|This Saturday, March 19, 2022|
Online: 11AM – 7:30PM EDT
Meet Our Impressive Speaker Lineup
Uranium Mining CEOs, Uranium Market Traders,
Uranium Equity Analysts… And More!
All sharing their latest cutting-edge ideas and strategies!
Only 3 days left to register and receive recordings!Dear Friends and Fellow Resource Investors,With only a few days remaining until the first-ever Virtual Uranium Bootcamp, it’s high-time to share more information about our outstanding lineup of speakers.This Saturday, March 19, from 11 a.m. to 7:30 p.m. EDT, we’ll be bringing you eight and a half valuable hours of online, in-depth instruction about investing and speculating in uranium markets.Unable to attend live? When you register, you’ll get unlimited access to all of our recordings until September 30, 2022. Recordings will be available within a week following the conference.You’ll hear from uranium mining CEOs… uranium market traders… uranium equity analysts… even a high-level political figure who will explain the future of energy politics…Plus, you’ll get terrific insight from people who actually buy uranium… not just those selling it.
Many thanks to our Media Sponsor
Get ready to pack in as much learning as possible…And what’s more, you’ll have the opportunity to network and connect with these top-notch experts… and gain a whole new perspective on uranium investing!You won’t want to miss these sought-after speakers… including our three amazing keynotes.Check it out!Inspiring KeynotesJohn Ciampaglia
Chief Executive Officer
Sprott Asset ManagementWith more than 25 years of investment industry experience, John Ciampaglia serves as chief executive officer of Sprott Asset Management, and as Sprott Inc.’s executive vice president.Before joining Sprott in 2010, he held senior product management and research roles at TD Asset Management, followed by the position of senior vice president, responsible for strategic initiatives and overseeing product development at Invesco Canada.Mr. Ciampaglia earned a Bachelor of Arts in Economics from York University, is a CFA® charterholder and a Fellow of the Canadian Securities Institute.Spencer Abraham
Chairman of the Board
Uranium Energy CorpSpencer Abraham is the chairman of Uranium Energy Corp. He was previously a director of Occidental Petroleum and the non-executive chairman of AREVA’s U.S. board.From 2001 to 2005, he served as the 10th U.S. secretary of energy. Under his leadership the department made major advances in the development of new energy technologies, successfully implemented a variety of nuclear nonproliferation and nuclear security programs after the September 11 attacks, and launched initiatives to improve the nation’s energy security.Mr. Abraham was elected to the United States Senate from Michigan in 1994. Much of his legislative focus was on advancing the emerging information technology/e-commerce revolution. He was elected chairman of the Michigan Republican Party in 1983, and later served as deputy chief of staff for the vice president, and as co-chairman of the National Republican Congressional Committee.An honors graduate of Michigan State University and Harvard Law School, Mr. Abraham was the co-founder of The Harvard Journal of Law & Public Policy, and the Federalist Society.Grant Isaac
Senior Vice-President and Chief Financial Officer
CamecoGrant was appointed senior vice-president and chief financial officer of Cameco in July 2011. He provides executive oversight for finance, tax, treasury, investor relations, strategy and risk, and marketing.In 2009, Grant joined Cameco as senior vice-president, corporate services. Prior to this, beginning in 2000, he was a professor at the Edwards School of Business, University of Saskatchewan, and was appointed as the dean of the Edwards School of Business in 2006.Mr. Isaac received a BA (economics) and an MA (economics) from the University of Saskatchewan and a PhD from the London School of Economics.Now before I go any further, let me present your host Rick Rule… who needs little or no introduction… and his company, Rule Investment Media.Rule Investment Media strives to produce the highest quality and most reliable market news and commentary in the natural resources sector.They connect scarce knowledge with the people who seek it… and inspire intelligent investing decisions with insightful analysis and thought-provoking interviews.Rick Rule is a highly experienced investor and speculator who began his career in the securities business in 1974, and has been principally involved in natural resource security investments ever since.He has structured, led and participated in hundreds of privately placed debt and equity issuances for resource companies operating globally..Rick will call on his expertise gained from 40-plus years in resource markets… to give you the lowdown on everything he knows about investing in uranium.
Featured SpeakersAmir Adnani
President, CEO and Director
Uranium Energy CorpAmir Adnani advanced Uranium Energy Corp from concept to U.S. production in its first five years, and has developed an extensive pipeline of low-cost, near-term production projects. He is also the Chairman of Uranium Royalty Corp., a uranium royalty company. Mr. Adnani was selected as one of “Mining’s Future Leaders” by Mining Journal, a UK-based global industry publication. Fortune magazine distinguished him on their 40 Under 40, ‘Ones to Watch’ list of North American executives. Askar Batyrbayev
Chief Commercial Officer
Kazatomprom Askar Batyrbayev is responsible for strategic marketing and sales at Kazatomprom. He implements key projects and organizes the work of the trading company. He provides forecasting of market demand and monitors long-term market conditions, forms sales development plans, and price offerings in the domestic and foreign markets. Mr. Batyrbayev manages external relationships and supervises the implementation and expansion of the company’s market share in all key markets. He is a graduate of the Al-Farabi Kazakh National University with a master’s degree in Physics, and currently studies under the executive MBA program at Nazarbayev University.
