The Formula For Building Wealth | Paul Matysek

It's a pleasure. Yeah. So, Um, as I said in the intro, and anybody that's been watching my show and my channel knows that I believe success leaves clues, and so I study successful people to see what clues I can pick up and I can duplicate. And my goal is that I can find people like you where I can learn from and then try to share it back with the audience. So I appreciate that. Um. Of course, I've been doing research into you, which is why I

invited you on the show. But for people that don't know, give us a background. I mean, I said, you sold five companies. Give us a little bit background on what you've been doing and what you're doing right now. Okay, Well, I'm a jaw just by training many many moons ago. But I'm like a serial entrepreneur. I love the challenges of of creating shareholder wealth and and uh I've been blessed it to be able to sell five companies over

the span from two thousand and seven to today. And uh it's very simple formula that I I've used to do this. I've done it in uh four different commodities. I've done it in uranium, I've done it in potash, I've done it in lithium twice, and I've done it in gold. And uh so the formula really is is to uh. I'd been really good at picking a cycle, looking at where I think a metal market might uh grow.

Like so, for instance, uranium, which is one of my first forays in two thousand and seven, where the price ranium was ten dollars a pound. And so I had a belief through readings and do what what you do? Read the newspapers here, say, Oprah wherever, and I thought, now you know, I think uranium is not a sunset industry.

I think it's gonna go at least a fifty dollars, and I need a plan on how I um to make money at that being a geologist running cut mining companies, and you know, you know sometimes people say, well, want to just buy the physical like buy uranium, and that could make me money. And I thought, well, that's one way of doing it. But I thought, you know, where do you need the most ranium in the world? Mess

United States of America. So I said, I need a plan to become the largest owner of uranium resources in the US. And this is the time when everybody thought it would be a sunset industry. Was this back in two thousand seven? This is in two thousand and seven. So I accumulated and that was my partner was another great guy called Bill Sheriff. Accumulated and became the largest resource holder of uranium the United States between two thousand and seven and two thousand and nine. I did it

by through just claims taking. I did by taking over three companies in the space of one year. Uh and the price urania. And then I built a team around it and I found some you know, I went from four people to two hundred. I hired the best people in the in the industry, and through a series of events, Uranium cup going from ten dollars to fifteen to twenty five to fifty and my stock went from having a market cap of five million to ten million, to fifty million,

to a hundred million to four hundred million. I was the fastest growing company in Canada. And then uh I decided going to New York. Stock has changed. The first year one of the first uranium companies the United stock is change, and uh the stock went up to eighteen dollars came. That was from starting at ten cents. And that was in the space of three years. And uh so we were on the stocks change. But I had

a feeling that Uranium had reached his highest summit. It was over a hundred and ten dollars, okay, And uh I thought it was you know, I had some assets that we're going into production, but I thought I'd serve my shareholders better if I sold. So I sold to a company called the Uranium One. It was for one point eight billion dollars. Okay. Of course, anybody who knows about uranium has heard of that company. Yes, so, of course exactly, so I sold it to them, and and

uh so that's what started. Mean it was, you know, it was de risking, it was doing feasibilities days, all the things that miners do. Uh. And then I follow that up with a very similar story. Uh potash. Potash was a hot thing. Uh. Fertilizer mostly used for fertilizer. Your lovely wife buys, uh, you know, for has for elizer. Bags has three numbers ten ten ten, and it's potassium phosphate and nitrogen K and uh so one of them

is potash. And potash makes things grow tall, strengthens things that grow tall, like great for corn, good for wine. So so I thought cheese. You know, potash was training a hundred dollars a ton, and I thought, jeez, you know, I think it's gonna go higher. And so I did the same thing. I actually this time I discovered something. I went through the the Saudi Arabia of of of Potash, which is in Saskatchewan, lovely place, great people, and I

drill seven holes and I found a huge resource. And I I parlayed all of that and and it's the first time I met Robert Friedland. He asked me if he could come on board, uh and to help me monetize that asset. And because putting potash deposited into production are billions and billions of dollars. Okay. So so within the space of three years, I had drilled, got a pre feasibility study, a feasibility study, and a permit. And you know, I needed I think two billion dollars to

put this production. So with the help of of Robert and myself, we managed to find a buyer. That's after talking to the Chinese and talking to real team, to munch of companies, to a company called K plus S and they paid paid Potash one shareholders four thirty four million dollars cash and they subsequently spent over three billion dollars to put that in production. So that was called the I called the Legacy Project. They changed it to

