Company Interviews

Crux Investor
  • 0.0 (0)
  • INVERSIONES
  • CADA DÍA

An insight into junior mining and opportunities to invest. Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster. Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.

  1. HACE 7 H

    Pacific Lime & Cement (ASX:PLA) - 'Undervalued?' Investment Series, with Paul Mulder

    Interview with Paul Mulder, Managing Director of Pacific Lime & Cement Ltd. Our previous interview: https://www.cruxinvestor.com/posts/pacific-lime-cement-asxpla-pngs-first-lime-producer-targets-50m-import-replacement-market-7827 Recording date: 18th March 2026 Pacific Lime & Cement (ASX:PLA) is advancing toward February 2027 production as Papua New Guinea's first domestically-based lime and cement manufacturer. In a recent interview, managing director Paul Mulder outlined the company's progress on a project that will eliminate PNG's complete reliance on Chinese and Japanese imports while establishing a vertically integrated building materials platform with substantial government backing. The project's competitive foundation rests on geographic advantages that significantly undercut existing supply chains. The coastal limestone deposit requires zero stripping and sits just 700 meters from the company's private wharf facility within a special economic zone. Current suppliers operate mines 100 to 200 kilometers inland in Southeast Asia, requiring land transport to public ports before international shipping. This positioning, combined with 10-year tax exemptions covering corporate tax and import-export duties, creates meaningful cost advantages for serving PNG's protected domestic market. Financial structure represents another differentiating element. Pacific Lime & Cement funded initial development entirely through equity rather than debt, eliminating covenant restrictions and interest obligations that would reduce cash conversion. The PNG government's direct equity participation of 18% to 30% in both lime and cement special purpose vehicles values the company at approximately $700 million AUD, nearly triple the current $250 million market capitalization. This investment, formalized through a March 2018 project development agreement, signals government commitment while providing expansion capital for additional lime kilns. Near-term revenue visibility comes from Newmont, PNG's largest gold producer, which has committed to purchasing approximately one-third of initial production capacity. The two-kiln phase one targets domestic mining operations, water treatment facilities, and road stabilization projects currently served by imports from distant sources including Israel. Surplus production will flow to Western Australian markets where the company already demonstrates supply chain capabilities. Expansion plans encompass additional lime capacity, cement production facilities with International Finance Corporation partnership, and downstream concrete products including batch plants and cast construction materials. Management is simultaneously monetizing non-core assets, with Power China fully funding iron sands development and advisors pursuing value realization for a copper-gold exploration asset adjacent to the Frieda River operation. View Pacific Lime & Cement's company profile: https://www.cruxinvestor.com/companies/pacific-lime-and-cement Sign up for Crux Investor: https://cruxinvestor.com

    26 min

  2. HACE 14 H

    How To Grow Your Investment Portfolio During A Resource Sell Off

    Recording date: 18th March 2026 Olive Resource Capital used the March 18, 2026 market selloff to add positions across their high-conviction portfolio, as resource sector equities declined 5-7% and gold fell below $5,000 for the first time in six months. President Samuel Pelaez and Executive Chair Derek Macpherson outlined their strategic response during their weekly investor update, emphasizing that current volatility represents a buying opportunity rather than a structural market breakdown. The firm had strategically raised cash to approximately 10% of portfolio value in January and February, anticipating seasonal weakness around the PDAC conference period. This liquidity position enabled opportunistic deployment as Middle East tensions coincided with expected seasonal softness. Olive added to an unnamed Yukon exploration company, Arizona Sonoran Copper during its M&A transaction, energy sector holdings, and Goldsky as it consolidates 100% ownership of the Barsele project. Management emphasized their evolution toward concentrated, high-conviction positions over the past two years. This "high grading" process prioritizes companies with strong balance sheets, capable management teams, and no leverage exposure. Pelaez noted the portfolio consists of companies with "the ability to survive" market stress without facing imminent financial liabilities, recognizing that resource companies already carry inherent leverage through commodity price exposure. Technical indicators provided reassurance that systemic breakdown had not occurred. The VIX remained subdued, the S&P 500 stayed within 5-10% of highs, and global liquidity metrics functioned normally. Most portfolio positions had simply returned to year-end levels after strong early-year gains. Pelaez offered nuanced geopolitical analysis from the SMI conference, characterizing targeted U.S.-Israeli strikes on Iranian infrastructure as calibrated negotiating tactics rather than full escalation. He views current tensions as transitory events unlikely to derail long-term commodity demand drivers. Strong conference attendance and well-funded companies executing substantial drill programs reinforced management's conviction that underlying sector fundamentals remain healthy despite near-term price volatility. Sign up for Crux Investor: https://cruxinvestor.com

