The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry
Gerald Panneton, Craig Parry, and Luc ten Have joined me for this week's Junior Mining Talks.
Luc ten Have, founder of GoldDiscovery, and I talked about private placements, and why they often seem to underperform. According to ten Have's data, more specifically, the average 12-month performance of a private placement with warrants has been negative 23.3 percent over the last 3 years, whereas the median was negative 42%. The private placements that did not include a warrant, are showing a negative 12.2% average 12-month performance, and a negative 28% median. It is worth noting that the last 3 years have been a rather bad market for juniors. So, is this an issue with the Canadian markets, can we blame warrants, or is it just a bad time to be in this market? Luc and I discussed those subjects in-depth.
After my conversation with Luc, I was joined by Gerald Panneton, the CEO of Gold Terra Resources (TSX-V: YGT), a person who has raised $3B and built one of the largest gold mines in Canada. He walked me through his experience as a mine builder, the mistakes, the red flags, the regrets, the hard truths, and the good times.
After Gerald, I was joined by Craig Parry, the CEO of Vizsla Copper (TSX-V: VCU), to get an update on some of the recent assays results they have reported from their copper-gold porphyry exploration projects in British Columbia, Canada.
VERY IMPORTANT WARNING:
THIS VIDEO SHOULD BE TREATED AS AN ADVERTISEMENT FOR GOLD TERRA RESOURCES AND VIZSLA COPPER, WHO HAVE PAID FOR THE PRODUCTION OF THIS VIDEO.
NO QUESTIONS WERE EXCHANGED, AND NOBODY SAW THIS PRIOR TO ITS PUBLICATION.
This channel is a business that charges for the creation and publication of video interviews. There will always be a conflict of interest which means you can never rely on anything said herein.
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The viewer acknowledges and agrees that the information does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
The host is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication. Always assume he doesn't know much more than a potato does.
The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don't read the official documents provided by the company on www.SedarPlus.ca, you will lose all of your money.
Timestamps:
00:00 - Intro
01:16 - Private Placements
28:48 - Story of a Mine Builder
01:15:59 - Vizsla Copper (TSX-V: VCU) CEO Interview