the Bethune Project. So that again was in the space of three years from concept to sale, and a mind four years later. So I repeated that again I could just do one more quick. When I did, the company called Lithium one, and I had a census back in two thousand twelve that lithium environed the e V cars will become a big thing, okay, and so this and so I thought, you know that that the world is going to go electric by through lithium, and so I thought, geez,

you know, I need to find a lithium deposits. So there's another company that was five nts, and so I headed down to Argentina, that is the Saudi Arabia. There's a of lithium and uh, I staked besides some other another mine and I got a really good salar and uh the same thing. I spent two or three years, it's staking figuring out how to actually categorize with him deposits and sold it to a company called Galaxy Resources

for a hundred and twelve million dollars. And I think I sold that one a little too early because Galaxy took that asset and another and made it a billion dollars. We always say that you never go wrong taking a profit, right, so you never do and uh and then subsequently they've sold just half of the asset that I had in Argentina to Postco for three and and fifty US million

dollars just recently. So so that's the pattern of finding finding a trend the cycle finding and finding a large acid if you can, or making a large asset, de risking it and then deciding to monetize it if you think that the the commodity is going to be strong,

then I would build. If if you think that, you know it's at the top of its cycle, then obviously you would like to sell. So in many cases I've been lucky enough to exit when the cycleactory and like, look at uranium, you know, after I think the day after I sold energy metal as the price of ranium from hundred dollars to I think it's thirty dollars today

and hasn't recovered. That was okay, but now you're now you've picked up on a new cycle and you're doing the same repeatable pattern, but on a new cycle now. So I thought gold on that. Yeah, so gold for a variety of reasons. Um, you know that it's a very attractive commodity. You know, we're hyper inflation, you know Trump and everybody's is pouring out U S dollars like it's going out of style. So it's a great asset

for that. And I thought, jeez, you know if I think I started looking at gold, gold next to the price of goal and uh, and I thought, and I can go through this company. It was called Sandspring Resources at the time, was misunderstood forlorn not loved, and yet it had a seven point three five million ounced deposit and over a hundred and fifty million dollars spent on it.

And I thought, this is perfect. I need like a large And I thought, if you know, obviously, if you're if you're trying to get leverage on the gold price as an increasing gold price, you want a big asset because all of the price of goal goes up, you have seven million factors that go up with it, and so and so I uh. In September, I became an advisor for the group, and I said, you know, I've

got a plan. I got a plan how we can take there's more abund company that that barely trades and and has a great asset and turn it into something. And so I did simple, simple things and I rebranded to Excess. Most of my companies are either excess or ones. So it became gold x Mining. I uh didn't split the stock, but I consolidated stock eight to one. So uh so that wasn't a penny stock anymore, and people

didn't have a penny thought idea in it. And I raised twenty million dollars and to venture to buy out a local partners, so secure a hundred percent ownership of the asset and then uh, and then I took over. I became officially uh the whist those were done, and I knew we had the ascally became the CEO in April one of this year, and our stock but at that time was training at a dollar this year, okay, and I that's where I made my placement into the

company and I made a commitment there. Uh So, and then I started trying to I did a little hundreds and hundreds of zoom calls and trying to get at people understand what they you know, the misunderstanding is about this asset. And I'm always you know, opportunistic. In just Egypt, there was a company fifty KOs down the road called Guyana Goldfields and it was running into trouble and uh,

they had exhausted their reason their surface resources. They had this big mill that could accommodate sevent tons per dight and now they're trying to develop a mind tons a day. And so I, with my largest shareholder, made a bid for that for the access to their they're meant for the resources, but for the production for their milk, because it would have huge, huge, huge impact on the topics

of our company. Uh, unfortunately I was not successful. Someone outbid me by threefold to gin very astute group, Chinese group who who bought up for a dollar eighty. And it's good to have a big company like that, but you know, we're still fifty kilometers away and that synergy that we can work with. So now you're the CEO of gold X Mining and that's that's kind of what

you're doing. UM. Yeah, so that's good. UM. You know you mentioned that you have a simple formula, and what I like about this is that you've proven it's repeatable. So I mean you've done it in uranium, you did in potash, you did in lithium, and now you're turning at the gold now. UM, for everybody that's listening, make sure you stick around because at the end, I'm gonna make sure we nail Paul down for that three step formula so we can try to figure out how we

can apply that to our own investments. UM. So we'll

we'll really we'll circle back to that before the ends to make sure you stick around. But what I want to dig into a little bit here is, UM, I'm obviously really into gold. I talked about it on my channel all the time. Um, I I'm buying lots of gold miners, junior miners, so I can get that leverage um. And you know when I'm buying stock, I'm an owner of a company obviously a very very tiny minority, but I still like to look at it the same way.

