Catt Calls: No Fear Finance

Gold is down around 25%, silver is back near the mid-$50s, and the miners have been ground down along with everything else, so is this a correction in a bull market or the end of Commodity Supercycle 2.0? In this week’s Coffee with Catt, Simon Catt explains why he believes we’re less than halfway through the cycle, why gold and silver can make new highs in 2027, how AI earnings and the US midterms fit into the picture, and exactly what would prove him wrong, including the Asian Silver & Gold price premium he watches and the price levels he’d need to see by mid-2027. We then dig into his conversation with John Dorward, the man with the golden gun, who sold two gold assets totalling over a billion dollars in two months, and what investors can learn from how he spots mispriced mining assets. From there we cover StrikePoint Gold's (TSX.V: SKP) metallurgy and the two-year journey ahead, Mackay Gold & Silver’s (CVE: MACK) higher-grade drilling on the Comstock Lode and the Sutro Tunnel target, Hycroft Minings’s (NASDAQ: HYMC) best drill hole yet and why the shares still fell, and the case for palladium and Chalice Mining (ASX: CHN) as Norilsk’s inventory runs dry and supply risks pile up.0:00 Introduction01:42 Correction or End of The Bull Market?03:00 Gold, Silver & Market Predictions & Analysis06:00 Physical Gold ETF Holdings & Gold Miners07:30 Silver Price Narratives Vs Supply Demand Reality08:55 Supply Is Fact, Demand Is Storytelling11:10 Physical Metal vs Miners12:55 What Would Prove The Thesis Wrong?16:19 John Dorward: Selling Gold Mines19:59 Roxmore's Converse: $15M to $464M (SSR Mining)21:32 The Farmer Dispute at Katanning Gold Project27:39 StrikePoint Gold (TSX.V: SKP) : EV per Ounce28:35 StrikePoint Gold's Metallurgy & Drilling Timeline34:15 Mackay Gold and Silver (CVE: MACK)37:06 Hycroft Mining's (NASDAQ: HYMC) Best Drill Hole Yet40:17 Eric Sprott and Silver Sentiment43:10 Palladium and Capital Cycle Investing47:08 Norilsk Palladium Supply Shock52:14 Chalice Mining, Zircon and Warrego North55:58 Final Thoughts: Get Through the Midterms, Silver, USD📺Youtubehttps://www.youtube.com/@CattCalls#🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comFull Article Discussed:https://www.cattcalls.com/coffee-with-catt/the-man-with-the-golden-gun⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Gold #Silver #Palladium #Hycroft #ChaliceMining StrikePointGold #GoldMiners #EricSprott #MackayGold #commodityinvesting #SimonCatt #ValterraPlatinum #midterms

In just two months, John Dorward, executive chairman of Ausgold (ASX: AUC) and Roxmore Resources (TSE: RM), delivered two golden exits worth over a billion dollars in cash and shares for shareholders. In this episode, Simon Catt sits down with John Dorward to unpack how he did it: from spotting a mispriced asset and solving the farmer access dispute that stalled Ausgold’s Katanning Gold Project for years, to backing a credible team with deep-pocketed investors and knowing when to sell rather than build. John Dorward shares what he looks for in a project (value, resource quality, jurisdiction and fixable problems), how his thinking has shifted at a $4,000 gold price, why Converse in Nevada became a $550 million sale to SSR Mining (NASDAQ: SSRM), and whether he thinks the gold cycle still has legs. He also previews what’s next for the new spinco coming out of Roxmore, with its Rattlesnake Hills and Newton projects, and gives his views on StrikePoint’s (TSX-V: SKP) recent acquisition of the Northumberland Gold Project from Newmont.00:00 Introduction00:25 Two golden exits in two months: How?02:18 When to choose an opportunity: Value first04:18 Ausgold case study: the resource and the farmer dispute07:02 Winning over investors to back the story10:45 Build it or sell it? Why the strategy doesn't change12:00 Does the gold cycle matter when choosing projects?15:32 Why jurisdiction matters: Senegal, Burkina Faso, Nevada and WA18:33 Is the gold cycle done?19:48 The Roxmore spinco: Rattlesnake Hills and Newton21:28 StrikePoint and Northumberland📺Youtubehttps://www.youtube.com/@CattCalls#🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://www.roxmoreresources.com/https://ausgoldlimited.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #goldmining #goldstocks #ausgold #roxmore #johndorward #strikepoint #simoncatt

