Mines and Money New York Round-Up
Did you miss this year’s Mines and Money conference in New York? The INN team spoke with over a dozen experts at the show — listen now!
Over 300 people attended this year’s Mines and Money conference in New York, which took place from May to 8 to 9 and featured a slew of expert speakers.
The Investing News Network (INN) was on site covering the show, watching panels and discussions and speaking with thought leaders. In total, we spoke with over a dozen presenters who shared insight on hot topics like lithium and cobalt, plus stalwarts like gold and copper.
Scroll on to listen to the full set of interviews we completed at the conference. You can also click here to see our visual round-up of the show.
Mercenary Geologist Mickey Fulp tackled the uranium market at Mines and Money, and prior to his talk he spoke about the beleaguered space with INN. “I think we’re going to see some more supply disruption if not destruction going forward,” Fulp said, adding that he also sees demand increasing.
Leigh Goehring of Goehring & Rozencwajg shares his incredibly bullish copper price prediction in this interview. In his opinion, the base metal could rise as high as $7 to $10 per pound during this cycle based on price action seen in previous bull markets.
Chris Berry of House Mountain Partners talks cobalt and lithium here, and also sheds light on where he believes the next battery metals opportunity could be. “I think the next story, or maybe perhaps the next wave of investment in the battery metals space, will come from recycling,” he says.
Despite lithium’s popularity, many investors remain uncertain about whether now is the right time to get into the market. Howard Klein, founder of RK Equity and author of the Lithion-ion Bull newsletter, says in this interview, “it’s early, it’s definitely not too late.” He also explains that although there’s been a shakeout this year, that could represent an opportunity for savvy investors.
JGL Partners founder Jonathan Lee also spoke about lithium and Mines and Money, and he took the time to explain to INN why he doesn’t see oversupply as a concern. Notably, he said it’s difficult for lithium companies to attract financing, and even mines that do come online often experience production setbacks initially.
Is platinum a good investment? David Jollie, Anglo American’s (LSE:AAL) manager, market analysis, for platinum-group metals, believes it could be. At the sidelines of Mines and Money he shared his thoughts on current supply and demand dynamics for platinum, touching on the rise of electric vehicles and fuel cells as a potential demand source.
Junior Stock Review founder Brian Leni believes Ecuador has potential as a mining jurisdiction despite potential risks. “For those that remember the … Fruta del Norte debacle, I believe that marked a bottom in Ecuador, and I think what we we’re seeing right now is a march upwards,” he says in this interview. Click here to read more of Leni’s thoughts on Ecuador.
“People expect too much from gold,” Adrian Day of Adrian Day Asset Management told INN. What does that mean? According to Day, “gold, after all, should be a store of value. It should simply preserve your purchasing power. If you read a textbook or think of a theory, that’s why you invest in gold: to preserve your purchasing power, not to get a double or triple on the price of a commodity.”
Like Day, Doug Groh, portfolio manager at Tocqueville Asset Management, suggested to INN that investors aren’t as appreciative of gold as they should be right now. “Gold is doing what it’s supposed to do, it’s providing a hedge to monetary policy,” he said. In his opinion, the market is actually “rather constructive” at the moment.
The gold market has been largely driven by investors since 2016, says Tom Brady, chief economist at Newmont Mining (TSX:NEM,NYSE:NEM), in this interview. That means for the gold price to go higher investor interest needs to rise. Thus far the yellow metal has performed as he has expected in 2018, and he sees it trading between $1,275 and $1,350 per ounce for the rest of the year.
“It’s been tough, it’s been rough,” said Chris Mancini of Gabelli Asset Management (NYSE:GBL) at Mines and Money. But now is the time to invest in gold. “If you’re a very patient investor and you have … the stomach to weather some potentially pretty severe volatility, I think you will be rewarded,” he said.
It’s been a busy year for American CuMo Mining (TSXV:MLY), and at Mines and Money President and CEO Shaun Dykes participated in a pitch battle with Thunderstruck Resources (TSXV:AWE) and Sphinx Resources (TSXV:SFX). He spoke with INN afterwards about points highlighted during the competition and shared future milestones for the company.
Bryce Bradley, CEO of Thunderstruck Resources, also participated in the Mines and Money pitch battle. She later spoke with INN about new developments at the company’s Fiji-based assets and why she likes the country as a mining jurisdiction.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: American CuMo Mining and Thunderstruck Resources are clients of the Investing News Network. This article is not paid-for content.
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.