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None of what you are about to read and/or hear is intended as financial advice nor trading recommendations. The nature of this interview is purely informational. This conversation is general and impersonal in nature. Read the full disclaimer (https://resourcetalks.com/disclosure/) before continuing.
According to their website, Nevada King is a dominant explorer and developer focused exclusively on the Battle Mountain Trend, Nevada’s most prolific gold mining trend. They’re Nevada’s 3rd largest active claim holder with a plan to become Nevada’s 2nd largest by 2023 and have a well-capitalized and highly experienced team with a goal to disrupt Nevada exploration.
All of this sounded interesting enough for me to bring their CEO – 31-year-old Collin Kettell – to the BBQ and grill him on what’s really going on in Nevada.
During one of the recent newsletters – that are published for free on this website – I also asked Collin why he needs such a technologically-heavy team, unless there are technical issues at the Atlanta ex-gold mine. His answer was interesting and can be heard here.
00:00 Important disclaimer – do not skip
02:00 What is “Nevada King”?
04:30 How does NKG plan on becoming the 2nd largest active claim holder in Nevada?
07:30 Is holding land in the US more expensive than in Canada?
09:10 What is the NKG’s end goal?
14:00 Cash, debt, runway
15:40 Will NKG have to raise capital soon?
17:25 Options & warrants
19:30 CEO’s average cost per share
20:50 CEO’s paycheck vs capital invested
22:00 CEO wearing too many hats?
27:20 The problem with exploring in Nevada
31:30 Overview of NKG’s project
33:10 How come nobody else picked up the land before NKG?
36:00 Atlanta past-producing gold mine overview
38:50 The main challenges over at Atlanta Gold Mine
42:00 Plans for Atlanta 2022 drilling
44:25 The main challenges over at Iron point
48:45 Iron Point timeline & plans
51:30 How many holes before NKG finds something?
52:00 What would an exit look like for NKG?
57:00 Timeline & forward-looking opinion on a possible exit
59:00 Plans for the other projects (Lewis, etc)
01:02:00 Inflation an issue in Nevada?
01:05:00 Is the team good enough?
01:12:00 What is the CEO working on right now?
01:14:00 What keeps the CEO awake at night?
01:15:30 Why does has the stock fallen?
01:18:20 Marketing plans & budget
01:21:00 Closing thoughts
Did I ask the right questions? What did I forget to ask? What should I ask next time? Please let me know.