    24 min

  3. HACE 3 DÍAS

    Cassiar Gold (TSXV:GLDC) - 'Undervalued?' Investment Series, with Marco Roque

    Interview with Marco Roque, President & CEO of Cassiar Gold Corp. Our previous interview: https://www.cruxinvestor.com/posts/cassiar-gold-corp-tsxvgldc-whoever-comes-in-on-cassiar-is-going-to-make-a-lot-of-money-9480 Recording date: 17th March 2026 Cassiar Gold Corp. (TSXV:GLDC) operates an advanced exploration project in northern British Columbia with a resource base and infrastructure profile that management believes the market has significantly mispriced. The company controls 2.3 million ounces at its Taurus deposit, comprising 1.9 million inferred ounces at 0.95 grams per tonne and 410,000 indicated ounces at 1.43 grams per tonne. With 91% of these ounces within 150 meters of surface and the deposit remaining open in all directions, the geological foundation provides both near-term development potential and longer-term expansion opportunity. What distinguishes Cassiar from typical exploration companies is its existing infrastructure position. The property holds valid mine permits, a permitted 300 ton-per-day mill, paved road access, grid power, 25 kilometers of underground workings, and 160 kilometers of access roads. President and CEO Marco Roque emphasizes that these pre-existing assets represent hundreds of millions in sunk capital that competing projects would need to spend and years of permitting timeline already completed. Despite these advantages, Cassiar trades at approximately $32 Canadian per ounce of enterprise value with an $80 million market capitalization, well below the $50-900 per ounce range management cites for comparable peers. The company's strategic positioning centers on dual development optionality: high-grade underground veins averaging 10-20 grams per tonne capable of generating 30,000-60,000 ounces annually with minimal capital requirements estimated at $3 million Canadian, alongside longer-term open-pit development of the bulk tonnage deposit. The critical path to production involves re-permitting tailings facilities to current British Columbia standards, estimated at 1.5-2 years, though direct shipping ore arrangements could compress this timeline by 25-33%. With current gold prices creating potential margins exceeding $5,000 per ounce on high-grade material versus $200-300 margins in previous years, management believes the risk-reward profile for near-term development has fundamentally improved, driving increasing strategic interest and supporting the company's transition from exploration toward production. Learn more: https://www.cruxinvestor.com/companies/cassiar-gold Sign up for Crux Investor: https://cruxinvestor.com

    29 min

  4. HACE 3 DÍAS

    Trifecta Gold (TSXV:TG) - Yukon Explorer Targets Multi-Million Oz Discovery in Proven Gold Belt

    Interview with Richard Drechsler, President & CEO of Trifecta Gold Recording date: 17th March 2026 Trifecta Gold is positioning itself as the next potential discovery story in Yukon's Tombstone Gold Belt, where exploration companies have identified over 20 million ounces of new gold resources since 2020. Led by CEO Richard Drechsler, a 20-year Yukon exploration veteran, the company is systematically exploring reduced intrusion-related gold systems in a geological corridor that has transformed Snowline Gold from a penny stock into a multi-billion dollar company. The company's corporate structure reflects strong institutional backing. Three cornerstone investors control 40% of outstanding shares: Condire Investors holds 20%, Crescat Capital 10%, and an HNW investor group another 10%. Management owns approximately 11% with no seed stock dilution, ensuring alignment with shareholders. All positions were acquired through private placements or market purchases, with the initial 2024 round priced at 15 cents. Trifecta's inaugural 2025 drilling program at the Rye project delivered encouraging results. Six holes systematically tested different geological environments around a target intrusion located 14 kilometers from the North Canol Road. The first hole intersected 37 meters of over one gram per ton gold, while another hole encountered 1,400 grams per ton silver over two meters. Core samples showed vein densities comparable to or exceeding those at Banyan Gold's successful project, with the correct gold-bismuth-tellurium metal signature present in over 90% of samples. The technical team brings targeted expertise. Moira Smith, who co-authored papers on intrusion-related systems and worked at Alaska's Pogo deposit, joined the advisory committee alongside Fred Graybeal, former ASARCO chief geologist. The company benefits from logistical support through Archer, Cathro & Associates, which has explored Yukon since 1965. With $3 million in treasury, including $2 million in flow-through funds, Trifecta plans to mobilize in June for a July-September drilling campaign at Rye. Results are expected from September through year-end. Beyond Rye, the company controls nine additional untested properties in the belt, providing multiple discovery opportunities as it pursues what Drechsler describes as "front end of that LAN curve" value creation. View Trifecta Gold's company profile: https://www.cruxinvestor.com/companies/trifecta-gold Sign up for Crux Investor: https://cruxinvestor.com

