#Honestly what really interests me about this is the geopolitics - that the US is reporting on this implies US-India relations are bad.

[mhalachai]

some of you may have seen a notice today from a tumblr-popular youtube show, saying they're putting all their content behind a subscriber paywall. This post isn't about them per say, only bouncing off what that has brought up into the following:

When is a digital subscription something i'm willing to pay for? Rubric edition

Disclaimer - my first news job was in the early aughts at a digital stock news company, so I've been keeping an eye on this subject for over 25 years.

So you want to access an entertainment or news service that has content behind a subscriber paywall. What steps should you go through, to figure out if it's something that you should pay for?

This post will go off the caveat that artists/authors/reporters (I'm not calling them content creators, that term is garbage) should be properly compensated for the works they produce, and the current business model in our late-stage capitalist society means we all have to deal with the worst possible way of engaging with art - the subscription-model paywall. It's a terrible garbage system but there we are.

Step Zero: Do you care enough about the content to consider paying for it?

It might not be important enough to you to want to pay for, and that's okay. On the other hand, you may want to continue watching/reading/listening, either because of the content itself or because you want to support its creation.

(I'm separating the above as they are two different reasons - personally, i'm in favour of paying an annual subscriber fee to my small local news room to keep them in producing the content because I think it's important they exist.)

Step 1: Can you literally afford it?

Everything costs more and salaries aren't rising. If the answer to the question is no, can you split the cost with someone? Is it something that can be accessed through your local library (in terms of audiobooks or magazine/newspapers)? Otherwise, moving to:

Step 2: Is the cost of the subscription in line with what you're willing to pay for the content?

I still subscribe to the newspaper i used to work for - I can read all the news and get all the quotes I'm interested in, and I know i'm supporting local news. I'm willing to pay money for that.

On the other hand, back last year when Disney Plus announced it was raising its prices, I decided that I wasn't interested in paying that amount for what I was getting, so I cancelled that one. Do I miss it? Yes, somedays. Would I go back to them if the cost went down? Honestly I don't know.

Step 3: Did the company/channel do something to lose your trust?

Sometimes, all the above have been met with the affirmative, but something about how the company is doing things sets your teeth on edge. Maybe it's how their business model is evolving, or how they treat their customers (Netflix and their password sharing crackdown was that tipping point for me - i no longer wanted to support a company that sees its customer base like that). Maybe it's how they decided to move to subscriber-only. Maybe it's their take on geopolitical or social issues. Whatever it might be, you get to make that call for you.

Summation: Don't feel pressed by FOMO to pay for something when you're not comfortable doing so.

Whatever the situation is, you get to decide where you spend your money. The corollary of that is that you may not get to see the new stuff created by companies/channels that you like, but honestly? That trade-off might be better for you in the long run (and I'm saying this with too many years of regret behind me) nothing poisons the enjoyment of art more than feeling like you were forced to pay/pay more for it than you were OK with.

The tl;dr: Take a step back and see if you're really comfortable with paying for all your electronic subscription fees for news or entertainment. Don't feel pressured into paying for something you don't really want to see, or what to support. Consider where you want your money to go.

It's hard economic times - do what you need to, and spend your money where you want to.

(And check into what your local library has on offer - they may have streaming services or digital content you weren't aware of - might be enough to tide you over for a while).

#mhalachai has opinions on the internet #seriously tho #feeling like you're being forced or tricked into paying more for something that you reasonably can #poisons the well like nothing else #this post deliberately doesn't mention off-book ways of getting content #you can all figure that one out on your own

[apas-95]

x

#Honestly what really interests me about this is the geopolitics - that the US is reporting on this implies US-India relations are bad. #It's a great opportunity for the US to say 'look - we're not the biggest failure of the pandemic; we don't have the most deaths' #and with India not towing its line against Russia (a significant trade partner) it seems like the US might start cannibalising its 'allies'. #india #covid

[phaseinked]

Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020

In this interview with Maurice Jackson of Proven and Probable, Exploration Insights’ Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets.

Maurice Jackson: Joining us for conversation is Brent Cook. He’s the founder of the highly regarded Exploration Insights. Mr. Cook, you’re one of the most trusted, highly regarded names in the natural resource space, so it’s a real pleasure to be speaking with you today sir.

Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector?

Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they’re just not finding enough economic metal deposits to replace what’s been mined. To put that into terms that might make sense, we are producing on a global scale, 90 million ounces a year, which is about what’s come out of the Carlin Trend in Nevada since 1980. We’re not finding 90 million ounces a year. Ditto for copper. We’re burning through one Bingham Canyon deposit just outside of Salt Lake a year. We’re not putting in production one of those a year. So that’s the real issue they face. It’s real positive for those of us in the exploration sector.

Maurice Jackson: Speaking of positives, are there any catalysts that you see that will enhance the value propositions of companies in 2020?

Brent Cook: Well, certainly metal prices. We expect gold to do well, platinum, palladium, nickel—but the lack of production we really see as the catalyst for the metal prices.

Maurice Jackson: And where do you see the best value propositions in 2020? Is it the precious metals or is it the base metals?

Brent Cook: We’re going with precious metals for a lot of reasons, from a shortage of deposits, to global geopolitical risks that keep increasing with every threat, to global debt. There’s just so much going on that I think gold is going to act as a safe haven more and more.

Maurice Jackson: And regarding base metals, which base metals have your attention and why?

Brent Cook: Copper for the future is certainly something that’s going to be in deficit—the demand for copper with the increase with electric vehicles, electrification, green energy, etc. So copper, further down the road. Right now, probably the one base metal we’re most interested in is nickel. Fortunately or unfortunately, there’re not many decent nickel plays out there, so nickel is a good one. Palladium, I think, is also going to do well again this year. So those are the base metals we’re sticking with. Zinc, lithium, lead; sort of so-so on those.

Maurice Jackson: I’d be remiss if I didn’t ask you about uranium.

Brent Cook: Not keen on the uranium price, per se. I started off the business in the uranium industry, working in the Colorado Plateau, and I’ve done work in Australia and Africa as well. There is no shortage of uranium out there. It’s just waiting on an increase in the price. So I don’t see uranium as a good investment.

Although, having said that, we recently purchased Energy Fuels (NYSE: UUUU), just based on the potential for the U.S. to start stockpiling uranium bought from U.S. uranium producers, which requires about a $50–60 a pound price for them to even break even or make money. So there’s that play, but that’s not really a play on uranium. It’s more a play on a political event.

Maurice Jackson: Speaking of that political event—Section 232? Do you think it will pass?

Brent Cook: I honestly, give it a 50/50 chance. I think it’s a dumb idea. There’s no shortage of uranium in the world, and it doesn’t make sense for the U.S. government to subsidize industries like that. Having said that, anything could happen.

Maurice Jackson: Moving on to physical precious metals: You alluded to gold earlier, and palladium. What are your thoughts on platinum, and silver, and rhodium?

Brent Cook: Platinum is not used as much as palladium, so I don’t think it’s got that much of an upside to it. Rhodium is such a small market, we don’t even consider it. I think the price is great, but there’s no rhodium deposits. It all comes with the platinum group metal mining anyway. I mean, there’s no way to play, in my mind, rhodium.

Maurice Jackson: And if you don’t mind me asking, because readers like to follow your work. . .what are you buying at the moment, as far as physical precious metals? Or are you buying anything at all?

Brent Cook: I’ve got some physical gold—coins, basically, I store in a safe deposit box in two countries, just in case. And I don’t own a lot of precious metals, personally.

