We were joined by Eminent Gold’s CEO Paul Sun, along with the technical team, including Senior Geologist Dan McCoy, Justin Malliard and Ajeet Malliard (all PhD’s) for a sponsor update. Things have been moving along quickly at the Gilbert South and Hot Springs Range projects. The recent geophysical campaign at Gilbert South has yielded impressive results. It has provided further clarity to the already identified multi-kilometer length faults hosting gold bearing veins and allowed Eminent to identify definitive drill targets for this year’s program.

Senior Geologist Dan McCoy has over 30 years’ mining experience around the world and was lured out of retirement by Eminent’s potential for big discoveries. He is searching for 10+ million ounces of bonanza grade gold and believes the team is looking in all the right places. These projects have had limited exploration in the past. By using the latest technology, the team is seeing these projects with new eyes.

An overview of the Hot Springs Project was also given. Ajeet and Justin identified this property as one with great prospectivity and staked it, all while doing their doctoral dissertations. They wasted no time putting their degrees to work. Permits are in place and drilling is ready to begin. With all of this happening, there’s a certain inevitability that Eminent Gold is on the cusp of a major Nevada gold discovery. This is exactly why we’re shareholders.

Company Website: www.EminentGoldCorp.com

Ticker Symbols: OTCQB: EMGDF — TSX-V: EMNT

Direct download: 051_Eminent_Gold_FSN.mp3
Category:general -- posted at: 10:00am EDT

Summary:
I have Wolf Richter on the show to discuss some of the direct effects of inflation and how they’ve been impacting our day to day lives. Not only does this phenomenon turn savers into spenders; we are ultimately spending more regardless due to property rents spiking, used automobiles going up in price, and shortages of materials/laborers. The list goes on—tune in to hear more about what has changed in the economy and some of the forthcoming shifts to expect.

Highlights:
-Just yesterday, the wholesale price index was up 9.7%
-Is the inflation rate really running double what the government says it is? It’s certainly higher
-Inflation has a pervasive effect, turning savers into spenders
-There’s an above average supply of used vehicles, but prices continue to spike
-Rents have been going up significantly, especially in metropolitan areas
-Asking rents have spiked
-Building a home requires a lot of planning ahead in consideration of the required resources and labor; it’s not as simple a process to start as it used to be
-There are shortages of materials/laborers
-Higher wages won’t solve all problems, but are definitely part of the equation
-Some of the labor force has stopped working and started living off their crypto earnings
-We will probably see a downward trend of asset prices

Useful Links:
Financial Survival Network
Wolf Street
Markets and Bonds with Ross Clark; Truckers and Cryptos with John Rubino; Autos and Real Estate with Wolf Richter.
Real Inflation, Could Interest Rates Rise Faster Than Expected? Wolf Richter – Dec. 29, 2021

Direct download: Wolf_Richter_16.Feb.22.mp3
Category:general -- posted at: 8:00am EDT

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