Doc Jones – Macro Trends In Tech, Vehicles, and Energy To Benefit Critical Minerals Like Copper, Nickel, PGMs – Plus 3 Resource Stock Value Propositions
Doc Jones, private activist resource investor and influencer on Ceo.ca and X/Twitter, joins me for a longer-format conversation on the macroeconomic trends in tech, vehicles, and energy and how they’ll benefit the critical minerals companies that have copper, nickel, platinum, and palladium. In addition we review 3 companies where he is heavily positioned in his portfolio, that have had significant newsflow in the recent past towards development of their projects.
We start off getting the key factors that have him bullish on Magna Mining (TSX.V: NICU) (OTCQB: MGMN), moving into copper production, with solid nickel and PGM co-credits. This also brings the discussion back into how trend changes in vehicle production and changes to the energy transition narrative should benefit these key metals of focus.
Next Doc Jones and I dive into all the newsflow out of Emerita Resources (TSX.V: EMO) (OTCQB: EMOTF), at the IBW Project, and continued encouraging polymetallic metallurgical results and successful exploration expanding in mineralization in multiple areas. He also outlined that the pending legal proceedings on the Aznalcollar zinc-lead-silver Project are now only 3 months away, as another potential value driver.
Wrapping up we review the newsflow and 2024 milestones from Omai Gold Mines (TSXV: OMG) (OTCQB: OMGGF), and the anticipated value drivers for 2025 in this gold exploration and development company. We discuss whether the 4.3 million ounces of gold in Guyana, a country that saw 2 acquisition transactions this year, could position Omai Gold as another takeover candidate. Doc Jones outlines that a buyout is quite possible down the road, but that his personal investment thesis focuses more on current valuations and upcoming catalysts, over the potential future sale of the company.
*In full disclosure, Doc Jones holds a position in these companies discussed at the time of this recording, but is not compensated by any company to market them. These are simply his views and opinions as to why he likes investing in them, but this is not investment advice. Shad is also a shareholder of Magna Mining at the time of this recording.
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You left out the part where they got paid $500,000 for that closure tho
Good point Wolfster. Bashers usually leave out a number of key points to frame things in the negative.
Look, I’ve had over a dozen meaningful conversations with Jason and Paul from Magna, on mic and off mic, and have sat down with them in person at a few different resource conferences and looked at them eye to eye and watched their body language, and have always come away impressed, that they have integrity, and that they have a strategy and method behind every decision they make.
If they picked up the old Archer/North X portfolio of nickel and base metal assets, right after already having made a stellar acquisition from KGHM a few month prior including a producing mine, several prior producing mines, and other exploration projects in Sudbury, then there was surely a reason for it.
They are already spoiled with a wealth of assets and didn’t need to acquire anything else…. and yet this top notch management team did decide to acquire those nickel and base metals assets. The Magna team (many of which are ex-FNX serially successful management team members) have shown over and over again, that they can breathe new life into old stale assets, reinterpret the geological model, and build value in assets that others didn’t understand as much. I’d take the odds of the Magna team doing something productive with that portfolio of nickel and base metals projects any day of the week over the team at North X, as this was a clear move from weak hands to strong and experienced hands once again.
As the saying goes, “one man’s trash is another man’s treasure.” 😉
Basher? Excelsior
Not commenting on either company. Am pointing out Doc’s own “leave out a number of key points to frame things in the” positive way.
Seriously. Maybe a bit to close to home on this one eh.
I would add(possibly uncharitably on this day)that if guests were more often challenged on these kind of details, perhaps “bashers” would not need to chime in, and the industry in general might gain a bit more respect.
I think the basher reference would be based on the sly dig calling him an influencer and self interested opinions…..pretty sure he stated factual things…..unlike yourself when you claimed the properties will never produce anything. That definitely is an opinion and one that differs from JJ if you listened to his interview after the acquisition.
K Wolfster, just one more go before the merriment begins 🙂
The influencer tag is right from the KER description. Of course his opinions are self interested, to think otherwise is just naive. Guilty on the never produce comment.
Bottom line, to talk about buying the properties for a buck, without mentioning the liability of a mine closure that comes with it, is just wrong.
Cheers all
That $500,000 simply covers the $481,629 obligation.
Magna paying to NorthX one dollar (C$1.00);
Magna will assume all liabilities of NorthX with respect to the Broken Hammer Project Mine Closure Plan, including lodging financial assurance with the Ministry of Mines in an amount of approximately C$481,629;
NorthX providing Magna C$500,000 to cover Broken Hammer closure financial assurance; and
Magna will assume certain liabilities with respect to the Sudbury Properties, including acting as the operator of joint ventures, advanced net smelter return (NSR) royalty payments, and annual work commitments.
My point is, carrying on like they got a bunch of awesome ground from a bunch of rubes for a buck, is quite incorrect.
This “influencer” is right and wrong, and puts out his own self interested opinions just like everybody else, he’s just more prissy about it.
Take it all with a grain of salt, and a healthy shot of tequila while doing your own DD.
“Magna picked them up for one dollar” “for whatever reason” “or whatnot”
Uh yeah, they assumed all liabilities on a depleted mine closure, and advance royalty payments on properties that will never produce anything.
Now this may or may not amount to much, but “for whatever reason” is willful ignorance, or just plain disingenuous.