Maurice Jackson: Moving onto Exploration Insights. Sir, you run one of the most successful newsletters in the space. For someone not familiar with your work, please introduce us to Exploration Insights.

Brent Cook: Love to. I bought Exploration Insights from Paul Van Eaton back in early 2009, as everything was collapsing, and I switched over. His was more of a macro picture sort of thing. And I did the geology forum, so I rebranded it Exploration Insights. The letter’s basically about what. . .I was buying and selling and seeing in the metals exploration market.

Recently, I brought on Joe Mazumdar, who is an extremely smart economic geologist who worked and studied in Australia, Argentina—basically all over the world, including Canada and the U.S. It’s now his letter, and so he writes almost all of the letter. He and I communicate back and forth. I’m sort of a senior advisor there. The letter is about what he is buying, selling and seeing in the exploration industry.

We make no money from companies. Everything we make is based on subscriptions and how we do in terms of our purchases. And it’s pretty technical. That’s a positive and a negative, because sometimes we get pretty far in the weeds explaining what exactly is happening in terms of the geology, the metallurgy, the geopolitics, all that sort of thing. We get pretty heavy into the weeds, but it’s our money, so we don’t want to make any mistakes, or as few as possible.

Maurice Jackson: Prior to this interview, you shared with me that if you’re going to be in the space, the importance of attending site visits, specifically on early-stage exploration and development projects. Please share why access to site visits are paramount for speculators in the natural resource space.

Brent Cook: You go to the shows or you sit down with a company’s investor relations person, and you go through the, “It all looks great. Here’s the geology. This looks just like this deposit over here, which is a $1 billion company. We’ve got this project that looks the same, it just hasn’t been drilled. We’re going to drill it and we’re going to find a billion-dollar deposit,” or something like that. But the reality is only maybe 1 in 10,000 prospects turns into an economic mine.

It’s important to realize that an economic deposit is a unique geological event, and to go there and see it with knowledgeable eyes. I’ve been doing this for almost 35, 40 years, and Joe has been doing it for 30, all over the world. To go and look at these projects with your eyes and experience that you’ve gotten from previous work you’ve done, you see things that you might not see in those flip books.

For instance, I remember one project in Mexico—great trench, I think it was like, 40 meters of six grams. Looked fantastic on paper. You get there and the things sits in the bottom of a canyon, and there’s no way it’ll ever be a mine.

I can think of a lot of examples like that, where you get there and go, “Wait a minute, this isn’t going to work.” We were in Colombia, another project; sounded really good. Got there, and there was this beautiful, little, white church sitting on top of the hill that they want to mine. Well, that isn’t going to happen.

On site visits you are able to see things like that. I���ll give you one more. I was in Peru—again, a high-sulphidation epithermal discovery. The theory was that a later, volcanic rock had covered up the deposit, and all what we were seeing was a small window into what was below. Sounded great. Went and looked at it—actually, what happened was that they had misinterpreted, and the small window was in fact a small crack, and the rest of the rock was the same rock that hadn’t been altered. It’s about just those things you see on the ground that you don’t necessarily get on the website or out of the flipbook.

Maurice Jackson: On average, how many site visits do you attend?

Brent Cook: I think last year Joe and I visited 33 projects. So quite a few. We’re trying to slow down, but you know how it goes.

Maurice Jackson: So if I, as a speculator, don’t have access to site visits, I can gain access through Exploration Insights?

Brent Cook: Most definitely. I mean, again, I think if mining and exploration is not your expertise, it really is critical, especially in the early-stage exploration stuff, to have someone that you trust and can give you insights into the companies. Now, this could be a broker that you trust, or a relative who’s in the industry, that sort of thing—or a newsletter. I personally think ours is one of the best in terms of technical detail and that—I mean, you’ve got two economic geologists writing it. So I really think it’s a big help to have expert advice if this isn’t your area of expertise.

But the rewards are huge. I mean, as you know, you can take a $0.20 stock to two bucks within a couple of weeks with a discovery, or vice versa. You can take a $2 stock to $0.20 if something goes wrong. And that’s the key. We spend a lot of time looking for that fatal flaw ahead of the market.

Maurice Jackson: And you have a proven pedigree of success. In closing, sir, what keeps you up at night that we don’t know about?

Brent Cook: Someone’s tweets (laughter).

Maurice Jackson: Someone, huh? No particular name there (laughter).

Brent Cook: It’s pretty crazy out there. And I guess in terms of the mineral industry and mining, that is it. I mean, one geopolitical event can just trash the market—the larger markets or the smaller markets—or make them go up. I mean, just this week we’ve seen gold jump $50–60 bucks? And who would’ve thought that was going to happen last week?

So it’s those sorts of things. . .It’s the unforeseeables, the black swans that hit you that you really can’t know. And I think the best way to avoid that—what we try and do—is if we’re into a project or a company that has a legitimate play, a legitimate deposit that we think will make money, at least we’ve got some founding, some basis for owning it, as opposed to just betting on the metal price or betting on what’s the greater fool theory. We prefer to sell to someone smarter than us than someone dumber than us. I guess that’s our game plan, which means we try and get into projects that a major mining company will buy.

Maurice Jackson: Last question, sir. What did I forget to ask?

Brent Cook: You’ve covered everything pretty well. . .our website is explorationinsights.com.

One more thing, Maurice. Joe just finished our year-in New Year review, and he’s putting together an article, I guess, if you will, that would be free to any of the readers. Just go to our website, https://ift.tt/1CJADsN, and contact us and we’ll send that along for free.

Maurice Jackson: Before you make your next bullion purchase, make sure you call me. I’m a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio, from physical delivery, offshore depositories, precious metal IRAs, and private blockchain-distributed ledger technology. Call me directly at [phone], or you may e-mail [email protected]. Last but not least, please subscribe to www.provenandprobable.com for mining insights and bullion sales.

Brent Cook of Exploration Insights, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure: 1) Statements and opinions expressed are the opinions of Maurice Jackson and not of Streetwise Reports or its officers. Maurice Jackson is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Maurice Jackson was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

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[andreagillmer]

Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020

In this interview with Maurice Jackson of Proven and Probable, Exploration Insights’ Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets.

Maurice Jackson: Joining us for conversation is Brent Cook. He’s the founder of the highly regarded Exploration Insights. Mr. Cook, you’re one of the most trusted, highly regarded names in the natural resource space, so it’s a real pleasure to be speaking with you today sir.

Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector?

Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they’re just not finding enough economic metal deposits to replace what’s been mined. To put that into terms that might make sense, we are producing on a global scale, 90 million ounces a year, which is about what’s come out of the Carlin Trend in Nevada since 1980. We’re not finding 90 million ounces a year. Ditto for copper. We’re burning through one Bingham Canyon deposit just outside of Salt Lake a year. We’re not putting in production one of those a year. So that’s the real issue they face. It’s real positive for those of us in the exploration sector.

Maurice Jackson: Speaking of positives, are there any catalysts that you see that will enhance the value propositions of companies in 2020?

Brent Cook: Well, certainly metal prices. We expect gold to do well, platinum, palladium, nickel—but the lack of production we really see as the catalyst for the metal prices.

Maurice Jackson: And where do you see the best value propositions in 2020? Is it the precious metals or is it the base metals?

Brent Cook: We’re going with precious metals for a lot of reasons, from a shortage of deposits, to global geopolitical risks that keep increasing with every threat, to global debt. There’s just so much going on that I think gold is going to act as a safe haven more and more.

