NeXGold Mining Corp

The guest cites 7 million ounces of gold in Canada, a jurisdiction he says commands a premium, which kept the stock from fully round-tripping.
It went from $0.83 at his July mention to $1.21, easing back to $0.97 as of the recording.

John Feneck says the backdrop for gold and silver has never looked better, and he is buying gold equities hand over fist for leverage. He runs a hub and spoke portfolio, holding ETFs like GDX as the core and selling satellite juniors after 200 to 300 percent gains. He expects a 25 basis point Fed hike on December 9, sees gold support at 3,900 to 4,000 dollars and prefers equities over bullion. His picks span BlackRock Silver, the Silver 47 Bunker Hill merger, Triumph Gold, Western Star tungsten and First Phosphate. Gold miners are 0.1 percent of the investable universe, and he sees potential sector rotation when the tech led bull market changes.

NordX Metals ($NRDX): Drilling for Uranium in Scandinavia Amid Rising Nuclear Demand

Nordic Funds

21 days ago 34:11

Nuclear demand is being reshaped by AI data centers and small modular reactors (SMRs), widening the uranium supply gap and reviving exploration in Scandinavia. Sweden ended a seven-year uranium exploration ban in January 2026, letting NordX secure high-grade projects cheaply while peer miners were locked out. Drilling is now active at Riutta in Finland, with the first assays from a 1,000 to 1,500m program already en route to the lab. A shallow 11.3m intercept grading 0.68% U3O8 starting at 21m depth contrasts with deeper Athabasca-style deposits, lowering potential development complexity. Management is idling the lithium portfolio to focus capital on uranium and rare earths, timing the commodity cycle instead of diluting shareholders.

Gold/Silver Miners: Low Hanging Fruit (August 2026)

about 2 months ago

Key Highlights

On the precipice of construction — targeted Q3 of the recording year, possibly slipping to Q4 — with an 18-month build.
At ~$380M he says NexGold mirrors GoGold's two-mine pipeline (Goldboro first, then Goliath) at a meaningfully lower valuation than GoGold's $1.5B.
He frames the second mine as 'free' on top of an already-funded first project.
PFS work was still wrapping up at the time of the recording.

Don Durrett's 15 low-hanging-fruit names share a single thesis — execution on planned growth at $200 silver and $7,000 gold unlocks 5-20x upside across the list. Junior miners with low insider ownership become prime hostile takeover targets once their assets are de-risked, so a defensive merger often precedes the rerate. The market is still leaving the second-mine pipeline at NexGold and GoGold free, because the first project's standalone value already exceeds today's market cap. Canada's scarcity of new single-asset gold producers gives each one a permanent jurisdiction premium that U.S. peers cannot replicate. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) is the single variable that decides whether each near-term producer on this list rerates or fades.

Deep Sea Minerals ($SEAS | $DSEAF): Potential NASDAQ Uplisting & Exploration Strategy

2 months ago

Key Highlights

Don says NexGold is about to start construction in Canada on a very economic project yet gets no investor interest, and expects that to change within about a year.
The host owns the stock, cites 7 million ounces of gold in Canada, and links its neglect to the same LaSonde-curve discount as GoGold.

Deep Sea Minerals received BCSC final receipt for its C$50 million shelf prospectus on July 28, advancing its planned NASDAQ uplisting. Polymetallic nodules lie loose on the seafloor; explorers map them with AUV and ROV video and sample with box cores — no drilling or blasting. The guest argues no commercial-scale nodule production exists yet, so proving harvesting machines run reliably is the industry's central risk, not discovery. Deep-sea licenses span several regulators (NOAA, BOEM, Cook Islands, ISA); the CEO says spreading applications across them mitigates jurisdiction risk. The hosts argue permit-ready Mexico silver developers such as GoGold and Silver Tiger trade depressed and could rerate as construction nears.

