The KE Report

Dave Erfle – Opportunities And Investable Trends In The Junior Precious Metals Stocks

Dave Erfle, Editor of the Junior Miner Junky, joins us to focus on some of the opportunities and trends he sees in the junior precious metals stocks. We start off noting how the larger gold and silver producers, and highest quality developers have already made nice moves to the upside.  Dave outlines that we may be entering the part of the PM cycle to finally move down the risk curve into the junior development-stage companies with ounces in the ground; that will have good optionality to rising metals prices.
 
We then delve into the potential catalysts to see even more mergers and acquisition transactions in the junior mining sector, and what attributes to identify in potential takeover candidates. We also consider that the majors already have large pipelines of development projects, and so the M&A deals may need to come from the cashed up mid-tier producers acquiring juniors or from mergers of equals among junior developers.
 
Wrapping up we get Dave’s outlook on silver, the silver stocks, the persistently high gold:silver ratio, and that really we aren’t going to see a big uptick in the speculative side of the sector with more participation from generalist investors until we see some of the hot money come out of the cryptos and A.I. / tech stocks.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.

District Metals - Exploration Plans For Tomtebo and Stollberg Properties, Updated Mineral Resource Estimate on the Viken Energy Metals Deposit

Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North: DMXSE SDB) joins me to discusses the recent approval of the 2025 exploration budget by the joint technical committee between District and Boliden, focusing on the Tomtebo and Stollberg properties in Sweden. Additionally, he provides an update on the commencement of an updated mineral resource estimate for the Viken Energy Metals Deposit.
 
The discussion covers the recent approval of the 2025 exploration budget by the District and Boliden joint technical committee for the Tomtebo and Stollberg properties. Garrett provides detailed plans for the exploration, including drilling intentions at various historic mines and key targets being drilled this year. We also discuss Boliden's dual strategy for the drill program focused on both new discoveries and adding resources for development. 
 
Moreover, we touch upon the Viken energy metals deposit, where an updated mineral resource estimate is underway to integrate multiple metals, and the potential to expand the deposit. Garrett outlines the timeline and costs for this update and elaborates on the implications of lifting the uranium moratorium in Sweden and its impact on future drilling. 
 
Finally, Garrett summarizes upcoming news and milestones, including assay results and drilling updates.
 
If you have any follow up questions for Garrett please email me at Fleck@kereport.com. 
 
Click here to visit the District Metals website to learn more about the Company.

Jim Tassoni - Trading Opportunities: Financials, Gold, Energy

Jim Tassoni, CEO of Armor Wealth Strategies joins us to discuss the trading opportunities he sees in this current market environment. 
 
Jim highlights the myriad of opportunities and potential pitfalls for short-term investors, particularly in sectors that have lagged behind the major tech names. He shares his insights on the financial sector's potential benefits from high-interest rates, the outlook for both long and short-term interest rates, and the strategic positioning within the bond market. 
 
Jim also delves into his current strategies regarding gold and precious metals, explaining why he has favored the metal over gold miners. 
 
Additionally, he touches upon the implications of Trump administration tariffs and their broader economic impact. Concluding with a focus on energy and oil investments.
 
Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading. 

TG Watkins - Technical Analysis: Opportunities Beyond The Mag 7

 
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to share charts and analyses of recent market reactions to significant news events, such as the DeepSeek impact on AI and tariff news. Despite these challenges, the market has shown resilience, notably in the S&P index, which has held up well without hitting dramatic highs or lows. 
 
TG emphasizes the strength beneath the market's surface, noting a rotation from mega-cap stocks (the Mag 7) to small caps, indicating a 'risk-on' environment. He provides detailed analyses of various sectors, highlighting opportunities in small caps, nuclear sectors, and even underperforming names like Stitch Fix. Incorporating technical analysis and future market predictions, TG's insights offer valuable guidance for traders and investors.
 
Click here to visit TG’s site - Profit Pilot

Erik Wetterling – Value Proposition In Goliath Resources, Hannan Metals, And Inflection Resources

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss the attractive value proposition he sees in 3 different gold – copper junior explorers. These companies have all released important news as catalysts over their last 2 weeks, which sets up future news releases to build upon their current work programs.
 
Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) report today exceptional gold intercepts of 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters plus a second separate interval assaying 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters, including 14.26 g/t AuEq (13.87 g/t Au and 34.10 g/t Ag) over 3.00 both from a high-grade gold intrusive feeder dyke that remains open at Surebet on its 100% controlled Golddigger Property in the Golden Triangle, B.C.
 
Hannan Metals Ltd (TSXV:HAN)(OTC PINK:HANNF) report a significant gold mineralization at its 100%-owned Previsto project in Peru. Channel sampling has revealed high-grade alkalic-type epithermal gold mineralization with 69.1 m at 2.4 g/t gold ("Au") including 26.0 m at 5.4 g/t Au. The finding, which remains open in all directions, is situated within a larger 6 km x 6 km epithermal-porphyry cluster, further indicating the potential for a major new mineral district.
 
Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF) is pleased to provide an update on drilling completed in late 2024 on the Trangie and Duck Creek projects in New South Wales, Australia conducted under a joint-venture Exploration Agreement with AngloGold Ashanti Australia Limited.
 
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.  Additionally, Shad holds a position in Goliath Resources at the time of this recording.
 
Click here to visit Erik’s site – The Hedgeless Horseman

Troilus Gold – Project Derisking Through An Enhanced Team, Detailed Engineering, Resource Expansion, Permitting, Vaneck As A New Strategic Investor, And Building The Capital Stack

Justin Reid, President and CEO of Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), joins me for a comprehensive update of the key derisking work programs, additions to personnel, detailed engineering, more drilling initiatives, permitting updates, and working on building the capital stack for the Troilus Project located in northcentral Quebec, Canada.
 
We start off discussing four new team members on Troilus that will be bringing in key experience on the engineering, development, construction,  and execution on the move to take the project into a producing mine over the next few years. On January 28th the Company announced that it has awarded BBA Inc. (“BBA”) the contract for basic and detailed engineering work for the copper and gold Troilus Project; which is a key milestone on the path to construction. BBA is a leading Canadian engineering consulting firm with over 40 years of experience that played a significant role in the development of some of Canada’s most successful and largest gold operations, including the Canadian Malartic Mine and Detour Lake.
 
Next we touched up on the importance of infill drilling for gaining higher confidence ounces in the resource and for the mining sequence, as well as near-pit drilling where he touched upon the positive drill results forming part of a 1,866-metre exploratory drill program on its newly discovered “West Rim” VMS (Volcanogenic massive sulfide ore deposit) target, located within 150 metres of the North Reserve Pit Shell.
 
We also get into the permitting timelines, where Justin highlights the ongoing work the company has been doing for years, in tandem with maintaining the already fully permitted areas of the Project.   The last big receivables for the permitting being the environmental and mine closure permits will be kicking off soon with a look to receive them back in late 2025, or more likely early 2026
 
Wrapping up we discuss the capital stack starting to come together and reviewed the 4 different LOIs adding up collectively to US$1.3billion that were each announced in November news releases from the German export credit agency (“ECA”) Euler Hermes, the Finland ECA, Finnvera plc and the Swedish export credit agency, EKN, and  Export Development Canada (EDC).  Justin goes on to explain how they will not need to utilize all those ECA funds,  where they can also strike the balance between those inputs being converted over to tradition debt, equity, forward sales, and royalty or streams that will be coming together to form the capital stack for project construction.  This also highlights the importance of the copper concentrate components of the copper to these other organizations, even more so than the gold, and makes the Troilus Project very financeable.
 
 * If you have any questions for Justin regarding Troilus Gold, then please email them over to me at Shad@kereport.com.
 
Click here to follow along with the latest news from Troilus Gold

Craig Hemke - Tariffs vs Gold Price

 
Craig Hemke, Editor of TF Metals Report joins us to discuss the balance between tariffs and the gold price.
 
Craig offers insights into the Commitment of Traders (COT) report, discussing investor positions, especially the large speculators' net long positions. Craig also delves into the complexities of gold's physical movement and delivery on the Comex, potentially influenced by tariffs and broader economic strategies. 
 
The conversation expands to include the impacts of potential U.S. tariff policies, the role of central bank demand, and the intriguing topic of gold-backed bonds. Craig further speculates on the broader implications for the gold market amid rising prices, institutional demand, and central bank policies.
 
