121 Mining Conference London Day 2

A much quieter day today, visibly less people than Day 1

Given the healthy state of precious metal and base metal prices, many participants were mystified at the lack of a buzz in what should have been a vibrant conference.

 

 

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121 Mining Conference London Day 2

A much quieter day today, visibly less people than Day 1

Given the healthy state of precious metal and base metal prices, many participants were mystified at the lack of a buzz in what should have been a vibrant conference.

I am at a loss to explain it, some blamed the new organisers of the conference, but I can’t see how it’s their fault, they have retained the same format, and it works in my opinion.

A couple of own goals were scored by the organisers though. Firstly in order to be seen to be environmentally friendly they gave out the most awful cardboard badge on a lanyard, which immediately curled up and defeated the purpose of wearing it as it could no longer be read.

The second issue was the conference location signs were in booth number order, rathen than in alphabetical order of exhibiting mining companies. This made it necessary to search through the entire list trying to find the next company on the schedule, and I heard no end of complaints from fellow investors about this.

Apart from that, some people moaned about the venue location, but Aldgate East tube is a 5 minute walk away, which is very reasonable, so no venue concerns from me.

 

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I had 6 meetings arranged today, but only managed 5 as STLLR Gold entered the Hall of Shame.

The conference format is each meeting lasts 30 minutes, and then stops as investors rotate to other companies. Sometimes meetings overrun, and that’s Ok to a point. I have a 7 minute rule, if I’m waiting 7 minutes past the planned start and another meeting is stil in progress, I walk away, done.

In my opinion it’s disrespectul to ignore the next meeting and keep me waiting, thus reducing my time with the company. So, once 7 minutes has passed I walk away. STLLR Gold was a new company for me, and I was interested to hear the story, but it won’t happen now.

 

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Of the other companies I had arranged to meet, and who respected peoples’ time, I had five really interesting meetings.

Revival Gold is an Idaho based gold exploration company, funded through to a production decision in Q1 2028. A PFS is due in Q1 2027. Two projects, Mercur, and the  Beartrack-Arnett Gold Project.

Revival has an impressive list of institutional investors including Dundee, Konwave, US Global, and Libra, which, in my opinion, validates the projects to a degree.

Greenheart Gold was spun out of Reunion gold when it was acquired by G Mining Ventures, and has one project in Guyana, and three projects in Suriname, all early stage. Worth keeping an eye on, too early stage for my current focus though.

Aftermath Silver is a catchup for me as I have met the company before. THe next catalyst is a PFS due late 2026 or early 2027. This is a silver story with copper and manganese, and another one to follow with interest.

GoGold Resources is a story I have followed for a few years, and there looks to be the potential for an immediate catalyst in that there is a feeling the long awaited permit for the Los Ricos South project is imminent.

The company are currently earning around C$100m PA producing from a silver tailings project at Parral. The company can fund the Los Ricos South contruction cost from existing funds and future production revenue.

The C$1 billion market cap looks conservative when one considers the C$270 million in the bank and C$100 million revenue per annum, in my opinion.

ASX Listed AIC Mines, where I’m a shareholder, rounded off my day. AIC own the operating Eloise copper gold mine, and are developing the Jericho deposit to increase production in the near term.

I am intending to increase my position in AIC in the near future.

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.The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

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Disclosure

At the time of writing the author holds shares in some of the companies mentioned.