Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

Brent Cook: 2024 Looks Better for Gold, but Here’s What’s Working Now

by November 18, 2023
November 18, 2023
Brent Cook: 2024 Looks Better for Gold, but Here’s What’s Working Now

Brent Cook thinks 2024 will be a better year for gold, but what’s working in the meantime?

‘Drill results still work,’ he said at the New Orleans Investment Conference. ‘But what’s surprising, and what I think the real opportunity is right now, is there’s a lot of companies that have solid deposits that work at these metal prices, they make money. And … they’re cheap. So I’m looking actually higher up the food chain than I normally look.’

He’s interested in companies with high-quality deposits as they are likely to become takeover targets for majors. That means assets that have high margins, are permittable and are in good jurisdictions with strong infrastructure.

He mentioned Finland-focused Rupert Resources (TSX:RUP,OTCQX:RUPRF) as an example, saying, ‘They’ve got an open-pit deposit that’s running in the order of 2.5 grams, I think it’s about 3 million ounces. That’s something a major company is going to want to buy in my opinion. And you can get it for probably a third of what the real NPV is right now.’

Cook is an economic geologist as well as the founder of Exploration Insights, which he now runs with Joe Mazumdar. Although he’s not usually an optimist, he said he thinks the precious metals sector is ‘bouncing along the bottom.’

‘I do think we’re at a changing point in the gold price, and hopefully that filters down to the mining companies,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Biden signs temporary spending bill, pushes budget fight with GOP into 2024
next post
Tech 5: ChatGPT Maker OpenAI Fires CEO Sam Altman

Related Posts

How to Invest in Graphite (Updated 2024)

May 8, 2024

Cosa Resources Announces Summer Exploration Plans for Athabasca...

May 10, 2024

Helium Evolution Announces Farm-In Partner to Drill First...

September 14, 2023

Crescent Point to Acquire SilverBow in US$2.1 Billion...

May 17, 2024

The United States Department of Defense Awards Multi-Million-Dollar...

November 30, 2023

Canada Nickel Completes Private Placement of Flow-Through Units...

January 4, 2024

SKRR Exploration

November 29, 2023

A$3.5M Institutional Placement and New Chairman Appointed

May 26, 2025

Argentina Lithium Announces Positive Lithium Values in the...

April 25, 2024

‘Lighthorse’ Gold Discovery at Pinjin: Thick, High-grade Gold...

February 10, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,053)
    • Investing (2,079)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,387)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved