X Spaces interview with Rick Rule, CEO of Rule Investment Media - November 4th, 2024
00:00 Intro
00:50 Analog to the mid-1970s in the gold market
06:15 Gold mining bear market in 1975
08:15 Inflation was measured different in the 1970s than it is today
16:00 The net-present value of US government unfunded liabilities totals more than US$100 trillion
21:00 There is nothing more that Rick loves more than hate
23:00 The level of G&A across the junior mining sector is unsustainable
23:54 5% of the junior miners add legitimacy to the rest of the sector
31:00 Periods of history in which the junior mining sector has badly lagged the gold price itself
35:00 The median company in the junior mining sector spends over 60% of capital raised on G&A, less than 40% on exploration
42:30 Tax loss selling season opportunities
44:58 There are often 30%+ bounces between the end of tax loss selling season and the PDAC
47:00 How does an investor identify value?
49:55 Rick takes questions on individual stocks, Solid Core (former Polymetal)
51:00 Yukon gold stocks (Banyan, Snowline, Fireweed, etc.)
51:17 "Very interesting phone discussion with Banyan"
54:30 Dolly Varden (TSX-V:DV)
56:30 Ivanhoe Electric's Typhoon Technology
58:20 Canadian oil & gas industry
1:00:35 Thanks for listening!
Disclosure: Author owns shares of some stocks mentioned in this video including BYN.V and SGD.V. Author may choose to buy or sell at any time without notice.
DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
