August 2022

FRESNILLO PLC, LARGEST PRIMARY SILVER MINER PROFITS CRUSHED: The Total Cost To Produce Silver & Why The AISC Is Bogus

The cost to produce silver at the world’s largest primary silver mining company is much higher than the market realizes.  In this update, I provide my analysis of Fresnillo’s silver costs for the first half of 2022 and why they are much higher than the AISC – All In Sustaining Costs shown by the industry…

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GLOBAL OIL INDUSTRY SLEEP-WALKING OVER THE ENERGY CLIFF: Killing The Oil Industry 10 Million Barrels At A Time

It amazes me how the market fails to realize that the global oil industry is sleepwalking over the ENERGY CLIFF.  Instead of being deeply concerned about our future, investors believe this is a temporary energy crisis solved by just investing more money in finding oil.  And… it’s even worse than that…

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