Deep Yellow LimitedJohn Borshoff is an experienced mining executive and geologist with more than 40 years of uranium industry experience. He spent 17 years at the start of his career as a senior geologist and manager of the Australian activities of German uranium miner Uranerz. He founded Paladin Energy Ltd. and built the company from a junior explorer into a multi-mine uranium producer. Mr Borshoff is recognized as a global uranium industry expert and has a vast international network across the uranium and nuclear industries, as well as the mining investment market.Duncan Craib
Managing Director and CEO
Boss Energy LtdMr. Craib is a chartered accountant by profession specializing in mining, having gained vast experience in executive roles held in Australia, United Kingdom, Namibia, and China. For the past 12 years Mr Craib’s career has been dedicated to the uranium industry.Leigh Curyer
Founder, President and CEO
NexGen Energy Ltd.Leigh Curyer has more than 20 years’ experience in the resources and corporate sector. Previously he was the head of corporate development for Accord Nuclear Resource Management, assessing uranium projects worldwide for First Reserve Corporation, a global energy-focused private equity and infrastructure investment firm. His uranium project assessment experience has been concentrated on assets located in Canada, Australia, USA, Africa, Central Asia and Europe, incorporating operating mines, advanced development projects, and exploration prospects.
Sprott, Inc.With more than 30 years of experience in the financial services industry, at Sprott, Peter is responsible for strategy and managing the firm’s private resource investment businesses. His career includes a long tenure in investment banking, where he managed many strategic and underwriting transactions for companies in a variety of sectors. He has a track record of building and growing successful businesses including Newcrest Capital Inc. (as one of its co-founders) which was acquired by the TD Bank Financial Group in 2000.
Founder and Publisher
Uranium Insider ProJustin Huhn’s Uranium Insider Pro newsletter is the only regularly-published monthly investor-based newsletter in the world that solely focuses on uranium and uranium-based equities. Justin is a highly sought-after guest speaker on uranium and has appeared on CruxInvestor, SmithWeekly, MiningStockDaily, Jake Ducey’s “I love Prosperity,” Palisades Gold Radio, and many more. His newsletter has experienced explosive subscriber growth over the last eighteen months.
Director, Nuclear, Renewables and Battery Materials
Head Technical Advisor to Sprott Physical Uranium Trust
WMC EnergyPer joined WMC Energy with a broad background in the energy sector spanning 20 years. He spent over a decade in uranium sales and trading in various roles at the marketing division of Cameco Corporation, and prior to this he worked with nuclear power plant fleet management, investment planning and new build programs at utilities in Sweden and Switzerland. Mr. Jandar is leading the advisory work with Sprott, and also focuses on commercial engagement with the investment community, as well as key customers in Europe and Asia.
Head of Nuclear & Renewables
Technical Advisor to Sprott Physical Uranium Trust
WMC EnergyMandeep joined WMC Energy in 2019. Prior to this, he spent over 15 years with Cameco Corporation and its subsidiaries, primarily focused on uranium-related sales and trading at both Cameco Inc. and Nukem Inc. At WMC Energy, Mandeep’s focus is on uranium investment opportunities, structured transactions in the North American and Asian markets, and short-term trading opportunities. As technical advisor at WMC Energy, he advises Sprott Asset Management, the manager of Sprott Physical Uranium Trust, on all matters related to the storage of and transactions surrounding physical uranium.
Director Capital Operation Department
CGN Mining Company LimitedPaul Ma began his career as an auditor at PwC China, with energy-giant clients that included China Coal, China Datang Corporation, and China Huaneng Power International Inc. In 2010 he joined CGU Uranium Resources Co., Ltd. – the mother company of CGN Mining – where his role was securing the nuclear fuel supply for CGN’s growing nuclear fleet. Mr. Ma has procured more than 80 million pounds of natural uranium concentrates from Cameco, Areva, Paladin, Kazatomprom, Nukem, and others, while accumulating a wealth of experience in natural uranium concentrate tradinG.
President and CEO
Fission Uranium Corp.Ross McElroy is a professional geologist with 35 years of experience in the mining industry. He is the winner of the 2014 PDAC Bill Dennis award for exploration success and the Northern Miner ‘Mining Person of the Year’. He has comprehensive experience working and managing many types of mineral projects from grass roots exploration to feasibility and production. Mr. McElroy has held positions with both major and junior mining companies, including BHP Billiton, Cogema Canada, and Cameco. He was a member of the early stage discovery team of the MacArthur River uranium deposit.
CEO, President and Director
Uranium Royalty Corp.Scott Melbye is a 37-year veteran of the nuclear energy industry having held leadership positions in major uranium mining companies and various industry organizations. He also currently serves as executive vice president of Uranium Energy Corp., and as advisor to the Nuclear Engineering Program at the Colorado School of Mines. Up until recently, he was vice president commercial for Uranium Participation Corporation (now Sprott Physical Uranium Trust), and advisor to the CEO of Kazatomprom, the world’s largest uranium producer in Kazakhstan. Mr. Melbye is currently the president of the Uranium Producers of America and is a past chair of the Board of Governors of the World Nuclear Fuel Market.
Founder and CEO
Louis James LLCLobo Tiggre, aka Louis James, is the principal analyst and editor of IndependentSpeculator.com. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. A fully transparent, documented, and verifiable track record is a central feature of IndependentSpeculator.com services. Mr. Tiggre puts his own money into the speculations he writes about, so his readers know he has “skin in the game.
