

Mining Stock Education
Bill Powers
Profit from resource and precious metals investing as you learn from the best in the industry and discover quality mining investment opportunities with the Mining Stock Education podcast.
Episodes
Mentioned books

Aug 29, 2025 • 30min
Mastering Discovery Hole Investing with Geologist and Broker Steve Todoruk
In this episode of Mining Stock Education, host Bill Powers interviews Steve Todoruk, a seasoned exploration geologist and stockbroker with Sprott Global. Steve dives into his strategies for investing in junior mining companies, particularly focusing on discovery hole investing. Drawing on his extensive experience in geology and finance, Steve explains how he identifies promising junior mining stocks, assesses their potential, and navigates investment risks. Listeners will gain timeless insights into maximizing their returns from early-stage mining stocks, making this episode a valuable resource for both novice and seasoned investors. This interview is a must-listen for savvy investors and was originally broadcasted on MSE in July 2017.
00:00 Intro
03:05 State of 2017 Junior Mining Exploration
04:28 Ideal Junior Explorer Profile
07:11 Investment Strategies: Prospect Generators
11:09 Discovery Drill Holes and Investment Timing
15:23 Case Studies: Successes and Failures
23:21 Investing in Uranium Explorers
26:27 Conclusion and Contact Information
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 24, 2025 • 44min
Expert Mine Valuation Tips with Pros Michael Sinden and Gordon Sobering of Costmine Intelligence
In this episode of Mining Stock Education, host Brian Leni is joined by Michael Sinden, Managing Director, and Gordon Sobering, Director of Costing and Engineering at Costmine Intelligence. The discussion centers around mining cost analysis, project evaluation, and key factors affecting investment decisions in the resource sector. They delve into the expertise shared by Costmine Intelligence in providing high-quality, proprietary cost data, the impact of recent economic cycles, and the nuances of the cost elements in mining projects. Gordon and Michael also provide insights into the relevance of ESG factors, the importance of estimating reclamation costs, the variability in cost estimates at different stages of project studies, and emerging trends in alternative energy sources and automation in mining.
00:00 Introduction
02:01 Impact of the Pandemic on Mining Costs
03:37 Energy Costs and Future Predictions
05:18 Alternative Energy Sources in Mining
09:02 Challenges in Technical Studies and Cost Estimates
19:45 Jurisdictional Cost Differences in Mining
23:03 AI and Automation in Costing
23:17 Electric Vehicles and Data Sets
23:29 Challenges in AI and Automation Data
25:18 Automation in Steel Manufacturing
26:33 Patterns in Commodity Cost Data
27:38 Mineral Processing and Metallurgy
29:07 Bulk Sampling and Cost Viability
32:31 Inflation and Cost Indices
35:06 Focus on Gold, Copper, and Iron Ore
37:20 Bulk Commodities and Transportation Costs
38:59 Cost Mind Intelligence Services
41:05 Conclusion and Final Thoughts
https://www.costmine.com/
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 20, 2025 • 50min
Junior Mining Stock Timely and Timeless Insights with Pro Investor Dave Lotan
In this episode of Mining Stock Education, host Bill Powers sits down with strategic resource investor and returning guest Dave Lotan. Broadcasting from his summer home in Ontario, Dave shares his extensive expertise on junior mining stocks, emphasizing the importance of understanding market cycles, capital flows, and government policy impacts on natural resources investments. He reflects on specific mergers and acquisitions within the sector, provides analysis on the impact of government interventions, and discusses the nuanced strategies around investing in small-cap mining stocks. Dave also addresses the significance of relationships and boots-on-the-ground research in his investment approach while offering a candid perspective on the competitive nature of resource investing.
00:00 Intro
00:42 Insights on Junior Mining Cycles
01:53 Understanding Capital Flow in Resource Sectors
03:29 Gold Sector Cycles and Investment Strategies
08:55 Government Policies and Their Impact on Resource Investments
17:06 AI in Resource Investing: Potential and Limitations
24:05 $MAI $HSTR $ITR
27:31 $TXG $PRYM
29:29 $PAAS $MAG
30:18 $EQX $CXB
32:31 $SAND $RGLD $HCU $ELE
35:51 The Role of Rumors in Mining Investments
37:21 The Flea Market Nature of Junior Mining
41:07 $HG Social Media Promotion
46:43 Final Thoughts and Disclaimers
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 18, 2025 • 28min
Junior Mining Arbitrage Opportunities Provide Easy Profit for Astute Investors says Jayant Bhandari
A unique and often overlooked way to profit through investing in the junior resource sector is by taking advantage of arbitrage opportunities. These opportunities occur stunningly frequently in the sector and provide the astute investor with a lower risk avenue to consistently make high returns in an otherwise volatile sector. In this interview, Jayant Bhandari of Anarcho Capital Inc. explains how to profit from arbitrage in junior mining stocks. Jayant is one of the foremost voices in junior resources teaching about and lifting up arbitrage opportunities within the sector. Previously, he has worked for well-known natural resource investors Doug Casey and Frank Holmes. Currently, he advises institutional investors regarding investing in the junior mining sector. This interview is a must-listen for savvy investors and was originally broadcasted on MSE in June 2017.
