Aug 12, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Brent Cook back to the
show. Brent is an economic
geologist, as well as the founder and senior adviser of
newsletter
company Exploration Insights.
With more than 30 years of experience in property
economics
and geology evaluations –
spanning 60-plus countries – Brent has seen it all. He is one of
the
most credible, successful, and
knowledgeable mining-stock investors in the world. If
you
invest in mining stocks, this
episode is an absolute must-listen experience.
Brent kicks off the show by
discussing what's happening at Yellowstone and what he
learned
from attending Rick Rule's
mining conference. Brent warns investors to beware of
mining
and exploration companies that
are picking up old, "dead" projects and redrilling
holes,
purely to bump up their share
price and raise capital. After, Brent details a bit about
his
career history and how he ended
up in geology. (0:43)
Next, Brent discusses what
investors should look for when trying to find a mining
company
worth buying. This includes the
narrative of the broader economy, the risk profile,
and
knowing what kinds of results
you want to see from the company in terms of drill results.
As
he explains, folks should seek
high-margin companies with good management teams
and
with deposits in friendly
jurisdictions. He lists off several regions and countries that
he
believes look promising today,
plus some complications he has faced in the past.
(19:21)
Finally, Brent names a
copper-mining company that he's interested in today. It has
water
rights, no environmental
liabilities, and a project that looks auspicious. He also shares
a
gold-mining company he likes
that's developing a very high-grade deposit in Australia.
Brent
then explains the difference
between mining and extracting gold and copper, and he
makes
a bullish case for the red
metal. (34:02)