Maurice Jackson: And regarding base metals, which base metals have your attention and why?

Brent Cook: Copper for the future is certainly something that’s going to be in deficit—the demand for copper with the increase with electric vehicles, electrification, green energy, etc. So copper, further down the road. Right now, probably the one base metal we’re most interested in is nickel. Fortunately or unfortunately, there’re not many decent nickel plays out there, so nickel is a good one. Palladium, I think, is also going to do well again this year. So those are the base metals we’re sticking with. Zinc, lithium, lead; sort of so-so on those.

Maurice Jackson: I’d be remiss if I didn’t ask you about uranium.

Brent Cook: Not keen on the uranium price, per se. I started off the business in the uranium industry, working in the Colorado Plateau, and I’ve done work in Australia and Africa as well. There is no shortage of uranium out there. It’s just waiting on an increase in the price. So I don’t see uranium as a good investment.

Although, having said that, we recently purchased Energy Fuels (NYSE: UUUU), just based on the potential for the U.S. to start stockpiling uranium bought from U.S. uranium producers, which requires about a $50–60 a pound price for them to even break even or make money. So there’s that play, but that’s not really a play on uranium. It’s more a play on a political event.

Maurice Jackson: Speaking of that political event—Section 232? Do you think it will pass?

Brent Cook: I honestly, give it a 50/50 chance. I think it’s a dumb idea. There’s no shortage of uranium in the world, and it doesn’t make sense for the U.S. government to subsidize industries like that. Having said that, anything could happen.

Maurice Jackson: Moving on to physical precious metals: You alluded to gold earlier, and palladium. What are your thoughts on platinum, and silver, and rhodium?

Brent Cook: Platinum is not used as much as palladium, so I don’t think it’s got that much of an upside to it. Rhodium is such a small market, we don’t even consider it. I think the price is great, but there’s no rhodium deposits. It all comes with the platinum group metal mining anyway. I mean, there’s no way to play, in my mind, rhodium.

Maurice Jackson: And if you don’t mind me asking, because readers like to follow your work. . .what are you buying at the moment, as far as physical precious metals? Or are you buying anything at all?

Brent Cook: I’ve got some physical gold—coins, basically, I store in a safe deposit box in two countries, just in case. And I don’t own a lot of precious metals, personally.

Maurice Jackson: Moving onto Exploration Insights. Sir, you run one of the most successful newsletters in the space. For someone not familiar with your work, please introduce us to Exploration Insights.

Brent Cook: Love to. I bought Exploration Insights from Paul Van Eaton back in early 2009, as everything was collapsing, and I switched over. His was more of a macro picture sort of thing. And I did the geology forum, so I rebranded it Exploration Insights. The letter’s basically about what. . .I was buying and selling and seeing in the metals exploration market.

Recently, I brought on Joe Mazumdar, who is an extremely smart economic geologist who worked and studied in Australia, Argentina—basically all over the world, including Canada and the U.S. It’s now his letter, and so he writes almost all of the letter. He and I communicate back and forth. I’m sort of a senior advisor there. The letter is about what he is buying, selling and seeing in the exploration industry.

We make no money from companies. Everything we make is based on subscriptions and how we do in terms of our purchases. And it’s pretty technical. That’s a positive and a negative, because sometimes we get pretty far in the weeds explaining what exactly is happening in terms of the geology, the metallurgy, the geopolitics, all that sort of thing. We get pretty heavy into the weeds, but it’s our money, so we don’t want to make any mistakes, or as few as possible.

Maurice Jackson: Prior to this interview, you shared with me that if you’re going to be in the space, the importance of attending site visits, specifically on early-stage exploration and development projects. Please share why access to site visits are paramount for speculators in the natural resource space.

Brent Cook: You go to the shows or you sit down with a company’s investor relations person, and you go through the, “It all looks great. Here’s the geology. This looks just like this deposit over here, which is a $1 billion company. We’ve got this project that looks the same, it just hasn’t been drilled. We’re going to drill it and we’re going to find a billion-dollar deposit,” or something like that. But the reality is only maybe 1 in 10,000 prospects turns into an economic mine.

It’s important to realize that an economic deposit is a unique geological event, and to go there and see it with knowledgeable eyes. I’ve been doing this for almost 35, 40 years, and Joe has been doing it for 30, all over the world. To go and look at these projects with your eyes and experience that you’ve gotten from previous work you’ve done, you see things that you might not see in those flip books.

For instance, I remember one project in Mexico—great trench, I think it was like, 40 meters of six grams. Looked fantastic on paper. You get there and the things sits in the bottom of a canyon, and there’s no way it’ll ever be a mine.

I can think of a lot of examples like that, where you get there and go, “Wait a minute, this isn’t going to work.” We were in Colombia, another project; sounded really good. Got there, and there was this beautiful, little, white church sitting on top of the hill that they want to mine. Well, that isn’t going to happen.

On site visits you are able to see things like that. I’ll give you one more. I was in Peru—again, a high-sulphidation epithermal discovery. The theory was that a later, volcanic rock had covered up the deposit, and all what we were seeing was a small window into what was below. Sounded great. Went and looked at it—actually, what happened was that they had misinterpreted, and the small window was in fact a small crack, and the rest of the rock was the same rock that hadn’t been altered. It’s about just those things you see on the ground that you don’t necessarily get on the website or out of the flipbook.

Maurice Jackson: On average, how many site visits do you attend?

Brent Cook: I think last year Joe and I visited 33 projects. So quite a few. We’re trying to slow down, but you know how it goes.

Maurice Jackson: So if I, as a speculator, don’t have access to site visits, I can gain access through Exploration Insights?

Brent Cook: Most definitely. I mean, again, I think if mining and exploration is not your expertise, it really is critical, especially in the early-stage exploration stuff, to have someone that you trust and can give you insights into the companies. Now, this could be a broker that you trust, or a relative who’s in the industry, that sort of thing—or a newsletter. I personally think ours is one of the best in terms of technical detail and that—I mean, you’ve got two economic geologists writing it. So I really think it’s a big help to have expert advice if this isn’t your area of expertise.

But the rewards are huge. I mean, as you know, you can take a $0.20 stock to two bucks within a couple of weeks with a discovery, or vice versa. You can take a $2 stock to $0.20 if something goes wrong. And that’s the key. We spend a lot of time looking for that fatal flaw ahead of the market.

Maurice Jackson: And you have a proven pedigree of success. In closing, sir, what keeps you up at night that we don’t know about?

Brent Cook: Someone’s tweets (laughter).

Maurice Jackson: Someone, huh? No particular name there (laughter).

Brent Cook: It’s pretty crazy out there. And I guess in terms of the mineral industry and mining, that is it. I mean, one geopolitical event can just trash the market—the larger markets or the smaller markets—or make them go up. I mean, just this week we’ve seen gold jump $50–60 bucks? And who would’ve thought that was going to happen last week?

So it’s those sorts of things. . .It’s the unforeseeables, the black swans that hit you that you really can’t know. And I think the best way to avoid that—what we try and do—is if we’re into a project or a company that has a legitimate play, a legitimate deposit that we think will make money, at least we’ve got some founding, some basis for owning it, as opposed to just betting on the metal price or betting on what’s the greater fool theory. We prefer to sell to someone smarter than us than someone dumber than us. I guess that’s our game plan, which means we try and get into projects that a major mining company will buy.

Maurice Jackson: Last question, sir. What did I forget to ask?

Brent Cook: You’ve covered everything pretty well. . .our website is explorationinsights.com.

