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Lab Report | Aug 25 Daily Market Overview & Deep Dive on Goliath, Nine Mile, Westward, and Tectonic

CEO.CA Aug 26, 2026 45:52

Summary

Goliath Resources keeps expanding its Sherbet high-grade gold discovery in British Columbia's Golden Triangle, with zones growing larger on wide step-outs.

Nine Mile Metals intersects two VMS (volcanogenic massive sulfide) zones in one hole at the Bathurst Mining Camp, yet still trades like an unproven concept.

Westward Gold delivers more near-surface Carlin-type gold hits in Nevada, and the host calls its $81.64 million valuation cheap for a new discovery.

Tectonic Metals' secondary Black Creek target grades 5.09 grams per ton gold over 21 meters, hinting at a second gold center beside Chicken Mountain.

The host argues metal stocks still price gold at $2,000, sticking to his $5,500-$6,000 gold call as quantitative easing continues and officials intervene in bonds.

Key points on Tectonic Metals Inc

  • Drilling returned 5.09 g/t gold over 21 m at Black Creek, including 17.34 g/t over 6 m — a result the host calls attention-grabbing for a target roughly 4 km from the main Chicken Mountain area.
  • The host reads Black Creek as a possible second gold centre at the Flat project and wonders whether it connects at depth to Chicken Mountain, which he views as a future open-pit heap-leach mine.
  • In the company's release, Maggie Lehmann says mineralization tied to hornfels, mafic dikes and intrusion contacts is refining the geological model, with mineralization open in multiple directions and more assays pending.
  • The host sees Alpha Bowl as a possible high-grade extension of Chicken Mountain and estimates nearly 20 km of priority drill targets across the district on the map shown.
  • The stock has bounced from six-month lows near C$2 to about C$2.69 for a C$362 million valuation, and the host plots it midway into his Lassonde-curve sweet spot with takeover potential he puts near $800 million to a couple billion.

Scott Bessent's takeaways

  • Top takeaway The host says Treasury Secretary Bessent is talking about buying to press down the long end of the yield curve while also trying to prop up the yen carry trade.
  • The host adds that Bessent is threatening sanctions on countries doing business with Iran, and worries this is rattling the foreign buyers of US debt.

Mike Dufresne's takeaways

  • Top takeaway The host says Mike Dufresne and his Apex team advise Nine Mile Metals and that their input is paying off as the drilling progresses.
  • He has known Dufresne since their diamond-exploration days roughly 25 years ago and considers the Apex team very talented.

Stan Druckenmiller's takeaways

  • Top takeaway Cited by the host from an op-ed arguing that government attempts to manipulate markets never work and always fail.

Roger Rosmas's takeaways

  • Top takeaway Goliath's CEO says Surebet keeps passing the test in the 2026 drilling season, with large step-outs enlarging rather than cutting off the system.
  • He puts the high-grade footprint at 2.01 sq km and 800 m of vertical depth, a figure the host calls truly unique.

Allan Barry Laboucan's takeaways

  • Top takeaway Argues the debt-and-fiat system is broken, making gold, silver and copper the best place to be, and sees metals stocks still priced as if gold were about $2,000 and silver about $35.
  • Reaffirms his 2026 gold target of $5,500-$6,000 an ounce and repeats his 2024 long-term call of $20,000 gold within 10 years.
  • Reads gold's triple bottom and breaks through the 50- and 200-day moving averages as bullish, expects a golden cross within weeks, and watches this week's Jackson Hole conference as a possible catalyst.
  • Sees copper at 2026 record highs with room past $7 per pound on the next breakout, and silver through its 50-day average with the 200-day next.
  • Frames the show as idea generation rather than buy or sell advice, placing each featured junior on his Lassonde curve — Goliath about 20% up the left side, Nine Mile still conceptual.