Rick Rule: Fed Pivot Means Worse Inflation? M&A Coming For Gold Mining, Royalties & Commodities

Wall St. For Main St., Released on 2/7/24

During this hour plus long interview and conversation about the state of natural resource companies and mining companies in gold, copper, uranium and platinum group (PGM) metals, Rick talks gold demand and gold mining companies having a major divorce or disconnect in terms of their valuations from the gold price. Many mid-tier gold miners with good profit margins find their valuations at a 30% to 50% discount to net asset value (NAV) relative to projected future cash flows from current metals prices. Rick also talks about the upside in Franco Nevada, Equinox Gold as Greenstone comes online and switches to cash flow positive, the Hod Maden mine in Turkey currently under construction and the long term uranium bull market. Rick expects a lot of mergers and acquisitions among mid-tier gold miners like Lundin Gold.

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Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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