One more thing, Maurice. Joe just finished our year-in New Year review, and he’s putting together an article, I guess, if you will, that would be free to any of the readers. Just go to our website, https://ift.tt/1CJADsN, and contact us and we’ll send that along for free.

Maurice Jackson: Before you make your next bullion purchase, make sure you call me. I’m a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio, from physical delivery, offshore depositories, precious metal IRAs, and private blockchain-distributed ledger technology. Call me directly at [phone], or you may e-mail [email protected]. Last but not least, please subscribe to www.provenandprobable.com for mining insights and bullion sales.

Brent Cook of Exploration Insights, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure: 1) Statements and opinions expressed are the opinions of Maurice Jackson and not of Streetwise Reports or its officers. Maurice Jackson is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Maurice Jackson was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

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Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020

In this interview with Maurice Jackson of Proven and Probable, Exploration Insights' Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets.

Maurice Jackson: Joining us for conversation is Brent Cook. He's the founder of the highly regarded Exploration Insights. Mr. Cook, you're one of the most trusted, highly regarded names in the natural resource space, so it's a real pleasure to be speaking with you today sir.

Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector?

Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they're just not finding enough economic metal deposits to replace what's been mined. To put that into terms that might make sense, we are producing on a global scale, 90 million ounces a year, which is about what's come out of the Carlin Trend in Nevada since 1980. We're not finding 90 million ounces a year. Ditto for copper. We're burning through one Bingham Canyon deposit just outside of Salt Lake a year. We're not putting in production one of those a year. So that's the real issue they face. It's real positive for those of us in the exploration sector.

Maurice Jackson: Speaking of positives, are there any catalysts that you see that will enhance the value propositions of companies in 2020?

Brent Cook: Well, certainly metal prices. We expect gold to do well, platinum, palladium, nickel—but the lack of production we really see as the catalyst for the metal prices.

Maurice Jackson: And where do you see the best value propositions in 2020? Is it the precious metals or is it the base metals?

Brent Cook: We're going with precious metals for a lot of reasons, from a shortage of deposits, to global geopolitical risks that keep increasing with every threat, to global debt. There's just so much going on that I think gold is going to act as a safe haven more and more.

Maurice Jackson: And regarding base metals, which base metals have your attention and why?

Brent Cook: Copper for the future is certainly something that's going to be in deficit—the demand for copper with the increase with electric vehicles, electrification, green energy, etc. So copper, further down the road. Right now, probably the one base metal we're most interested in is nickel. Fortunately or unfortunately, there're not many decent nickel plays out there, so nickel is a good one. Palladium, I think, is also going to do well again this year. So those are the base metals we're sticking with. Zinc, lithium, lead; sort of so-so on those.

Maurice Jackson: I'd be remiss if I didn't ask you about uranium.

Brent Cook: Not keen on the uranium price, per se. I started off the business in the uranium industry, working in the Colorado Plateau, and I've done work in Australia and Africa as well. There is no shortage of uranium out there. It's just waiting on an increase in the price. So I don't see uranium as a good investment.

Although, having said that, we recently purchased Energy Fuels (NYSE: UUUU), just based on the potential for the U.S. to start stockpiling uranium bought from U.S. uranium producers, which requires about a $50–60 a pound price for them to even break even or make money. So there's that play, but that's not really a play on uranium. It's more a play on a political event.

Maurice Jackson: Speaking of that political event—Section 232? Do you think it will pass?

Brent Cook: I honestly, give it a 50/50 chance. I think it's a dumb idea. There's no shortage of uranium in the world, and it doesn't make sense for the U.S. government to subsidize industries like that. Having said that, anything could happen.

Maurice Jackson: Moving on to physical precious metals: You alluded to gold earlier, and palladium. What are your thoughts on platinum, and silver, and rhodium?

Brent Cook: Platinum is not used as much as palladium, so I don't think it's got that much of an upside to it. Rhodium is such a small market, we don't even consider it. I think the price is great, but there's no rhodium deposits. It all comes with the platinum group metal mining anyway. I mean, there's no way to play, in my mind, rhodium.

Maurice Jackson: And if you don't mind me asking, because readers like to follow your work. . .what are you buying at the moment, as far as physical precious metals? Or are you buying anything at all?

Brent Cook: I've got some physical gold—coins, basically, I store in a safe deposit box in two countries, just in case. And I don't own a lot of precious metals, personally.

Maurice Jackson: Moving onto Exploration Insights. Sir, you run one of the most successful newsletters in the space. For someone not familiar with your work, please introduce us to Exploration Insights.

Brent Cook: Love to. I bought Exploration Insights from Paul Van Eaton back in early 2009, as everything was collapsing, and I switched over. His was more of a macro picture sort of thing. And I did the geology forum, so I rebranded it Exploration Insights. The letter's basically about what. . .I was buying and selling and seeing in the metals exploration market.

Recently, I brought on Joe Mazumdar, who is an extremely smart economic geologist who worked and studied in Australia, Argentina—basically all over the world, including Canada and the U.S. It's now his letter, and so he writes almost all of the letter. He and I communicate back and forth. I'm sort of a senior advisor there. The letter is about what he is buying, selling and seeing in the exploration industry.

We make no money from companies. Everything we make is based on subscriptions and how we do in terms of our purchases. And it's pretty technical. That's a positive and a negative, because sometimes we get pretty far in the weeds explaining what exactly is happening in terms of the geology, the metallurgy, the geopolitics, all that sort of thing. We get pretty heavy into the weeds, but it's our money, so we don't want to make any mistakes, or as few as possible.

Maurice Jackson: Prior to this interview, you shared with me that if you're going to be in the space, the importance of attending site visits, specifically on early-stage exploration and development projects. Please share why access to site visits are paramount for speculators in the natural resource space.

Brent Cook: You go to the shows or you sit down with a company's investor relations person, and you go through the, "It all looks great. Here's the geology. This looks just like this deposit over here, which is a $1 billion company. We've got this project that looks the same, it just hasn't been drilled. We're going to drill it and we're going to find a billion-dollar deposit," or something like that. But the reality is only maybe 1 in 10,000 prospects turns into an economic mine.

It's important to realize that an economic deposit is a unique geological event, and to go there and see it with knowledgeable eyes. I've been doing this for almost 35, 40 years, and Joe has been doing it for 30, all over the world. To go and look at these projects with your eyes and experience that you've gotten from previous work you've done, you see things that you might not see in those flip books.

For instance, I remember one project in Mexico—great trench, I think it was like, 40 meters of six grams. Looked fantastic on paper. You get there and the things sits in the bottom of a canyon, and there's no way it'll ever be a mine.

I can think of a lot of examples like that, where you get there and go, "Wait a minute, this isn't going to work." We were in Colombia, another project; sounded really good. Got there, and there was this beautiful, little, white church sitting on top of the hill that they want to mine. Well, that isn't going to happen.

On site visits you are able to see things like that. I'll give you one more. I was in Peru—again, a high-sulphidation epithermal discovery. The theory was that a later, volcanic rock had covered up the deposit, and all what we were seeing was a small window into what was below. Sounded great. Went and looked at it—actually, what happened was that they had misinterpreted, and the small window was in fact a small crack, and the rest of the rock was the same rock that hadn't been altered. It's about just those things you see on the ground that you don't necessarily get on the website or out of the flipbook.

Maurice Jackson: On average, how many site visits do you attend?

Brent Cook: I think last year Joe and I visited 33 projects. So quite a few. We're trying to slow down, but you know how it goes.

