Brent Cook: I Anticipate a Slow and Steady Rise In Gold Prices
Brent discusses the Beaver Creek Mining Conference which occurred recently in Colorado, and why its one of the best venue’s for up and coming resource plays in the industry. He is finding that large mining companies are increasingly eager and even desperate to get involved in early-stage development projects. Companies are mining more gold than they are discovering and they want to stay in the game.
Brent is well traveled and has explored ore belts around the world. If the major mining companies are willing to put their money in a region, his team will likely be okay with the jurisdiction. Their primary goal is to identify a solid team and project early on and help quickly take it to the point of acquisition. It needs to be district scale and economic, and lastly, the management needs to have an excellent knowledge base.
On the whole, the junior mining and exploration sector has been dismal this year. However, good projects are still able to raise money, and this is coming from the majors. It’s easier for these big companies to invest in smaller companies than to try and develop resources themselves.
He provides several examples of exploration projects that they look for; one in Chile, Mexico, and Siberia.
He feels that gold is in a bottoming process and that it will slowly rise over the next two years.
It’s essential to follow companies your invested with and keep an eye out for potential fatal flaws. If you can anticipate these before the market, you have a good advantage.
Talking Points From This Week’s Episode
• Large mining companies are funding good development projects.
• Gold is in a bottoming process and should start to rise.
• Watch out for any potential fatal flaws in exploration plays.
Brent Cook is an independent exploration analyst with over 30 years of experience in both property economics and geology evaluations. Brent received a BSc in Geology from Utah State University in 1978.
As a seasoned geologist, Brent’s knowledge spans all areas of the mining business from the conceptual stage through to detailed technical and financial modeling related to mine development and production.
He has worked in over 60 countries and virtually all geological environments, analyzing and providing commentary on proposed mine sites. During Brent’s independent consulting service, he has provided advice and analysis to the numerous companies including Global Resource Investments, Ltd,
Rick Rule, General Partner Expo 1999, 2000 Funds, AMEC (MRDI), Mount Isa Mines, Kennecott Mining, Rio Tinto Mining, Barrick Gold (Homestake), Meridian Gold Corp/Yamana, Freeport McMoran (Cyprus-Amax), Newmont Mining (Santa Fe).
Brent started Exploration Insights in 2008. In addition to his role as Co-editor since December 2015, he continues to advise funds and companies.