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Lab Report | Aug 12 Daily Market Overview & Deep Dive on Nine Mile, Generation Mining, Algo Grande

CEO.CA Aug 12, 2026 50:24

Summary

A failing yen intervention and a stressed debt system are the host's core evidence that gold, silver, and copper stay in long-term bull markets.

Gold triple-bottomed near $4,000 and broke out toward the host's $5,500-$6,000 year-end target; silver is breaking out after correcting to about $59.

Copper entered a supply deficit as Chilean output struggles and AI data centers, grid upgrades, and electrification keep building demand.

Nine Mile Metals intersected 3.49% copper equivalent (copper, zinc, gold, silver combined) over 24.55 meters in New Brunswick's Bathurst mining camp.

Generation Mining's Marathon capital costs are bidding at or below feasibility estimates; visible bornite in Algo Grande's Sonora core flags assays due in weeks.

Mike Dufresne's takeaways

  • Top takeaway The host says that since Mike Dufresne of Apex Geoscience became involved with Nine Mile Metals, he has seen a real step change in the company's target picking and the drill results coming from it.
  • He describes Dufresne as a sharp geoscientist he has known for many years, going back to diamond exploration, with a strong team at Apex.

Enrico Gay's takeaways

  • Top takeaway Algo Grande CEO Enrico Gay argues Hole 2's expanded copper zone and Hole 3's extensive new interval are building a compelling case for the scale at Cerro Grande, while cautioning the system is still early in testing.
  • He expects assays from the drill program to start coming out in the next few weeks, kicking off a steady flow of results from ALS.

Allan Barry Laboucan's takeaways

  • Top takeaway The host argues the failed yen intervention and multi-year-high 10-year yields expose a broken fiat currency and debt system, and he is sticking with his start-of-year gold call of $5,500-6,000, expecting the year to finish closer to $6,000.
  • He is bullish gold, silver and copper on multi-year supply deficits - silver short about 25% of annual production going on six years, copper in a deficit year with a strained supply chain - against rising demand from AI data centers, EVs and grid upgrades.
  • He contends metals miners, developers and explorers are still priced as if the metals were in a bear market when they are in long-term bull markets, a contrast he calls a wonderful opportunity.
  • On the show's names, he calls Nine Mile's $18.43 million valuation very cheap, sees Generation Mining valued like the bottom of the feasibility stage of the Lassonde curve, and plans a small flyer position in Algo Grande ahead of assays.
  • He expects crude oil to trend from $80 to over $100 once the war ends because of lasting supply-chain damage, and says bond-vigilante yield pressure keeps the Dow, S&P 500 and Nasdaq stretched and risk-off.