Maurice Jackson: So if I, as a speculator, don't have access to site visits, I can gain access through Exploration Insights?

Brent Cook: Most definitely. I mean, again, I think if mining and exploration is not your expertise, it really is critical, especially in the early-stage exploration stuff, to have someone that you trust and can give you insights into the companies. Now, this could be a broker that you trust, or a relative who's in the industry, that sort of thing—or a newsletter. I personally think ours is one of the best in terms of technical detail and that—I mean, you've got two economic geologists writing it. So I really think it's a big help to have expert advice if this isn't your area of expertise.

But the rewards are huge. I mean, as you know, you can take a $0.20 stock to two bucks within a couple of weeks with a discovery, or vice versa. You can take a $2 stock to $0.20 if something goes wrong. And that's the key. We spend a lot of time looking for that fatal flaw ahead of the market.

Maurice Jackson: And you have a proven pedigree of success. In closing, sir, what keeps you up at night that we don't know about?

Brent Cook: Someone's tweets (laughter).

Maurice Jackson: Someone, huh? No particular name there (laughter).

Brent Cook: It's pretty crazy out there. And I guess in terms of the mineral industry and mining, that is it. I mean, one geopolitical event can just trash the market—the larger markets or the smaller markets—or make them go up. I mean, just this week we've seen gold jump $50–60 bucks? And who would've thought that was going to happen last week?

So it's those sorts of things. . .It's the unforeseeables, the black swans that hit you that you really can't know. And I think the best way to avoid that—what we try and do—is if we're into a project or a company that has a legitimate play, a legitimate deposit that we think will make money, at least we've got some founding, some basis for owning it, as opposed to just betting on the metal price or betting on what's the greater fool theory. We prefer to sell to someone smarter than us than someone dumber than us. I guess that's our game plan, which means we try and get into projects that a major mining company will buy.

Maurice Jackson: Last question, sir. What did I forget to ask?

Brent Cook: You've covered everything pretty well. . .our website is explorationinsights.com.

One more thing, Maurice. Joe just finished our year-in New Year review, and he's putting together an article, I guess, if you will, that would be free to any of the readers. Just go to our website, https://ift.tt/1CJADsN, and contact us and we'll send that along for free.

Maurice Jackson: Before you make your next bullion purchase, make sure you call me. I'm a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio, from physical delivery, offshore depositories, precious metal IRAs, and private blockchain-distributed ledger technology. Call me directly at [phone], or you may e-mail [email protected]. Last but not least, please subscribe to www.provenandprobable.com for mining insights and bullion sales.

Brent Cook of Exploration Insights, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure: 1) Statements and opinions expressed are the opinions of Maurice Jackson and not of Streetwise Reports or its officers. Maurice Jackson is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Maurice Jackson was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

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[goldcoins0]

Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020

In this interview with Maurice Jackson of Proven and Probable, Exploration Insights' Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets.

Maurice Jackson: Joining us for conversation is Brent Cook. He's the founder of the highly regarded Exploration Insights. Mr. Cook, you're one of the most trusted, highly regarded names in the natural resource space, so it's a real pleasure to be speaking with you today sir.

Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector?

Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they're just not finding enough economic metal deposits to replace what's been mined. To put that into terms that might make sense, we are producing on a global scale, 90 million ounces a year, which is about what's come out of the Carlin Trend in Nevada since 1980. We're not finding 90 million ounces a year. Ditto for copper. We're burning through one Bingham Canyon deposit just outside of Salt Lake a year. We're not putting in production one of those a year. So that's the real issue they face. It's real positive for those of us in the exploration sector.

Maurice Jackson: Speaking of positives, are there any catalysts that you see that will enhance the value propositions of companies in 2020?

Brent Cook: Well, certainly metal prices. We expect gold to do well, platinum, palladium, nickel—but the lack of production we really see as the catalyst for the metal prices.

Maurice Jackson: And where do you see the best value propositions in 2020? Is it the precious metals or is it the base metals?

Brent Cook: We're going with precious metals for a lot of reasons, from a shortage of deposits, to global geopolitical risks that keep increasing with every threat, to global debt. There's just so much going on that I think gold is going to act as a safe haven more and more.

Maurice Jackson: And regarding base metals, which base metals have your attention and why?

Brent Cook: Copper for the future is certainly something that's going to be in deficit—the demand for copper with the increase with electric vehicles, electrification, green energy, etc. So copper, further down the road. Right now, probably the one base metal we're most interested in is nickel. Fortunately or unfortunately, there're not many decent nickel plays out there, so nickel is a good one. Palladium, I think, is also going to do well again this year. So those are the base metals we're sticking with. Zinc, lithium, lead; sort of so-so on those.

Maurice Jackson: I'd be remiss if I didn't ask you about uranium.

Brent Cook: Not keen on the uranium price, per se. I started off the business in the uranium industry, working in the Colorado Plateau, and I've done work in Australia and Africa as well. There is no shortage of uranium out there. It's just waiting on an increase in the price. So I don't see uranium as a good investment.

Although, having said that, we recently purchased Energy Fuels (NYSE: UUUU), just based on the potential for the U.S. to start stockpiling uranium bought from U.S. uranium producers, which requires about a $50–60 a pound price for them to even break even or make money. So there's that play, but that's not really a play on uranium. It's more a play on a political event.

Maurice Jackson: Speaking of that political event—Section 232? Do you think it will pass?

Brent Cook: I honestly, give it a 50/50 chance. I think it's a dumb idea. There's no shortage of uranium in the world, and it doesn't make sense for the U.S. government to subsidize industries like that. Having said that, anything could happen.

Maurice Jackson: Moving on to physical precious metals: You alluded to gold earlier, and palladium. What are your thoughts on platinum, and silver, and rhodium?

Brent Cook: Platinum is not used as much as palladium, so I don't think it's got that much of an upside to it. Rhodium is such a small market, we don't even consider it. I think the price is great, but there's no rhodium deposits. It all comes with the platinum group metal mining anyway. I mean, there's no way to play, in my mind, rhodium.

Maurice Jackson: And if you don't mind me asking, because readers like to follow your work. . .what are you buying at the moment, as far as physical precious metals? Or are you buying anything at all?

Brent Cook: I've got some physical gold—coins, basically, I store in a safe deposit box in two countries, just in case. And I don't own a lot of precious metals, personally.

Maurice Jackson: Moving onto Exploration Insights. Sir, you run one of the most successful newsletters in the space. For someone not familiar with your work, please introduce us to Exploration Insights.

Brent Cook: Love to. I bought Exploration Insights from Paul Van Eaton back in early 2009, as everything was collapsing, and I switched over. His was more of a macro picture sort of thing. And I did the geology forum, so I rebranded it Exploration Insights. The letter's basically about what. . .I was buying and selling and seeing in the metals exploration market.

Recently, I brought on Joe Mazumdar, who is an extremely smart economic geologist who worked and studied in Australia, Argentina—basically all over the world, including Canada and the U.S. It's now his letter, and so he writes almost all of the letter. He and I communicate back and forth. I'm sort of a senior advisor there. The letter is about what he is buying, selling and seeing in the exploration industry.

We make no money from companies. Everything we make is based on subscriptions and how we do in terms of our purchases. And it's pretty technical. That's a positive and a negative, because sometimes we get pretty far in the weeds explaining what exactly is happening in terms of the geology, the metallurgy, the geopolitics, all that sort of thing. We get pretty heavy into the weeds, but it's our money, so we don't want to make any mistakes, or as few as possible.