    22 min

  5. HACE 4 DÍAS

    Marvel Biosciences (TSXV:MRVL) - Novel Treatment For Social Withdrawal Shows Rapid Results

    Interview with Dr. Mark Williams, President & CSO, and  J. Roderick Matheson, Director & CEO of Marvel Bioscience Corp. Recording date: 16th March 2026 Marvel Biosciences is advancing MB-204, a first-in-class treatment for social withdrawal conditions across autism spectrum disorder, depression, and Alzheimer's disease. The clinical-stage biotechnology company targets an underserved therapeutic area affecting millions globally, with autism prevalence reaching one in 36 children in the United States and depression impacting one in eight adults currently on antidepressants. The addressable market spans hundreds of billions of dollars in healthcare costs and lost productivity. The compound is based on a modified version of an approved Parkinson's medication, providing an established safety foundation for clinical development. Preclinical data demonstrates rapid symptom reversal within one hour of oral dosing in animal models. In head-to-head comparisons, MB-204 outperformed trofinetide, the only FDA-approved Rett syndrome treatment, across all measured behavioral endpoints. Critically, animals treated with MB-204 maintained improvements for two to three weeks after treatment cessation, suggesting semi-permanent neurological changes, while trofinetide benefits disappeared immediately upon stopping. Marvel's clinical strategy prioritizes orphan disease indications, specifically Rett syndrome and Fragile X syndrome, where Phase 3 success rates exceed 50% due to genetically homogeneous patient populations and validated regulatory pathways. The company has completed manufacturing of clinical-grade material and toxicology studies, positioning MB-204 for immediate Phase 1 entry in Australia within six to twelve months. The Australian regulatory environment offers efficient processes and a 43% research tax credit that significantly reduces development costs. Marvel holds composition of matter patents in China and Japan, with additional jurisdictions pending. The company has engaged in preliminary partnership discussions, aligning with neuroscience sector dynamics where approximately 70% of companies complete licensing or acquisition deals before Phase 2. Historical precedents show neuroscience acquisitions typically occur at valuations exceeding $80 million at this stage. Trading at $9 million CAD market capitalization, Marvel represents a significant discount to comparable Phase 1 neuroscience firms, with several peers valued between $100-400 million. Sign up for Crux Investor: https://cruxinvestor.com

    31 min

  6. HACE 5 DÍAS

    Gunnison Copper (TSX:GCU) - New PEA with 18-24 Month PFS Timeline

    Interview with Stephen Twyerould, President & CEO of Gunnison Copper Our previous interview: https://www.cruxinvestor.com/posts/gunnison-copper-tsxmin-nears-copper-production-start-in-september-2025-7847 Recording date: 13th March 2026 Gunnison Copper has released an updated Preliminary Economic Assessment for its flagship Arizona copper project, demonstrating $2 billion in after-tax net present value and positioning the asset as a prime acquisition target in North America's critical minerals sector. The study shows a 22.7% internal rate of return with $1.5 billion in capital requirements, representing a $700 million improvement in NPV over the company's previous assessment completed just 12 months earlier. The project is designed to produce 80,000 metric tons of copper cathode annually over a 21-year mine life, generating $6-7 billion in cumulative free cash flow. The substantial NPV improvement stems primarily from operational and technical enhancements rather than commodity price assumptions, including the strategic integration of the high-grade Strong & Harris satellite deposit and incorporation of innovative mineral sorting technology. Strong & Harris, located 3 kilometers from the main Gunnison pit, grades 0.8% copper—nearly three times typical Arizona operating grades—and added $190 million to NPV by leveraging shared infrastructure rather than operating as a standalone development. The company has also incorporated an on-site acid plant to eliminate dependency on volatile Mexican imports, contributing an additional $200-250 million to project value while providing competitive advantage. CEO Stephen Twyerould was direct about the company's strategic path forward, stating the firm is "unlikely to build this thing" independently. Instead, management is focused on delivering a fully-permitted Preliminary Feasibility Study with reserves within 18-24 months to maximize shareholder value through a potential transaction. The company benefits from a streamlined state-level permitting process without federal nexus, leveraging existing permits that require only amendment. Currently trading at a $220 million market capitalization—approximately one-third the valuation multiples of comparable Arizona copper developers—Gunnison represents what Twyerould describes as exceptionally rare: a mid-tier scale project approaching fully-permitted status in a tier-one jurisdiction with proven management execution capability. View Gunnison Copper's company profile: https://www.cruxinvestor.com/companies/gunnison-copper Sign up for Crux Investor: https://cruxinvestor.com

    26 min

  7. HACE 6 DÍAS

    Americas Gold & Silver (TSX:USA) - 'Undervalued?' Investment Series, with Oliver Turner