“It doesn’t get much better than
this stellar lineup of uranium experts!Plus, you’ll learn…Why uranium is suddenly politically correct…Why a major move in the uranium price and uranium equities is both inevitable and imminent…About the significance of the new Sprott uranium product…About the impact of Japanese restarts…The status of existing uranium inventories…What the probability is of significant new supply from existing larger producers…About new trends in the incentive cost of uranium…About why Rick’s uranium price target could be very conservative…What characteristics Rick looks for in a uranium investment…Things to consider when investing in smaller companies… or established producers.On top of all that…You’ll also get the details of how you can invest alongside Rick Rule… in uranium companies that fit his specific investment criteria.And… Rick will tell you himself why he says investing in uranium was “the single most important financial event of my career.”There’s one more thing…I want to remind you that Rick Rule personally evaluates every sponsor. This is your assurance that each company he presents to you is a company he knows well enough that he has his own capital at risk.And I think you’ll agree… without a doubt… this event has invaluable quality…The best-ever uranium conference
of its kind for the uranium investor.
You won’t find it anywhere else – this combination of crucial information and world-class speakers…Leading uranium industry experts and analysts…A highly-rated team of top-notch traders and consultants…All sharing their latest cutting-edge ideas and strategies.And certainly not at this price.Right now, you can attend this exclusive event for just $99USD.You have much to gain, and nothing to lose…If you’re not satisfied, we don’t expect you to pay.In fact, we’re so confident our virtual Uranium Investor Bootcamp will exceed your expectations, we’ll refund the cost of your registration in full, provided your request is received in writing to firstname.lastname@example.org prior to April 1, 2022.No questions asked.Mark your calendar…The 2022 Rule Symposium on Natural Resource Investing (formerly the Sprott Natural Resource Symposium) will be LIVE, in-person on July 26-29 at The Boca Raton, a historic, 5-star luxury resort in Florida’s famed city of the same name.
Your Uranium Bootcamp registration fee of $99USD will be applied as a special discount toward your Rule Symposium registration.
At 11a.m. EDT sharp, this Saturday, March 19, Rick Rule and his top-notch uranium experts will kick off our first-ever virtual Uranium Investors Bootcamp – I hope you’ll join us!This is an extraordinary opportunity and I’m excited to share it with you.To your financial success!
Conference Director, Opportunity Travel & Events
P.S. Opportunity Travel & Events is the organizer of the Rule Uranium Investors Bootcamp. The charge for your registration will be from Opportunity Travel.For more information about our tours or conferences, please contact Barbara Sedita or Michelle Sedita at Opportunity Travel by email at email@example.com or by phone at +561.243.6276 or toll-free at +800.926.6575.Disclaimer: Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. In the interest of full disclosure: Opportunity Travel may receive commissions from any property sales made during any of its trips. And, as a travel agency, we often receive a commission from hotels when we book rooms for our tours and conferences.
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Joining us for conversation is Shawn Khunkhun the CEO of Strikepoint Gold (TSX.V: SKP | OTC: STKXF). Glad to have you on the program to share the opportunity before us at Strikepoint Gold. Before we delve into company specifics, Mr. Khunkhun, please introduce us to Strikepoint Gold and the opportunity the company presents to shareholders.
Strikepoint is an exploration company, advancing high-grade properties in safe jurisdictions. I repurposed the company back in 2016, the gold price had been cutting out and majors were not exploring, nor developing. And the thinking was we could buy it projects for pennies on the dollar. We could advance them. And in the future, we could move those projects along to the Major that are looking to secure development pipelines.
You have a reputation for having astute business acumen and great use of optionality on how you establish the company. Looking at the map before Strikepoint Gold has the property bank situated in the prolific Golden Triangle, get us acquainted with the region and some of your neighbors.
Okay. So, near the Triangle, it’s an area that exploration has been going on for over a hundred years. It’s produced some of the richest gold mines in the world. If you look at the Premier Mine that Ascot is currently holding, that was one of the richest modern mines in the modern era, in terms of several ounces, in terms of grade. Eskay Creek, a strong gold and silver mine. The Golden Triangle is known for large deposits, high-grade deposits, and is one of the hottest mineral exploration hubs on the planet.. There’s just, it’s a flurry of activity with the discovery of Pretivm’s Brucejack, we’re seeing large companies like Newmont and Newcrest come into the area. Noteworthy of mention, there is also tremendous infrastructure throughout the Triangle.
Let’s go on-site and find out more. Sir, take us to the flagship Willoughby Project and introduce us to the value proposition before us.
The Willoughby Project is a spectacular world-class discovery that was originally explored in 1989 to 1996 time period. There were about 120 drill holes, and there were some robust grades of 20-gram gold over 20 meters thickness that were discovered. During that time the Bre-X scandal happened and you also had the gold price heading down to just under $200 an ounce in 1999. So it was a very, very difficult time for the mineral resource industry. e acquired the property in 2018.. There’s a lot of grade on the project and we are excited about the opportunity before us. We are trying to connect the dots in-between zones. So, that’s the value proposition, linking these zones to show that this is a mineable project.
I referenced business acumen, when and under what terms was Strikepoint Gold able to acquire the Willoughby Gold Project?
That’s an interesting story. So back in October of 2018, the gold price got sold down to about $1,100 an ounce. And at that moment, we were able to acquire Willoughby for $85,000 in cash. And by issuing three million shares of Strikepoint, which at that time was valued at about half a million dollars. Considering the amount of drilling that was done on the property, its proximity to Red Mountain, which was subsequently acquired by Ascot. It was a once-in-a-generation acquisition for the company.