Maurice Jackson: Prior to this interview, you shared with me that if you're going to be in the space, the importance of attending site visits, specifically on early-stage exploration and development projects. Please share why access to site visits are paramount for speculators in the natural resource space.

Brent Cook: You go to the shows or you sit down with a company's investor relations person, and you go through the, "It all looks great. Here's the geology. This looks just like this deposit over here, which is a $1 billion company. We've got this project that looks the same, it just hasn't been drilled. We're going to drill it and we're going to find a billion-dollar deposit," or something like that. But the reality is only maybe 1 in 10,000 prospects turns into an economic mine.

It's important to realize that an economic deposit is a unique geological event, and to go there and see it with knowledgeable eyes. I've been doing this for almost 35, 40 years, and Joe has been doing it for 30, all over the world. To go and look at these projects with your eyes and experience that you've gotten from previous work you've done, you see things that you might not see in those flip books.

For instance, I remember one project in Mexico—great trench, I think it was like, 40 meters of six grams. Looked fantastic on paper. You get there and the things sits in the bottom of a canyon, and there's no way it'll ever be a mine.

I can think of a lot of examples like that, where you get there and go, "Wait a minute, this isn't going to work." We were in Colombia, another project; sounded really good. Got there, and there was this beautiful, little, white church sitting on top of the hill that they want to mine. Well, that isn't going to happen.

On site visits you are able to see things like that. I'll give you one more. I was in Peru—again, a high-sulphidation epithermal discovery. The theory was that a later, volcanic rock had covered up the deposit, and all what we were seeing was a small window into what was below. Sounded great. Went and looked at it—actually, what happened was that they had misinterpreted, and the small window was in fact a small crack, and the rest of the rock was the same rock that hadn't been altered. It's about just those things you see on the ground that you don't necessarily get on the website or out of the flipbook.

Maurice Jackson: On average, how many site visits do you attend?

Brent Cook: I think last year Joe and I visited 33 projects. So quite a few. We're trying to slow down, but you know how it goes.

Maurice Jackson: So if I, as a speculator, don't have access to site visits, I can gain access through Exploration Insights?

Brent Cook: Most definitely. I mean, again, I think if mining and exploration is not your expertise, it really is critical, especially in the early-stage exploration stuff, to have someone that you trust and can give you insights into the companies. Now, this could be a broker that you trust, or a relative who's in the industry, that sort of thing—or a newsletter. I personally think ours is one of the best in terms of technical detail and that—I mean, you've got two economic geologists writing it. So I really think it's a big help to have expert advice if this isn't your area of expertise.

But the rewards are huge. I mean, as you know, you can take a $0.20 stock to two bucks within a couple of weeks with a discovery, or vice versa. You can take a $2 stock to $0.20 if something goes wrong. And that's the key. We spend a lot of time looking for that fatal flaw ahead of the market.

Maurice Jackson: And you have a proven pedigree of success. In closing, sir, what keeps you up at night that we don't know about?

Brent Cook: Someone's tweets (laughter).

Maurice Jackson: Someone, huh? No particular name there (laughter).

Brent Cook: It's pretty crazy out there. And I guess in terms of the mineral industry and mining, that is it. I mean, one geopolitical event can just trash the market—the larger markets or the smaller markets—or make them go up. I mean, just this week we've seen gold jump $50–60 bucks? And who would've thought that was going to happen last week?

So it's those sorts of things. . .It's the unforeseeables, the black swans that hit you that you really can't know. And I think the best way to avoid that—what we try and do—is if we're into a project or a company that has a legitimate play, a legitimate deposit that we think will make money, at least we've got some founding, some basis for owning it, as opposed to just betting on the metal price or betting on what's the greater fool theory. We prefer to sell to someone smarter than us than someone dumber than us. I guess that's our game plan, which means we try and get into projects that a major mining company will buy.

Maurice Jackson: Last question, sir. What did I forget to ask?

Brent Cook: You've covered everything pretty well. . .our website is explorationinsights.com.

One more thing, Maurice. Joe just finished our year-in New Year review, and he's putting together an article, I guess, if you will, that would be free to any of the readers. Just go to our website, www.explorationinsights.com, and contact us and we'll send that along for free.

Maurice Jackson: Before you make your next bullion purchase, make sure you call me. I'm a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio, from physical delivery, offshore depositories, precious metal IRAs, and private blockchain-distributed ledger technology. Call me directly at [phone], or you may e-mail [email protected]. Last but not least, please subscribe to www.provenandprobable.com for mining insights and bullion sales.

Brent Cook of Exploration Insights, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure: 1) Statements and opinions expressed are the opinions of Maurice Jackson and not of Streetwise Reports or its officers. Maurice Jackson is wholly responsible for the validity of the statements. Streetwise Reports was not involved in the content preparation. Maurice Jackson was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk.

from https://www.streetwisereports.com/article/2020/01/08/brent-cook-investors-should-get-boots-on-the-ground.html

[democratsunited-blog]

Cortez and Waters: The New Faces of the Ignorant and Intolerant Democratic Party

https://uniteddemocrats.net/?p=7420

Cortez and Waters: The New Faces of the Ignorant and Intolerant Democratic Party

Bernie Sanders was just the start. Recent events have shown the American public how ignorance, intolerance, and hatred now dominate the former party of FDR & JFK. No one exemplifies this “new” Democratic party better than Maxine Waters and Alexandria Ocasio-Cortez. For a clear example of intolerance and hate look no further than Maxine Waters. Back in January of 2018, Maxine Waters appeared on MSNBC’s “All In With Chris Hayes” to comment on the allegation that President Trump called some Third World nations “s***hole countries.”

As is typical of the “new” Democratic party, Maxine Waters had no interest in a spirited debate or discussion of the facts. Instead, she went on a hate-filled tirade, with Trump-loathing guest-host Joy Reid watching and agreeing. Honestly, this is not the first or last time she has made a fool out of herself. More on that in a minute.

Here is just a small excerpt of Waters’ tirade: “I have called him what I know him to be for a long time. Remember when I called him a scumbag. I’ve called him a racist, deplorable, despicable, adding to what others are calling him—a moron, ignorant, on and on and on,” she said.

“The United States of America is being represented by the most despicable human being that could possibly ever walk the earth,” she continued.

I ask you this: Can you imagine a world in which any Republican could have made those comments against Barack Obama, and lived?

Wait, it gets better. In June of 2018, Waters followed up her performance with even more hate and intolerance. As reported by Real Clear Politics: “If you think we’re rallying now, you ain’t seen nothing yet,” Waters said. “Already, you have members of your Cabinet that are being booed out of restaurants…who have protesters taking up at their house, who say, ‘No peace, no sleep! No peace, no sleep!’”

Waters drones on: “Let’s make sure we show up wherever we have to show up and if you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd and you push back on them, and you tell them they’re not welcome anymore, anywhere.”

Folks, this should scare the hell out of you. Consider that her extreme, unethical, and potentially illegal comments (incitement to riot) come less than a year after a deranged Bernie Sanders supporter tried to murder several Republican lawmakers during a congressional baseball practice. The gunman shot Republican Rep. Steve Scalise several times during the attack, nearly killing him.

Democrats should be toning down the rhetoric and vitriol, not calling for incitements to riot. Who is the party of hate now?

