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Proven Investment Strategies for the “Energy Decade” with Resource Insider’s Jamie Keech

MiningStockEducation.com Apr 9, 2026

Summary

Tech's growth has outrun the physical world's carrying capacity, making energy — not technology — the binding investment constraint of the decade.

An audit of 40-plus mining investments found advanced-stage explorers with defined resources and stable jurisdictions consistently outperformed, often doubling to 5X.

Grassroots drilling carried a near-100% failure rate, so returns came from private placements bought cheap and listed within 6 to 18 months.

An Oklahoma royalty venture and a North Dakota terminal bought at 5.7x EBITDA (core cash earnings) now pay dividends to private investors.

Junior mining is a capital-raising game where pressure to raise often turns operators from prey into predators, per Keech.

Key points on Equinox Gold

  • Keech says he was the first employee at Equinox Gold and was involved in building it into what he describes as a $20 billion company today.

Key points on Mayfair Gold

  • Keech says Mayfair Gold rolled its board, replaced its management team and has started advancing its assets significantly.
  • Resource Insider is still a shareholder and has made roughly a 100% return on Mayfair over the two years to early April 2026.
  • He calls that return mediocre for the current market, since the stock has underperformed its peers.
  • He offers two readings of that gap - an inferior asset and inferior team that is not valued appropriately, or governance and team problems that leave the stock undervalued - and says Resource Insider sits in the second camp.
  • He says there is still a lot of upside potential at Mayfair and that many of his readers hold the stock as well.

Key points on Montage Gold

  • Named as a good example of the advanced-stage exploration niche where, he says, Resource Insider's investments consistently beat the market and peers, often doubling to 5x.

Bill Powers's takeaways

  • Top takeaway He frames junior mining as a business where newcomers enter as prey and, if they stay, tend to become predators unless they hold themselves to moral guidelines.
  • He says a surplus of paid junior-mining newsletters has appeared since Substack launched, and presses Keech on what his team offers that the next newsletter cannot.

Jamie Keech's takeaways

  • Top takeaway He says his energy decade thesis is more right than ever: the tech apparatus has outgrown the carrying capacity of the physical world, and data center power commitments now run into the tens or hundreds of gigawatts, with one gigawatt roughly equal to 800,000 homes.
  • After auditing more than 40 mining investments, he concludes the repeatable edge is advanced-stage exploration - a resource or enough data to infer one, a team that can execute, and a stable jurisdiction - where returns often doubled to 5x.
  • Grassroots drilling is the opposite: he puts the failure rate near 100% with average losses of 50 to 80% of invested capital, and says the wins came from buying cheaply in private placements and exiting into the listing, not from discovery.
  • About 80% of what they do is still mining; the rest is energy businesses they build themselves, including an Oklahoma royalty venture and an infrastructure firm where members put in $24 million for a North Dakota terminal bought at about 5.7x EBITDA, now paying distributions, with further terminal bids and another acquisition under discussion.
  • He launched a public stock-picking service the week before the interview - roughly monthly picks, currently gold and copper - and says it made more money in the last 18 months than the private-placement business because volatility keeps creating entry points.