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Newsletter Favorites Upside (using New GSD Defaults)

Don Durrett Mar 14, 2026

Summary

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.

Key points on Artemis Gold

  • The host calls Artemis Gold a Canadian producer that prints as a five-bagger at his new $7,000 gold default price.

Key points on B2Gold

  • The host is struck that B2Gold, a major, prints as a roughly 8.5-9 bagger at $7,000 gold while trading at a future multiple of about one, and he sees room for roughly eight multiple expansions toward a 10 multiple.
  • He says the key for B2Gold is the Mali operation, where the company is doing some growth.
  • He notes B2Gold is ramping up its Alaska project with no problems there, and is building another mine in Ecuador.

Key points on Coeur Mining

  • The host reacts that Coeur Mining prints as an eight-bagger at $7,000 gold and says it looks great.

Key points on DPM Metals

  • The host describes DPM Metals as a shark that he expects to keep growing through acquisitions.

Key points on Equinox Gold

  • The host calls Equinox Gold unbelievably cheap for a company of that quality, printing as an almost 6.5-bagger at $7,000 gold.

Key points on First Majestic Silver

  • The host says First Majestic Silver printing as a six-bagger at $7,000 gold does not surprise him much.

Key points on G Mining Ventures

  • The host calls G Mining Ventures a shark and says he thinks it is going to acquire Cabral and keep growing.

Key points on Pan American Silver

  • The host calls Pan American Silver a high-quality company printing as a seven-bagger at $7,000 gold.
  • He expects it to be a three-bagger soon and says to watch it double in value.

Key points on Perseus Mining

  • The host is amazed that Perseus Mining, a company of that quality, prints as a seven-bagger at $7,000 gold.

Key points on SSR Mining

  • The host notes SSR Mining just sold its Turkey project for $1.5 billion all in cash, and it remains to be seen what it does with the money.
  • He calls SSR a strong mid-tier producer that unbelievably prints as an eight-bagger.

Key points on Alkane Resources Ltd

  • The host says Alkane is very cheap, generating a lot of free cash flow, and building a second mine, making it roughly a three-year bet.

Key points on Americas Gold & Silver Corp

  • The host really likes Americas Gold & Silver, calling it steady growth and a producer that prints as a 10-bagger.

Key points on Aris Mining Corp

  • The host says Aris Mining prints as an eight-bagger, but it is less juicy because it has to build two mines, one in Colombia and one in Guyana.

Key points on Asante Gold Corp

  • The host warns Asante Gold has been having ramp-up problems and is super high risk until it gets its free cash flow in order.

Key points on Avino Silver & Gold Mines Ltd

  • The host finds it unbelievable that Avino prints as a 20-bagger on steady, all-organic growth yet nobody wants to buy it.
  • He attributes the lack of interest to nobody believing in $200 silver.

Key points on Aya Gold & Silver

  • The host says Aya's Boumadine looks great, should go into construction next year and should rip higher.

Key points on Bellevue Gold

  • The host says Bellevue Gold printing as a six-bagger is no surprise, calling it an Australian mid-tier.

Key points on Denarius Metals

  • The host calls Denarius Metals really juicy: Zancudo is up and running, the company is building its mill, and it needs to expand production next year.
  • He notes Denarius then has to build Lomero, making it roughly a Q2 2028 story.
  • He expects both Denarius and Talisker to rip by the end of 2027 going into 2028, with the stock printing as a 20-plus bagger.

Key points on Discovery Silver Corp

  • The host says Discovery Silver has the Cordero project and the market is waiting for it to be permitted, with probably a two-year build.

Key points on Eldorado Gold

  • The host calls Eldorado Gold another big company that is cheap, printing as a six-bagger at $7,000 gold.

Key points on Fortuna Mining

  • The host says Fortuna carries West African risk but the mid-tier still prints as a seven-bagger.

Key points on Galiano Gold Inc

  • The host calls Galiano a very cheap West African stock with a lot of leverage that looks good if you don't mind West Africa.

Key points on Gogold Resources

  • The host says GoGold has to build two mines, which lengthens the wait for the upside to be realized.

Key points on Greatland Resources Ltd

  • The host says he loves Greatland, which prints as a seven-bagger but is starting to get expensive and has to build its Avaron project.

Key points on Guanajuato Silver

  • The host highlights Guanajuato Silver as a producer on the list that needs no growth and is just really cheap right now.
  • He says if silver goes to $200, Guanajuato has massive leverage, and could be a 20-bagger this year.
  • He caveats the leverage holds only if the company does not default.

Key points on Hochschild Mining Plc

  • The host finds it crazy that Hochschild prints as an eight-bagger at $7,000 gold.

Key points on Integra Resources

  • The host says Integra has to build two mines including Delamar, making it roughly a three-year story.

Key points on Jaguar Mining Inc

  • The host says Jaguar needs to expand production and that he really likes the story a lot.

Key points on Mineros S.A

  • The host calls Mineros S.A. an under-the-radar mid-tier producer trading really low, with a future multiple of 0.78 — under one on future free cash flow, which he calls insane.
  • He says he recently bought the stock because it looks like the company is going to build a mine, and it prints as a 14-bagger at $7,000 gold.
  • He notes Mineros has a new team and is going to hire a new CEO, which makes it look good to him.

