Don Duret

Silver47 Exploration ($AGA | $AAGAF) on Red Mountain's Critical Mineral Potential & Path to 2027 PEA

A 22-cent EV per ounce on Silver47 Exploration's 246M silver-equivalent ounces screens 2-10x below peers like Blackrock Silver, framing a clear valuation gap. The CEO argues most ounces are inferred, but three high-grade US projects (Red Mountain, Hughes, Mogollon) underpin a 1B-oz aspiration and a 2027 PEA. With $45M Canadian in working capital and four rigs running, Silver47 plans roughly 20,000 meters of 2026 drilling across Alaska, Nevada, and New Mexico. Co-hosts Don Duret and John Fenwick frame a deep correction in US silver developers as a contrarian bottom-fishing setup before a potential second leg up. Near-term producers like 1911 Gold, Denarius, and LaHontan anchor a broader US silver thesis alongside Silver47, all riding a bipartisan critical-mineral policy tailwind.

GoGold Resources ($GGD | $GLGDF): CEO Bradley Langille on Building the Los Ricos Property in Mexico

• Top takeaway Don presents gold and silver support levels (gold 3,900 with downside risk to 3,500, silver possibly retesting 50) and advocates buying dips during the seasonally weak summer window ahead of a Q4 melt-up.

Los Ricos South targets first pour in 2028, fully funded with $284M cash against $227M capex and no major equity raise. At roughly $12/oz AISC — what it really costs to produce an ounce — Los Ricos South sits in the top decile of global silver developers. CEO Bradley Langille plans parallel tracks: Los Ricos South into production by 2028, Los Ricos North from PEA to permit by Q1 next year. Langille expects Mexico's open-pit permitting to accelerate under President Scheinbaum, who is methodically clearing the inherited backlog of about 100 operational permits. The Parral operating mine plus copper and zinc byproduct sales generate roughly $60M/yr free cashflow to internally fund Los Ricos development.

A New Copper Discovery: Visionary Copper and Gold ($VCG | $VCGMF) on the Kraken Zone

• Top takeaway He calls silver's break below $60 the week's big story but says the precious-metals bull market stays intact as long as silver holds above $50.
• He reads the sell-off as a correction within a bull market — gold dipped below $4,000 before closing back above it, down 27% from its high, with the HUI down 33% — and sees no breakdown unless gold loses $3,000, with a worst case around $3,700-3,800.
• He argues gold is trapped below its roughly $5,600 high until the stock market rolls over, and expects another dip in July and again around August-September, each of which he'll buy.
• He sees the S&P 500 at 7,350 facing three paths — up toward 7,500, ranging between 7,000 and 7,500, or breaking down — and is simply accumulating stocks, using corrections as buying opportunities.
• His verdict on Visionary: a project with 'a ton of potential' — likely a million-ounce, economic gold project plus a 30,000-hectare exploration district — but it was under his radar, so he'll study it and likely add it to his Beaver Creek list.

Visionary Copper and Gold's Kraken discovery — a copper stringer zone in Point Leamington's footwall — anchors a plan to more than double its pit-constrained resource. The CEO argues VMS (volcanogenic massive sulfide — seafloor-formed metal deposits) endowment often sits in the footwall stringer zone, not the lens. A roughly 20,000-meter phase two campaign aims to grow Point Leamington from 20 million toward 40-plus million tons while upgrading inferred material to indicated. Management defers economic studies until resource growth and metallurgical work finish, arguing fixed infrastructure should never sit over a future pit extension. The hosts frame the sharp gold and silver correction as a buying opportunity, citing a historical buy-in-November, sell-in-Q1 seasonal pattern.