0:00 Intro
3:05 How Jayant came to focus on junior mining stocks
4:10 Why Jayant focuses on arbitrage opportunities
4:54 Why arbitrage occurs in junior mining stocks
5:54 Where arbitrage occurs most frequently in junior resources
9:16 How many significant arbitrage opportunities occur each year
9:41 Past arbitrage opportunity of Sunridge Gold explained
12:08 Why arbitrage can grow over time in junior resources
13:01 What % arbitrage upside Jayant looks for before investing
14:49 What factors/risks to examine in an arbitrage opportunity
18:46 Profitable arbitrage trades Jayant has made
21:31 Final advice on profiting from arbitrage in junior resources
https://jayantbhandari.com/capitalism-morality/
Coupon Code for 10% off: MSE25
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 14, 2025 • 42min
When YOU Should Sell A Junior Mining Stock: Minera Alamos Case Study with Investor Sultan Ameerali
In this episode of Mining Stock Education, host Bill Powers interviews private investor Sultan Ameerali, who delves into his investment journey with junior miner Minera Alamos (TSXV:MAI; OTC: MAIFF). Sultan discusses the rationale behind his initial investment into the company in 2018 and the factors that led to his decision to recently sell the stock. The conversation highlights the importance of developing and understanding your investment process, not falling in love with management, keeping watch over your ego and the risks associated with balance sheet issues in the junior mining sector. Both Sultan and Bill explore the balance between upside potential and downside risk, offering valuable insights for thoughtful investors in the mining sector.
00:00 Introduction to Mining Stock Education
00:45 Guest Introduction: Sultan Am
01:24 Initial Investment in Minera Alamos
02:59 Challenges and Setbacks
03:54 Recent Developments and Decisions
06:44 The Permitting Halo and Financing
08:41 The Transformational Acquisition
14:10 Ego and Investment Decisions
18:14 Evaluating Management and Opportunity Cost
21:14 Understanding Risks and Opportunities in Mining
24:28 Balancing Upside and Downside in Investments
25:21 Special Situations and Downside Protection
28:57 Reflecting on Investment Strategies
34:36 Evolving Investment Processes
36:30 Final Thoughts and Future Plans
Press release discussed: https://mineraalamos.com/news/2025/minera-alamos-announces-transformational-acquisition-of-producing-gold-complex-from-equinox-and-appoints-jason-kosec-as-part-of/
Sultan’s Twitter: https://twitter.com/SultanAmeerali
Sultan’s Website: https://www.consolidatedrock.com/
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 13, 2025 • 22min
Multiple Gold Discovery “Shots on Goal” - Results in Next 60 Days says Fury Gold Mines CEO Tim Clark
Fury Gold Mines offers investors multiple gold discovery “shots on goal.” Drill results from the Committee Bay project, funded by Agnico Eagle, and the Sakami gold project are due within the next 60 days. In this episode, SVP Exploration Bryan Atkinson and CEO Tim Clark provide an update on Fury Gold Mines many projects across the portfolio, including the first drill hole at Sakami which yielded an intercept of 41.5m of 1.23 g/t gold.
Sponsor: https://furygoldmines.com/
Ticker: FURY
Press Release discussed: https://furygoldmines.com/fury-intercepts-41-5-metres-of-1-23-g-t-gold-at-sakami-gold-project-in-quebec/
0:00 Intro
0:43 Sakami project intercept: 41.5m of 1.23 g/t gold
4:31 Committee Bay drilling
6:02 Multiple discovery “shots on goal”
8:35 Eau Claire project
9:59 Kipawa rare earths project
11:51 Lithium project
13:37 SG&A & share dilution rate
16:53 Investor feedback
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Sponsor Fury Gold Mines pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 11, 2025 • 51min
“Most Lucrative Junior Mining Sector Pricing Ever” says 40-year Veteran John Kaiser
In this episode of Mining Stock Education, host Bill Powers is joined by John Kaiser of KaiserResearch.com, who brings 40 years of industry expertise to discuss the current state of the junior mining sector. Kaiser shares that the sector is offering the most lucrative pricing he has seen in decades, highlighting the importance of discerning valuable opportunities amidst a plethora of less promising companies. The conversation delves into Kaiser's rational speculative model for evaluating mining stocks, the impact of geopolitical and economic factors on resource juniors, and current and future trends in both precious and critical metals. Kaiser also touches on his shift in newsletter business model to rely solely on subscriber support and addresses the challenges and opportunities facing junior miners in North America.
