May 21, 2026
Here’s what was covered in episode 365:
Macro Musings - The episode opened with markets reacting to yet another apparent Iran agreement, with gold reversing after briefly piercing the $4,500 level and closing around $4,542, while silver bounced back near $77. Oil also backed off from the $105–$106 range to roughly $97 as ships began moving through the Strait again and the dollar eased back toward 99. Gerardo framed the moment with relief, noting that any de-escalation is welcome if it avoids further U.S. casualties, drains less from the Treasury, and keeps America out of a ground war that would be anything but simple.
Nick broadened the macro picture, noting that while oil and energy have rolled over, the impact from the prior shock is still working through the economy. CPI is likely headed above 4% as higher commodity and energy inputs filter into the data, creating a difficult backdrop for the new Fed chair. Bond yields remain elevated, with the 30-year near levels last seen around 2007 and the 10-year also still high. Markets are not pricing in meaningful rate cuts for the rest of the year, with the next meaningful probability skewing closer to a possible hike than an imminent cut.
That rate backdrop continues to pressure the precious metals. Gold briefly broke below near-term support, while silver weakened more materially from the low $80s into the low $70s before bouncing. Nick said the stronger dollar and higher bond yields remain short-term headwinds for gold and silver, while base metals have held up better. Copper remains strong above $6, lithium has held up well, and uranium has pulled back enough that Nick sees opportunities beginning to emerge again in the space.
Equities remain a different story. The VIX is quiet, Nvidia earnings helped lift the market, and the broader stock market remains largely constructive despite macro confusion, war headlines, and the inflation still coming through the system. Both hosts agreed that this remains a difficult environment to read cleanly, with repeated ceasefires, victories, reversals, and market swings making it a day-by-day exercise.
Market Takes - The market is becoming increasingly selective in the junior resource space. Gerardo contrasted two recent reactions: one company with solid first-pass results was sold off 25%–30% on heavy volume, while another surged roughly 27% after higher-grade results. His takeaway was that the market is rewarding high grade and punishing anything perceived as merely solid, even when the results are geologically encouraging and part of a larger system.
Nick named the first company as Daura Gold (TSX-V: DGC)(OTC: DGCOF), which reported results from Cerro Bayo in Argentina. While the market sold the stock down, both Nick and Gerardo viewed the results positively. They highlighted multiple silver and gold intercepts, shallow mineralization, visible silver, hits across the program, and the fact that both Daura and project vendor Latin Metals (TSX-V: LMS)(OTC: LMSQF) remain enthusiastic enough to move toward Phase 2 drilling. Gerardo emphasized that this was a limited first-pass drill program, not a definitive test of the entire system, and that the company now has a better handle on how to vector into higher-grade portions of the project.
The counterexample was Gladiator Metals (TSX-V: GLAD)(OTC: GDTRF), which the market rewarded aggressively after strong results from its Whitehorse copper project in Yukon. Nick highlighted shallow, high-grade copper-gold-silver intercepts from the Cub East discovery, including 28 meters of 1.57% copper, 0.5 g/t gold, and 16.86 g/t silver, along with additional strong copper-gold hits. Gladiator is in the middle of a 45,000-meter drill program and appears to be successfully proving up new discovery potential around a past-producing copper system.
The broader lesson was clear: good results still matter, but in this market, the best results are getting the bids. Copper remains better supported than precious metals in the short term, and the market is especially interested in projects with grade, scale, infrastructure, and clear follow-up catalysts. Gerardo also noted that upcoming exploration in James Bay, Saskatchewan, Canada, and the U.S. could make for a strong summer campaign if companies deliver the kind of results the market wants.
Bizarro Banter - The banter centered on political corruption, foreign influence, and the open-air absurdity of the current moment. Gerardo spent considerable time on Thomas Massie’s loss in Kentucky, framing it as a major example of outside money overwhelming a principled constitutional conservative. He noted that Massie had been one of the few Republican voices pushing back on the Iran war and calling for the Epstein files to be released, while outside lobbying money — including heavy support from AIPAC — helped fund what became one of the most expensive congressional races in U.S. history.
Nick agreed that Massie’s defeat was disheartening, particularly because he attracted respect from libertarian-leaning voters across the spectrum and consistently voted with the Constitution rather than party leadership. Both hosts framed the outcome as another sign of the “uniparty” protecting itself, especially when candidates challenge war policy, foreign influence, or sealed-off scandals like Epstein. Gerardo added that the race also included a large number of mail-in ballots and argued that foreign lobbying money, donor pressure, and the anti-Epstein-files faction were decisive forces in removing Massie.