Germane to the value proposition and exploration thesis is an important stratigraphic marker known as the Red Line. What is the Red Line and where is it in relation to the Willoughby Gold Project?
There are two BCGS geologists, Jeff Kyba and JoAnne Nelson, and as they were looking at this tremendous area that’s produced very high-grade deposits. They were trying to look at a model, a geological model to identify where to look for the next giant gold, silver, and copper deposits in the region. So Kyba and Nelson came up with this theory and it’s a theory that has been widely accepted by the scientific community and identifies a contact. The big deposits in the Golden Triangle are found within two kilometers of where two different rock types meet. So this is the Triassic to the rocks and the Jurassic Hazelton formation. These are two different rock types that meet within two kilometers of that contact, which have produced some of the biggest deposits in the region are found.
Thus far, we’ve been able to determine that Strikepoint Gold is in a friendly mind jurisdiction, located in the prolific Golden Triangle, neighboring some very prominent names, and the project is along the Red Line. Two prong question, can you delve a little further into historic resource and share some of the grades with us?
The Willoughby does not have a formal 43-101 compliant resource on the property, however, the historic resource has about eight different areas throughout the Willoughby property where there’s tremendous grade and there’s been a lot of drilling. So, on the back of a napkin, I don’t want to speculate in terms of ounces, but what we’re looking for here is the neighboring Red Mountain deposit, which is just under a million ounces at about 7.5 grams per ton. We think this is analogous to Red Mountain. And if you look at the footprints of the mineralization from surface, it leads us to believe that we’re onto a very, very large gold system here. So, this season is going to be crucial. We’ve done some significant work on the property to date.
We’ve got assays pending and we’re trying to accomplish two things. Number one, link different zones of mineralization. Number two, we’re looking for where we could fit a deposit into the system. And we are drilling somewhat I would describe as Wildcat holes into areas that should host a very, very large system. There are two opportunities on the property. One is for a KSM style disseminated large system. These are two systems, one’s 40 million ounces of gold and the other is 10 million ounces of gold. And then the other opportunity is for a higher-grade epithermal vein-rich system. We have seen both types of mineralization on the property. And if you look at what Ascot is doing in terms of their hub and spoke model, along Ascot you also have Yamana and Newmont. So there’s a huge appetite from a larger gold entities for consolidation and acquisition.
Speaking of Wildcat drilling, last month Strikepoint Gold announced the commencement of a 3000-meter drill program. How’s the program coming along and when can shareholders expect results?
The program’s going well. I was just up in Stewart, along with our technical advisor Rob McLeod. Strikepoint Gold is blessed with one of the best teams in the exploration business. These are professionals that have worked on a lot of the big projects in the Golden Triangle. Originally came out with a 3000-meter program at Willoughby where we’re halfway through that program. It’s going exceptionally well. It’s on time, it’s on budget. It’s very difficult to speculate on assays because you are dealing with third-party labs. And if 2020 taught me anything, we were exceptionally delayed in assay times, but I would suspect that we’re going to have a very results-rich autumn season, a very result-rich fall after Labor Day and that we should be reporting ongoing into Q1.
Sounds very intriguing. If you enjoyed the value proposition of the Willoughby, wait till you hear about the Porter. Mr. Khunkhun, please introduce us to the Porter Silver Project.
But before we get specifically into Porter, I want to share with readers this goes beyond Porter. This goes more to why silver, and my last experience in a bull market for gold, when gold prices went from hundreds of dollars up to thousands of dollars into 2011, it was the silver stocks, the silver equities that delivered the best returns for resource investors. I was very deliberate during this cycle. In 2018, the company acquired Porter, we acquired it from Skeena resources. I was very deliberate in positioning the company with a high-grade silver property. If you look at the number of pure high-grade silver properties in the world, you could count them on a couple of hands. There are very few opportunities for resource investors in the silver space and even fewer outside of Chile, Argentina, Mexico, and Peru.
The Porter is in a safe jurisdiction. It’s a past-producing silver mine and one of the highest-grade silver mines I’ve ever come across in my career. The average production grades at Porter were 2,500 grams per ton, but it’s the exploration thesis. It’s the opportunity before that really has us excited. The high-grade mineralization is on both sides of Mount Rainey overlooking the town of Stewart. The Porter two kilometers from the town. but you’ve got this high-grade mineralization that’s at either side of Mount Rainey. We can see the Petro Canada Gas Station. the Deepwater Seaport going into the Portland Canal. Highway 37A. So all the infrastructures there. So, you’ve got the Silverado Mine on one side, you’ve got Prosperity Porter Idaho on the other side. They’re separated by about two kilometers and there was a large glacier, the Silverado glacier that prohibited exploration in the past. That glacier is pulled back.
It’s opened up a new exploration corridor and we believe those two systems are going to meet. And when you have two systems meeting, you usually have exceptional grades. The opportunity there is to link up these two past-producing mines by drilling into the center of the mountain. And it’s an opportunity that previously was not accessible. And this is the season that Strikepoint test that theory. In addition to stepping out from each of the mines on either side, we’ve got step-outs where we’re trying to extend the known high-grade resources and known areas that were once in your production. But the real opportunity is a target that we call Big Flex. The Big Flex opportunity is a series of drill holes right into the center of the system where these two systems should meet. And, if we’re successful and if the assays come back anywhere in the neighborhood of where historic production grades were, this is going to be a transformational year for Strikepoint.
