Finding Opportunity in Junior Miners

Published on
June 18th, 2020
Duration
24 minutes

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32

Finding Opportunity in Junior Miners

The Expert View ·
Featuring Sean Fieler

Published on: June 18th, 2020 • Duration: 24 minutes

Sean Fieler, president and CIO of Equinox Partners, joins Real Vision to break down the opportunity he sees in the precious metals space – especially junior mining companies. He reveals his outlook for markets going forward given factors like government policy, social unrest, and COVID-19 to explain why he is positioned for a bull run in the precious metals space. He discusses the impact that central bank gold purchases, gold's behavior during times of crisis, and the dollar's recent moves will have on the future for the price of gold and shares of miners that are currently trading at a discount. Fieler also shares his process for choosing individual mining equities, and he reveals a few individual names he sees poised for healthy returns. Filmed on June 15, 2020.

Comments

Transcript

  • JE
    J E.
    22 June 2020 @ 20:32
    0 0
    What are the best index exposures here? I know GDXJ and SILJ are probably crap, but as the guest points out, picking winners can easily end in tears as well..
    • MG
      M G.
      4 July 2020 @ 20:32
      0 0
      Try the Gabelli AAA gold fund.
  • CL
    Christopher L.
    26 June 2020 @ 06:00
    3 0
    This fucking new model is garbage. I'm paying $300 a year for two sub par videos a week? Nothing is new.
  • ML
    Murali L.
    25 June 2020 @ 03:36
    0 0
    He says Dundee is trading for 4 times FCF. The FCF is about $35M and market cap is $1B. What am I missing?
  • DC
    Dave C.
    20 June 2020 @ 01:49
    2 0
    Solid interview. For those seeking investment targets, time spent conducting due diligence on https://twitter.com/MineraAlamos/status/1273825689578463233 would be time well spent IMHO. Disclosure - holder of stock.
    • DM
      Dean M.
      22 June 2020 @ 16:19
      0 0
      MAI is super! so is Sandstorm
  • KB
    Kevin B.
    22 June 2020 @ 11:25
    0 0
    You
  • WM
    Will M.
    21 June 2020 @ 14:08
    1 0
    Great interview. Reinforced my bias to have 5% of my investible assets in selected junior (in addition to my 25% gold silver metal holdings).
  • mB
    marc B.
    21 June 2020 @ 02:01
    3 0
    Really enjoyed Sean! Great insight. Amazed at how undervalued this sector is.
  • WC
    Wen C.
    20 June 2020 @ 11:53
    3 0
    I need subtitles please!
  • BS
    Bevyn S.
    18 June 2020 @ 20:53
    1 14
    Short gold miners
    • AP
      Ash P.
      19 June 2020 @ 23:42
      17 0
      Please. Go for it. Let us know how it work out for you.
  • SS
    S S.
    18 June 2020 @ 13:20
    18 0
    Sandstorm and Dundee Precious Metals are the two miners he mentions in this interview.
    • MS
      Michael S.
      18 June 2020 @ 14:03
      28 1
      Thanks! I'm an advocate for RV listing tickers in the summary of the videos, and making all that searchable. So I could search "SAND" and this video would come up.
    • DP
      Duane P.
      19 June 2020 @ 18:18
      1 0
      Michael, that's a good idea!
  • NK
    Nick K.
    19 June 2020 @ 12:00
    2 0
    Hi Sean, How can we find out more about Equinox Partners LP? Currently your website is restricted to login access only. Thanks
  • GS
    Greg S.
    18 June 2020 @ 18:31
    1 0
    Interesting price action in Dundee the last two days.
    • ly
      lena y.
      19 June 2020 @ 02:08
      1 0
      Dundee will be included in the TSX index(Toronto) June 22nd!
  • ml
    m l.
    18 June 2020 @ 15:01
    10 4
    Bitcoin, Cannabis, Junior Gold-miners - Real Vision 2020
    • PB
      PHILLIP B.
      18 June 2020 @ 20:23
      3 1
      And USD, and US02T/US05T/US10T, and emerging markets with good demographics (but not yet), and energy (but not yet).
    • DC
      Dave C.
      18 June 2020 @ 20:28
      15 2
      Real Vision 2016-2018 is far superior IMHO
  • AR
    Alexander R.
    18 June 2020 @ 14:00
    6 0
    Junior minors is a very risky sector in a generals risky business If gold goes up as I expect, miners will go up to and tide will ease all the boats As crazy as I sound the fundamentals probably do not matter much as in order to make money you need "generalists" To allocate money to the sector and money will flow to majors or GDX, gdxj etfs You could hear it multiple times from Ross Betty that market wants larger/ liquid miners as passive flow will go without any conciderartion for functionals And the risk you take with single junior mine goes well beyond just geology
    • DH
      Dale H.
      18 June 2020 @ 18:51
      4 0
      Gotta do your homework. I did, and Pure Gold Mining has been paying off for me in spades, and the mine isn't even ready to go into production until Q4!
  • RD
    Ruediger D.
    18 June 2020 @ 11:20
    2 1
    Great interview, I guess at least, as from what I understood. Due to the bad sound for a foreigner very hard to understand without subtitles.
    • TS
      Tom S.
      18 June 2020 @ 18:30
      3 0
      English is my native language, but I had difficulty comprehending as well. Likely poor mic location resulted in phase cancelations (multiple sonic reflections). Thankfully, we have the synced transcript – although at times it appears the sound baffled even the transcript’s author. I was impressed with Mr. Feiler’s insights, especially his specific detailing of ESG factor and specific country risks. But as I follow Marin Katsua’s work, Feiler was preaching to the converted.
  • RM
    Roberto M.
    18 June 2020 @ 18:21
    0 0
    Nice and insightful.
  • PQ
    Peter Q.
    18 June 2020 @ 18:06
    0 0
    Good talk. RV, your video sectioning and format is very commendable for getting the content from an interview and saving time.
  • PG
    Philippe G.
    18 June 2020 @ 17:32
    2 0
    Appreciate the breakdown of individual names and the why....I'm aware of the reasons most/some guests don't delve deeper like this. Thanks!
  • js
    john s.
    18 June 2020 @ 13:00
    5 2
    I don't think he's wearing any pants
    • AB
      Alastair B.
      18 June 2020 @ 15:13
      12 0
      You still do?
  • MB
    Mike B.
    18 June 2020 @ 11:13
    7 1
    The school of hard knocks. This guy has a good grasp of the sectors opportunities and many pitfalls. Well done!

Chapters

  1. 00:00:29
    What effect has your radically transparent investor letter from December had on your career?
  2. 00:01:25
    What is your market outlook?
  3. 00:02:24
    How do you approach constructing a precious metals portfolio?
  4. 00:03:11
    How do you find edge in the precious metals markets?
  5. 00:04:02
    Why buy precious metals and miners now?
  6. 00:05:27
    Gold in a Crisis
  7. 00:07:18
    How do you identify specific opportunities to add to your portfolio?
  8. 00:08:36
    Should retail investors concentrate or diversify within the precious metals space?
  9. 00:10:11
    How to Find Attractive Junior Miners
  10. 00:11:29
    What obstacles exist to investing in miners?
  11. 00:13:43
    What impact do passive investments have on the space?
  12. 00:16:03
    What impact does ESG have on your strategy?
  13. 00:17:28
    How often do ESG issues alter mining plans?
  14. 00:19:12
    What effect does US government policy on the dollar have on mining internationally?
  15. 00:20:57
    What is a company that you like and a company you don’t like?