The Tungsten price is up around 10x in a year, so have we missed it? In this Coffee With Catt, Simon Catt says we’ve missed the easy money but not all of it, and explains why he’s started building a position in Blue Moon (TSX: MOON) and The Elmet Group (NASDAQ: ELMT) after visiting its Springer tungsten mine in Nevada. We look at why tungsten is the “war metal”, how US-China rivalry and global rearmament are driving demand, and what the US Department of War’s $450M investment in Elmet (ELMT), with $150M passed on to Blue Moon, means for the only significant US tungsten mine. Simon also explains why he’s buying even though he expects tungsten prices to fall over time, walks through the plan to restart Springer, compares Blue Moon and Elmet with MP Materials, and responds to Viceroy Research’s short attack. 00:00 Introduction00:45 Did We Miss the Tungsten Move?02:00 Blue Moon Metals & Elmet Group - Springer: America's Next Tungsten Mine04:00 What's Driving The Tungsten Market?05:41 US & Global Defense Spending 07:23 Forever Wars - Cumulative US Military Interventions08:25 The Elmet Group - Tungsten Demand For Defense 09:30 Will China Flood The Market With Tungsten? (EQ Resources Story)15:25 Why US Tungsten? (ELMET, Tungsten West, EQ Resources, Almonty)17:52 Tungsten Price Explained - $2,800 MTU & Super Profits20:30 Tungsten Supply Coming Online23:10 Will Tungsten Stocks Sell Off?25:20 Blue Moon Metals Valuation & Springer Tungsten & EQ Resources29:07 Blue Moon Metals Timelines for Production & APT Plant32:30 Springer Tungsten Mine; Location, Team, Drill Rigs & Other Minerals42:20 The Elmet Group, MP Materials & Blue Moon Metals Valuations46:23 Buying Both Elmet Group and Blue Moon Metals49:30 Viceroy Research Shorts on Blue Moon Metals 55:45 Blue Moon Metals Share Price59:00 Investment Thesis RecapCatt Calls Article:https://www.cattcalls.com/catt-calls/blue-moon-hard-metal Companies Discussed:Blue Moon Metals (TSX: MOON)The Elmet Group (NASDAQ: ELMT)EQ Resources (ASX: EQR)MP Materials (NYSE: MP)Viceroy Research📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://bluemoonmetals.com/https://www.eqresources.com.au/site/content/https://theelmetgroup.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Tungsten #Tungstenstocks #criticalminerals #bluemoonmetals #ElmetGroup #simoncatt #cattcalls #eqresources #tungstenprice #investingintungsten #tungstenmining

Vizsla Copper's SVP Corporate Development, Keith Bodnachuk (standing in for Vizsla Copper CEO Craig Parry) explained how Vizsla Copper (CVE: VCU), spun out of Vizsla Silver (TSE: VZLA) and part of the Inventa group, has built up its copper portfolio through M&A, from the Woodjam and Poplar porphyry projects in British Columbia to the Palmer VMS project in Alaska. He covered the strong drill results at Palmer, including a new discovery at the HG prospect awaiting assays, and the Agnico Eagle deal that adds the Delta and Helm Bay projects and makes Agnico the company’s largest shareholder at just under 20%. He also spoke about his day job at Cosa Resources (TSXV: COSA), which has the same discovery team behind IsoEnergy’s Hurricane deposit, and outlined its Athabasca Basin drilling plans at Murphy Lake North and Derby, backed by Denison as largest shareholder. Recorded at the Arlington Rapallo on 13th September 2026, with Simon Catt interviewing.00:00 Welcome to Rapallo00:37 Vizsla Copper’s M&A strategy and BC porphyries02:50 The Agnico Eagle deal: Delta and Helm Bay04:52 Palmer vs Delta: which comes first06:05 Barite and critical minerals at Palmer06:45 Palmer drill results and the HG discovery07:42 What’s next: Woodjam results and portfolio value09:45 Cosa Resources: Murphy Lake North, Derby and the Hurricane team📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://vizslacopper.com/https://www.cosaresources.ca/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #VizslaCopper #Copper #copperstocks #coppermining #uraniummining #cosaresources #simoncatt #cattcalls #juniormining

