Seizing Opportunities ($20k to $3M), Selling Discipline & Site Tour Insights: Powers & Leni Chat

Bill Powers and co-host Brian Leni get together for their monthly Junior Mining Insights talk. Silver has come back from about $115 to around $50, and the gold price has recently been trading below $4,000. The Fed and the Bank of Canada have both raised rates. Bill and Brian talk about why moments like this reward contrarian investors, how to stay disciplined on both the buy side and the sell side, and what Brian saw on his recent site visit to Element29 Resources’ Elida copper project in Peru. Bill and Brian also talk about lessons from an investor that turned $20k into $3M in a matter of weeks in 2020 contrasted with another speculator who turned a realized 20-bagger into zero. Listen and enjoy!

00:00 Intro

00:17 Silver Cycle Reset

02:45 Tax Loss Selling

04:19 Staying Confident

08:20 Selling Discipline

12:38 Timing the Next Leg

14:42 $20k to $3M

19:54 20-bagger to Zero

21:16 Overallocation Lessons

23:19 Financing Quality Signals

25:46 Who You Raise From

33:23 E29 Peru Site Tour

41:28 Peru Politics Risk

49:07 Ross Beaty’s jurisdictional long-term mindset