00:00 Introduction
00:50 Current Value in the Junior Mining Sector
03:02 Rational Speculative Model Explained
04:32 Discovery and Valuation in Junior Mining
05:47 Challenges and Opportunities in Feasibility Studies
12:59 Speculative vs. Production Focus
20:14 Market Inefficiencies and Knowledge Arbitrage
23:42 Critical Metals vs. Precious Metals
25:13 Trump's War on Energy Transition
26:22 Navigating the Critical Metals Market
28:13 Challenges in American Mining Competitiveness
31:32 Global Mining Landscape and Geopolitical Influences
36:07 Innovative Approaches in Resource Exploration
39:59 Revolutionizing the Newsletter Business Model
48:06 Conclusion and Final Thoughts
John’s subscription services:
https://www.kaiserresearch.com/g11/Home.asp
https://kaiserresearch.substack.com/
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Aug 4, 2025 • 33min
What Investors Should Know about A.I. Drill Core Scanning with Dr. Rob Stevens
In this episode of Mining Stock Education, Bill Powers hosts Dr. Rob Stevens, author of 'Mineral Exploration and Mining Essentials' and proprietor of MiningEssentials.com, to discuss the latest advancements in core scanning technology and the integration of artificial intelligence (AI) in the process. Dr. Stevens explains the fundamental technologies behind core scanning, such as XRF, hyperspectral sensors, and LIBS, and their roles in capturing invaluable geochemical and mineralogical data. The discussion also covers how AI can improve geological targeting and predictability in exploration projects by interpreting large datasets effectively. Additionally, Dr. Stevens highlights the applications and advantages of core scanning for investors and elaborates on how it can standardize core logging, optimize sample prioritization, and better guide future drill holes. Finally, insights are shared on the ethical considerations and the tangible benefits that investors should be aware of regarding core scanning technologies.
0:00 Introduction and Guest Introduction
0:30 Overview of Core Scanning Technology
1:51 Types of Core Scanning Methods
4:25 XRF Scanning Explained
6:14 Hyperspectral Scanning Explained
7:43 LIBS Scanning Explained
8:56 Case Studies and Examples
14:14 Advantages of Core Scanning
17:53 Role of AI in Core Scanning
19:28 Investor Considerations
22:31 Q&A Session
30:17 Conclusion and Final Thoughts
To learn about Rob’s book and online training courses: https://www.miningessentials.com/
Rob’s YouTube channel:
https://www.youtube.com/@mining-essentials
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
This episode was not sponsored. MSE received no compensation to speak favorably of Rob Stevens’ book and has no revenue-sharing arrangement with Dr. Stevens. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Jul 31, 2025 • 1h 1min
Ten-Bagger Losses, ‘Spray & Pray’ Speculators & Junior Mining Insights with Bill Powers & Brian Leni
In this episode of Mining Stock Education, Bill Powers and Brian Leni each share one of their ten-bagger losses. The duo delves into the intricacies of investing in junior mining stocks through their monthly MSE chat. They tackle a listener’s question about missed investment opportunities and discuss the importance of establishing and adhering to a sound investment process. Brian shares his reasons for passing on Filo Mining due to jurisdictional risks and contrasts it with his success in investing in AbraSilver. The episode also covers investment strategies, such as balancing risk and return and the differences between conservative and speculative approaches. They analyze market dynamics, including the challenges of opaque markets like rare earth elements, and discuss the significance of due diligence, valuation, corporate transparency, and management credibility. Additionally, the episode explores the importance of learning from investment losses to refine one’s process and the contrasting approaches between “spray and pray” and targeted, strategic investing. Listen to these two full-time mining speculators share insights and reflect upon your own approach to junior mining speculation!
0:00 Introduction
0:31 Ten-bagger losses
7:39 Process modification
11:02 “Spray & Pray” vs Rifle approach
19:19 Conservative vs Speculative
22:36 Corp decks
28:10 New geological model speculation
31:43 Investing with failed management
36:50 Lower-tier management with cash
39:40 Director’s overcompensation
44:14 Pump-n-dump case study
49:22 Honorable founder’s shares escrow
52:13 Rare earths
Brian’s website: https://www.juniorstockreview.com/
Bill’s Twitter: https://x.com/MiningStockEdu
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Jul 28, 2025 • 1h 4min
Don Durrett’s 100-Bagger Mining Stock and Investment Strategies Revealed
In this episode of Mining Stock Education, host Bill Powers interviews Don Durrett from GoldStockData.com. Don shares his experience in the mining stock sector, emphasizing his investment strategies and revealing how his investment in Crocodile Gold is turning into a 100-bagger. The discussion covers his views on various mining companies like Newmont, Agnico Eagle, and First Majestic Silver, and his thoughts on balancing risk with potential rewards in the mining sector. Don also provides valuable tips for evaluating mining stocks, highlighting the importance of strong projects, management teams, and having an investment edge.
0:00 Introduction and Guest Welcome
0:44 Analyzing Newmont's Q2 Earnings
3:04 Investment Strategies and Market Predictions
17:47 Mid-Tier Producers and Success Stories
21:13 Developer Checklist and Investment Criteria
24:10 Management Teams and Path to Production
27:29 Takeovers and Market Positioning
31:43 Trading Strategies and Stock Selection
32:28 Avoiding the OTC Pinks and Understanding Insiders
33:31 Bearish on Exploration Stocks
34:11 Optionality Plays in Gold and Silver
35:40 Early-Stage Exploration and the Lassonde Curve
38:33 Inelasticity of Exploration Stocks
43:38 Managing a Diverse Portfolio
55:28 AI in Mining Stock Analysis
1:00:30 Concluding Thoughts and Market Predictions
https://www.goldstockdata.com/
Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39
This episode was not sponsored. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/