You referenced 2,500 grams per ton on the historical work. Let’s put that into perspective for readers. What kind of grade would you a need to go into production?
Not all deposits are the same. You’ve got underground mines and open-pit mines. Typically what you’d see at an open-pit silver mine is one-ounce material or 30 gram material. At an underground mine, you’re probably closer to 200 grams per tonne, which is about eight ounces roughly. So, we’re talking about a system here that is 10 times richer than most underground mines. That’s the opportunity here. And, just so you know that this isn’t the exception in the area. If you look at some of the giant silver mines in the area like Eskay Creek, they produced almost 200 million ounces of silver at better than 2000 grams per tonne. There’s a lot of precedent in this area for mines like this, Eskay is one example, at the Premier Mine there was a lot of high-grade silver recovered, at Pretivm’s Brucejack there’s a lot of high-grade silver that’s coming out. And just to the south of us is Dolly Varden Silver.
I see that Porter has a historic resource, is the goal to twin the holes?
No, the goal is not to twin the holes. The goal is to extend the known band. While we were drilling the Willoughby property last season in 2020, we sent a team out to do some surface work at Porter. They were looking to extend the veins at surface. This was the deep vein, the blind vein. This is on the Prosperity Porter Idaho side. We were successful. At surface, we had come up with new extensions, we’ve discovered new veins. And so the goal here is to extend and expand the known veins at both Silverado and Prosperity Porter Idaho. It’s to uncover new veins around that. But the big prize here is if we were able to come up with some structure, some mineralization in between those two zones that had never been explored.
You’ve also been busy doing some field mapping and grab samples, what were the results?
Recently, we’ve had up to 3,800 grams per tonne, but when we first acquired the property. At the Silverado side we’ve had up to 44,000 grams per tonne. This is one of the most exceptional specimens I’ve ever come across in my career and so up to 44,000 grams per tonne, that’s 20 times the average production grades.
All right. So let’s discuss some important topics that you’re main to your projects, and that is, are the projects 100% owned?
They are 100% owned.
And what is your relationship with the first nations?
There are two first nations groups in the area. South of Treaty Creek, we’re in Nisga’a territory. And so we’ve got a very, very strong relationship with the Nisga’a Nation. About a third of our workforce comes from Nisga’a and everyone from our team had a long history of just a very, strong relationship there. I’ve said this before, they’re our brothers, they’re sisters, they’re our friends. They’re truly our partners and it goes beyond Nisga’a, it’s everybody close to the Stewart community. These are non-first nations. These are non-indigenous peoples as well. We are truly from the north for the north and that’s our policy.
We’ve discussed the good, let’s address the bad, what can go wrong? And what are your action plans to mitigate that wrong?
In 2020, we had one of the worst weather years up in the Golden Triangle that we’ve seen in about a decade. And so that’s hasn’t been the case this year. But last year, if you scanned about two dozen junior resource companies and went through their financial statements, what you’d see is some companies we’re operating at a 30% production because of weather. I’m happy to report that Strikepoint last season, we combated the weather, and we were operating at about 90%, 95% productivity. So, we overcame weather, but weather can be a challenge in this part of the world. Apart from the weather, we went through the COVID pandemic in terms of more regulations and just a stronger adherence to health and safety.
We are always on high alert in terms of COVID outbreaks. And lastly, just with the scarcity of certain supplies. We started the season, we saw some trends in lumber in late 2020. We made all of our wood purchases in Q4 of 2020 and in late Q3, and thankfully so, because how do we try to secure lumbering in Q1 and Q2? We would have paid twice the price. Now, thankfully things like lumber and other costs have come down, but there is a shortage of certain goods and items. Sometimes there are some delays, but, those are the types of things that can go wrong.
All right. Let’s discuss the people responsible for increasing shareholder value. Mr. Khunkhun, please introduce us to your board of directors and management team, and what skill sets do they bring to Strikepoint Gold.
Strikepoint Gold has a diverse group, but, if you look at the skills and experience matrix, we’ve got a lot of boxes checked here. We’ve got a mining engineer, Ian Harris. Ian, was instrumental in the sale of Corriente Resources for about $690 million. We’ve got an exploration geologist, Adrian Fleming. I don’t think we have enough time to go through all of Adrian’s successes, but he’s just a tremendous mentor to the beyond geologists that work for the company. We’ve got a tremendous mining engineer. We’ve got a great exploration geologist. Carol Li, who is the chief financial officer for Ascot Resources and is on the board. And then beyond the board of directors, we’ve got advisors like Rob McLeod, Ryan Weymark, myself. To round things out, I come from a marketing and capital reserve background. So we’ve got all the right elements you need to move a company like Strikepoint forward.
Let’s get into some numbers. Please provide us with the capital structure for Strikepoint Gold.
Strikepoint has about 200 million shares issued and outstanding. Eric Sprott as the largest shareholder at close to 20%. We have a couple of corporate shareholders in Ascot, and Skeena. In terms of institutional ownership, I believe it’s around 40% and you’ve got tremendous names in the institutional leadership. You’ve got firms like Delbrook, Crescat, US Global, Gold 2000, Sprott. So, it’s all the who’s who in the resource fund space.
How much cash and cash equivalents do you have?
So, we’ve got about $10 million in the bank. And, we’ve got about a $4 million budget here. We should start the year with roughly $6 million. We should start January 1st, 2022 with about $6 million after all of our exploration expenditures and spending.