The conversation then turned to corruption inside the administration. Gerardo criticized RJ Reynolds’ donation to the White House followed by loosening pressure around flavored vape restrictions, arguing that it showed how cheaply policy could be influenced. He then moved to Trump’s lawsuit against his own IRS and the reported settlement framework that would create a “weaponization fund” funded by taxpayers. Gerardo’s concern was that the fund could end up paying political allies, January 6 defendants, informants, or others claiming persecution, while also insulating Trump and his family from future audits or prosecutions. Nick added that reports of Trump trading stocks tied to policies he can influence only deepen the sense of open abuse of power. He compared it to Biden protecting his son, but argued that this version is broader, more brazen, and directly connected to taxpayer money and institutional power.
The two then took a lighter but still very Bizarro detour into “top 1% vaginas,” Bryan Johnson’s girlfriend, vaginal microbiome testing startup Evvy, and how a viral tweet drove a reported spike in sales. That led into a discussion of paid influencers, undisclosed political advertising, and “breaking news” fire-emoji posts that can reportedly cost $15,000 each while skirting normal disclosure rules.
Nick closed the non-premium section with two important notes. First, he warned listeners about NatGold, a token project claiming to turn uneconomic gold-in-the-ground assets into a store of value. Nick called the concept deeply suspect because it assigns value to subeconomic or abandoned deposits that real mining companies could not justify developing. Second, he described a new long report for paid members of Investing in Bizarro World Live based on permanent portfolio theory, Harry Browne, Bridgewater, Porter Stansberry, and several ETF-based “fail-safe portfolio” templates adapted for the current Bizarro World environment. You can read that report here.
Premium Portfolio Picks - The premium section started with Perpetua Resources (NASDAQ: PPTA)(TSX: PPTA), which Gerardo highlighted after the company received a $2.9 billion loan from the U.S. government to fund mine construction. Gerardo argued that Perpetua is now permitted, funded, high-grade, low-cost, and highly strategic because of its gold and antimony exposure. In his view, the question is no longer whether the project gets built, but who ultimately buys it, because he does not believe Paulson and friends will simply build it out and ride the profits long term.
That led directly into PMET Resources (TSX: PMET)(OTC: PMETF). Gerardo tied PMET’s recent letters of interest from Canadian, German, and corporate financing groups to the same strategic funding path now playing out at Perpetua. He reiterated that PMET is no longer just one of the best lithium projects in North America, but likely one of the best critical-metals development stories in the entire sector, with lithium, cesium, tantalum, and other strategic value. He also noted continued interest from Volkswagen, Albemarle, and government-backed financing groups.
Nick connected the Perpetua and PMET discussion back to MineHub Technologies (TSX-V: MHUB)(OTC: MHUBF) and ABAXX Technologies. Jeff Currie recently joined ABAXX as co-chairman, and ABAXX began trading on the TSX while also launching physically-backed silver futures on the Singapore Exchange. Nick explained that ABAXX is trying to disrupt legacy metals exchanges with physically-backed contracts, while MineHub provides the transparency and tracking tools needed for assays, shipments, letters of credit, concentrate movement, and commodity financing. ABAXX already owns 19.9% of MineHub, making it the natural potential acquirer if the price is right.
Nick also reiterated interest in GreenLight Metals (TSX-V: GRL)(OTC: GRLMF), which is drilling in Wisconsin with two rigs on site. He recently visited the project and noted that GreenLight is producing the kind of high-grade gold and copper results that the market is currently rewarding, in a North American jurisdiction with real infrastructure and strategic metals relevance.
Gerardo closed with Kincora Copper (TSX-V: KCC)(OTC: BZDLF), which he described as a compelling speculation after the company optioned a non-core Mongolian asset for US$10 million package. With multiple drill programs either underway or about to begin in Australia, strong technical leadership, prior support from names like Rick Rule and Jeff Phillips, and the potential to be sitting on roughly $20 million in cash if the deal plays out, Gerardo sees Kincora as a high-quality junior copper speculation in a strong commodity cycle. He also reiterated that Gladiator, GreenLight, Daura, PMET, and Perpetua are all worth watching as the commodity supercycle continues to unfold.
