Michael Hudson of Hannan Metals Ltd. presents at Metals Investor Forum in Vancouver | Sep 2026
Metals Investor Forum Sep 25, 2026 10:53
Summary
Hannan's Peru target spans 5×5 km but only ~1% has been drill-tested — surface trench grades (135 m at 1.3 g/t Au) point to a potential district-scale system.
Permitting friction is a real risk: Peru is taking years, which is why the team added Sweden to keep drill news flowing.
Two layers of major-miner validation back the thesis: Teck is a long-term Hannan shareholder and Rio Tinto is now staking adjacent Peruvian ground.
Sweden delivered fast — a discovery at Starvatresk returned 60 m at ~1 g/t with 20-30 g/t veins within weeks of drilling.
The capital structure ($100M cap, no warrants, tight insider holdings) is positioned so a single discovery could move the stock sharply.
Michael Hudson's takeaways
- Top takeaway Hudson pitches Hannan as a tightly-held, well-funded first mover in a brand-new alkaline gold / porphyry copper district in Peru's high jungle, comparing PreVisto's 5x5 km footprint in scale to multi-million-ounce alkaline gold analogues and arguing the system could host 'tens, if not 20, 30 million ounce' potential once drilled.
- He argues Sweden is a deliberate hedge against slow Peru permitting, pointing to a fast, low-cost discovery at Starvatresk (roughly 1,000 m drilled within weeks of getting on the ground, 60 m at 1 g/t over a 700 m trend with high-grade 20-30 g/t veins) and an undrilled 7-8 km Edelforche trend with 1700s-era high-grade mining, with the rig returning in October.
- He leans heavily on capital-structure credibility — about a $100M market cap, money in the bank, no warrants, insider and long-term high-net-worth ownership — and on Teck's equity stake as validation, telling investors to expect constant news flow and discoveries in both jurisdictions within 6-9 months.