#1 Strategy for Junior Mining Speculation with Portfolio Manager Tavi Costa (Crescat Capital)

Crescat Capital portfolio manager Tavi Costa reveals the fund’s approach to junior mining speculation, including the #1 thing they look for even more than management’s experience and qualifications. Tavi shared regarding the current opportunity for junior mining speculators: “the beauty of now though, with valuations where they are, is that you are able to find a company with already a discovery hole trading sub-$20mm market cap which is unusual”….“the market is giving us a gift right now to put money to work in things that we believe are, probabilistically-speaking, onto something very interesting.”

Tavi is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat’s macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

0:00 Introduction
1:10 How Crescat Capital speculates in jr mining stocks
7:13 Investing in exploreCos before the discovery hole
8:22 Investing in privateCos
8:55 Top-down investing
10:24 How do you measure success?
13:32 Crescat is an activist investor
14:49 Exit strategy?
16:50 Buying pre-production companies
17:44 Trimming your winners?
20:20 Exercising warrants
22:27 Heading a jr mining portfolio
23:36 ESG
25:40 Bullish energy?
26:35 Bullish agriculture?

Tavi’s Twitter: https://twitter.com/TaviCosta