I'd like to dedicate this thread to all potential gold mining investors having a keen interest in the sector and who may want to 'dig deeper'. Inevitably you're going to run into some geology questions. Looking for answers, one senior geologist whose name will come up repeatedly is Brent Cook. His website, with a lot of free information is Exploration Insights
But let's get started with something to watch, with a junior analyst working for Rick Rule interviewing Brent Cook.
“You Want To Identify The People & Properties That Last Through This Bottoming Period”
Re: Exploration Insights
Posted: 06 Jun 2015, 13:14
Brent Cook interviewed by Kitco reporter Alex Letourneau:
"among the exploration companies quoting at the Venture exchange, only 20% are 'legitimate' explorers owning an identified mineral deposit. Most explorers owning a deposit that could profitably be exploited, even at current gold prices, don't have the cash to continue developing the resource: investors may be diluted while waiting out the gold miner/explorer bear market."
But starting off with some picks of junior miners / advanced state developers which Brent Cook likes:
Re: Exploration Insights
Posted: 06 Jun 2015, 13:37
Only one out of thousand mineral deposits may turn into a profitable mine.
Brent Cook: 2015 is the Year of Peak Gold
Published on Nov 18, 2014
This week, we have the popular newsletter writer, Mr. Brent Cook, from Exploration Insights, as our guest. Brent Cook is an independent exploration analyst with 30 years of experience in both property economics and geology evaluations. We brought Brent on the show to get an overview of where the gold market currently is and where it’s headed. Something many investors are unaware of, peak gold, is right around the corner in Brent’s opinion, and it is something that will have dramatic effects on world gold production over the long term.
In this wide ranging interview with Brent, you’ll discover:
● Brent’s secret to minimizing losses during a bear market, and maximizing gains in the coming bull market
● Find out which major mining CEO agrees with Brent Cook on peak gold
● Why the effects of peak gold could be more dramatic than investors are aware of
● How to best pick stocks to benefit from peak gold
● Also, Brent Cook’s very own exploration stock picks!
With gold companies having completed the reporting of their second quarter results, Brent Cook, a famed geologist, said one thing stood out besides the dire numbers. ‘On the whole, they are still free cash flow positive,’ said Cook in an interview with Kitco News on Tuesday. ‘They are doing that by cutting their sustaining costs – so basically by cutting sustaining costs they are not sustaining their business - down the road, there are problems coming up,’ Cook warned. He said that mining companies operating outside of the U.S. have been helped by lower local currencies. Cook said that both advantages - the lower currencies and all-in sustaining costs - are not maintainable. The second-quarter earnings season for the gold miners began July 29 –with most of the focus primarily on liquidity and the overall health of balance sheets. Gold mining companies have been crushed by the recent drop in the gold price. The metal averaged just under US$1,200 an ounce in the second quarter, which ended June 30. But it later crashed to below $1,100 in July due to a strong U.S. dollar, which is rising on expectations that the U.S. Federal Reserve will raise interest rates in September. Should gold fall below $1,000 an ounce, Cook said it will become incredibly tough for miners. ‘Most of the major mining companies are in serious trouble if gold falls below $1,000,’ he said.