May 21, 2026
Here’s what was covered in episode 365:
Macro Musings - The episode opened with markets reacting to yet another apparent Iran agreement, with gold reversing after briefly piercing the $4,500 level and closing around $4,542, while silver bounced back near $77. Oil also backed off from the $105–$106 range to roughly $97 as ships began moving through the Strait again and the dollar eased back toward 99. Gerardo framed the moment with relief, noting that any de-escalation is welcome if it avoids further U.S. casualties, drains less from the Treasury, and keeps America out of a ground war that would be anything but simple.
Nick broadened the macro picture, noting that while oil and energy have rolled over, the impact from the prior shock is still working through the economy. CPI is likely headed above 4% as higher commodity and energy inputs filter into the data, creating a difficult backdrop for the new Fed chair. Bond yields remain elevated, with the 30-year near levels last seen around 2007 and the 10-year also still high. Markets are not pricing in meaningful rate cuts for the rest of the year, with the next meaningful probability skewing closer to a possible hike than an imminent cut.
That rate backdrop continues to pressure the precious metals. Gold briefly broke below near-term support, while silver weakened more materially from the low $80s into the low $70s before bouncing. Nick said the stronger dollar and higher bond yields remain short-term headwinds for gold and silver, while base metals have held up better. Copper remains strong above $6, lithium has held up well, and uranium has pulled back enough that Nick sees opportunities beginning to emerge again in the space.
Equities remain a different story. The VIX is quiet, Nvidia earnings helped lift the market, and the broader stock market remains largely constructive despite macro confusion, war headlines, and the inflation still coming through the system. Both hosts agreed that this remains a difficult environment to read cleanly, with repeated ceasefires, victories, reversals, and market swings making it a day-by-day exercise.
Market Takes - The market is becoming increasingly selective in the junior resource space. Gerardo contrasted two recent reactions: one company with solid first-pass results was sold off 25%–30% on heavy volume, while another surged roughly 27% after higher-grade results. His takeaway was that the market is rewarding high grade and punishing anything perceived as merely solid, even when the results are geologically encouraging and part of a larger system.
Nick named the first company as Daura Gold (TSX-V: DGC)(OTC: DGCOF), which reported results from Cerro Bayo in Argentina. While the market sold the stock down, both Nick and Gerardo viewed the results positively. They highlighted multiple silver and gold intercepts, shallow mineralization, visible silver, hits across the program, and the fact that both Daura and project vendor Latin Metals (TSX-V: LMS)(OTC: LMSQF) remain enthusiastic enough to move toward Phase 2 drilling. Gerardo emphasized that this was a limited first-pass drill program, not a definitive test of the entire system, and that the company now has a better handle on how to vector into higher-grade portions of the project.
The counterexample was Gladiator Metals (TSX-V: GLAD)(OTC: GDTRF), which the market rewarded aggressively after strong results from its Whitehorse copper project in Yukon. Nick highlighted shallow, high-grade copper-gold-silver intercepts from the Cub East discovery, including 28 meters of 1.57% copper, 0.5 g/t gold, and 16.86 g/t silver, along with additional strong copper-gold hits. Gladiator is in the middle of a 45,000-meter drill program and appears to be successfully proving up new discovery potential around a past-producing copper system.
The broader lesson was clear: good results still matter, but in this market, the best results are getting the bids. Copper remains better supported than precious metals in the short term, and the market is especially interested in projects with grade, scale, infrastructure, and clear follow-up catalysts. Gerardo also noted that upcoming exploration in James Bay, Saskatchewan, Canada, and the U.S. could make for a strong summer campaign if companies deliver the kind of results the market wants.
Bizarro Banter - The banter centered on political corruption, foreign influence, and the open-air absurdity of the current moment. Gerardo spent considerable time on Thomas Massie’s loss in Kentucky, framing it as a major example of outside money overwhelming a principled constitutional conservative. He noted that Massie had been one of the few Republican voices pushing back on the Iran war and calling for the Epstein files to be released, while outside lobbying money — including heavy support from AIPAC — helped fund what became one of the most expensive congressional races in U.S. history.
Nick agreed that Massie’s defeat was disheartening, particularly because he attracted respect from libertarian-leaning voters across the spectrum and consistently voted with the Constitution rather than party leadership. Both hosts framed the outcome as another sign of the “uniparty” protecting itself, especially when candidates challenge war policy, foreign influence, or sealed-off scandals like Epstein. Gerardo added that the race also included a large number of mail-in ballots and argued that foreign lobbying money, donor pressure, and the anti-Epstein-files faction were decisive forces in removing Massie.
