エピソード

  • The Risk - Reward Myth of Mineral Exploration: Jon Hronsky

    The Risk - Reward Myth of Mineral Exploration: Jon Hronsky
    2021/03/22
    Coffee with Samso Episode 76 is with Jon Hronsky, of Western Mining Services   Mineral Exploration has always been thought of as the highly speculative and hence is a high risk investment. Jon Hronsky, a geoscientist of the last 37 years shares his thoughts on why this is not true.   I met Jon way back in the late 1989 when I was in my second year of my undergraduate geology studies. I have casually been following his work since then and value his high level (regional) targeting strategies.   One of the hardest things to research are the myriad of projects that exist in companies in ASX. Over the years, I have been asked many times what I think of the projects in this company of that company. What is hard to comment on is the legacy that exist in these projects. If you do not know the history or the content of management, this is extremely hard to give a "correct" answer.   The general consensus is that if there is historical history of mineralisation, this will be a better project. As many experienced proponents of this sector will tell you, this is not anywhere near sufficient information to make a "intellectual" comment. There are way too many other information required before it comes near the point of an "educated" estimation.   Jon Hronsky comes form a breed of mineral exploration that looks at the picture and this is what I call the need for the right ingredients. I am talking about greenfield projects where the "out of the box" thinking have taken the "risk" to chase the potential. These kind of projects normally comes up with the greatest rewards for investors.   In this episode, Jon shares with us his thoughts on mineral exploration and why he thinks the Empress Springs project is a great example of the First Mover Strategy for Moho Resources Limited (ASX; MOH) .   This is the biggest coherent anomaly I have seen. - Jon Hronsky on the Empress Springs project. The risk for investors is realistically less for greenfield exploration as opposed to advanced projects.
    続きを読む 一部表示
    30 分
  • Adavale Resources Limited (ASX:ADD) - The East African Nickel Belt.

    Adavale Resources Limited (ASX:ADD) - The East African Nickel Belt.
    2022/08/11
    Coffee with Samso Episode 151 is with David Riekie, Executive Director - Adavale Resources Limited (ASX: ADD) Focusing on a discovery in the East African Nickel Belt. David Riekie, the Executive Director of Adavale Resources is now sharing with us on the latest activities with the company. The company is currently completing a fund raising exercise and it gives current shareholders a great opportunity to participate. There appear to be a lot of exploration activities happening in the coming months. David gives us break down on what is happening with Adavale as they move into another period of exploration activities. As the company move into the next phase of exploration, David explains why the East African Nickel Belt is important and why Adavale will be benefiting from the lack of historical exploration. As I decipher the conversation, I feel that Adavale is benefiting from a dominant land holding in this nickel belt. There are not too many stories where a small cap company is holding this position. The nearest analogy for me is when the Yamarna Greenstone Belt was predominantly controlled by the Gold Road Resources Limited. They held a similar dominant position like Adavale. That land holding has now allowed the company to be the owner of over 9M ounces of gold. Chapters: 00:00 Start 00:20 Introduction 01:05 Updates about fundraising 02:45 Follow up on plans from previous discussion 04:45 Explanation on conceptual model of EM signatures in Kabanga 08:39 Interpreting the images from the presentation 11:56 Is the East African Nickel Belt a belt worth looking at? 14:42 Comments on BHP investing in the Kabanga project. 17:34 Thoughts on comparison to Gold Road? 19:32 Is this the start of consolidation period of producers in the base metals space? 23:03 Comments on being in a belt that is not well explored? 26:11 Thoughts on the Nickel market? 30:18 News flow for Adavale 32:03 Prediction on discovery holes 34:02 Why Adavale? 36:13 Conclusions
    続きを読む 一部表示
    38 分
  • A Discussion on Mining and Politics: Implications from State, Federal and International.

    A Discussion on Mining and Politics: Implications from State, Federal and International.
    2022/08/15
    Samso Insight Episode 97: This episode is a general discussion on how politics and mining are interbedded in conversations. One of the most important factors about investing in this mineral resource sector is understanding what the macro instruments are doing and how they will affect your investments. For example, Tony gave us a good (long) discussion of what will ultimately be the cost that industry will wear with the onset of policies that will create bureaucracy hurdles which ultimately means more cost and headaches to industry. This episode is a good change of pace from our technical discussions. This is a discussion which will univariably create more questions than answers. This is the very reason I invited Tony to come and share his thoughts. As we all know, investing in any sector or industries, we have to look at all aspects that will affect the earning and capital appreciation of the product. This episode gives viewers a good understanding of what those factors may be in reality. Chapters 00:00 Start 00:20 Introduction 01:12 All about Tony Goode 03:08 The factors affecting mining investments. 10:03 The cost of ESG? 22:30 How can investors digest the need to go clean energy? 26:19 How much influence do politicians have on investments when they speak? 28:49 Can Australia play the Nationalism card to protect out critical metals? 32:15 The changing geopolitical boundary could be positive for the mining industry. 33:48 Last words from Tony Goode. 36:21 Conclusion
    続きを読む 一部表示
    37 分
  • Tempest Minerals Limited (ASX: TEM) - Acquire Producing Asset - Tolukuma and Mt Penck Projects.

