Delta Gold Technologies ($DGQ | $DGQTF) CEO on Gold's Role in Quantum Computing

Investor TV Jul 20, 2026

Summary

Delta Gold's CEO argues gold's electron spins could enable a new qubit design, with patents filed by University of Toronto and Penn State.

The company holds exclusive licenses to university patents, funds one million dollars per university yearly, and targets 2028 for partnership talks.

Qubit error rates remain the bottleneck: today's best run one error per 6.5 million operations, a billion times less stable than a laptop.

Hosts urge junior-mining investors to expect losing half on any stock, diversify broadly, and judge holdings over years, not single quarters.

Don Durrett calls the venture a roll-your-dice bet: the R&D and patents are done, but whether it becomes a computer is unproven.

Per the guest, Fresnillo PLC made a hostile takeover bid for MAG Silver that the company publicly called a 'take under' — a dynamic he says Delta Gold must be aware of.

A host cites Newmont saying goodbye to the TSX last year as evidence that a Canadian listing is no longer essential, given what he sees as heavy short selling and 'hot money' coming out of Canada.

The host cites USAS as a textbook momentum round-trip: from about $1 last spring to over $10 on huge volume, then down more than 60% from the peak to around $4 as of the interview.
He says investors who chased it near $10 are now left deciding whether management ('Paul') can get the stock back to $10.

Top takeaway Calls the story fascinating but ultimately a 'roll your dice' situation — the open question is whether this technology actually turns into a working quantum computer.
Argues the company has offloaded the hard work: the universities run the R&D and the patents are filed, so it is now 'sitting back waiting to see how it unfolds.'
Expects quantum computing to eventually reduce the compute cost of AI 'by a factor of 100, maybe more,' and likes that the approach uses gold.
In the intro, pushes back on Rick Rule's 2-in-10 win rate: thinking long term, he expects about 7 of 10 picks to work out but always budgets for roughly three disappointments.
Pressed the CEO on whether the patents amount to more than an idea on paper, drawing out that about 40 people do daily lab work across the two universities.

Top takeaway Quoted secondhand by the host: Rule's approach is a basket of about 10 stocks in which two big winners carry the portfolio, and he repeatedly advises expecting to lose 50% on any single position.
Cited repeatedly as the touchstone for portfolio philosophy; the guest says he has known Rule for about 30 years.

Top takeaway Argues gold's unusual electron behavior gives it special quantum properties and that his company's gold-based qubit is a fundamentally new modality that is both scalable and stable — a claim he attributes to the heads of research at Penn State and the University of Toronto, not just himself.
Claims the company controls 100% of the University of Toronto IP plus a global exclusive perpetual license to three Penn State patent applications, and says it hired Nvidia's patent firm, Hayes and Boone, because it is ready to defend the IP.
Says 2028 is the earliest he would entertain partnership or takeover conversations, because the priority is building out the full patent profile first — 'you never flip the for-sale sign.'
Draws on about 40 years in capital markets: he founded Platinum Group Metals and its PGM-battery concept, co-founded MAG Silver, and has taken three companies public in New York — experience he says positions Delta Gold for a US listing.
Frames the stakes as transformative: he argues quantum computing would make AI compute dramatically cheaper, calls it the one risk to his own Bitcoin holdings, and says being even '30% right' would be very valuable.

Top takeaway Opens with sector triage after the painful mining sell-off (from March 1, or late January by Don's count): investors must do the homework and decide how much they can afford to lose, with many clients unhappy since 'the war.'
Uses Americas Gold & Silver's move from about $1 to over $10 and back to around $4 to illustrate why chasing momentum in the sector ends badly.
Relays Rick Rule's framework — two winners in a basket of 10 carry the whole portfolio, and investors should expect to lose 50% on any position — as the mindset needed here.
Promotes a jointly run mining and energy conference in Tempe, Arizona on September 18-20 near the Phoenix airport, and drives the interview's questions on the US listing path and takeover defense.