Click here to visit Craig’s website - TF Metals Report

Forum Energy Metals – Drilling Set To Commence In March At The Northwest Athabasca Joint Venture - Value Proposition At Their 8 Other Uranium Projects In The Athabasca Basin

Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins us to provide an update on the drilling set to commence and the Global Uranium option to earn-in to the Northwest Athabasca Joint Venture; partnered with NexGen, Cameco, and Orano in the Athabasca Basin of Saskatchewan.   We also dig into the value proposition at the Company’s 8 other uranium exploration projects around the Athabasca Basin.
 
On February 4th the Company announced that the exploration permit has been received and exploration is underway on the Northwest Athabasca (NWA) Project, located along the northwest shore of Lake Athabasca in Saskatchewan, Canada. Global Uranium Corp. (CSE: GURN) (OTCQB: GURFF) entered into an option agreement with Forum, acquiring the right to purchase up to 75% of Forum's interest in the Forum / NexGen Joint Venture with NexGen Energy Ltd. by spending $20 million in exploration. This joint venture is part of the Northwest Athabasca Joint Venture with Forum, Cameco Corporation, and Orano Canada Inc. to explore and develop the NWA Project. Camp construction will begin shortly and diamond drilling will commence by March. Forum Energy Metals is the Operator of the Northwest Athabasca Project.
 
Rick outlines that about 2,000 meters of diamond drilling is anticipated to commence by March and the objective is to at Andy, Zone 2A, and Opie, following up on some of the success from prior exploration work in 2013, and if time allows testing additional high-priority targets at Gomer and Spring Bay. Additional geophysical surveys such as gravity, resistivity and detailed magnetics will be initiated once the camp is in place.
 
In addition to the work that will be going on at this project, we zoom out and give Rick the opportunity to unpack the opportunities and other JVs going on with a number of their other 8 projects around the Athabasca Basin. He highlights their option potential their 100% owned projects and highlights the potential at a couple of their JV projects like the Grease River, Fir Island Project, and Henday Projects.
 
If you have questions for Rick on Forum Energy Metals, then please email them into us at either Fleck@kereport.com or Shad@kereport.com.
 
Click here to follow the latest news from Forum Energy Metals
 

Marc Chandler - The Impact of U.S. Tariffs on Global Trade, Currencies, Inflation

 
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins us to take a deep dive into the complex world of tariffs. 
 
We discuss the wide-reaching effects of U.S. tariffs on China, Canada, and Mexico, and explore how these policies impact global markets, consumer prices, and multinational companies. The conversation also covers retaliatory measures by other countries, the role of central banks, and the nuances of globalization versus de-globalization. Marc shares insightful perspectives on the implications for economic policy, market dynamics, and future trade relations.
 
Click here to visit Marc’s site - Marc To Market. 

Weekend Show - Rick Bensignor & Jordan Roy-Byrne - How Stable Are US Markets? How High Can Gold & Gold Stocks Go?

Welcome to The KE Report Weekend Show! 
 
This weekend’s show is focused on what’s working in the markets and discussing just how high gold could go, short and long term! Major tech has lost some leadership but money has rotated into other areas of the market. 
 
On the metals front, gold continues to hit all-time highs, on an almost weekly basis, and the stocks, so far this year, are outperforming. 
 
Please go back through our website (https://www.kereport.com/) and Podcast (https://rebrand.ly/KER-Podcast)  to listen to all our market commentary and company interviews.
 
We hope you all have a great weekend and let’s hope the Superbowl is a great game! 
 
Segment 1 & 2 - Rick Bensignor, President of Bensignor Investment Strategies kicks off the show delving into market trends and metal performance. We discuss the current choppy market conditions, insights on market breadth, tech sector performance, and in-depth analysis of gold and gold equities. Additionally, Rick shares his thoughts on the broader appeal of gold, inflation, and the downtrend of interest in non-MAG 7 large-cap stocks. The conversation also touches on Bitcoin's market behavior and its relationship to equities. 
Click here to visit the In The Know Trader website.
 
Segment 3 & 4 - Jordan Roy-Byrne, CMT, MFTA, Editor of The Daily Gold wraps up the show by discussing his new book, “Gold & Silver - The Greatest Bull Market Has Begun - A Once In A Lifetime Investment Opportunity”. We discuss the main drivers behind the gold price, silver’s outlook, and how he sees gold stocks performing over the next 10-15 years. 
Click here to visit The Daily Gold website and get access to Jordan’s book.