    Tempest Minerals Limited (ASX: TEM) - Acquire Producing Asset - Tolukuma and Mt Penck Projects.
    2022/08/16
    Rooster Talk Episode 64 is with Don Smith, Managing Director, Tempest Minerals Limited (ASX:TEM) and Iain Macpherson, CEO of Lole Mining Limited. Tempest Minerals is now moving into a production space with what looks like a project that I am vaguely familiar. In my travels in this industry, I came across this project almost 10 years ago. It was in private hands at that time, and it definitely had the credentials to perk my interest. The transaction is still far from being complete as there are still several steps to be completed. Assuming all goes well, the inclusion of Tolukuma will add significant value for shareholders as Tempest moves to become a producer. I don't think that the company is making any proclamations that this will be an easy path. In this episode of Rooster Talk, Don Smith and Iain Macpherson share with us the motivation of Tempest to take on the Tolukuma mine which was historically mined for gold and silver. Iain Macpherson, who is the CEO of Lole Mining Limited has experience in Africa and he accepts the challenging times ahead. Papua New Guinea is not a place of the faint hearted but it is also a place for that elusive pot of gold if you get all the ducks in line. The focus now for Tempest is to get the transaction completed and then work on the non-JORC resource in the mine. According to Iain Macpherson, the establishment of these resources could see the mine back pouring gold withing 12 months. Chapters 00:00 Start 00:20 Introduction 01:02 Don updates us on the acquisition story. 01:37 Iain updates on the PNG projects. 03:04 Comparing Tolukuma and other PNG projects. 04:45 Is Tolukuma the main Non-Highland style of mineralisation? 06:46 What are the risk of PNG? 08:10 All about the Non-JORC resource. 10:08 Tolukuma Structures and the Penck projects 10:29 Tolukuma Mine 11:17 Mt Penck Projects 12:35 How do investors look at Tempest Minerals now? 13:51 What are the next steps after the acquisition? 14:32 Iain explains what this means for Tempest. 15:27 When could cashflow happen? 16:33 What is happening at Yalgoo? 17:08 Newsflow 17:52 Last words? 18:41 Conclusions
    続きを読む 一部表示
    19 分
  • The Start of a Compelling PGE Story - Galileo Mining Limited (ASX: GAL) | Coffee With Samso Ep. 152

    The Start of a Compelling PGE Story - Galileo Mining Limited (ASX: GAL) | Coffee With Samso Ep. 152
    2022/08/18
    Coffee with Samso Episode 152 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is sharing with us about the Castillo PGE/Palladium discovery.. The discovery of a PGE system has been made in Norseman, Western Australia. Now it si all about establishing a resource and create a path to production. This episode is a discussion on the the potential, the understanding of what Castillo can be and the path to production. The project is blessed with the best access to highway, railway, gas pipeline and access to a deep port in Esperance. As Galileo Mining moves into a new phase of drilling, I ask Brad Underwood, how do investor understand the PGE story? I ask him what can investors look for to better understand a good result and how to see value creation s more drill results materialize. Galileo has been creating so much value for shareholders lately with the discovery so I asked Brad what he thinks of the mineral resource industry. What is his thoughts about the future market sentiment. This sentiment will also dictate when his potential production path follows. This is one of the best episodes with Brad Underwood so I urge readers to get a cup of coffee , tea or hot chocolate and settle in for 30 minutes of the Galileo story. Chapters: 00:00 Start 00:20 Introduction 01:28 Updates on the Callisto discovery 02:10 Understanding the Callisto Project 05:28 Interpreting the cross sections? 07:00 What is the next drill program testing? 08:48 Is this the biggest drill program in Galileo? 10:21 Lessons learnt from Exploration Results 12:12 PGE Story - Rhodium 14:15 PGE Story - Palladium 15:28 How Do Investors Understand the PGE Story? 17:25 The Fraser Range Project 18:10 Investors - Patience in PGE projects 20:25 Plans on other projects 21:46 Callisto - Production and cashflow timeline 23:36 Will the Mineral Resources Boom Continue? 26:30 News flow summary 28:16 Conclusions
    続きを読む 一部表示
    29 分
  • The Olympic Dam Story:An Insight into the Mineral Exploration Genius of WMC Limited.