We get massive leverage, um, just like someone that owns a lot of shares to do we can do it on a little bit. So I'm curious how you um think through mining gold mining, specifically how you value it, so I can learn to do the same. And I know there's, um, you know, two big categories of it, right. You have kind of like the majors and then you

have the miners. And it seems like the juniors are are The juniors are the ones that are kind of like exploring and finding it and their real path is like acquisitions at some point, and the majors are the ones that are kind of putting out the massive gold. Is that is that how that works? Do I have that right? Generally? Generally? Uh, there's actually three times I come explore code companies. Okay, those are those high risk people's gelages with maps and dreams, Okay, And there are

a central part of the of the of the ecosystem. Okay. They're the ones where you know, like a Chuck fifty who found the first diamond mine for Canada. Okay, you listen to me, I think, I guy must be on drugs. But that man had single handedly made Canada the number one producer of diamonds because he had a dream. And you know, you could have invested with him at fifty cents and now that's worth a thousand dollars that Okay, So but those are rare events, Okay, those the law

of probability works against. Yet for every hundred explorer code out there, and maybe one moves on to something that's significant, okay. And then there's developed codes like myself. They they have gone through the expiration phase. They found something, Okay, but they're not trading. Let's say if we put like, ah, if mining companies that you know that like a new Mont, Okay, they trade at let's say like they react to the price of goal because they've got mine. So the price

of gold goes up, their profits go up. You can tag them and you can look at their price and ab and and decide, well, Jesus is this is the well run company and if gold goes up, they're gonna go up. Okay, but there's not much leverage as being an explorerle there's lots of risk, but if they hit, you make a lot of money. The next level of risk is like a developed co company like myself. Okay, so we have seven point five million ounces, okay, but we need to we need to find the money to

develop it. You know, there's so there's little hair that you need to clean Okay, So either you you you clean all that up and then you become very attractive to like a Newmont or to a Barrack or to a gen Okay. So so that's kind of what I do. I look at what the hair is. Why isn't it that uh and developed coach will will trade at point to five point three of what they should have if

they were a big major mining companies. If I told you most of the companies called net asset value that I sold, I sold between point four and point five. Are there net net asset value right now? Gold extras training at point one eight? Okay, So there's a lot of scope there that I So I am either underperforming, you know, there's an undervalue or there's more value to be created. Yeah. I love that point. I love that

point because it rings true. And it's what I always talk about on my channel, right, trying to find that undervalued asset as you talk about the hair, right, something you can clean off. I spent the first ten years of my investing career just in realistic eight um and the same thing, Right, what's wrong with this piece of real estate? What can I do to fix it up? Right? And Uh, I look at all things like that, and and I think as investors we should always do that.

So I love to hear that, um, that approach. So it's uh, the the explorers have the ton of risk because chance of them finding is very is very low. For you, the risk is a lot less because you have the asset. But the question is can you improve it to the point that needs to be done? Um? Yeah, it makes perfect sense. I like that. Yeah. And you can see that from from September or from when I started April. One dollar when it was a dollar today closed at four dollars four times. You're your return in

less than four months. Wow. I like those types of returns. So and that you know and and so that's not me. I've got great capable people that that work with me. And so those are a series of steps, you know, and and from some gold minings like that are developed clos It may be a metallurgical issue, they're getting better recoveries. Some may be jurisdictional, they've got a permit where they

could never get a permit. Okay, uh. Some are that they've got a better mining method. So you look at each individual story and you say, where is where? How do we unlock the value? Right? He called me anything. I'm an unlocker of shareholder value. Yeah. I love that I can find something to go here and they're not like you know, brain science is something you diligent work, go through the process. Okay, what is an analysis of variance? What is the key feature that I need to fix

to unlock that value? Yeah? You know that? So you know, in uh, in real estate, like I said, I spent the first ten years doing that, and I could tell you all the ways that you can do that. Um. I've been investing in gold for about a decade now, and UM I constantly talk on this channel about ways that I look for undervalued assets and gold mining. But I would certainly love to hear if you had any ideas. Um, you know, I guess the first thing is I know I look for like is the asset good? Um? And