Michael Allen, President & CEO of StrikePoint Gold (TSXV: SKP | OTCQB: STKXF), joins Simon Catt from Catt Calls to break down the Northumberland Gold Project, the Nevada asset StrikePoint is buying from Newmont (NYSE: NEM) for US$70M cash plus up to US$50M in contingent payments, funded by a C$190M bought deal financing. Northumberland is a past-producing, Carlin-style deposit with an initial resource of 2.86 Moz AuEq indicated and 1.57 Moz AuEq inferred (about 4.4 Moz in total), and Michael Allen explains why he compares it to Betze-Post, why he thinks Newmont let it go, how the deal came together in about six months, and how he plans to drill it out and build the team ahead of a major project update in late 2027 or early 2028. Update: the acquisition closed on October 6, 2026, after this interview was recorded. 00:00 Introduction & Betze-Post Comparison 00:22 StrikePoint Raises C$190m to Buy Northumberland from Newmont01:02 Why is Northumberland Similar to Betze-Post?02:27 Why Did Newmont Sell Northumberland?04:02 Michael Allen's Background04:47 How Did the Northumberland Deal Emerge?05:56 What's the Plan with the Northumberland Asset?07:09 Building a Strikepoint Gold Team for Northumberland08:45 What Will StrikePoint Gold Look Like in September 2027?09:40 Cash Position09:57 The Potential Future Resource InventoryResource figures are from StrikePoint's October 6, 2026 news release:https://strikepointgold.com/strikepoint-completes-acquisition-of-the-northumberland-gold-project-from-newmont-corporation-escrow-release-conditions-satisfied-for-c190-million-bought-deal-financing-led-by-canaccord-genuity/If you are an investor interested in gold mining, gold exploration, gold exploration stocks and gold mining stocks, subscribe to Catt Calls and sign up to the Catt Calls Newsletter on https://www.cattcalls.com/ .📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://strikepointgold.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #goldstocks #goldexploration #goldmining #strikepointgold #newmont #nevadamining #silvermining

Sun Valley Minerals CEO Christo Stem joins Simon ahead of the company's Toronto Stock Exchange listing to explain how it has quietly become the largest landholder in Uruguay, and why it is fully funded to start drilling as soon as it lists. Sun Valley Minerals has grown its Taruman belt position from roughly 50 kilometers to close to 150 (licences granted and applications filed), with high-grade gold occurrences at surface along tens of kilometers of strike, and is already building a pipeline at Plumas Doradas. The company has C$15 million in the bank after two raises of just over $8 million and $10 million, has bought its own RC and core rigs, and has hired a drilling manager out of South Africa to run drilling in-house rather than rely on contractors. That funds at least 20,000 meters of RC drilling, with around 10,000 meters of deeper core to follow. For anyone following gold stocks, junior mining stocks or gold exploration, the tell is in the share register: Kinross Gold (TSX: K) lifted its position from 9.9% to 14.9%, and Altius Minerals (TSE: ALS) has participated in every raise. Christo Stemmet also makes the case that this is a multiple-discovery story rather than a one-project company, or as he puts it, 'There's just so much gold in the system.'"00:00 Welcome Back to Rapallo Sun Valley Minerals00:30 New Shareholders and TSX Listing01:20 Uruguay Gold Exploration Project Overview02:45 Drilling in Uruguay04:05 TSX Listing Timeline, Drilling & Financing05:30 Cash Runway and Goals07:30 What's the Size of the Prize? Taruman & Plumas Doradas09:00 Kinross Gold Expectations10:25 One Year Timeline and Catalysts📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://www.sunvalleyminerals.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Goldexploration #Goldmining #goldstocks #golddiscovery #kinrossgold #sunvalleyminerals #cattcalls #juniormining #altiusminerals

Rainbow Rare Earths (LON: RBW) CEO George Bennett returns to the Arlington Rapallo mining conference to explain how the US government's $110/kg NdPr price floor has reshaped the rare earths market, helping lift Chinese prices from around $60 to $130-140/kg and pushing heavy rare earths like dysprosium and terbium to Western premiums. He covers the $50 million US DFC equity commitment to the Phalaborwa project in South Africa, the ongoing binding offtake negotiations, and what to expect from the Phalaborwa feasibility study, with FID targeted for late 2027 and production in 2029. George also outlines the Uberaba project in Brazil, a 49/51 joint venture with Mosaic (NYSE: MOS), and the catalysts ahead for Rainbow, including a potential New York listing with BMO on board, definitive feasibility work and the offtake agreements. Interviewed by Simon Catt on 14th September 2026.00:00 Welcome back to Arlington Rapallo00:25 US Government & Rare Earth Price Floors01:40 Does Jurisdiction Matter for Price Floors03:00 Offtake Negotiations04:04 Phalaborwa Feasibility Study04:57 Uberaba Project JV With Mosaic (NYSE: MOS) in Brazil07:07 Potential for Other Strategic Partners of Rainbow Rare Earths07:48 Upcoming Catalysts: US Listing, Offtakes, Pre-feasibility 📺Youtubehttps://www.youtube.com/@CattCalls#🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://www.rainbowrareearths.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Rainbowrareearths #rareearths #rareearthstocks #criticalminerals #neodymium #praseodymium #ndpr #rbw

