Long-form theses, field reports, and market commentary. Documented in the open — the thinking behind the positions, not just the trades. Filter, search, and sort the full catalogue below.
Categories are a descriptive organisation of the founder's own Field Notes — not a market-wide index and not investment advice.
Post-mortem, not an investment case: Great Panther Mining has been delisted and insolvent since September 2022, its equity effectively worthless. A case study in value destruction through the Tucano acquisition. "G3UD" is merely a Frankfurt residual-value ticker.
A high-grade epithermal silver discovery in southern Peru: Phase-2 drilling at the flagship Curibaya confirms bonanza grades across ~6 km of structures, and the EIA expansion opens the drill footprint. A sector and company analysis of Tier One Silver (TSXV: TSLV).
An early-stage silver-(gold) explorer in Peru (formerly Mantaro Precious Metals) with the flagship Santas Gloria — more than 12 km of mapped veins and kilometre-scale Ag-in-soil anomalies, but no resource yet. A sector and company analysis of FAS (TSXV: FAS).
A Western Australian explorer at the tipping point: the Gekko gravity plant is already producing gold concentrate at the flagship Revere, while the maiden mineral resource matures. A sector and company analysis of Everest Metals (ASX: EMC).
A twin-track critical-minerals explorer in central Brazil: the Palma VMS resource (copper/zinc) with an expansion path plus two IAC rare-earth projects as optionality. A sector and company analysis of Alvo Minerals (ASX: ALV).
A high-impact frontier story in the Namibian-Botswanan Kavango Rift: in 2026 prospectivity becomes a production test. Kavango West 1X delivers hydrocarbon flow, Elandshoek shows gas-to-surface. A sector and company analysis of Reconnaissance Energy Africa (TSXV/NYSE: RECO).
A high-grade iron-ore producer in Malaysia (Chaah, Johor) that additionally enters rare earths as Malaysia's first REE operator — cash flow plus optionality. Nexus to Brazilian Critical Minerals. A sector and company analysis of QNS (SGX Catalist: QNS).
Deliberately not a mining name: Ardmore Shipping is a product- and chemical-tanker operator — a cyclical play on freight rates, fleet renewal and capital discipline. A sector and company analysis of Ardmore Shipping (NYSE: ASC).
A Tasmanian critical-minerals name with three legs — IAC rare earths (T8), bauxite and the ALCORE fluorine-recycling project. The REE core targets the heavy rare earths dysprosium and terbium, exactly where China is throttling exports. A sector and company analysis of ABx Group (ASX: ABX).
A silver-lead and copper-gold developer with the Maronan deposit in north-west Queensland — a spin-out of ASX-listed Red Metal, with a granted MDL, a completed PEA and fresh high-grade drill hits. A sector and company analysis of Maronan Metals (ASX: MMA).
An ionic-clay REE project in the Brazilian Amazon extracted by in-situ recovery — with a BFS showing a post-tax NPV of US$1.47bn at just US$74M of Stage-1 CapEx. A sector and company analysis of Brazilian Critical Minerals (ASX: BCM).
A silver developer that, since February 2026, controls the world's largest fully permitted primary silver project — debt-free, with roughly US$100M cash and a producing gold cash-flow leg. A sector and company analysis of Highlander Silver (TSX/NYSE-A: HSLV).
Eine Goldgesellschaft, die ihre eigene Insolvenz überlebt hat — und die der Markt noch immer so bepreist, als wäre sie daran gestorben. Eine Sektor- und Unternehmensanalyse zu Namib Minerals (NASDAQ: NAMM), dem operativen Goldpreis-Hebel und der Survivor-Junior-Dynamik.
Eine umfassende Untersuchung der Seltenen Erden als strategische Substanz des kommenden Robotik-Zeitalters — von der Geologie Tasmaniens und der Antarktis über die Quantenphysik der 4f-Elektronen bis zur ökonomischen Vermessung menschlicher Arbeit über drei Jahrhunderte. Eine These über die größte Resourcen-Manie der Weltgeschichte.
Warum Dysprosium und Terbium die geopolitische Waffe der Roboter-Revolution sind — und der HREE-Markt einen deutlich größeren Hype-Cycle als Lithium auslösen wird.
China's sole silver ETF trades at a 12% premium while domestic exchanges hit historic inventory lows — private investors are storming the exits of a system that cannot deliver the metal they are buying.
Seven thousand years of monetary history, condensed into a single number — and what that number reveals about the modern market.
ABx's Deep Leads is Australia's premier clay-hosted HREE resource. Meryllion holds adjacent, geologically identical ground — marginally larger — at 40% of ABx's market cap. The gap is not explained by geology.
Corani holds 229 million ounces of silver at a C$95M market cap. At $100/oz silver, the math points between a C$29 base and a C$179 extreme — a Lassonde-Curve inflection hiding in plain sight.