is it being missed? Priced some way? Um? Right? And something that you can fix like you mentioned like permits or something like that. Yeah. So so in our case, there was a drag on the stock because like the company prior to me managing it, we didn't own they

we didn't own the property. Okay, we we had an option to purchase. So that's a level of risk because so we we managed to raise twenty million dollars to buy out the original you know, the guys that originally owned the property, and they're out, so we don't have to deal with that drama. Okay, Now we own it, and I did through a convertible de been sure. So here's where here's where it even gets better. So when we had a convertial debenture, we're training in a dollar.

We priced it a three twenty that we could buy you out. We can give you our share at three twenty or give you hash. Okay, So three weeks ago our stock past blew by three twenty. Now it's like three. So I phoned up the de bench. You're olders and say do you want the cash because I think we can finance it, or do you want the paper? Everybody took the paper. So now there's no debt in this company. Right,

We've got happy shareholders. Were training at four dollars, they can sell their shares at three twenty, so they've made money. They and I saved the company with a convertible deventure. There's usually like a coupon you pay it. Our coupon was ten percent, so I so that's like almost five million dollars of savings just there. But it's amazing. That's that's a deal that only somebody with your experience could do, right.

I mean, that's what you bring to the table. Um. Having built many businesses, I've built seven and a figure businesses. I've invested in all different types of things. One thing I've always learned is that people like people are so important because you can you can have the best idea in the world, but it's all about the execution. UM. And it sounds like based off of what you're saying, UM,

that's also part of your formula. I know when I was when I'm looking at gold mining companies or any company for that matter, One of the very first things I look for is management, and I just figure, look how the management allows me to filter all the junk out, because good management wouldn't work for a bad company. Uh And and so I know. So then I saw you

and you had this successful track record. Um and then you you mentioned how you brought I think was it Robert Over you know, so you're bringing that same core team with you. So is that I think you're putting the same emphasis on team. Yes, if I can highlight that. So, Uh, you need two things. One is good shareholders, let's support you. Uh and I've talked about that. And a good staff. And I tend to work with a very small group.

And my main group. I have an excellent cefos name is Bill the bar who's been involved in my last

three deals. He's brilliant. He was he was the architect of the de venture, so you can tip my hat to him. I have two capable executives and Richard Munson he was the past CEO, and Greg Barnes is the VP of development. So this team of four, and I have also a good strategic advisor, Brian pace Braga. That group, that core group is the one that works the day to day, make sure the market is fine, make sure that you know we're getting all the technical and the

commercial work done. Okay, and without them, I am a tenth of a man that I am. Uh. Strategically, you know, we always looked to enhance our board uh and so that you know, it gives you a better networking, better access to capital. And we were fortunate enough and through my friendship to get Robert Friedland and and he's like, he's you know, he's an icon. Come on the man. Is he probably the number one mining promoter in the world. He runs Ivanhoe minds. It's a five building dollar deposit.

You know, he manages to be a better unlock er value than I am. You know, whenever he puts his hands and turns to literally to gold and he brings to this company. And when he actually came on board, our stock almost went up. Okay. He brings the ability of a great his own team. So that synergy of his own mind building team and access to that is good, and access to his capital it's good. So that was a coup from us. Yeah, and you know, I mean sorry, yeah.

And in terms of shareholder is that we have Grand Colombian it's a it's a gold mining company. Plus not TSX who UH mind school out of Columbia with a half a billion dollar market cap. They own of it, and you know, and the CEO there is on our board and I know the chairman quite well, and there's

a hundred percent supportive of it. And we also have Precious Wheaton UH Medals, who is a wealthy company that uh is the next largest shareholder, and there are a hundred percent by behind us, and they've actually offered us a financing so if we ever go into production, they will finance up a hundred twenty million dollars. Yeah, that's that's awesome. Yeah, I know. Um, I mean, like I said, I've been kind of following the gold market for for

a while. Obviously I don't know it that well and not I wouldn't call myself an expert in it, but um, I just look at these types of things like who is leading the team, but not only just who's leading the team, and so easy to see your track record, and I know success leaves you know, you can follow the success, but also who those advisors are, So anybody that in Precious Medals at all probably knows who you know, precious wheat is and things like that. Um. Yeah, so

that's good. I mean, like I said right off the bat, that filters out all the junk because there's a lot of junk out there. Um, but I just figured that, yeah, a good team wouldn't be there. Um. I tell people that, you know, a lot of this game is back to jockey. Okay, if you can have a good horse and a good jockey, I mean, you've got a chance to win the triple crown. Yeah. So you know, people, you know, there are the main element in any type of in movies and in real estate.

