“Decade of the Miner”: Generational Opportunity & Smarter Due Diligence with Expert Jonathan Goodman

In this episode of Mining Stock Education, host Bill Powers interviews Jonathan Goodman, President and CEO of Dundee Corporation, about the transformative opportunities in the mining sector over the next decade. Goodman argues that mining has entered a 'generational opportunity' due to global supply chain vulnerabilities, geopolitical shifts, and renewed focus on domestic resource development in North America. He emphasizes that governments in the U.S. and Canada are now actively working to streamline permitting, marking a significant departure from past delays. Goodman shares his deep skepticism toward traditional valuation tools like DCF models, citing how they fail to account for the long-term potential of mines that exceed initial life estimates. He critiques the current 43-101 process for turning feasibility studies into marketing documents, urging investors to focus on the 'recommendations' and 'risks' sections to uncover hidden upside. Drawing from his experience building mines in Bulgaria and Serbia, he highlights the importance of geological realism, conservative engineering, and independent due diligence. Goodman also discusses Dundee’s strategy of investing in small, high-potential assets—like the West Haven project—where early-stage, low-cost development can unlock massive value. He concludes with practical advice for retail investors: focus on track record, understand the science behind the geology, and avoid emotional attachment to stocks.