How much debt do you have?
And if you can just remind us one more time, what is the float?
The float is roughly 40 million shares.
In closing, sir, what keeps you up at night that we don’t know about?
When our crew is in the field, they’re on my mind. I sleep like a baby come December when the crews are off the property. When you go to work with people, you start to care about them. And until everybody’s gone home to their families at Christmas, that’s the one thing in the back of my mind. And it’s part of the reason that we make our best efforts to go up and to spend time with our crews. Team morale is important.
Last question, what did I forget to ask?
One of the things that you should know is that I’ve personally invested about $500,000 dollars in Strikepoint, for me, that’s a material amount of money. And so my interests are aligned with shareholders’ interests, my family, and my friends. There’s a lot more in terms of reputation and then in personal a skin in the game. So, that’s one thing I’d like your viewers to know.
Mr. Khunkhun, it’s been a pleasure speaking with you today, wishing you and Strikepoint Gold the absolute best, sir.
And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com. Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.
CNN Chile featured Hot Chili in a recent story about the Company’s exploration activity in the country, including their discovery of copper and gold at the Cortadera Project. Learn more about Hot Chili: https://www.hotchili.net.au/ ASX: HCH OTCQB: HHLKF
Our leadership is a product of a democratic system, a system of populism and demagoguery, not a system of philosophical Kings. – Jayant Bhandari
Spencer Cain: Joining us for a conversation is Jayant Bhandari. He’s the founder of Capitalism and Morality and a highly sought after advisor to institutional investors. Jayant, how are you, sir?
Jayant Bhandari: Hey, Spencer Cain, thank you very much for having me. I’m very well.
Spencer Cain: Oh, that’s great to hear. Jayant, we’re living in challenging times. And I want to know how your philosophy has shaped your experiences and perspective of the world and how you assess global markets.
Jayant Bhandari: So, Spencer, yes, as society has progressed over the last 70 to 100 years, Western society has become increasingly unhinged from its philosophical rules. Now I grew up in a society where materialism was the dominating factor or probably the only factor in life. People talked about food, celebrities about pleasurable activities, but there was no concept of ideas. There was no concept of discussions and negotiations and argumentation. If at all, there was anything like argumentation. It was about a verbal fight or a physical fight. And if you had higher moral values, people would make fun of you.
Jayant Bhandari: So if you said something, talked about compassion, or talk about something nice or something that elevated the human psyche to a higher level, people would laugh at you. And this was the society of India where I grew up in. And as I was growing up, I was obsessed with the fact and this used to happen right from my early single-digit age. I was always wondering, what was it about India that kept it such a wretch and backward society?
Jayant Bhandari: And of course I knew something about America, about Western countries, those days. And I look forward to what was to learn what was happening in the West, which made it such a progressive society were people had equality. People had a sense of adventure, a sense of passion for life. And that was the reason I came to the West. And I have been living in the West on and off for the last 30 years.
Jayant Bhandari: What I have seen, Spencer is that as time has gone by Western society has increasingly become unhinged from its philosophical roots. And it has become over-reliant on the same things that did not work in India. Which is what in Western society, you will call progressisme. Which is the leftist, which is about the sense of entitlement and grievances that the Western society now inculcates, in a lot of people, particularly the underclass, which has created a huge amount of vicious cycle of immorality in the Western society.
Jayant Bhandari: And that is the foundations for what you see on the streets today, the right thing, and a general dislike of the masses towards Western civilization. Which will actually undo the whole of the construction of civilization we have done in the last two and a half millennia. We will revert to a dark age if we don’t stop this now
Spencer Cain: Jayant, why is it important to have a system of values in a world where there’s a lot of confusion and hate?
Jayant Bhandari: It’s very important, Spencer for us to be able to negotiate for you and me to negotiate, argue, and talk about things. To have a system that we both believe in. We have to have the concept of reason. Now, if you do not have the concept of reason, the only possibility is the concept of mitis, right? And that is the concept that ruled all of the worlds until not very far in the past.
Jayant Bhandari: The Western society in Europe was the first society and the only society that developed the concept of reason and amalgamated that with Christianity, a kind of culture that Europe developed and the philosophical structure of this honey combo of all the factors verge together to create Western civilization. Something that is unique and continues to be unique. And unfortunately, it’s diminishing. Now this Western civilization, this attitude, and the understanding, the subliminal, understanding that people in Western society have resulted in a kind of culture when we can in a civilized way, discuss, argue, and negotiate. Something that does not happen outside Western society. Now it does happen in East Asia, but that’s all because they copied the Western ways of running their lives.
Jayant Bhandari: Now, as time has gone by, you can increasingly see that emotions are reigning Supreme on the institutions, and they are reigning Supreme on the institutions in the western world today because we have allowed the irrational people to dominate the public discourse.
Jayant Bhandari: We are too sympathetic about the underclass. And I’m not saying we shouldn’t be sympathetic towards standard class, but we should not incur, let them keep developing the sense of entitlements and sense of grievances.
Spencer Cain: I was thinking today and the word confirmation bias popped into my mind. And you were speaking about emotions. Now emotions are a signal. They should be in signal to let you know that something is unsettling to you but you should not act upon those emotions. And just as you stated people use their emotions as a driving force to make decisions, which is completely irrational.