Those people. It's the people that make things different. And one of question I'd like to ask you about is, I know gold X your mind is in Guyana, right, Um, and um, a lot of gold people. There's there's a lot of noise going around the industry. And I get asked this question all the time, and I think it's

a fair question to ask you. Um, A lot of people seem to think that, Um, there's a lot of political instability in some of these countries which there are obviously a lot of gold mine is in third world countries. Things like that could be Africa, South America, wherever, UM. And now there's this narrative UM that's been pushed at if the US isn't exchanging dollars swap lines with the country,

then they're in they're they're in dangerous political problems. And there's high probability that, um, the country could nationalize that mine and as an investor, I could lose everything. Now you own a mine or whatever, your part owner, what do you think about that? I think that's a bullshit actually, Okay, okay, I think that Guyana, uh, English speaking democratic country. They

had their fair shares. They've they've been through the throes of an election issue, an election recount similar to the Trump had. Okay, we didn't do anything about that and uh, and they've now resolved that issue. So now there is a standing party and the country will go back to uh to where to where it's been. Uh. It's supported a member of the Commonwealth of Nations, is governed by

the British law. The as far as i'm you know, they're there for finance and they supported by the i f C. There's nothing that I've seen, UH that gives me cause of concern that they're going to nationalize these resources. Okay, UM, right now, they're also blessed like they've had a huge offshore oil discovery okay, probably one of the largest ones ever. It's gonna totally change the complexion of this very small country. I think it's got you know, five million, seven million

people in it, Okay. And what that's gonna do is gonna put a lot of money into the government coffers okay, so they can electrify the country, educate the country, and build infrastructure. All those things are really supportive of mining, Okay. The you know, I've worked in Guyana previously for another company, and I find that working with the government is being transparent they want you know, that was the main source

of revenue was mining. Right now, with oil, I think mining will be like this, oil will be like this. That's going to really see them nationalizing this little breadcrumb perfect well. And and you know, by them doing that, it really puts them back into the dark ages no company would ever do or no no country would even want to do business with them if they did something like that. So I kind of look at the same thing.

I mean, of course, we don't have a crystal ball anything as possible, especially in today's age and everything that we do has risks and so you want to always manage for that. But um, yeah, the chance of that is low. Would be in my opinion, and as you said, it would be the death wish or I said, it would be the death wish. And if you're if you're looking at something big like oil, you're not gonna what do we call it, like step over dollars to pick

up pennies or something. Right, No, I think I I love working in Diana, and I think it's a very good population. Work in the government, as I say, is transparent. I I think that you know, they're very good for the mining industry, and I think that they're blessed with riches. You know, I hope they manage them. Well yeah, okay, great, Well thanks for answering that. Um. Like I said, I get asked that question all the time and I answer it, but I of course I want to hear it from you.

You have a lot more on the line than I do. So UM, I kind of gave um in one of my previous gold mining videos, I kind of gave my criteria was team and these are easier things for me to look at, like team obviously, like I said, good team wouldn't be in a bad company. Um, I want to look at like their reserves. Make sure you're sitting on good gold reserves, and yours appear to be pretty tested them and you have a bunch which is seven

million or something million? Yeah, so um and then and then financials and I know, um, you can burn through a lot of money, but you have a lot of backing with precious wheaten. Is there other things that like the average retail investor like myself should be looking at. And when we're investing in the gold miners, uh so, people are key the ability to finance. And so when we wanted to make adventure to buy our our our project from an existing owner, I think it took us

three weeks to find the twenty million dollars. Okay. Uh we have wheat impress mental and a lot of insiders, insiders make up close to like okay, and they're all they're all people of means that I've been supporting this project for many, many years, So I would you know, And so that's another thing that you should be aware of. We get offered financings almost on a weekly basis from

from brokerage groups. Okay, we turned them down. Because you know, one thing about the companies that I run is that I'd like to keep the share uh, the share account very low. Okay, I'm I don't mind diluting. But if if if I spend one dollar, I would make four or five dollars worth of value. So does that mean that me as a retail investor, other retail investors, we should look at outstanding share account? I think so, I think you should look at how many shares are out there,

