This Gold Stock is Up 20X in 2 Years...but WHY?! (Case Study)
Tom Woolrych joins Junior Mining Talks for a case study on a gold stock that has done a 20X over the last +/- 2 years.
More specifically, I asked Tom Woolrych and Luc ten Have to walk me through the story of Founders Metals and how it managed to go from $0.20 in 2022 to $4 now in 2024.
What made this gold exploration company such a success? Could it have been spotted early on? Does it still have upside? Who is the next FDR? - those are only some of the topics discussed in this conversation.
Tom Woolrych is a geologist who now works for the a globally operating holding company that identifies, develops and divests attractive resource projects in North America, Europe and Australia, Deutsche Rohstoff AG.
VERY IMPORTANT WARNING:
NONE OF THE COMPANIES MENTIONED HEREIN HAVE PAID FOR THE PRODUCTION OF THIS VIDEO.
However, 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
01:30 - What made this company a success (geologically)?
03:00 - What made this company a success (corporately)?
05:30 - Could Tom have seen this coming earlier?
08:40 - What is Tom looking for early on in discoveries?
09:30 - What is Luc looking for early on in discoveries?
13:05 - Does historic drilling matter?
17:55 - Is there more upside potential? (geological model)
23:50 - Is this a fair price for this discovery?
32:50 - What else is Luc looking for?
36:30 - Will geological upside always translate into share price upside?
42:40 - How does this story end?
46:50 - When is a good time to sell a successful discovery?
53:55 - Who is the next FDR?
01:01:30 - Is West Africa the next discovery hub?
01:08:05 - Why is Tom's fund putting money into this company?
