneling $537 million into Africa’s rare metals sector, as reported by Business Insider. As the world shifts toward renewable energy and advanced technology, the demand for critical minerals is soaring, promising new wealth for those who control these resources.
With 40% of investors planning to increase their exposure to gold and other precious metals in the next 12 months, as highlighted by the UBS Billionaire Ambitions Report 2024, the metals and mining sector remains a dynamic and lucrative space. While tech and banking CEOs dominate the headlines, eight of the world’s 100 richest individuals on the Forbes Billionaires List have built their fortunes in metals and mining. Understanding the factors driving these investments is key to making informed decisions.
BIG BOYS MOVING IN…………………. UP SHE GOES>…………….. 🙂
SCP Equity Research – Magna Mining, 31 March 2025
Ticker: NICU CN
Pro forma cash: C$52m
Project: Sudbury Assets
Market cap: C$304m
Price: C$1.50/sh
BUY TARGET (unc): C$3.1/sh
“We think today’s drill results from Levack very simply a) confirm high-grade mineralization beyond historic mining areas and b) showcase the potential to increase production grades (with >24% Cu grades from Keel today) and support an eventual expansion to Levack. Recall, these are the first results since acquiring the mine from KGHM earlier this year—so we think this is off to a good start.”
“Impressive here are the highgrade hits within the 700 Zone FW pillar between historic stopes, confirming high-grade mineralization was left behind by past operators, with hits beyond these areas pointing to the runway beyond remnant areas. Digging in, the average of 7 pierce points (three holes) from the 700 FW zone is an impressive 6.7m @ 9.3% CuEq (4.6% Cu) from <84m downhole on average—close enough to existing workings to see a quick turnaround to a future mine plan in our view."
"Details we think come into focus in the upcoming detailed production plan in late 2Q. For now, we maintain our BUY rating and C$3.10/sh PT based on our updated ~C$1.1bn SOTP valuation for the group at 0.7xNAV7% using US$4.05/lb Cu LT for the Sudbury assets, putting the stock at ~0.3xNAV vs copper peers at 1.4x on average. With exploration modeling sharpening and additional rigs deployed, we expect Magna to sustain market visibility in 2025, building on 2024’s McCreedy results of 9.6m @ 22.5% CuEq (unmodelled) and plans for high-grade pillar and vein targets, plus Levack’s Keel FW Zone (1.5m @ 51.6% CuEq) and Sudbury Breccia Trend exploration."
https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250331-scp-nicu-drilling.pdf