FOUR REASONS FOR OPTIMISM

Dr Alex Cowie

WHERE ARE WE NOW?- XMM INDEX STILL NEAR LOWS

SMALL RESOURCES INDEX – XSRIF YOU LIKE TO ‘BUY LOW’ … NOW YOU CAN

4 REASONS FOR OPTIMISM

• 1: SYNCHRONOUS GROWTH IN EUR / JAP / US / CHINA

• 2: FALLING AUSSIE DOLLAR• 3: CHANGE OF GOVERNMENT

• 4: A TOTALLY NEW CHANNEL TO RAISE CASH

#1: SYNCHRONOUS GROWTH NOW IN ALL MAJOR GLOBAL ECONOMIC REGIONS

… EVEN THE ‘PIGS’ ARE GROWING!

#2 A WEAKER AUSSIE IS GOOD FOR MINING

#3: A CHANGE OF LEADERSHIP

FUNDING OPTIONS:

•ECM, DEBT•CONVERTIBLES•PE / VC•STREAMING / ROYALTIES•ASX BOOKBUILD

#4: NEW WAY FOR SMALL COMPANIES TO ACCESS CAPITAL :

CAPITAL RAISED ON ASX BEEN STEADY

ASX MATERIALS AND ENERGY: CASH IS LOW AT THE SMALL END,

COMMODITY FOCUS

• #1: SPECIALITY MINERALS

• TECH SPACE IS CURRENT MARKET DARLING

• RESOURCES WITH A TECH ANGLE OUTPERFORMING:

• OROCOBRE (ORE) IS UP 150% IN SIX MONTHS. • INCREASINGLY CORRELATED TO TESLA (NASDAQ:TSLA)

• SYRAH RESOURCES (SYR), GRAPHITE EXPLORER, • IS NOW UP 3,000% IN 24 MONTHS

#2: BASE METAL STOCKS

#3 GOLD: TOUGH TIMES DEMAND QUALITY PROJECTS

• LOW COST PRODUCERS:• BEADELL (BDR)• OCEANAGOLD (OGC)

• HIGH QUALITY EXPLORERS: • PAPILLON (PIR)• SIERRA MINING (SRM)

• E.g.: 53m at 3.2% Cu and 5.2g/t

BUT IGNORE REAL BOND YIELDS AT YOUR PERIL:…THEY ARE NOW AT LEVELS THAT HAVE HAMSTRUNG GOLD IN THE PAST

‘TREASURY INFLATION PROTECTED SECURITIES : GOLD’ RATIO- CURRENTLY A GOOD ROADMAP FOR TRADING GOLD + GOLD EQUITIES

THANK YOU FOR LISTENING

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