Further, an August 2, 2018 story titled “Maxine Waters Slammed with FEC Complaint After Reportedly Funneling $750,000 to Daughter” broke, placing Congresswoman Waters under the Federal Election Commission lens. Writing for LifeZette, Fred Lucas reported, “Democratic Rep. Maxine Waters, one of the most outspoken members of the anti-Trump resistance in Congress, is facing fresh questions about a long-standing controversy regarding how her campaign raises money and how those funds have flowed to her daughter,” Karen Waters, “or her public relations firm Progressive Connections, for help producing them.” I look forward to the FEC connecting the dots and following the money, and seeing how it all shakes out.

Then there is avowed Socialist Alexandra Ocasio-Cortez, the true face of the ignorant. Ronald Reagan said it best: “It isn’t so much that liberals are ignorant. It’s just that they know so many things that aren’t so.” Just take a look at her excruciating-to-watch interview on PBS‘s “Firing Line,” for portrayed proof of that statement.

(Credit: Facebook/Larry Schweikart)

During the interview, Ocasio-Cortez was asked to explain and expand on a comment she had made referencing Israel as an “occupation” force in regards to the Israeli-Palestinian conflict. After taking a moment to gather her “thoughts,” she said the following: “I am not the expert at geopolitics on this issue,” she said with a laugh. “I am a firm believer in finding a two-state solution on this issue, and I’m happy to sit down with leaders on both of these, for me, I just look at things through a human-rights lens, and I may not use the right words. I know this is a very intense issue.”

Now I am sure I am not the only one that is confused. Why? An op-ed piece by the Washington Examiner titled, “Alexandria Ocasio-Cortez Talks About the ‘Occupation of Palestine’ but She Doesn’t Know What That Means” explains it well. The Examiner article began, “Even with her degree in international relations, the lack of knowledge beyond buzz-words should not be surprising.”

On August 3, 2018, FrontPageMag.com reporter Daniel Greenfield wrote, “Don’t make too much of teenagers and their political views. That’s usually solid advice. Because at that age they change a lot. And these days the twenties are often the new teens. So it’s not too surprising that the left’s new socialist role model had a bunch of different views. And probably still will. Because as her interviews make clear, she doesn’t really know anything. And just has the millennial skill to position her brand, but there’s nothing underneath.” Not mincing words at all.

Greenfield expounded on Ocasio-Cortez’s seeming philosophies ebbing and flowing like the tides of the moment, saying: “I suspect that Alexandria Ocasio-Cortez largely parrots whatever views are on her radar. In college, she drifted into a more sensible academic niche and echoed those views. Then she drifted into activism and parroted their views. As her “Firing Line” interview made very clear, she doesn’t know anything, can’t explain her views and is just an overgrown teen who got elected to the House.”

On a side note, this is a screaming wake-up call about the current status of our education system and what exactly our kids are “learning” in college. I wrote an article about this months ago, on how our institutions of higher learning have been hijacked by the left and are in fact “indoctrination” centers. It is the corruption of our youth through political ideology indoctrination, not education…and Ocasio-Cortez is the poster child.

The article continues, “Ocasio-Cortez also touched on comments she made in May when she called the Israeli military action confronting protesters trying to breach the Israel-Gaza Strip a ‘massacre’ and that ‘no state or entity is absolved of mass shootings of protesters.’”

She continued, “There is no justification. Palestinian people deserve basic human dignity, as anyone else,” adding, “The lens through which I saw this incident [at the Israel–Gaza border], as an activist, as an organizer, I just look at that incident…just as an incident, and to me, it would just be completely unacceptable if that happened on our shores.”

While her words might evoke an emotional reaction (the objective), one must ask the question: Exactly what kind of “lens” are you looking through? Not once during her interview did she mention the almost daily rocket attacks being fired on Israeli communities where women, children, and the elderly reside. Where is your outrage, Ms. Cortez? What about the waves of hostile Palestinians who constantly attempt to breach security fences along the border, or the incessant terrorist attacks by the Palestinians? Again, I ask: Where is your moral outrage now, Ms. Cortez?

It would seem to me that her lens has a filter on it; it is a filter I hope most Americans vote against. While she may be ignorant she is certainly not stupid. After all, she was able to beat a 10-term incumbent by 15 points, whose funds were, by some estimates, 15 times greater than hers. Here is how she did it.

She lied.

Did she or did she not claim that she was raised in the Bronx and came from “humble” roots? According to a scathing report by the Daily Mail, you grew up in a very wealthy suburb north of New York City where homes routinely sell for $900,000 or more.

And as reported by Inquisitr, “…even though Alexandria Ocasio-Cortez claimed to be a daughter of a ‘small businessman,’ and a mother who ‘cleaned houses,’ her father, Sergio Ocasio-Roman, was born in New York City and was a prominent architect, having founded the firm Kirschenbaum & Ocasio-Roman Architects, PC. According to its Manta listing, the company boasted an annual revenue of $500,000 per year.”

But it goes further than that. The district she “elected” to represent was not her own. Why did she choose New York’s 14th Congressional District? Because it was a “sure thing.”

You see, New York’s 14th district is an area with a “minority majority” and that majority is Hispanic; she played them like a fiddle with her lies.

New York’s 14th district is unique and not at all representative of most congressional districts around the country. According to the Census Bureau, it breaks down demographically as 22 percent white, 50 percent Hispanic, 9 percent black and 16 percent Asian. In addition, 45.8 percent in this district are foreign-born, and 67.8 percent report that they speak a language other than English at home.

So, she makes the rounds, speaking in their native language, appealing to the Hispanics who control, by some estimates, 50 percent of the vote. It’s not rocket science. She hustled everybody.

So there you have it folks, the “new” Democratic party. A party of intolerant haters and the woefully ignorant. I don’t know which one scares me more.

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[andreagillmer]

Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020

In this interview with Maurice Jackson of Proven and Probable, Exploration Insights' Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets.

Maurice Jackson: Joining us for conversation is Brent Cook. He's the founder of the highly regarded Exploration Insights. Mr. Cook, you're one of the most trusted, highly regarded names in the natural resource space, so it's a real pleasure to be speaking with you today sir.

Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector?

Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they're just not finding enough economic metal deposits to replace what's been mined. To put that into terms that might make sense, we are producing on a global scale, 90 million ounces a year, which is about what's come out of the Carlin Trend in Nevada since 1980. We're not finding 90 million ounces a year. Ditto for copper. We're burning through one Bingham Canyon deposit just outside of Salt Lake a year. We're not putting in production one of those a year. So that's the real issue they face. It's real positive for those of us in the exploration sector.

Maurice Jackson: Speaking of positives, are there any catalysts that you see that will enhance the value propositions of companies in 2020?

Brent Cook: Well, certainly metal prices. We expect gold to do well, platinum, palladium, nickel—but the lack of production we really see as the catalyst for the metal prices.

Maurice Jackson: And where do you see the best value propositions in 2020? Is it the precious metals or is it the base metals?

Brent Cook: We're going with precious metals for a lot of reasons, from a shortage of deposits, to global geopolitical risks that keep increasing with every threat, to global debt. There's just so much going on that I think gold is going to act as a safe haven more and more.

Maurice Jackson: And regarding base metals, which base metals have your attention and why?

Brent Cook: Copper for the future is certainly something that's going to be in deficit—the demand for copper with the increase with electric vehicles, electrification, green energy, etc. So copper, further down the road. Right now, probably the one base metal we're most interested in is nickel. Fortunately or unfortunately, there're not many decent nickel plays out there, so nickel is a good one. Palladium, I think, is also going to do well again this year. So those are the base metals we're sticking with. Zinc, lithium, lead; sort of so-so on those.

