At the International Mining Investment Conference, held from May 15 to 16 in Vancouver, the INN team spoke with over a dozen mining experts. Here’s a round-up of our coverage.
The International Mining Investment Conference (IMIC) took place from May 15 to 16 in Vancouver, and for the Investing News Network (INN) it was a busy event.
The team was on the floor watching presentations and panels, speaking with experts and taking in the show. While gold of course received attention, hot metals like lithium and cobalt also took center stage.
Financial analyst Jayant Bhandari of Anarcho Capital says investing in mining Africa is — as many already know — a risky game. He also talks about safer jurisdictions and shares his investing strategy.
Andrew Pollard, president of Mining Recruitment Group, says the coming wave of retirements at the top end of the resource sector is making room for new approaches to mining. Working in recruitment he’s seen an increase in business this year “despite what’s going on with the price of gold.”
SuperChargedStocks founder Andrew O’Donnell believes it’s the right time to get into the resource space, and in his opinion those interested in doing so should take an active approach. Here he explains why.
There’s a lot of misinformation surrounding battery metals, and in this video Rob Fuhrman, senior investment analyst at Katusa Research, shares tips for those new to the space.
Overall his firm is “extremely bullish” on the space. “We expect 60 million plus [electric] vehicles sold annually by 2040,” Fuhrman told INN.
The uranium market has been down in the dumps for years, but Nick Hodge of the Outsider Club is still “as bullish as ever” on the beleaguered commodity. Why? “For me … it’s ‘when,’ it’s not ‘if,’ and so I’m patiently waiting,” he says in this interview.
During IMIC the gold price dropped below $1,300 per ounce for the first time in 2018. In this interview, Mercenary Geologist Mickey Fulp says while that “does not bode well for gold this summer,” he’s not necessarily concerned — in his opinion, a lower gold price is a potential buying opportunity for stocks.
Troubles in the Middle East aren’t having an effect on gold, according to self-taught investor David Erfle. But the US dollar, which continues to strengthen, is a major force. He shares where the yellow metal could go next in this video.
Resources were in focus at IMIC, but according to Cory Fleck of the Korelin Economics Report there’s more to investing than just mining. “Have some positions that you feel comfortable with, but realize there’s other stuff going on out in the world,” he suggested to INN. “Don’t always be in that bubble.”
Stephen de Jong of Integra Resources (TSXV:ITR) and VRify says there’s plenty of capital available right now — miners just need to figure out how to attract it. He believes one piece of the puzzle is figuring out how to appeal to non-traditional investors.
Like de Jong, Brent Cook, co-editor of Exploration Insights, believes there’s money available for deserving miners. In his opinion, it’s a good time to be in the resource space — though he cautioned investors, “you … have to be extremely selective in what stocks you buy.”
David Morgan of the Morgan Report expects the summer months to be slow for precious metals. But after that we should “see a shift coming back in the resources generally.”
He told INN, “the third quarter is usually good for the metals, and I think we are going to see that again this year from September, October, on to the end of the year.”
Ed Steer of Gold and Silver Digest shares an update on silver market manipulation in this IMIC interview. Steer, who’s also on the board of GATA, says investors won’t see the silver price move higher until JPMorgan (NYSE:JPM) allows it to do so. While that may sound bleak, there is still hope — he believes that a major market event will push JPMorgan’s hand, and soon.
Speaking ahead of his seminar on the “re-electrification of everything,” Copperbank Resources (CSE:CBK) Executive Chairman Gianni Kovacevic said we need to be asking how we’ll source enough copper for a booming tech sector in the next few years, if not decades.
“Where is [the copper] all going to come from?” he said.
Steve Yuzpe of Sprott Resource Holdings (TSX:SRHI) says strong supply and demand fundamentals will support copper prices moving forward. “We do expect copper prices to remain strong … and really it goes back to that underpinning of long-term supply and demand fundamentals,” he says in this video.
Benj Gallander of Contra the Heard Investment Letter says there’s danger investing in new sectors like cannabis and cryptocurrencies, where scammers are taking advantage of speculators. Here he explains his contrarian investment strategy and what areas he sees potential right now.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.