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Erik Wetterling – Value Proposition In BCM Resources, PJX Resources, and Goliath Resources

The KE Report Aug 11, 2026

Summary

Three junior explorers — BCM Resources, PJX Resources, and Goliath Resources — each carry unique near-term catalysts that Erik Wetterling argues already justify a position.

BCM Resources' TK20 hole cut 550m+ of porphyry and skarn at Thompson Knolls, Utah, hitting what looks like the molybdenum-rich core of a porphyry system.

PJX's $6.3M raise funds an early-stage hunt for a Sullivan-style Sedex discovery alongside a RIRGS gold target that's already showing visible gold at surface.

Goliath confirmed a 320-meter northeast step-out of the Golden Gate Zone on its Golddigger property, continuing a season of footprint expansion.

Erik raises the possibility that Goliath could become an M&A target as majors like McEwen take positions in the expanding Surebet system.

Erik Wetterling's takeaways

  • Top takeaway The guest calls BCM Resources' TK20 hole — a minimum 550-meter intercept of molybdenum-rich, potassium-core porphyry mineralization below 500m of cover — one of the most exciting stories he knows right now and says he has been obsessing over the update.
  • He flags tier-1 signaling because Rio Tinto staked ground around BCM in Utah and may already be drilling nearby, and the CEO Sergei Dyakov previously led the BHP team that found Oyu Tolgoi.
  • Near-term catalysts include a visual update on TK20's end-of-hole depth (past 1.2 km with a more copper-rich bottom), assays from TK20 and the other step-out holes, plus the upcoming TK21 hole chasing the copper shell.
  • He highlights the C$0.30 warrants that could be accelerated if the stock stays above C$0.45, potentially bringing in up to C$10 million of forced warrant exercise capital to fund further drilling.
  • On PJX he frames it as a high-risk early-stage, pre-discovery position he is willing to add to only on success, and on Goliath he sees a complex, retail-fatiguing expansion story where an acquirer (à la Great Bear) may be the ultimate exit.