The conversation then turned to corruption inside the administration. Gerardo criticized RJ Reynolds’ donation to the White House followed by loosening pressure around flavored vape restrictions, arguing that it showed how cheaply policy could be influenced. He then moved to Trump’s lawsuit against his own IRS and the reported settlement framework that would create a “weaponization fund” funded by taxpayers. Gerardo’s concern was that the fund could end up paying political allies, January 6 defendants, informants, or others claiming persecution, while also insulating Trump and his family from future audits or prosecutions. Nick added that reports of Trump trading stocks tied to policies he can influence only deepen the sense of open abuse of power. He compared it to Biden protecting his son, but argued that this version is broader, more brazen, and directly connected to taxpayer money and institutional power.
The two then took a lighter but still very Bizarro detour into “top 1% vaginas,” Bryan Johnson’s girlfriend, vaginal microbiome testing startup Evvy, and how a viral tweet drove a reported spike in sales. That led into a discussion of paid influencers, undisclosed political advertising, and “breaking news” fire-emoji posts that can reportedly cost $15,000 each while skirting normal disclosure rules.
Nick closed the non-premium section with two important notes. First, he warned listeners about NatGold, a token project claiming to turn uneconomic gold-in-the-ground assets into a store of value. Nick called the concept deeply suspect because it assigns value to subeconomic or abandoned deposits that real mining companies could not justify developing. Second, he described a new long report for paid members of Investing in Bizarro World Live based on permanent portfolio theory, Harry Browne, Bridgewater, Porter Stansberry, and several ETF-based “fail-safe portfolio” templates adapted for the current Bizarro World environment. You can read that report here.
Premium Portfolio Picks - The premium section started with Perpetua Resources (NASDAQ: PPTA)(TSX: PPTA), which Gerardo highlighted after the company received a $2.9 billion loan from the U.S. government to fund mine construction. Gerardo argued that Perpetua is now permitted, funded, high-grade, low-cost, and highly strategic because of its gold and antimony exposure. In his view, the question is no longer whether the project gets built, but who ultimately buys it, because he does not believe Paulson and friends will simply build it out and ride the profits long term.
That led directly into PMET Resources (TSX: PMET)(OTC: PMETF). Gerardo tied PMET’s recent letters of interest from Canadian, German, and corporate financing groups to the same strategic funding path now playing out at Perpetua. He reiterated that PMET is no longer just one of the best lithium projects in North America, but likely one of the best critical-metals development stories in the entire sector, with lithium, cesium, tantalum, and other strategic value. He also noted continued interest from Volkswagen, Albemarle, and government-backed financing groups.
Nick connected the Perpetua and PMET discussion back to MineHub Technologies (TSX-V: MHUB)(OTC: MHUBF) and ABAXX Technologies. Jeff Currie recently joined ABAXX as co-chairman, and ABAXX began trading on the TSX while also launching physically-backed silver futures on the Singapore Exchange. Nick explained that ABAXX is trying to disrupt legacy metals exchanges with physically-backed contracts, while MineHub provides the transparency and tracking tools needed for assays, shipments, letters of credit, concentrate movement, and commodity financing. ABAXX already owns 19.9% of MineHub, making it the natural potential acquirer if the price is right.
Nick also reiterated interest in GreenLight Metals (TSX-V: GRL)(OTC: GRLMF), which is drilling in Wisconsin with two rigs on site. He recently visited the project and noted that GreenLight is producing the kind of high-grade gold and copper results that the market is currently rewarding, in a North American jurisdiction with real infrastructure and strategic metals relevance.
Gerardo closed with Kincora Copper (TSX-V: KCC)(OTC: BZDLF), which he described as a compelling speculation after the company optioned a non-core Mongolian asset for US$10 million package. With multiple drill programs either underway or about to begin in Australia, strong technical leadership, prior support from names like Rick Rule and Jeff Phillips, and the potential to be sitting on roughly $20 million in cash if the deal plays out, Gerardo sees Kincora as a high-quality junior copper speculation in a strong commodity cycle. He also reiterated that Gladiator, GreenLight, Daura, PMET, and Perpetua are all worth watching as the commodity supercycle continues to unfold.
