MiningStockEducation.com, Released on 11/19/20
0:00 Introduction
1:34 Tax-loss selling season
2:41 $1,800 gold price floor
3:27 Gold price to use for mining project economic studies
4:40 Bear Creek Mining Corp.
5:32 Endeavour Mining buying out Teranga Gold
7:36 Investing in African miners
9:52 Finding value in junior mining stocks now
12:18 Analyzing fundamental valuation for a junior exploreco
14:46 Discussing copper
16:28 Discussing uranium juniors
In this interview, professional mining investor David Erfle, the Junior Miner Junky, provides his current commentary on the junior gold sector and how he is managing his personal mining stock portfolio. He explains that the gold stocks are currently “screaming” that gold is headed towards $1,800/oz. David discusses Endeavour Mining’s recent takeover of Teranga Gold and shares thoughts on investing in African miners. He also offers insights on finding value in today’s junior mining sector and what to look for to discern fundamental value in a junior exploreco.
David Erfle is a self-taught mining sector investor. He stumbled upon the mining space in 2003 as he was looking to invest into a growing sector of the market. After researching the gains made from the 2001 bottom in the tiny gold and silver complex, he became fascinated with this niche market. So much so that in 2005 he decided to sell his home and invest the entire proceeds from the sale into junior mining companies. When his account had tripled by September, 2007, he decided to quit his job as the Telecommunications Equipment Buyer at UCLA and make investing in this sector his full-time job. David founded the Junior Miner Junky subscription-based newsletter in April, 2017 and writes a weekly column for precious metals news service Kitco.com.