and and whether the market cop is realistic. You know a lot of people CEOs claim that, oh, look, my market cops six million. Yeah, well it's six million, but the last five years it's been training at thirty cents, and you, as an investor, made no money, right, Okay, good? Focus on share value? Okay, share value appreciation? If I were invested, okay, has this group took something and raised

gave you share value? Okay? Good? Good, good point. I appreciate that a lot of this stuff, you know, you talked about, like find that undervalued asset and finding something that had a little hair on it you can clean up, and a lot of that stuff isn't really visible to us as as retail investors, and so That's why I was kind of curious, like what are the things that we would look at? And like I said, team and

financials and and and reserves. Our stuff that I have access to, Um, the little secret hair, the permit or whatever it is, as you say, I don't really have access to that. But definitely market cap and share value, as you talk about, is something that we can all look at. Anything else that comes to mind, well, the because of uh uh over the regulations that were put in place. UM, you know, uh, we we have a

lot of transparency. We do quarterlies, we do a g M s all our resources or have standards that are followed by throughout the world. You know, I think mining is sometimes overregulated, but it's but it's to protect the shareholder. So if if uh an investor really wants to understand the company, look at the quarterlies, look at look at the four three one of ones to talk about the resources, how they were done? You know, these are these resources

that are quota for us, are are done like we did? Yeah? We did? Uh I forgot I mean, I mean I tell you exact number of meters of drilling that we did. We did two hundred and two thousand meters of drilling. Wow, we did almost seven hundred drill holes to define this resource. Okay, So,

and that gives you a measured indicated resource. Okay, this is better than inferred resources because each time you drill a hole, you're checking what the density is of gold in those areas, and so the hold as you drill, then the better your estimations are. Am I correct with that, So you can imagine that you know, each drill hole has a has an area of influence that you can make some judgment thought. Okay, so you have one drill hole here in one drill hole a mile away, you know,

and there's a head here and a hit there. There's no geological reason why they should be connected. You know, in the past people say, oh, yeah, they're connected. But you know, there's been a lot of work being done through the use of geology and structure and and and fantastic software. People can look at measure indicate the influence of one hole, maybe only four or five meters, that's it ten ms, okay, depending on the on the type

of geology. So the more holes you have, the more geology you have, the more rigorous, the more believable your resource are There are many, many, many, many sad stories were someone has has done a resource on an inferred basis, or like why space thrilling, and said, what the heck, we're gonna go. The market is hot, We're gonna go and mind this bloody thing, you know. So they spend all this money building all this infrastructure, processing facilities, and

low and behold the resourcesn't there? Yeah? Okay, So so look at the resource, ask questions there. They're often written for the for the layman, and I find that, uh, people that care about the shar olds will spend time with them. Let's say, this is what you have to understand about our drilling, this is what our resource was based. And there's numerous maps and drill intersections and long sections.

It's fascinating, you know to look at Yeah, I've I've looked, you know, I look at a lot of different mining companies and that's definitely something. As you say, they put out and uh, seven hundred drill holes is a lot. Typically I see much less and and a lot of times, when you've looked at enough of them, you can tell, like this company is kind of fudging on their numbers a little bit. Right. Um, I've Also I also did quite a bit in oil as well, and oil is

kind of similar. Um, you know, they're trying to estimate off of one one well or something like that. But yeah, seven hundred drill wells is is a lot. Another thing that you said that I like as well is you know we all need to uh we all, we all need to. I really like investing in the gold gold mine especially. I just made a video yesterday. I call it the Trade of the Decade um the way that I see debt and inflation and whatnot, and so I do believe that gold and gold mining is the place

to be. Um. That being said, everybody should be doing their own due diligence and so. Um. You know, because I have a show, I'm able to get someone like you on the phone and or on the on the call and ask these questions. But as you pointed out, everybody could reach out to the company. You have like PR departments and sales departments that are there to answer people's questions, right yeah, yeah, I mean, so they're there. You know, I I tell people look at like good

power points corporate presentations. Yuh. So you know, we do a good job trying to get key information out to people. We do a lot of comparables. If you go look at our our power point, we compare ourselves to other companies so that you can say, well, why are they trading higher than lower? So you can start you know, questioning, you know those questions. And you know, I find that the more educated investor you have, the better it is

for companies that actually have good things. Okay. Uh so you know ignorant investor or well, and one that's not so well educated. You know, they go from pillar to post. They don't know where they're going, or they're following the crowd that you know, sometimes that works. It's a great thing. Okay, like we're now, I would say in the time of gold investing, where all boats float and if you know that thing, so everything that has goal in is going up.