May 21, 2026
Here’s what was covered in episode 365:
Macro Musings - The episode opened with markets reacting to yet another apparent Iran agreement, with gold reversing after briefly piercing the $4,500 level and closing around $4,542, while silver bounced back near $77. Oil also backed off from the $105–$106 range to roughly $97 as ships began moving through the Strait again and the dollar eased back toward 99. Gerardo framed the moment with relief, noting that any de-escalation is welcome if it avoids further U.S. casualties, drains less from the Treasury, and keeps America out of a ground war that would be anything but simple.
Nick broadened the macro picture, noting that while oil and energy have rolled over, the impact from the prior shock is still working through the economy. CPI is likely headed above 4% as higher commodity and energy inputs filter into the data, creating a difficult backdrop for the new Fed chair. Bond yields remain elevated, with the 30-year near levels last seen around 2007 and the 10-year also still high. Markets are not pricing in meaningful rate cuts for the rest of the year, with the next meaningful probability skewing closer to a possible hike than an imminent cut.
That rate backdrop continues to pressure the precious metals. Gold briefly broke below near-term support, while silver weakened more materially from the low $80s into the low $70s before bouncing. Nick said the stronger dollar and higher bond yields remain short-term headwinds for gold and silver, while base metals have held up better. Copper remains strong above $6, lithium has held up well, and uranium has pulled back enough that Nick sees opportunities beginning to emerge again in the space.
Equities remain a different story. The VIX is quiet, Nvidia earnings helped lift the market, and the broader stock market remains largely constructive despite macro confusion, war headlines, and the inflation still coming through the system. Both hosts agreed that this remains a difficult environment to read cleanly, with repeated ceasefires, victories, reversals, and market swings making it a day-by-day exercise.
Market Takes - The market is becoming increasingly selective in the junior resource space. Gerardo contrasted two recent reactions: one company with solid first-pass results was sold off 25%–30% on heavy volume, while another surged roughly 27% after higher-grade results. His takeaway was that the market is rewarding high grade and punishing anything perceived as merely solid, even when the results are geologically encouraging and part of a larger system.
Nick named the first company as Daura Gold (TSX-V: DGC)(OTC: DGCOF), which reported results from Cerro Bayo in Argentina. While the market sold the stock down, both Nick and Gerardo viewed the results positively. They highlighted multiple silver and gold intercepts, shallow mineralization, visible silver, hits across the program, and the fact that both Daura and project vendor Latin Metals (TSX-V: LMS)(OTC: LMSQF) remain enthusiastic enough to move toward Phase 2 drilling. Gerardo emphasized that this was a limited first-pass drill program, not a definitive test of the entire system, and that the company now has a better handle on how to vector into higher-grade portions of the project.
The counterexample was Gladiator Metals (TSX-V: GLAD)(OTC: GDTRF), which the market rewarded aggressively after strong results from its Whitehorse copper project in Yukon. Nick highlighted shallow, high-grade copper-gold-silver intercepts from the Cub East discovery, including 28 meters of 1.57% copper, 0.5 g/t gold, and 16.86 g/t silver, along with additional strong copper-gold hits. Gladiator is in the middle of a 45,000-meter drill program and appears to be successfully proving up new discovery potential around a past-producing copper system.
The broader lesson was clear: good results still matter, but in this market, the best results are getting the bids. Copper remains better supported than precious metals in the short term, and the market is especially interested in projects with grade, scale, infrastructure, and clear follow-up catalysts. Gerardo also noted that upcoming exploration in James Bay, Saskatchewan, Canada, and the U.S. could make for a strong summer campaign if companies deliver the kind of results the market wants.
Bizarro Banter - The banter centered on political corruption, foreign influence, and the open-air absurdity of the current moment. Gerardo spent considerable time on Thomas Massie’s loss in Kentucky, framing it as a major example of outside money overwhelming a principled constitutional conservative. He noted that Massie had been one of the few Republican voices pushing back on the Iran war and calling for the Epstein files to be released, while outside lobbying money — including heavy support from AIPAC — helped fund what became one of the most expensive congressional races in U.S. history.
Nick agreed that Massie’s defeat was disheartening, particularly because he attracted respect from libertarian-leaning voters across the spectrum and consistently voted with the Constitution rather than party leadership. Both hosts framed the outcome as another sign of the “uniparty” protecting itself, especially when candidates challenge war policy, foreign influence, or sealed-off scandals like Epstein. Gerardo added that the race also included a large number of mail-in ballots and argued that foreign lobbying money, donor pressure, and the anti-Epstein-files faction were decisive forces in removing Massie.