Jayant Bhandari: So Spencer, this is very interesting. We are animals. The only reason we don’t call ourselves animals is because we develop consciousness and we learned a bit rational as slowly, more, and more rational as time passed by. We developed consciousness and we agreed that there were ways that were not appropriate for human beings as animals if we wanted to develop into a civilization. This meant that if we wanted to have a higher quality of life, we had to develop a certain code of conduct. This meant that if I feel lustful does not allow me to go and rape someone. Or if I feel greedy, it does not mean I should go in and steal from someone.
Jayant Bhandari: And these are the things that we were taught in rational societies to reign in on the irrational emotions which is that. And this is what the 10 commandments are based on. And this is where I think Christianity did a great job. It created a web of moral infrastructure for society to operate through that. Reigning on emotions is what makes us a human being, not an animal because animals just operate through their instincts and emotions.
Spencer Cain: You and I are having this conversation. And a lot of people are not, why do you think that’s so sir?
Jayant Bhandari: There is a lot of conversation happening, but I would say that in the Western world, what I have seen over the last 30 years is the crippling of the conversation. People no longer discuss some of the key aspects because those key factors are politically incorrect. So we have been disabled in our discussions.
Jayant Bhandari: Now you cannot have half a pregnancy. You either have no pregnancy or full pregnancy. Once you hinder the free flow of ideas and free flow of freedom of speech, you destroy it completely. And that is what has happened in the Western world today. People no longer want to discuss some of the key aspects. And there are many reasons behind this. Everything results because so many other factors work together to lead to where we are today.
Jayant Bhandari: Clearly there has been intellectual laziness that has developed in the Western world. People are more worried about their lifestyle and the size of their kitchens, and they want to make sure that they stay on good terms with everyone. And they have started
to believe that it does not make much sense to rock the boat much.
Jayant Bhandari: So they are more accepting of bad behavior as time has passed by because they want to live and let live rather than fight to do what is right. And without fighting entropy kicks in and civilization, it starts to fall apart. And that’s, what’s exactly what’s happening. We lack the intellectual leadership required in Western society. Now, Western societies are the best part of the world and I love being in Western society.
Jayant Bhandari: But remember it is great even today for only one reason and that is inertia because it was created great so the inertia has kept it great, but you can see that the foundations have fallen apart, particularly in the US side. And the US is probably the first country that will go even though it is the best country on the planet, even today
Spencer Cain: In terms of groupthink, in your opinion, how can frustrated segments of the population have their message delivered more constructively?
Jayant Bhandari: It is extremely important that we do what we are competent to do. If we do things that we are not competent to do or have a view on something we have no understanding of, we will be operating out of emotions. We will be operating out of our competencies. Now, a plumber does his plumbing job and an electrician does his job. If a plumber tries to do an electrician’s job, he is going to mess things up. Similarly, there are people who understand medicine. Now, if I have an opinion on medicine, then I am going to start messing things up even though I might be correct once in a while compared to a doctor.
Jayant Bhandari: Similarly in public policy space, if you don’t understand public policy, you should stay out of it. What we have done, however, is that we have made the world increasingly democratic and democracy is the very worst form of running a society.
Jayant Bhandari: What you have in a democracy is governance of the masses. The government is run by and for the masses. The masses are not interested in what creates the spine and foundations of civilization. Masses are interested in bread and circuses. And as time has gone by democratic societies have increasingly become bread and circuses society.
Jayant Bhandari: So the first step that should never have been taken was that the US should never have given the right to vote to so many people. Now, virtually everyone has the right to vote as long as that person is above a certain age in the US. Whereas when America became an independent country, only about what I know about 6% of people had the right to vote.
Jayant Bhandari: Now, nothing is perfect in life and we can argue about why only those 6% of people had the right to vote. But the fact remains that what you want in a governing government appointing system is that you want a statistical outcome to improve. And democracy inherently leads to the worst kind of statistical outcome.
Jayant Bhandari: So yes, the lower class underclass, the oppressed people should have a voice, but they should not be allowed to rule on the streets of and loin and the situation should be such that anyone who creates violence of crime on the streets should be heavily dealt with.
Jayant Bhandari: Now, I’ve watched a video yesterday in Louisville. A bunch of demonstrators and rioters were troubling one white car and his car was ambushed. His car was badly damaged. People chased him, a truck, chased him. The guy must have been petrified in all this sequence of events. And when he finally managed to run away from this rioting goons, what happened was that the police arrested him. Now, in my view, he was a hero, he was the victim, but instead of arresting the rioters, this guy was arrested.
Jayant Bhandari: And this is where civilization, it starts falling apart because you are now doing exactly the opposite of reason. So yes, oppressed people should have a voice but my first question is, are people in America really oppressed? I don’t see any sign of it. Are our people in Western society, oppressed. I mean, this is really as good as it gets in nature. I mean, I can’t even imagine how it can get better than what it is in America today.
Spencer Cain: Jayant, I was having a conversation with someone who was attached to one of the movements. They felt as if the people had a right to damage these businesses because they didn’t feel like a part of the community. And in my mind, I was thinking, well, if you want to be a part of the community, why don’t you contribute? If you want a business, you have every right to start one. Providing a product, a service that will enrich those around you. And by destroying someone else’s business, that’s counter-productive, it’s irrational and nothing’s accomplished. And it just further divides the cause. And there’s no ground for communication.
Jayant Bhandari: Exactly, Spencer. And these are anti-civilization forces. If you let these people keep doing operating out of this belief that you just mentioned, they will completely destroy the society and we will revert to subsistence living. Which means that half of us would be starving. We would be living in caves and we would be running from living from hand to mouth, out of hunting and gathering. And these are the kinds of people who have this massive sense of entitlement and sense of grievances.