Gold & Silver Miners, Macro Risks, and Investing Strategy | Don Durrett and John Feneck

3 months ago

Key Highlights

Don frames NexGold as a favorite with two flagship projects: Goldsboro (entering construction Q3, ~two-year build to mid-2028) and Goliath, which he says investors are getting 'for free'.
John likes the team being built at NexGold and was impressed after meeting management at BMO in February.
Despite 7M oz of gold across Canadian and US projects, the market has cut the stock from ~$1.50 to $0.84, which the speakers call unjustified — 'nothing has changed.'

Don Durrett calls junior gold and silver miners a once-in-a-generation asymmetric trade — entry prices vanish once gold crosses $5,500–$6,000. He values juniors on a 36-month forward gold/silver price ($7,000 and $200 today) instead of spot, capturing leverage before the metal moves. Build a portfolio pyramid — ETFs and majors form the foundation, junior miners sit on top with capped position sizes near 1% of capital. When the original thesis survives a 40% drawdown, add to the position — averaging down improves blended cost basis and removes emotion. The macro case rests on Fed intervention history from Greenspan through today and ongoing de-dollarization — both push investors into gold.

THESE Gold & Silver Stocks a Screaming BUY - 'More Bullish Than Ever': John Feneck and Don Durrett

Commodity Culture

3 months ago

Key Highlights

Feneck says NexGold Mining holds about 7 million ounces of gold with the ability to choose between either Canadian project, and that the market is missing it.
He expects production in roughly three years, contrasting NexGold with developers he believes are bluffing their timelines.
NEXG traded at about 83 cents US at the time of recording versus $1.75 a few months earlier; Feneck argues the real price is somewhere in the middle.
The company built out its field team in February and March 2026 and Feneck says it is going for it after speaking with the company the Friday before recording.
Durrett lists NexGold among his three gold developer picks, saying construction of its mine is only starting this year.

Durrett frames the metals selloff as a correction, not the end of the gold bull market, which he says only breaks below $3,000. Both guests attribute the drop since March 1st to the Iran war rather than mine fundamentals, and warn of another seasonal dip this fall. Feneck's development picks include Silverco, Blackrock Silver and Silver 47, each trading far below its spring highs on unchanged plans. Durrett's stock lists split by horizon: quality North American producers for a year, developers for three-to-five-year multi-bagger attempts. Feneck is bullish on tungsten equities despite an 8-9x spot price surge, because China supplies about 80% and no ETF or futures market exists.

Early Stage, District Scale: Gold Hunter’s Bold Plan to Replicate the Valentine Mine

CEO.CA

3 months ago 9:11

Key Highlights

Kingsley says David Copeland's primary project, which absorbed most of his attention for a decade, is now with NexGold and about to go into production.

Gold Hunter is betting a consolidated 26,000-hectare Newfoundland land package could host a Valentine-scale gold discovery. An inaugural drill program of up to 10,000 meters is underway, designed to run continuously instead of in short phases. Machine learning turned nearly 500 historic holes and 30,000 samples into more drill targets than one season can test. Roughly 50 kilometers of gold-bearing splays are mapped on the property, and most have never seen a drill hole. A local turnkey drilling contractor that also builds pads and access is meant to hold down cost per meter.

Could This Be Canada’s Next Mid-Tier Gold Producer? | Kevin Bullock - NexGold

The Deep Dive

5 months ago

NexGold's fully permitted Goldboro project in Nova Scotia targets first gold pour by late 2028, offering investors a clear development timeline. The junior gold market is transitioning, with capital rotating from senior producers down to developers, creating a potential valuation catalyst. NexGold aims to build a pipeline targeting 300,000-350,000 ounces of annual gold production across its Canadian assets.

Lahontan Gold's ($LG | $LGCXF) Path to Production | Don Durrett and John Feneck Interview

5 months ago

Key Highlights

Don Durrett says the market is giving NexGold zero value for Goliath while Goldboro is undervalued — Goldboro alone is a 5-10 bagger, so investors effectively get Goliath for free.
He calls Goldboro an easy-to-mine open-pit project and sees no problems with it.
John Fenwick describes it as a much more established stock with about 7 million ounces in Canada and an easy pivot between either project, though the chart has been slammed off the top; CEO Kevin speaks at his conference.

