Dominic Frisby

A $15 Million Silver Bet: Silver Pony Resources (CSE: PONY, OTC: PONIF)

• Top takeaway Forensically probes the financing: C$0.20 units with a half warrant at C$0.30 on an C$8 million pre-money valuation, a stock now trading around C$0.12-0.18, and IPO buyers under water.
• Highlights the warrant overhang - roughly 22 million warrants, about 10 million inherited at C$0.10 - as a likely cap on the stock.
• Asks why the ground sat idle from the 1940s to 2016 and hears the claims were locked up by Thompson Oil & Gas for tax purposes for over 65 years.
• Confirms management bought only about C$400,000-500,000 (about 10%) of the C$4 million placement, while noting the disgruntled IPO shareholders.

Silver Pony's C$15-million market cap is a low-priced way to trade first drill assays from the underdrilled Lardeau silver district, due early October. Panelists flag selection bias: 3,500 to 12,000 gram-per-ton grab samples — selectively picked rocks — guided drilling, so assay widths matter more than grades. CEO Morgan Good points to about C$1.25 million in Roxmore Resources shares free-trading soon as non-dilutive funding flexibility. Geologist Chris Furey moved the drill 18 kilometers mid-season to Revelstoke after a 455 gram-per-ton surface sample, drilling through fold hinges for architecture. Panelists would buy it personally as a short-term drill-hole trade but won't recommend it, noting the paid presentation, warrants, and thin liquidity.

A Gold Miner That Could Earn Its Market Cap Every Year: Scottie Resources (TSXV: SCOT | OTC: SCTSF)

• Top takeaway Dominic Frisby questions the G&A run-rate (~C$2.5M including marketing) and the size of the current financing ($27M), notes that 15 insiders hold roughly 70% of the company, and flags a technical 'double top' on the chart near $3 as a short-term caution

Scottie Resources plans 2028 production from a BC Golden Triangle gold project using DSO, shipping crushed ore directly to a Taiwan offtake buyer with no mill or tailings facility. A 2025 bulk sample pulled $9 million from 4,600 tons at ~14.5 g/t over nine days, validating the road-to-port shipping model ahead of a Q1 feasibility study. Management targets roughly $150 million in annual free cash flow at $2,600 gold, with average production near 65,000 ounces per year over a seven-year mine life. Eleven commentators split on the plan: a few endorsed the team, while others flagged the $225 million valuation and tight two-year timeline as key risks. Indicated-versus-inferred resource conversion, project financing, and a joint IBA with the Nisga'a are the milestones Thomas pointed to as the path from PEA to first pour.

Doug Already Bought It - Noble Plains Uranium (TSXV: NOBL | OTC: NBLXF)

• Top takeaway Frisby calls the serial pivots — Burkina Faso gold, Alberta lithium brines, now uranium — both a red flag ('whatever's the cool thing of the times') and a virtue, admiring a management that keeps trying; he warns past holders have been treated ruthlessly on dilution and rollbacks.
• He maps the spiky chart for the panel: nearly 80 cents in 2017 in the gold era, above 50 cents in 2023 on lithium, down to 4 cents in 2024, a ~25-cent spike on early-2026 drill results, and 9 cents at the time of the call.
• His stance: own it for 'a good time, maybe not for a long time' — he might set a stink bid at 5-6 cents, judging the ~C$7M market cap as cheap even if the price trickles lower first.

Noble Plains Uranium (TSXV: NOBL) buys historic Wyoming uranium ground and converts legacy drill data into compliant resources, skipping grassroots exploration risk. Flagship Duck Creek holds a maiden 6.36-million-pound uranium resource (83% indicated) beside Cameco's and Uranium Energy's Powder River Basin projects. In-situ recovery (ISR — leaching uranium with solution underground rather than mining it) underpins the plan; management wants 20-25 million pounds before a production decision. Ur Energy took a 6.2% stake and signed a processing LOI, so Shirley Central pounds could pipe into its brand-new adjacent ISR plant. The panel flags a 30-million warrant overhang, serial commodity pivots, and thin cash, yet most agree the nano-cap valuation already prices much of the risk.

The Only Mine Standing: Antimony Resources [CSE: ATMY | OTC: ATMYF]

Antimony Resources' Bald Hill project targets 2.7 million tonnes at 3–4% Sb (antimony), with a maiden resource expected in Q4 2026. China controls over 70% of global antimony supply and cut off US exports in 2024, creating urgency for Western sources of this critical mineral. CEO Jim Atkinson previously led geology at the Lake George mine, once North America's only antimony producer, bringing relevant experience to Bald Hill.

Nevada's Greatest Silver Bonanza, Finally Consolidated — and Ready to Drill With Modern Equipment

• Top takeaway Dominic Frisby asks about Darwin Green's own background and the company's namesake John Mackay, and why mining stopped in such a rich district, drawing out the story of the fixed gold price, fragmented ownership and bimodal grades.
• He discloses he is already a shareholder, and in the wrap-up says the CEO tells a good story, that the whole district in Nevada is about as good as it gets, and that the summer sell-off looks like a good entry point.

MacKay Gold & Silver has consolidated most of Nevada's historic Comstock district, giving it a fully funded 20,000-metre drill program starting on the parallel Occidental-Brunswick structure. Higher calcite and a lower gold-to-silver ratio suggest the Occidental sits near the top of the epithermal system (one formed by hot mineral-rich fluids near surface), leaving untested bonanza-grade potential at depth. Shallow oxide drilling has already returned 25 metres at 13.5 grams per tonne gold; management targets outlining one to two million ounces within a year, with first assays around late summer. A USD$60 million financing at $1.40 delivered roughly two to three years of exploration runway, largely royalty-free ground, and a veteran expert panel that could not identify a fatal flaw.