Is like the dot com era. Okay, so you probably you probably will not hurt yourself, but you may lose out on something that was phenomenally better than the investment that you made. Right, and so you need a fair smatter ring of maybe some of the major companies, maybe some of the development companies, and a little bit of the you know, you make a portfolio. So you you you transcend all those things. But you know, but in each portfolio, in each group, there's some winners and there's

some losers. And UH and I would say try to talk to people, read the power points, start being familiar with you know, after tax free cash flow, there's a lot of a lot of different terminology that one needs to know and and and and these are all standard ways of that companies have to report R resources are reporting a certain way, you know, h Enterprise value okay

is a certain way. Okay, So so there are comparable So if you look at our on our UH corporate presentation, we do comparable so we can compare an apple with an Apple. And that's what you want to do. Yeah, I love that. UM. Now I want to we're gonna wrap it up here. I know we're already coming and going along and I and I really appreciate you giving me as much time as you have already. UM. I

want to recap your simple formula for having success. Um, and I've written it down to what I think it is, and I want to just recap that and let kind of how I think that I can use it and how people watching could also use that. Before before I am jump into that final thing though, I'm just curious. Um, well, the first one of your formulas is picking a cycle,

and you obviously did really good with uranium, potash, lithium. Uh, you pick those cycles, right, and now you've just jumped into gold, and based off of three in a row, you're pretty good at picking cycles. So what is it that you see about jumping into the gold cycle right now? What makes you think that, um, the cycle is good? Do you want to say how long or how high you think it goes? No, h well, it's probably for me.

I'm not I'm not that predictor of like how long, But we're pretty so much money, there's gonna be so much inflation. Gold provides maybe a place where whether you're in Peru or Paraguay, people will know what the goal is. So and you're you're not punished by a currency devaluation and inflation. So so I really I really like that point of it. I just thought, you know, and then I look at the experts. I look at the Bank of America. They have a three thousand dollar limit, okay,

and you have Goldman sacks as okay. So these are very conservative groups that are giving you these numbers. This isn't some you know, crazy newsletter writer that wants to let you buy gold staff right exactly. So they're consensus of that, and uh, you know, and I really do believe that, you know, the psychos eighteen twenty months and there's a momentum they'll be down ed age. But you know, I could probably see gold before December. Yeah, and that's goes,

you know, and then it becomes a race production. You know, how to value arounds is the best way. Okay, So um advantage of that high gold environment, so I'm more bullish. I think it was higher than that. But either way, that's that's pretty good. I just figured, you know, Um, in two thousand and eight, when the market dropped, the stocks dropped, gold drop, but it was the response to the drop. The Fed jumped in with their tarp bailout seven hundred billion dollars and gold shot from six eighty

to two thousand. Yeah, and that was off a seven billion. Well today we've just done six trillion. So even if we had the same move as in two thousand and eight, that puts gold to like four thousand bucks. That's just on the same size move. But we've just printed what six times the seven times the money. It's unheard of. It's unheard of. Yeah, so it could be an incredible ride.

And you know it's uh and for companies are going to production or in production, it would be a great place to you know, I could imagine in areas and countries where where the currencies being devalued, they're gonna be paid in US dollars, Okay, Like in Canada, our gold is like we're point seven seventy cents, so two thousands. It's like we're training at like twenty six hundred dollar gold in our currency. So it's unheard of. So being a producer is a good thing. Now, why doesn't Why

doesn't Canada have any gold? Oh no, we have lost the gold mines. Oh no, no, no, the country. What do you mean it doesn't have any goal? Oh why do I believe Canada doesn't own any gold? Right? The country? We don't want to jump into that. That's that's that's that's for my Prime minister to talk. There's so much gold in the country. Is like, there's no gold by the country. It's weird in the country but not owned by the country. Okay, we won't we won't jump into that. Um,

what about bitcoin. Oh man, you know, I'm I'm so simple, I know very I'm good at what I know and outside then I'm just have you have you heard the digital gold comparisons? Yeah, I have heard that. You know. I'm not savvy enough to give a coherent or advice to any of your listeners. No, I don't need any advice. I'm asking your I'm just what are your thoughts? That's all. Oh, it's an interesting concept. I mean, you know, the bench won't like it. You know, it would, it would solve