The conversation then turned to corruption inside the administration. Gerardo criticized RJ Reynolds’ donation to the White House followed by loosening pressure around flavored vape restrictions, arguing that it showed how cheaply policy could be influenced. He then moved to Trump’s lawsuit against his own IRS and the reported settlement framework that would create a “weaponization fund” funded by taxpayers. Gerardo’s concern was that the fund could end up paying political allies, January 6 defendants, informants, or others claiming persecution, while also insulating Trump and his family from future audits or prosecutions. Nick added that reports of Trump trading stocks tied to policies he can influence only deepen the sense of open abuse of power. He compared it to Biden protecting his son, but argued that this version is broader, more brazen, and directly connected to taxpayer money and institutional power.
The two then took a lighter but still very Bizarro detour into “top 1% vaginas,” Bryan Johnson’s girlfriend, vaginal microbiome testing startup Evvy, and how a viral tweet drove a reported spike in sales. That led into a discussion of paid influencers, undisclosed political advertising, and “breaking news” fire-emoji posts that can reportedly cost $15,000 each while skirting normal disclosure rules.
Nick closed the non-premium section with two important notes. First, he warned listeners about NatGold, a token project claiming to turn uneconomic gold-in-the-ground assets into a store of value. Nick called the concept deeply suspect because it assigns value to subeconomic or abandoned deposits that real mining companies could not justify developing. Second, he described a new long report for paid members of Investing in Bizarro World Live based on permanent portfolio theory, Harry Browne, Bridgewater, Porter Stansberry, and several ETF-based “fail-safe portfolio” templates adapted for the current Bizarro World environment. You can read that report here.
Premium Portfolio Picks - The premium section started with Perpetua Resources (NASDAQ: PPTA)(TSX: PPTA), which Gerardo highlighted after the company received a $2.9 billion loan from the U.S. government to fund mine construction. Gerardo argued that Perpetua is now permitted, funded, high-grade, low-cost, and highly strategic because of its gold and antimony exposure. In his view, the question is no longer whether the project gets built, but who ultimately buys it, because he does not believe Paulson and friends will simply build it out and ride the profits long term.
That led directly into PMET Resources (TSX: PMET)(OTC: PMETF). Gerardo tied PMET’s recent letters of interest from Canadian, German, and corporate financing groups to the same strategic funding path now playing out at Perpetua. He reiterated that PMET is no longer just one of the best lithium projects in North America, but likely one of the best critical-metals development stories in the entire sector, with lithium, cesium, tantalum, and other strategic value. He also noted continued interest from Volkswagen, Albemarle, and government-backed financing groups.
Nick connected the Perpetua and PMET discussion back to MineHub Technologies (TSX-V: MHUB)(OTC: MHUBF) and ABAXX Technologies. Jeff Currie recently joined ABAXX as co-chairman, and ABAXX began trading on the TSX while also launching physically-backed silver futures on the Singapore Exchange. Nick explained that ABAXX is trying to disrupt legacy metals exchanges with physically-backed contracts, while MineHub provides the transparency and tracking tools needed for assays, shipments, letters of credit, concentrate movement, and commodity financing. ABAXX already owns 19.9% of MineHub, making it the natural potential acquirer if the price is right.
Nick also reiterated interest in GreenLight Metals (TSX-V: GRL)(OTC: GRLMF), which is drilling in Wisconsin with two rigs on site. He recently visited the project and noted that GreenLight is producing the kind of high-grade gold and copper results that the market is currently rewarding, in a North American jurisdiction with real infrastructure and strategic metals relevance.
Gerardo closed with Kincora Copper (TSX-V: KCC)(OTC: BZDLF), which he described as a compelling speculation after the company optioned a non-core Mongolian asset for US$10 million package. With multiple drill programs either underway or about to begin in Australia, strong technical leadership, prior support from names like Rick Rule and Jeff Phillips, and the potential to be sitting on roughly $20 million in cash if the deal plays out, Gerardo sees Kincora as a high-quality junior copper speculation in a strong commodity cycle. He also reiterated that Gladiator, GreenLight, Daura, PMET, and Perpetua are all worth watching as the commodity supercycle continues to unfold.