Derek Iwanaka of Prince Silver Corp. talks to Jeff Clark | Metals Investor Forum Sept. 2026
Metals Investor Forum Sep 26, 2026 10:22
Summary
Prince Silver's CEO points to an exploration target of 75 to 150 million silver-equivalent ounces, with 10,000 meters drilled and three rigs on site.
An outside consultant is building the NI 43-101 resource around a 100 million silver-equivalent ounce target, likely landing around Q1.
Twin holes and statistical matching of historical drill results decide how much legacy data enters the new resource model.
The CEO sees silver, zinc, lead and manganese critical-mineral status opening a door to US government funding from a $30 billion earmark.
Structure is tight at 59.1 million shares with C$6.4 million cash at April quarter-end, and the host discloses he owns and recommends the stock.
Key points on Kinross Gold
- The guest says Kinross bought out his first company, Bima Gold, for $3.5 billion.
Jeff Clark's takeaways
- Top takeaway Discloses that Prince Silver is a stock he recommends and that he and members of his team own it.
- Suggests Prince Silver could be the next buyout given the CEO's track record of acquired companies.
Derek Iwanaka's takeaways
- Top takeaway Argues the drilling completed since he joined puts the project definitely in the 75-150 million silver-equivalent ounce exploration-target ballpark.
- Would rather take Prince Silver into production himself, though he calls a buyout along the way a very good option for some holders.
- Contends US critical-minerals funding is still available against a $30 billion earmark and that recipients' stocks always get a pop, and Prince Silver is pursuing it.
- Says the resource timeline is drill- and market-dependent, and a weak December market would push the release to January.
Mr. Ralph Edward Shearing B.Sc., P.Geo., P.Geol.'s takeaways
- Top takeaway The guest credits president Ralph Shearing's pedigree and says Shearing ran the company as de facto CEO before Iwanaka's arrival.