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Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com Michael S. (Mickey) Fulp [email protected] www.MercenaryGeologist.com MercenaryGeologist.FM Twitter: @mercenarygeo
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Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Jun 04, 2018

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Page 1: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Michael S. (Mickey) Fulp [email protected]

www.MercenaryGeologist.com

MercenaryGeologist.FM

Twitter: @mercenarygeo

Page 2: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Disclaimer

I am not a certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in

any report, commentary, this website, interview, and other content constitutes or can be construed as

investment advice or an offer or solicitation or advice to buy or sell stock or any asset or investment. All of my

presentations should be considered an opinion and my opinions may be based upon information obtained from

research of public documents and content available on the company’s website, regulatory filings, various stock

exchange websites, and stock information services, through discussions with company representatives, agents,

other professionals and investors, and field visits. My opinions are based upon information believed to be

accurate and reliable, but my opinions are not guaranteed or implied to be so. The opinions presented may not

be complete or correct; all information is provided without any legal responsibility or obligation to provide

future updates. I accept no responsibility and no liability, whatsoever, for any direct, indirect, special, punitive,

or consequential damages or loss arising from the use of my opinions or information . The information

contained in a report, commentary, this website, interview, and other content is subject to change without

notice, may become outdated, and may not be updated. A report, commentary, this website, interview, and

other content reflect my personal opinions and views and nothing more. All content of this website is subject

to international copyright protection and no part or portion of this website, report, commentary, interview, and

other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the

express written consent of Michael S. (Mickey) Fulp, MercenaryGeologist.com LLC.

Copyright © 2016 Mercenary Geologist. All Rights Reserved.

Page 3: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

From Boom To Bust & Back Again

• 4 to 7 Year Commodity Cycles

• 20 to 30 Year Secular Trends

• Supply & Demand Fundamentals

• 40 - Year Career: Economic Geologist

• 5 Price Cycles / 8 Career Changes

Page 4: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

$0

$500

$1,000

$1,500

$2,000

1975

1980

1985

1990

1995

2000

2005

2010

2015

Gold Spot Price Monthly Avg: 1975-Present

Page 5: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 6: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 1976 - 1981

Page 7: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 8: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Bust 1981 - 1985

Page 9: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 10: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom to Bust 1986 - 1990 Western US & Mexico

Page 11: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 12: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

1990 - 1991 Latin America

Page 13: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

New Area Plays & Windfall Mines

• Diamonds, NWT 1991 Three Mines

• Voisey’s Bay, Labrador 1993 One Mine

• Pierina, Peru 1996 Two Mines

Page 14: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 15: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 1993 - 1997 New Mexico

Page 16: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Gold Scams 1996 -1997 & Bust

• Delgratia Mining & Golden Rule Resources

• Bre-X, Kalimantan

• Thailand Bank Failure = Asian Contagion

• Low Commodity Prices 1997 - 2003

• Result: 43-101 Regulations 2000 - 2001

Page 17: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 18: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

1997 - 1998 La Libertad, Peru

Page 19: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Bust 1997 - 2003 Central New Mexico

Page 20: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 21: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 2005 Independence, Nevada

Page 22: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 2006 Toodoggone, B.C.

Page 23: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 2007 Region IV, Chile

Page 24: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom 2007 Sierra Madre, Mexico

Page 25: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 26: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Bust: Global Economic Crisis 2008

MercenaryGeologist.com

• Exploration & Mining Analyst

• Business Develop & Finance

• Newsletter Writer

• A-V Media & Speaker

Page 27: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

PDAC Toronto 2011

Page 28: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

New York City 2013

Page 29: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Rompas Project, Northern Finland 2016

Page 30: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

REE Boom, Bust, & Bankruptcy 2009 - 2015

Page 31: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Boom to Bust 2010 - 2016

Page 32: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Gold & TVX Index 2002 - 2016

Page 33: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Copper Mine Production 1900 - 2014 (ICGS)

Page 34: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

World Population & Cu Consumption (ICSG)

Page 35: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Page 36: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

New Copper Required Per Year

Page 37: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

2010 - 2020 Brain Shortage

• Experienced Geologists & Engineers

• Generation of Professionals Missing

• Commodities Supply & Demand

• Prospectors & Mappers

• Boot Leather & Drilling

• Mentor Students & Young Professionals

Page 38: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

The Importance of Mentors

Page 39: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Exploration & Mining Geology

• See the World

• Explore, Develop, Mine

• Create Wealth

• Make Earth a Better Place to Live

Page 40: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Why I Do What I Do

Page 41: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Monday Morning Musings from

Mickey the Mercenary Geologist

Page 42: Michael S. (Mickey) Fulp - Gold Geologist Boom to Bust & Back Again … · Michael S. (Mickey) Fulp, M.Sc., C.P.G. Disclaimer I am not a certified financial analyst, broker, or professional

Michael S. (Mickey) Fulp, M.Sc., C.P.G. www.MercenaryGeologist.com

Michael S. (Mickey) Fulp [email protected]

www.MercenaryGeologist.com

MercenaryGeologist.FM

Twitter: @mercenarygeo