Blog
Pillar content on the Junior Mining industry, AI research methodology, and company-profile deep-dives.
- Methodology·8 min read
Mining Jurisdiction Risk Is Two Numbers, Not One
A jurisdiction-attractiveness ranking is a forward-looking sentiment average across an entire industry. A permitting timeline is backward-looking, project-specific, outcome data that captures fat-tail risk the average never will. Two case studies — Resolution Copper in Arizona, Loma Larga in Ecuador — show why coverage needs both.
Read more →
- Methodology·7 min read
NI 43-101 and JORC Use the Same Words for Different Rules
A Measured Resource means the same thing under NI 43-101 and JORC — same CRIRSCO ancestry, same category names. What differs is enforcement, the Qualified Person/Competent Person membership test, and a legal bridge between the two codes that Canada's regulator has proposed to remove.
Read more →
- Methodology·7 min read
A Qualified Person Isn't a Credential — It's a Role You Take On
"RQP" and "QPR" are not formal terms — but the instinct behind the search is right. A Qualified Person must be registered with a recognized professional body, and the document they sign is called a Technical Report or Technical Report Summary. How to verify both.
Read more →
- Industry·6 min read
Why Junior Miners Matter — The Pipeline Economics of the Mining Industry
Junior Miners generate more than 60% of all new mineral discoveries. Senior Miners grow via M&A, not via exploration. Anyone not tracking the Junior pipeline misses 60% of future mining value creation.
Read more →
- Methodology·7 min read
AI Hallucinations in Investment Research — Why Mineralis Has a Numbers-Guard
Mainstream LLMs (ChatGPT, Claude, Gemini) hallucinate on 30-40% of mining number queries. For investment research that is disqualifying. Mineralis has a deterministic Numbers-Guard that validates every AI number against the source data.
Read more →
- Company Profile·8 min read
Inside Lundin Gold (TSX:LUG) — How We Score the NI 43-101 Report
Lundin Gold (TSX:LUG), scored under engine v0.1: partial MAS-Score 49/55 from three sub-scores. Underground gold, Fruta del Norte (Ecuador), grade 8.68 g/t, cash $412M USD, CEO since 2017. We walk through each sub-score and show how it is computed from the NI 43-101, MD&A, and Proxy filings. The live profile now shows 79/100 across all 8.
Read more →
- Methodology·9 min read
Reading a Mining Company's PEA — What Equity Analysts Miss
Most coverage of junior-miner PEAs stops at NPV and IRR. Seven other numbers — discount rate, metal-price deck, recovery, contingency, sustaining capital, strip ratio, payback timing — decide whether the headline is defensible. A field guide to reading the document past the press release.
Read more →
- Industry·8 min read
Federal Reserve Decisions and Junior-Miner Capex Cycles
Junior miners are not bank-financed — they are equity-financed. Fed policy reaches them through three channels: the dollar and the metal price, the cost of equity capital, and senior-miner M&A appetite. Two practical heuristics for cycle-aware coverage and what they mean for the 2026 financing window.
Read more →
- Industry·10 min read
The Discovery-to-Production Pipeline — Why Mining Has a 12-to-16-Year Lag
A copper deposit discovered in 2026 will produce first concentrate around 2042. The energy-transition demand curve cannot be met from discoveries not yet made — it is supplied by projects already mid-pipeline. The seven stages, the structural bottlenecks, and the portfolio-construction implications.
Read more →