    The Olympic Dam Story:An Insight into the Mineral Exploration Genius of WMC Limited.
    2022/09/08
    Samso Insight Episode 98: The Discovery of Olympic Dam concluded one of the longest search for a commodity. In 1957, Western Mining Corporation Limited (ASX: WMC) initiated a search for Copper which started a sequence of events that lead to the discovery of the largest known mineral deposit in 1976. It would take the company another two years before they understood the magnitude of their discovery. Olympic Dam was the third discovery by WMC in 10 years. The significance of the discovery is that it would be another twenty years before the next big deposit , Prominent Hill was to be discovered. WMC was created in 1933 and was taken over by BHP in 2002. In 2009, Olympic Dam had a resource of 9.1BT of resource and it was 4.4 times bigger than the initial resource that WMC had announced. It was worth USD863B. In 2017, it was reported that there was 120MT of Cu eq (equivalent) and it will take 500 years to deplete the resource at that time. The Story of the Olympic Dam was documented by the book "The Olympic Dam Story" by David Upton. I was able to find David and had organised to meet David and get his view of the discovery and his book on this episode of Samso Insights. I hope this episode had brought out the essence of the hard work and perseverance of the WMC group to search and discover a once in a life time deposit such as Olympic Dam. I am a big believer of mineral exploration. My thoughts are that the low hanging fruits of mineral discovery was a couple of decades ago. The giants to be found are all undercover or in areas that have been misunderstood or neglected such as Tropicana, Nova-Bollinger, Winu, Havieron, Julimar, and Fosterville, just to name a few. Chapters: 00:00 Start 00:20 Introduction 01:36 How it started 09:21 The journey to look for copper 12:55 Communicating with shareholders 15:57 The work culture in Western Mining 19:35 The search for Mineral Systems 24:05 Discussion of new technologies and ideas 27:42 The need of interpretation of data 30:14 The complexity of the Olympic Dam 32:52 Political issues of Uranium 35:06 What drives the exploration? 37:37 The drilling 39:07 What is David Upton up to these days? 41:04 The vast amount information available 42:46 Why read the The Olympic Story 45:51 Summary of the Olympic Dam Story 49:35 Conclusion
    続きを読む 一部表示
    51 分
  • The Business of Water in the ASX - A Critical Resource - Clean Teq Water Limited (ASX: CNQ)

    The Business of Water in the ASX - A Critical Resource - Clean Teq Water Limited (ASX: CNQ)
    2022/09/13
    Coffee with Samso Episode 153 with Willem Vriesendorp, Chief Executive Officer of Clean Teq Water Limited (ASX: CNQ) is all about our most precious resource, Aqua - Water. There is a common understanding that water is a resource that we cannot live without. However, if you ask your average investor in the Australian Stock Exchange (ASX), what is the most critical resource, you will be surprised that many, if not all, will not mention water. Investors talk about critical metals and resources but they forget that without water, nothing will work. No mining can happen if you do not have the correct form of water. You cannot even drill the holes without a good source of water. Willem brings across the business of cleaning water. The business of desalination, nutrient removal, zero liquid discharge and hardness removal may seem unimportant, but these are big revenue generators when you do it for governments and companies. The revenue that can be generated is a lot more than one would expect. I would go as far as saying that the revenue margin is a lot better than most mining projects. Clean Teq currently works with a focus on municipal wastewater, surface water, industrial wastewater and mining process water. What is most important is that Clean Teq is a technology company that is doing business in the water industry. The company creates the tech and they are the innovation. This is the point of difference. Water treatment for industries has to be the most important aspect of the new world. Investors are preparing for the electrification of the next generation, but they must also learn that without water, there is no next generation. Chapters: 00:00 Start 00:20 Introduction 01:20 The Clean TeQ Water Story 02:59 Is water a critical resource? 05:52 The core business of Clean TeQ Water. 11:35 How does the business work? 15:02 Reaction from potential investors. 19:44 Does this new technology work? 22:10 History and success of metal recovery. 25:12 How should investors look at Clean TeQ Water Limited? 29:44 Are there any competitors? 31:59 What are the downsides? 34:15 News flow. 37:36 The image of CNQ. 41:06 Conclusion.
    続きを読む 一部表示
    43 分