Kerry Lutz's--Financial Survival Network

Heye Daun, CEO of Osino Resources joined us for a sponsor update. Osino is developing the Twin Hills Gold District in Namibia; he’s moving rapidly to build a mine. Daun a native Namibian mining engineer has built several successful companies, which were successfully acquired. He cashed up Osino around 18 months ago, raising $19 million through a private placement and warrant exercise. Osino has been racing ahead ever since. It recently secured a non-dilutive $10 million credit facility to hasten the mine building process.

Earlier in the year Osino acquired the nearby Ondundu project from B2Gold, adding nearly 1 million more gold ounces to the resource. Now it’s just a shade under 4 million ounces, Daun is confident that the company can push it over 5-million-ounce mark.

He is undaunted by the junior sector’s current woes. While he’s open to Osino acquisition by an appropriate suitor, he’s very content to build this mine. Improving the lives of his countrymen is extremely important to him. Namibia is a very stable country that is openly supportive of the mining industry. When combined with the project’s economics the story is quite compelling. Based on $1700 per ounce gold, the company will be generating substantial cash flows upon mine completion, which Daun expects in 2025. Higher gold prices and enhanced exploration potential will make the project that much more profitable.

Everything is looking up for Daun and Osino Resources and so is the share price. It seems that word has gotten out among well-heeled Namibian investors, they have been buying up shares at an impressive rate.

Company website: www.OsinoResources.com

Ticker Symbols: OTC:OSIIF  TSXV:OSI  FSE:R2R1

We sat down for a sponsor update with FPX Nickel’s CEO Martin Turenne. Interest in FPX has increased greatly as major nickel customers line up to secure future deliveries. In addition, FPX built a pilot production plant to prove the efficacy of its nickel sulfate refining process and its ability to produce high-grade metal, without the need for smelting. Results from the first 18 tons of material are expected before year end (or early January) and Martin says the metallurgical results are huge and could be just the catalyst FPX needs for a revaluation of its shares.

Nickel has been hot. A March short squeeze sent it soaring and it has since come back down to earth, but it was still trading at a healthy $11 per pound the day we spoke. That’s a level Martin is very comfortable with.

He’s extremely bullish and for good reason. The recently passed US Inflation Reduction Act has many benefits for the battery metal sector and FPX in particular. The Act provides a $7500 tax credit to EV purchasers, provided that the batteries contained therein were produced in the US with materials from the US, Canada and Australia. This has led to a surge of companies seeking to build battery factories in the US.

Additionally, the Act provides $750 million to junior companies to help them perform the requisite studies and compliance requirements needed to fast-track their production. This is a tremendous boost to smaller companies seeking ever more scarce capital.

Step-out drilling continues at the Van Deposit. Results will be forthcoming shortly. An updated mineral resource estimate is on the way for the Baptiste Deposit. Therefore, all the steps are in place for FPX to advance its projects and ultimately realize its true value.

Company website: www.FPXNickel.com

Ticker symbols: OTC: FPOCF — TSX-V: FPX

Summary:
An undeniable paradigm shift taking place lies in the move towards self sufficiency. This is a major component of the rural lifestyle, and Aaron Clarey comes on the show to talk about some of the things he noticed when transitioning out of urban life in his move to South Dakota. Aaron describes many of these changes as psychological. Leaving a big city means getting used to a slower pace of living, with less hustle and bustle and establishments that shut down earlier. He has found himself less concerned with the US/global economy, and has an interesting perspective on these things in relation to his life in a rural community. Tune in for more insight.

Highlights:
-There are paradigm shifts taking place, and a major trend taking place is the move towards self sufficiency
-Many people experience a shock when they go to less urbanized areas
-Aaron has adapted to the rural lifestyle, having lived in South Dakota for a while now
-One of the biggest adjustments is going from the hustle and bustle of traffic and constant activity to the slower life or rural communities. It’s a psychological adaptation
-Establishments have fewer employees, and thus close down earlier
-Higher end amenities are few and far between
-There is a greater sense of community in more rural areas, which comes with heightened accountability—but this is good thing
-Aaron feels somewhat divorced with the US/global economy, but this comes from his job. He considers himself a contrarian investor
-Aaron is also a minimalist; he doesn’t have many expenses
-It’s good to pay attention to politics and economics, but responding with anger doesn’t accomplish anything.
-Accept what you do and do not control, and don’t let the negative things that aren’t in your control bring you down

Useful Links:
Financial Survival Network
Captain Capitalism
Aaron's Consulting Company