Maurice Jackson: I'd be remiss if I didn't ask you about uranium.

Brent Cook: Not keen on the uranium price, per se. I started off the business in the uranium industry, working in the Colorado Plateau, and I've done work in Australia and Africa as well. There is no shortage of uranium out there. It's just waiting on an increase in the price. So I don't see uranium as a good investment.

Although, having said that, we recently purchased Energy Fuels (NYSE: UUUU), just based on the potential for the U.S. to start stockpiling uranium bought from U.S. uranium producers, which requires about a $50–60 a pound price for them to even break even or make money. So there's that play, but that's not really a play on uranium. It's more a play on a political event.

Maurice Jackson: Speaking of that political event—Section 232? Do you think it will pass?

Brent Cook: I honestly, give it a 50/50 chance. I think it's a dumb idea. There's no shortage of uranium in the world, and it doesn't make sense for the U.S. government to subsidize industries like that. Having said that, anything could happen.

Maurice Jackson: Moving on to physical precious metals: You alluded to gold earlier, and palladium. What are your thoughts on platinum, and silver, and rhodium?

Brent Cook: Platinum is not used as much as palladium, so I don't think it's got that much of an upside to it. Rhodium is such a small market, we don't even consider it. I think the price is great, but there's no rhodium deposits. It all comes with the platinum group metal mining anyway. I mean, there's no way to play, in my mind, rhodium.

Maurice Jackson: And if you don't mind me asking, because readers like to follow your work. . .what are you buying at the moment, as far as physical precious metals? Or are you buying anything at all?

Brent Cook: I've got some physical gold—coins, basically, I store in a safe deposit box in two countries, just in case. And I don't own a lot of precious metals, personally.

Maurice Jackson: Moving onto Exploration Insights. Sir, you run one of the most successful newsletters in the space. For someone not familiar with your work, please introduce us to Exploration Insights.

Brent Cook: Love to. I bought Exploration Insights from Paul Van Eaton back in early 2009, as everything was collapsing, and I switched over. His was more of a macro picture sort of thing. And I did the geology forum, so I rebranded it Exploration Insights. The letter's basically about what. . .I was buying and selling and seeing in the metals exploration market.

Recently, I brought on Joe Mazumdar, who is an extremely smart economic geologist who worked and studied in Australia, Argentina—basically all over the world, including Canada and the U.S. It's now his letter, and so he writes almost all of the letter. He and I communicate back and forth. I'm sort of a senior advisor there. The letter is about what he is buying, selling and seeing in the exploration industry.

We make no money from companies. Everything we make is based on subscriptions and how we do in terms of our purchases. And it's pretty technical. That's a positive and a negative, because sometimes we get pretty far in the weeds explaining what exactly is happening in terms of the geology, the metallurgy, the geopolitics, all that sort of thing. We get pretty heavy into the weeds, but it's our money, so we don't want to make any mistakes, or as few as possible.

Maurice Jackson: Prior to this interview, you shared with me that if you're going to be in the space, the importance of attending site visits, specifically on early-stage exploration and development projects. Please share why access to site visits are paramount for speculators in the natural resource space.

Brent Cook: You go to the shows or you sit down with a company's investor relations person, and you go through the, "It all looks great. Here's the geology. This looks just like this deposit over here, which is a $1 billion company. We've got this project that looks the same, it just hasn't been drilled. We're going to drill it and we're going to find a billion-dollar deposit," or something like that. But the reality is only maybe 1 in 10,000 prospects turns into an economic mine.

It's important to realize that an economic deposit is a unique geological event, and to go there and see it with knowledgeable eyes. I've been doing this for almost 35, 40 years, and Joe has been doing it for 30, all over the world. To go and look at these projects with your eyes and experience that you've gotten from previous work you've done, you see things that you might not see in those flip books.

For instance, I remember one project in Mexico—great trench, I think it was like, 40 meters of six grams. Looked fantastic on paper. You get there and the things sits in the bottom of a canyon, and there's no way it'll ever be a mine.

I can think of a lot of examples like that, where you get there and go, "Wait a minute, this isn't going to work." We were in Colombia, another project; sounded really good. Got there, and there was this beautiful, little, white church sitting on top of the hill that they want to mine. Well, that isn't going to happen.

On site visits you are able to see things like that. I'll give you one more. I was in Peru—again, a high-sulphidation epithermal discovery. The theory was that a later, volcanic rock had covered up the deposit, and all what we were seeing was a small window into what was below. Sounded great. Went and looked at it—actually, what happened was that they had misinterpreted, and the small window was in fact a small crack, and the rest of the rock was the same rock that hadn't been altered. It's about just those things you see on the ground that you don't necessarily get on the website or out of the flipbook.

Maurice Jackson: On average, how many site visits do you attend?

Brent Cook: I think last year Joe and I visited 33 projects. So quite a few. We're trying to slow down, but you know how it goes.

Maurice Jackson: So if I, as a speculator, don't have access to site visits, I can gain access through Exploration Insights?

Brent Cook: Most definitely. I mean, again, I think if mining and exploration is not your expertise, it really is critical, especially in the early-stage exploration stuff, to have someone that you trust and can give you insights into the companies. Now, this could be a broker that you trust, or a relative who's in the industry, that sort of thing—or a newsletter. I personally think ours is one of the best in terms of technical detail and that—I mean, you've got two economic geologists writing it. So I really think it's a big help to have expert advice if this isn't your area of expertise.

But the rewards are huge. I mean, as you know, you can take a $0.20 stock to two bucks within a couple of weeks with a discovery, or vice versa. You can take a $2 stock to $0.20 if something goes wrong. And that's the key. We spend a lot of time looking for that fatal flaw ahead of the market.

Maurice Jackson: And you have a proven pedigree of success. In closing, sir, what keeps you up at night that we don't know about?

Brent Cook: Someone's tweets (laughter).

Maurice Jackson: Someone, huh? No particular name there (laughter).

Brent Cook: It's pretty crazy out there. And I guess in terms of the mineral industry and mining, that is it. I mean, one geopolitical event can just trash the market—the larger markets or the smaller markets—or make them go up. I mean, just this week we've seen gold jump $50–60 bucks? And who would've thought that was going to happen last week?

So it's those sorts of things. . .It's the unforeseeables, the black swans that hit you that you really can't know. And I think the best way to avoid that—what we try and do—is if we're into a project or a company that has a legitimate play, a legitimate deposit that we think will make money, at least we've got some founding, some basis for owning it, as opposed to just betting on the metal price or betting on what's the greater fool theory. We prefer to sell to someone smarter than us than someone dumber than us. I guess that's our game plan, which means we try and get into projects that a major mining company will buy.

Maurice Jackson: Last question, sir. What did I forget to ask?

Brent Cook: You've covered everything pretty well. . .our website is explorationinsights.com.

One more thing, Maurice. Joe just finished our year-in New Year review, and he's putting together an article, I guess, if you will, that would be free to any of the readers. Just go to our website, https://ift.tt/1CJADsN, and contact us and we'll send that along for free.

Maurice Jackson: Before you make your next bullion purchase, make sure you call me. I'm a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio, from physical delivery, offshore depositories, precious metal IRAs, and private blockchain-distributed ledger technology. Call me directly at [phone], or you may e-mail [email protected]. Last but not least, please subscribe to www.provenandprobable.com for mining insights and bullion sales.

Brent Cook of Exploration Insights, thank you for joining us today on Proven and Probable.

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

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