    Interview with Oliver Turner, VP, Corporate Development of Americas Gold & Silver Corp. Our previous interview: https://www.cruxinvestor.com/posts/americas-gold-silver-tsxusa-new-usa-critical-minerals-hub-to-be-built-9246 Recording date: 13th March 2026 Americas Gold & Silver is executing an ambitious expansion strategy at its flagship Galena mine in Idaho, backed by what management argues is a significant valuation disconnect in the market. Trading at 0.7-0.85 times net asset value according to consensus analyst models, the company sits well below the peer group average of 1.5x NAV despite operating the world's third highest-grade primary silver mine. The company recently announced its largest exploration program in history, comprising 64,000 meters of drilling primarily focused at Galena. Recent results have delivered impressive intercepts approaching 5 kilograms per ton of silver, accompanied by substantial copper and antimony byproducts. The program builds on two major 2025 discoveries, including the 34 vein which has expanded to a target of 6-7 million ounces. Management's production goal centers on returning Galena to 5 million ounces annually, matching historical 2002 output levels. This target underpins a three-year operational transformation plan focused on modernization, equipment upgrades, and transitioning to more efficient mining methods. The strategy emphasizes dual objectives: increasing throughput while simultaneously improving grades through targeted drilling of high-grade zones. Executive Vice President Oliver Turner emphasized the management team's proven track record, having previously scaled production from near-zero to 200,000 gold ounces annually at both Coeur Mining and Klondex using identical operational strategies. The team's execution capability represents a key differentiator as the company navigates its growth phase. Strategic initiatives include a joint venture with US Antimony to construct an antimony processing facility at Galena, maximizing payability for critical mineral byproducts, and the acquisition of the nearby Crescent mine to generate operational synergies. With $130 million in cash and a $50 million undrawn credit facility, all planned growth initiatives are fully funded without requiring additional capital raises. At current silver prices above $84 per ounce, the company generates robust operating cash flow while investing in production expansion. View Americas Gold & Silver's company profile: https://www.cruxinvestor.com/companies/americas-gold-silver-corporation Sign up for Crux Investor: https://cruxinvestor.com

    27 min

  8. 16 MAR

    Cabral Gold (TSXV:CBR) - 87 g/t Gold over 9.5m & Mining Permit Granted

    Interview with Alan Carter, President & CEO of Cabral Gold Inc. Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-advancing-towards-q4-2026-production-8738 Recording date: 13th March 2026 Cabral Gold (TSXV:CBR) is developing a district-scale gold project in northern Brazil's Tapajós region through a strategic two-stage approach designed to fund exploration from operational cash flow rather than shareholder dilution. The company's Phase 1 heap leach operation, currently 54% complete with a capital cost of $37.7 million, targets gold production in the fourth quarter of 2026. President and CEO Alan Carter emphasizes the project's economic advantages, with all-in production costs expected near $1,000 per ounce. At current gold prices above $5,000 per ounce, the modest 25,000-ounce annual production from Phase 1 should generate approximately $100 million in pre-tax cash flow—funding that will support aggressive district exploration without requiring additional equity raises. The project benefits from unique geological characteristics, featuring 60 to 70 meters of weathered oxide material that requires no drilling, blasting, or conventional milling. This free-digging saprolite needs only cement addition for processing, dramatically reducing both capital and operating costs compared to traditional hard rock mining. Recent developments have catalyzed investor interest. On March 10, 2026, Cabral secured the LP (preliminary mining license), representing Brazil's most critical permitting milestone after a process initiated in 2018. Two days later, the company announced exceptional drill results from the Jerimum Cima discovery: 9.5 meters at 87.4 grams per ton gold, including 2.9 meters at 285 grams per ton. Jerimum Cima represents one of four new discoveries since 2022, expanding the deposit count from three to at least six within the district. The company's current 1.2 million ounce resource awaits updating later in 2026, while 50 additional untested targets remain across a 7-kilometer soil anomaly—seven times larger than nearby Tocantinzinho, Brazil's third-largest open-pit gold mine. Carter notes the district's historical context: during the 1980s Tapajós gold rush, approximately 2 million ounces were extracted from placer workings at Cuiú Cuiú, with "the vast majority of that placer gold" remaining unexplained by current hard-rock discoveries. View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-gold Sign up for Crux Investor: https://cruxinvestor.com

    26 min
Ver todo (2 k)

Acerca de

An insight into junior mining and opportunities to invest. Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster. Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.

Información

  • Creador
    Crux Investor
  • Años de actividad
    2019 - 2026
  • Episodios
    2 k
  • Clasificación
    Apto
  • Copyright
    © Copyright 2021 All rights reserved.
  • Mostrar sitio web
    Company Interviews

También te podría interesar