a lot of problems. It's great for the gold miners, you know, so it's thought a lot of merit. It may break down the whole banking industry, so that's what it's here for. Yeah, you know, be careful what you wish for, because it seems it seems to be working well. And uh, well the band The Thanks are doing that on their own. But yeah, yeah, well they're they're good at it. But so yeah, no, I think it's got it's got some some marriage, and it's definitely good for

the world. You know, they call it digital gold because it's one it's fighting the same fight. Gold is about sound money, right, If we could go back to a gold standard, having hard, sound money that's not manipulated or or or you know, inflatable, and bitcoin is a hard asset that can't be manipulated or inflated. Um. They're both taking your money out of the banking system, um, and both getting back to us a sound unit of account, if you will. So they're both fighting the same fight.

One is older and one is newer. One's technology, right, But from that perspective, they're they're fighting the same fight. That's what I say. That's why I like them both. I think I say, like, uh, for example, my grandparents would never own bitcoin, but my kids will probably never own gold. Right. Maybe we'll see um, okay, great, Um. So then back to the simple formula and we'll cap it off with this. So the for this one was picking a cycle, which you've already explained that one. I

appreciate that. The second one was building a good team. So you have experience, you've brought your team with you, you have Robert, you talked about your board, et cetera. UM. And then I think what I wrote down the third piece of your formula, your simple format that makes you billions of dollars um, was leverage, right, you talked about leverage because instead of just buying the physical uranium, you said, why don't I just buy the uranium? Mind, I have leverage,

and I think gold is the same way. So I can buy physical gold and maybe it goes from two thousand to four thousand, but if I own a gold miner stock, it could go up ten x or whatever. It was leveraged the third piece of that, yes, so yeah, leverage is definitely And that's what to do with uh uh, the the increase in the price they come on it.

For instance, you know, we have seven million ounces, right, and you could buy the stock for four dollars, okay, and uh if it you know, if gold does go up by two hundred dollars, it goes up two hundred dollars on seven million ounces. Yeah, and that's it reaches the bottom line on the market cap in our share price. That's where that happens. So so two, the gold price is a big jump for a four dollar stock. Yes, so so you know, and and so that's what we

need to do. We need to show people, tell people that that's where you get your greatest leverage with the companies that have you know, six seven, eight million ounces. And then it's also attractive that leverage to companies like the large companies, they don't want to work on a million, two million ounce deposits, they want to work on five six seven million ounce deposits because it's the same work. They've got to deploy the same type of intelligence and people.

So they are always looking for bigger and bigger, and they need something that that moves the needle on them. Good point, good point. So so that's good. And then if you're looking for financing for to build the mind, having those seven million ounces gives the lender a lot more comfort that they're going to get their money back, So that's another good. So so that gives me lots of optionality, you know, in either selling or building and and you know, and that decision will come down on

what's best for the shareholder. Okay. And another thing that I might add a success is because I'm usually a big shareholder, I think like a shareholder. I want the same things like a shareholder. That is a high share price. So it's good to have your CEO, your chairman, the board of you know, own a lot of shares by share value. Do they have skin and do they have skin in the game. Weally have skin in the game, and you know, and you know because because that's the

real thing. They'll say, you know, when you've got you know, four million shares, they go, do I want to dilute? I'm thinking like them, do I want to dilute my my fellow shareholders? So you think twice about it? Great, that's good stuff, good stuff. That That last point that you just brought up is such a big one and we didn't touch on it, and I appreciate that you brought that up. With that, I think we'll go ahead and wrap it up. I mean, I could keep asking

questions for so long. It's not often I get to sit down with you, but I know you told me I was pulling you away from your hockey game. So uh, we'll get we'll get you back to that. Thank you very much, Mark, I really appreciate and good to know you. Yeah. So, Paul uh CEO of gold X gold Mining and UM, where would people go find out more information about the company or if they want to follow you? Do you have anything that you want to send people to gold

next mining dot com. Uh, it's the place that to find us, UM and we're in the t sc uh g o xt okay cool well um, and I will definitely link to that in the show notes for everybody that's listening. And with that we are going to go ahead and sign it off, so thanks again and Paul. They chew, and tall they chew, and tall they chew, and tall they chew.