Note: Incomplete comment because I decided to cancel the comment part way through typing, but the damn thing posted anyway.

Hi Andre, Thanks for the feedback, always looking to improve. I can assure you both Warren and I did our homework. We spoke extensively beforehand and he went so far as to prepare notes, which not everyone does. This interview was mostly billed as trying to avoid mistakes and scams which I think it delivered on. To try and answer your questions... 1) He basically said it depends because you are never going to get exactly what you want. The main takeaway on that front for me was he likes potential takeover opportunities for majors. I’d say looking at the profile of different purchases by majors historically would be a good place to start 2) Corporate communications, conferences, online chat rooms, financial reports, were all mentioned along with straight up knowing the right guys. The amount of the issue that comes down to the last point about knowing the right guys is massive. It might seem as though that doesn’t help your average investor but I’d argue the takeaway should be about how you are in fact disadvantaged in niche sectors where this kind of behavior is common. That doesn’t mean avoid the sector but knowing that others are privileged to info you don’t have can be helpful. With all that being said I’m interviewing Adam Rozencwajg on Friday. He’s another natural resources investor who along with his partner Leigh ran the $3 Billion Chilton Natural Resources Fund. Your first question is the entire focus of the interview. I'll make sure to get a solid answer.

This is to Max regarding " It might seem as though that doesn’t help your average investor but I’d argue the takeaway should be about how you are in fact disadvantaged in niche sectors where this kind of behavior is common. That doesn’t mean avoid the sector but knowing that others are privileged to info you don’t have can be helpful." - Yeah that was my takeaway. As an average Joe I won't have the edge that is needed to succeed here consistently.

I can name a bunch of them, but I would rather not spend my days getting sued. Keep your eyes open for many of the things I pointed out and you should be able to recognize them before too long. My lessons cost me a lot of money, so use them as a starting point. Good luck!

thank you so much as i am sure i will make similar mistakes. your interview was and is a gold mine with pun intended.

He’s your favorite band’s favorite band. The Velvet Underground of hedge funds.

Sorry, I don’t have much to add here other than to say the short seller report and NovaGold’s response can be found easily on Google.

We are also going to post Warren's full list of 35 things to watch out for when investing in junior gold miners. He is updating his list for us. We will post a link in the description as soon as it is ready.

Here is the link to Warren's list of 56 things to watch out for https://rvtv.io/2FDCkA6

I'm afraid that isn't true. There are certainly private mining companies in the world and many publicly traded companies were private at one point but there are tons of publicly traded juniors. $GDXJ is an ETF devoted to junior miners with 79 current holdings. ETF names are not perfect so I'd be skeptical that all 79 could be classified as "junior" miners. There are many more juniors which are not in the ETF. https://www.vaneck.com/etf/equity/gdxj/holdings/

Thanks Gloria!