Mithril Silver and Gold CEO John Skeet joins Simon Catt in Rapallo to explain what has changed in the last year at the Copalquin district in Mexico's Sierra Madre. They cover the upgraded Target 1 resource, the new Target 4 drilling along the Copalquin-Zaragoza structure, and why Skeet says "we've definitely got the scale". They also get into Mithril's drilling results, including a 0.57 m intercept of 4,400 g/t silver at Zaragoza along the same structure, and the team's track record with Palmarejo and SilverCrest. Interviewed by Simon Catt on 13th September 2026.Looking ahead, Skeet outlines the plans for the next 12 months. These include a PEA on Target 1 due by the end of the year, targeting 50-70,000 ounces of gold equivalent a year and an after-tax NPV of around $400 million. They also cover step-out drilling at Target 4 and his view on Mexico's permitting under the Sheinbaum government. Catt Calls: No Fear Finance brings contrarian, numbers-driven views on precious metals and investing.0:00 Welcome back to Rapallo0:23 What's changed in the last year?1:14 Target 4: the new structural target and first drill results2:52 Target 1 resource, underground mining shapes and the PEA3:43 Is Mithril an Explorer or developer?5:03 Mexico: security, permitting and Sheinbaum7:22 The next 12 months: PEA and the other targets8:55 Skeet's favourite targets: Target 3 and Target 49:46 Why Target 4 is more silver-rich than Target 110:51 Can Mithril be the next Palmarejo or SilverCrest?📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.com⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #mithrilsilverandgold #silvermining #juniorminingstocks #silverexplorer #goldminer #simoncatt #cattcalls

Jason Jessup, CEO of Magna Mining (TSX: NICU), explains what a new strategic investment from Alpayana, the private Peruvian miner with five producing mines in Peru and one in Mexico, means for the company's Sudbury growth plans. He covers McCreedy West's turnaround and positive cash flow, the upcoming Levack PEA and Crean Hill pre-feasibility study, and why he expects Magna Mining to be a significant copper equivalent producer by 2029, with nickel, platinum, palladium, gold and silver as by-products.Jason also discusses the high-grade R2 discovery at Levack, where drilling has intersected massive chalcopyrite veins running 20 to 30% copper, with nickel and platinum group metals in the mix. He also talks about hiring 50 miners this fall, his plans to grow through further Sudbury acquisitions from Vale and Glencore, and why he thinks some deals could be bigger than the KGHM acquisition. Recorded at the Rapallo conference on 13th September 2026 and interviewed by Simon Catt.00:00 Magna Mining CEO Jason Jessup00:44 What Alpayana's investment means for Magna Mining03:35 Production outlook: two studies due and the 2029 target04:27 McCreedy West: the turnaround and cash flow05:24 Accelerating Levack and Crean Hill06:40 20-30% copper veins and "tremendous upside" | R2 Discovery 07:28 Platinum, Palladium & Gold Discoveries08:37 What's next? Production, Studies & Vale + Glencore Opportunities in Sudbury 📺Youtubehttps://www.youtube.com/@CattCalls#🎧Apple Podcasts https://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://magnamining.com⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Magnamining #juniorminingstocks #coppermining #PGMs #JasonJessop #copper #nickelmining

Mackay Gold & Silver (CVE: MACK) CEO Darwin Green on reviving Nevada's legendary Comstock Lode, 35 minutes from Reno. Interviewed by Simon Catt.Discovered in 1859, the Comstock helped build San Francisco and produced over 8 million ounces of gold and roughly 200 million ounces of silver, at historical grades of around 35 g/t gold and 725 g/t silver. The last of the big underground mines shut down in the 1920s, leaving the district largely frozen in time with little modern, systematic exploration.Mackay is now consolidating the fragmented claims, including the Comstock Inc. acquisition, which added roughly 1 million ounces of SK-1300 resources (about 600,000 measured and indicated plus 300,000-400,000 inferred) and a permitted heap leach facility. The company is drilling a 20,000m program with two rigs, starting on the Occidental vein, with first results still to come.Interview on Comstock Lode gold mining, Nevada gold mines, historic gold production and gold and silver exploration in Nevada.0:00 Meet Mackay Gold & Silver CEO Donald Green00:45 The Comstock Lode: 1859 Discovery Frozen Since the 1920s01:57 Consolidating 100 Years of Fragmented Claims03:14 The Comstock Inc Deal: 1M Ounces + Permitted Heap Leach05:52 Why Nevada, Why Now: Grades, Team & 2 Years Funded09:40 Drilling Now: Occidental Vein Shallow Oxide Targets12:11 Going Deep: Sutro Tunnel & 500m Down-Dip Targets14:01 Hunting Blind Bonanzas: The Big Bonanza Blueprint📺Youtubehttps://www.youtube.com/@CattCalls#🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://mackaycorp.com⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #mackaygoldandsilver #goldmining #comstocklode #goldexploration #goldstock #silverstocks #nevadamining