Erik Wetterling – Riding Gold Developers Higher In The Second Wave Of The Lassonde Curve
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss opportunities he is seeing emerge in advanced gold developers as they enter the second wave higher of the Lassonde Curve.
We discuss the potential rerating opportunities present in company valuations, considering the higher underlying gold prices, improving economics of development-stage projects, and the potential for higher profit margins and quicker payback periods if these deposits can be fast-tracked into producing mines.
Erik mentions a number of nuances that he looks for or avoids as not all development-stage companies are on equal footing. We discuss deposit size, grade, jurisdiction, what stage of economic study a project is at, strategic investments from larger producers, and the ability of management teams to either build or sell projects at a certain point in the commodities cycle.
During the course of the conversation we discuss examples of companies with compelling development-stage projects like the recent buyout of Barrick’s position by John Paulson to team up with Nova Gold (NYSE American, TSX: NG) at Donlin Creek, Integra Resources (TSXV: ITR) (NYSE American: ITRG), Cabral Gold (TSXV: CBR) (OTCQX: CBGZF), Amex Exploration (TSXV: AMX) (OTCQX: AMXEF), Skeena Resources (TSX:SKE)(NYSE:SKE), and Troilus Gold (TSX: TLG) (OTCQX: CHXMF).
https://www.tradingview.com/x/CvaACLU9/
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Excelsior Prosperity w/ Shad Marquitz (04-28-2025)
Discovery Silver (TSX:DSV) (OTCQX: DSVSF)
https://excelsiorprosperity.substack.com/p/opportunities-in-growth-oriented-fc4
Alkane and Mandalay to merge as gold activity heats up
Mining 28 Apr 2025
A merger of equals between Alkane and Mandalay will create a powerhouse gold and antimony producer
How a billionaire’s bet on Donlin mine could inject new life into the huge, slow-moving gold project
Max Graham – Northern Journal – April 25, 2025
“Now, a $1 billion deal could inject new life into the massive Donlin gold project in Western Alaska.”
“That’s the message, at least, from the investors who are doubling down on Donlin, including two prominent East Coast billionaires. They say they’re more motivated to push the project toward production than the global mining giant that just pulled out.”
“In a sale announced this week, Barrick Gold Corp., one of the world’s most prolific gold mining companies, will give up its half of Donlin.”
“Paulson Advisers, a Florida-based firm led by financier John Paulson, is paying Barrick $800 million for 40% of the project.”
“The remaining 10% will go to Novagold Resources for $200 million. Novagold is a publicly-traded company that already owned half of the project and has been working on it alongside Barrick for years.”
https://www.kyuk.org/economy/2025-04-25/how-a-billionaires-bet-on-donlin-mine-could-inject-new-life-into-the-huge-slow-moving-gold-project