Jayant Bhandari: Now, the fact is that if someone doesn’t give you a job, no one has the duty to give you a job. Look for a job and if you can’t find a job, is develop skills to get a job. And in America, Spencer, really anyone can get a job for five or $6 an hour. Even if it’s illegal, you can walk into a Chinese store and get a job for less than the minimum wages. And he will give you a job. And that is the great entrepreneurial-ism in America. You can get a job for five or $6 and five or $6 is a huge amount of money for me. If I, knew that’s all I was going to make, I can easily save half of that money and grow my net worth as time passes by.
Jayant Bhandari: But these people have this sense of grievances that think that businesses and wealth and welfare checks exist in nature because that’s how they have grown up. They think that for the last two or three generations, probably money has come from the government and they think it’s still right to get that money.
Jayant Bhandari: And because businesses have provided services to these people, they think it’s their natural right to get those services. But because of the way of thinking that they have developed the immoral thinking that welfare checks and the lack of self-responsibility and the lack of criminal prosecution against these people has created, has meant that we have given them a higher level of authority in destroying the civilization. And that’s what America is going through right now.
Spencer Cain: I can’t help, but think about how people’s psychology is being affected. If they’re able to get a check from the government, sometimes in the excess of thousands of dollars while sitting at home and watching television.
Jayant Bhandari: Okay. So, Spencer, that’s actually very interesting. If I have an apple tree in my house and if it keeps giving me apples all the time, I start to believe that apples exist in nature and the tree provides for me, and I expect the tree to provide me apples.
Jayant Bhandari: Now, if I grew up in a society where for two or three generations, welfare checks have kept on coming to me, and if I don’t look after my health, if I drink a Coca-Cola and Pepsi all the time, if I eat chips all the time, if I have bad lifestyle, I drink and healthcare takes care of me for free. I would start to believe that these things exist in nature.
Jayant Bhandari: Now someone ha
s to either challenge them and say that these things don’t exist in nature. And that to provide for these things, someone has to work very hard to create the capital and wealth required to provide healthcare and welfare checks for you.
Jayant Bhandari: However, if no one challenges you, which is what has happened in Western society because people are too politically correct. But also the whole subliminal message of welfare checks, which go on forever is, and free healthcare is that these are my rights.
Jayant Bhandari: People have come to believe in that and particularly those people who are not interested in ideas. And these are usually the leftist forces, almost always the leftist forces because leftism, Marxism, and socialism is the belief of materialism. They are only interested in the material. How can I get more? They are not interested in ideas, they don’t discuss ideas at home. They don’t have friends with who they discuss ideas. They meet their friends in noisy places so that they don’t feel alone and they can drink their days and nights away or watch TV.
Jayant Bhandari: Now, these people who have no interest in ideas, if they keep getting welfare checks. Their behavior will become immoral, although they were not going to be moral anyway, you have to provide them a system within which they operate, what the outsider perceives as moral. And that is the job of leadership in any society. But again, we do not have those kinds of people running our societies anymore because our leadership is a product of a democratic system, a system of populism and demagoguery, not a system of philosophical Kings
Spencer Cain: Jayant, I would like to wrap things up and ask you what some of your influences in life have been to form your philosophy.
Jayant Bhandari: Spencer, the biggest influence for me was India. I grew up surrounded by what I would say nonstop stupidity. And that system, those people, that society, and that culture made me uncomfortable growing up in that society. And I was always thinking about what was wrong about it that it was such a dysfunctional inhuman place. And once a friend of mine in New Delhi told me that I spoke things which were very similar to a couple of books that she had with her. So I borrowed those books from her and those books were cathartic to me because those books told me that I was not alone in having the kind of belief I had. And those books were books of Ayn Rand and Frederick Hyatt and George Orwell.
Jayant Bhandari: So those were some of the best books I have read. I have read a lot. I have let’s say in the recent past met people like Stephen Cox of the Liberty magazine, Doug Casey, who was my employer at one point of time, a great philosopher, Adrian Day, Rick Rule. There are many people that I have come to know. Lew Rockwell of the Mises Institute does a fabulous job of promoting reason and rationality to humanity. The list goes on. There are many people in Western society that I have come across who have helped me understand objectivity, reason, and understand the world.
Spencer Cain: Mr. Bhandari, you run a philosophical forum by the name of Capitalism and Morality, which I’ve had the honor and pleasure to attend. And the ideas that I have received there, have stayed with me until this day. Would you mind providing more information about that to the listeners?
Jayant Bhandari: I run Capitalism and Morality seminar in Vancouver, Canada, every year. I’ve been doing it for the last 11 or 12 years. And this is pretty much my way of re-convincing or showing to the Western world somehow precious the Western civilization is. How precious some of the underpinning factors of Western civilization, particularly to do with reason and morality are. And that’s why I gave it a name, capitalism, and morality. The next one will be on the 24th of July, 2021 in downtown Vancouver, Canada. And if any of your audience wants to participate in it, they can use a coupon to get a 10% discount rate, which I will send to you later, which you can link in this podcast,
Spencer Cain: Mr. Bhandari, for the listeners that would like to get to know more about you and the work that you do in the world. How can they get in contact with?
Jayant Bhandari: And everything I write or speak on goes on that website www.jayantbhandari.com.