Key points on Orezone Gold Corp

  • The host says Orezone is expanding production next year, is really cheap in West Africa, and trades at less than a one future multiple.

Key points on Resolute Mining Ltd

  • The host calls Resolute a very cheap West African stock.

Key points on Silver X Mining

  • The host says Silver X did a PEA to expand production to 6 million ounces for less than $100 million and has really good leverage, but the market needs more guidance.

Key points on Silvercorp Metals Inc

  • The host says Silvercorp printing as a seven-bagger is a good risk-reward play.

Key points on Talisker Resources Ltd

  • The host says Talisker has to grow production into 2027 and the stock should rip, alongside Denarius, by the end of 2027 going into 2028.

Key points on Vault Minerals

  • The host finds it unbelievable that Vault Minerals, a mid-tier producer in Australia, prints as a 10-bagger, and says it looks great.

Key points on West Red Lake Gold Mines

  • The host says West Red Lake has to expand production and get rowing, making it more of a three-year play.

Key points on Westgold Resources Ltd

  • The host says he loves Westgold and that getting it as an eight-bagger at $7,000 gold is probably his favorite Australian mid-tier thesis.

Key points on 1911 Gold

  • The host says 1911 Gold prints as a 20-bagger at $7,000 gold but needs to expand production, making it roughly a three-year story going into production next year.

Key points on Aftermath Silver

  • The host calls Aftermath Silver a long-term development play working on a PFS, saying it needs to advance but has huge leverage.

Key points on Amex Exploration

  • The host describes Amex Exploration as a three-to-four-year development deal in Canada.

Key points on Argenta Silver

  • The host describes Argenta Silver as a long-term drill story of about four years.

Key points on Cabral Gold

  • The host says he thinks G Mining Ventures is going to acquire Cabral.

Key points on Chesapeake Gold

  • The host says Chesapeake Gold prints as roughly a 50-bagger at $7,000 gold, with a $173 million market cap he considers ridiculous.
  • He explains the discount: a legal issue on one of its leases is putting downward pressure on the stock, and it still needs its permit for a big open pit followed by an approximately three-year build.
  • He notes the project models 200,000 ounces of gold and 2.5 million ounces of silver, generating about $1.4 billion of free cash flow at $7,000 gold.
  • He frames it as a long-term spec bet and says he would be very happy with a five-bagger since he is late in the cycle and would exit early rather than wait for the full move.

Key points on Montage Gold

  • The host says Montage Gold is going to be in production in 2027.

Key points on New Found Gold

  • The host calls New Found Gold a long-term bet of three to four years.

Key points on NexGold Mining

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

Key points on P2 Gold

  • The host calls P2 Gold a Lahontan twin — both print as 15-16 baggers, P2 has a slightly bigger resource, and he likes it as a pair bet.

Key points on Revival Gold

  • The host calls Revival Gold another long-term play that has to build three mines.

Key points on Rua Gold

  • The host says Rua Gold's fate partly hinges on next year's New Zealand election: if the pro-mining government wins, it gets three more years, and a loss would slow the company down but not kill it.

Key points on Scottie Resources

  • The host calls Scottie Resources a three-year story but points to the leverage, printing as a 16-bagger.

Key points on Silver Mountain Resources

  • The host really likes Silver Mountain as an under-the-radar near-term producer that he featured in his article, and he believes it is in Peru.

Key points on Silver One Resources

  • The host says Silver One has to build its mine but he believes it is fully permitted, making it juicier, and a PFS underway could speed it up so the stock has legs by the end of next year.

Key points on Silver Storm Mining

  • The host says Silver Storm has to build San Diego.

Key points on Silver Tiger Metals

  • The host says Silver Tiger has to build two mines, which will take three or four years.

Key points on Skeena Resources

  • The host says Skeena is going to go into production soon in Canada.

Key points on Spanish Mountain Gold

  • The host says Spanish Mountain will take time — another two-to-four-year, high-capex story.

Key points on Tudor Gold

  • The host says Tudor Gold is really long term, about four years out.

Key points on Highlander Silver Corp

  • The host says Highlander has to build, probably entering construction late 2027 or 2028, a three-year play on the project it got from Bear Creek.

Key points on K2 Gold Corp

  • The host reacts that K2 Gold prints as a six-bagger at $7,000 gold.

Don Durrett's takeaways

  • Top takeaway The host raised his GSD default price assumptions on the day of the video to $7,000 gold and $200 silver, from $6,000 and $150, because he sees at least an 80% probability of $7,000 gold within 24-36 months.
  • He argues only two things can prevent that move — a strengthening US economy that avoids recession, or some kind of monetary reset reducing the need for gold — and he assigns both a low probability.
  • On silver, he targets roughly $175-200 if gold reaches $7,000, expecting the gold-silver ratio to squeeze toward 2.5-3%, and believes any overshoot above $200 (as Michael Oliver expects) would be temporary and correct back, with $200 holding.
  • Walking through his 90-stock newsletter favorites list out of about 165 holdings, he says the upside numbers at the new defaults are the best he has seen and warns the opportunity won't last long.
  • He stresses timing matters: stocks needing three-to-four-year builds (like Chesapeake, Silver Tiger, Tudor) are longer-term bets, while producers like Guanajuato Silver offer immediate leverage if silver hits $200.