Dig Deep

In this episode, we chat with Peter Krauth, one of the leading voices in the silver market, to unpack the past, present, and future of this often-overlooked metal. We start by looking at silver’s long history as money and whether it could play that role again, before digging into the fundamentals of supply and demand, and the balance between industrial use and investment demand. We also explore who should consider owning physical silver, and why, and then tackle the big question for investors: if silver stocks are known for volatility, do the potential rewards justify the risk? To sign up for Peter's free newsletter, click on this link: https://thegoldadvisor.com/?refpartner=109 This episode is brought to you by Mining International, a global executive search partner to the mining industry. KEY TAKEAWAYS Silver is in a significant structural supply deficit, with annual demand consistently exceeding production from mining and recycling by 10% to 20% over the last five years. Industrial use, particularly in solar panel manufacturing, now consumes about two-thirds of the annual silver supply, a substantial increase from about half just five years ago. The gold-to-silver ratio is a critical indicator for investors, suggesting silver is undervalued when the ratio is high, as it currently takes significantly more ounces of silver to buy one ounce of gold than the historical average. Silver stocks offer significant leverage over the price of physical silver, and a substantial revaluation of these stocks is anticipated as producers report higher profit margins from elevated silver prices. BEST MOMENTS "Silver has been used as money for about 5,000 years... really, frankly, silver and or gold have backed money... for about the last 4,000 to 5,000 years." "I believe we’re going to, ultimately at some point, revert back to some kind of physically backed money by precious metals in some way." "Silver has more than 10,000 industrial applications; it’s the second most used commodity after oil." "I do talk in the book about my ultimate price target for silver being $300... as a sensation, I was called sensationalist for it... but I think we could certainly see that kind of thing happen again." GUEST RESOURCES https://thegoldadvisor.com/?refpartner=109 https://x.com/peter_krauth https://www.linkedin.com/in/peter-krauth/ www.silverstockinvestor.com https://www.amazon.ca/Great-Silver-Bull-Inflation-Profit/dp/1777953502 VALUABLE RESOURCES Mail: ⁠[email protected]⁠ LinkedIn: ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ X: ⁠https://twitter.com/MiningRobTyson⁠ YouTube: ⁠https://www.youtube.com/c/DigDeepTheMiningPodcast⁠ Web: ⁠http://www.mining-international.org⁠ CONTACT METHOD ⁠[email protected]⁠ ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

In this episode, we chat with Tim McCutcheon, CEO of Talisman Metals, to talk about building a copper exploration company from the ground up. We start with Tim’s career and how it’s shaped his approach at Talisman, before diving into early field results from Fougnar, what they’re seeing on the ground, and how it compares to known systems like Tizert. We also explore how he evaluates projects, allocates capital in the early stages, and builds teams to maximise discovery success. Finally, we’ll zoom out to discuss sediment-hosted copper, Morocco’s growing role in critical minerals, and how to create value across a portfolio without losing focus. KEY TAKEAWAYS Talisman Metals chose its project in Morocco because the copper mineralization outcrops at the surface, which eliminates the initial high-cost risks typically associated with finding a deposit. The project is located in the same sedimentary basin and just 25 kilometres away from the successful Tizert deposit, allowing the company to use similar geological models and local infrastructure. While the goal is to develop a standalone mine producing 20,000 to 30,000 tons of copper annually, the proximity to the major player Managem provides a natural "downside protection" through potential consolidation. Success in junior mining relies on a strict, step-by-step pyramid of risk removal, starting with low-cost mapping and geophysics before moving into expensive diamond drilling and feasibility studies. BEST MOMENTS "I got tired of basically commenting on what other people were doing—particularly in watching people make mistakes and seeing train wrecks way ahead of time." "The most important characteristic at this stage of exploration is enthusiasm. You can't be an entrepreneur and be pessimistic; it just doesn't work." "If the orientation of a sedimentary deposit is such that it's amenable to mining, you know exactly what you're pulling out of the ground... there's really no ambiguity between the two." GUEST RESOURCES https://talismanmetalsplc.com/ https://www.linkedin.com/company/talisman-metals-plc/ https://x.com/TalismanMining VALUABLE RESOURCES Mail: ⁠[email protected]⁠ LinkedIn: ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ X: ⁠https://twitter.com/MiningRobTyson⁠ YouTube: ⁠https://www.youtube.com/c/DigDeepTheMiningPodcast⁠ Web: ⁠http://www.mining-international.org⁠ CONTACT METHOD ⁠[email protected]⁠ ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/