Lahontan Gold's mineral resource estimate (MRE — the updated in-ground ounce tally) slipped from April to next month; a PEA (preliminary economic assessment) follows in September. CEO Kimberly Ann targets pouring gold next year: permit in Q1, a four-to-six-month contract build, and a plant sized for a 100,000-ounce-per-year operation. Legacy heap-leach pads still hold about 200,000 ounces of already-crushed gold; roughly 110 sonic holes aim to move those ounces into the mine plan. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) guidance of $1,000-$1,100 supports 9-14 month payback timelines in current models. The named risk is takeover: a major could pay roughly $600 million, about $300 per in-ground ounce, and still buy accretively.

Don Durrett & John Feneck Interview Blackrock Silver ($BRC | $BKRRF) & Discuss Stock Insights

5 months ago

Key Highlights

Durrett recalls NexGold traded in a tight US$0.50-0.55 range until it picked up a Nova Scotia project that doubled its ounces in the ground, after which the market started paying attention.
He uses NexGold as the template for how a deal like Blackrock buying West Vault could accelerate a company's perceived pathway to production.

Blackrock Silver's updated PEA (Preliminary Economic Assessment — an early mine study) extends mine life 42% to 11.2 years with $190 million capex. The Nevada project plans 7.1 million silver-equivalent ounces a year at AISC (All-In Sustaining Cost — what it really costs to produce an ounce) near $1,744. Sitting entirely on private land skips federal review; one of three key permits is secured, with groundbreaking targeted for the second half of 2027. Guest Don Durrett sizes potential free cash flow at $750 million to $1.2 billion on $200 silver and calls Blackrock a top takeover target. Hosts also highlight Honey Badger's $11 million purchase of the 400-million-ounce Prairie Creek project from Canadian Zinc, calling it an unusual bargain.

Don Durrett & John Feneck Interview Mayfair Gold ($MFG | $MINE) on Building a Mine in Ontario

6 months ago

Key Highlights

John Feneck mentions that he and Don Durrett have money invested in NexGold among their Ontario gold development stories in the region.

Mayfair Gold is permitting a 4,800 tonne-per-day starter pit at Fenn-Gib provincially, cutting years off the federal route to first production. Projects under 5,000 tonnes per day permit provincially in Ontario, avoiding a federal review where no new (greenfield) mine has won approval since 2019. Management guides to a sub-$1,200 AISC (All-In Sustaining Cost — the full cost to produce an ounce) and first gold in 2030. Staying small preserves optionality: regional high-grade and underground tonnes can sweeten mill feed (raise average grade) without expanding throughput or new federal permits. Don Durrett favors undervalued, leveraged silver producers while John Fenwick argues war headlines, not fundamentals, gate gold's next move.

Optionality Update - April 2026

6 months ago

Key Highlights

Durrett says he loves NexGold Mining, estimating the resource at 5 million ounces growing to 6 million.
He notes the market cap has jumped to about $68 million recently from roughly $250 million (per ounce) not long ago.

G Mining Ventures' $2 billion acquisition of G2 Goldfields implies roughly $500 per ounce, resetting valuation benchmarks for Canadian gold developers. A 72% premium for an exploration-stage project lifts per-ounce benchmarks, creating optionality across junior gold and silver names. Durrett screens about 60 juniors by future ounces against market cap, applying $250-$450 gold and $5 silver in-ground price assumptions. Names like Freegold, Triumph, Falco and Cabral show multi-bagger optionality if further deals clear at $300-$450 an ounce. He expects development-stage stocks to re-rate together if upcoming acquisitions keep pricing gold in the ground near $400 per ounce.

Newsletter Favorites Upside (using New GSD Defaults)

7 months ago

Key Highlights

The host says NexGold is building its first mine and then has to build a second, so it will take some time.

Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.

Newsletter Favorites Overview (Feb 2026)

8 months ago

Key Highlights