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Mickey Fulp – “Nevada is Simply the Best”

 

 

 

 

In my opinion, Nevada is hands down the world’s premier venue for gold exploration and mining for a litany of reasons:

 

 

  • It is the world’s 4th largest gold producer behind China, Australia, and Russia with nearly 5.3 million ounces of production in 2016.

 

  • It is a geologically endowed gold province with several types of economic mineral deposits hosting world-class tonnages and/or grades.

 

  • It currently has nearly 40 active gold mines and also hosts the world’s largest and most comprehensive gold processing facilities. Six operating mills in northern Nevada process a wide variety of simple, complex, and refractory gold ores.

 

  • It is part of the United States of America where geopolitical risk is low, mineral tenure is secure, and the rule of law is sacrosanct.

 

  • In 2015, the mining industry had over 14,000 direct employees and an additional 65,000 goods and services jobs. The average mine employee was paid $92,000.

 

  • It is located in an arid, moderate, intercontinental climate with excellent infrastructure, unsurpassed accessibility, and a services industry that allow year-round mining operations and with a few exceptions in the northern part of the state, year-round exploration.

 

  • It has a low-density population that outside of the two major metropolitan areas, makes its living off the land by farming, ranching, and mining.

 

  • It has no personal or corporate state income taxes. Mining companies pay a 5% net mineral proceeds tax. With the recent Trump tax cuts, US-domiciled corporations and subsidiaries will pay a competitively low 21% federal income tax beginning in 2018.

 

  • With exception of the Las Vegas and to a lesser extent, the Reno and Lake Tahoe areas that rely on gambling revenues, the population is rural, individualistic, and overwhelmingly supports extractive industries.

 

  • It has a reasonable regulatory state bureaucracy that ensures environmentally responsible, safe development, production, and reclamation.

 

  • 85% of the state is federal land, mostly Bureau of Land Management with significant military reservations and minor Forest Service holdings. With exception of areas withdrawn for military purposes, the vast majority of federal lands are open to mineral entry.

 

  • A US Forest Service bureaucracy that formerly used bureaucratic, regulatory, and legal tactics to advance the Obama regime’s anti-development agenda has now become responsive and efficient under the Trump administration. Timely processing of work applications, permitting, and environmental documents is now the norm.

 

 

 

I prefer to put my hard-earned speculative dollars into gold explorers in the Western US and will continue to do so as the new bull market for all metals, including gold, continues to develop.

 

 

 

In that regard, I encourage you to stay tuned for a couple of Nevada stock picks in the coming days.

 

 

 

 

Ciao for now,

 

 

 

 

Mickey Fulp

Mercenary Geologist

 

 

 

 

 

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North and South America, Europe, and Asia.

 

 

Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for over 20 years, specializing in geological mapping, property evaluation, and business development.  In addition to Mickey’s professional credentials and experience, he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia. 

 

 

Mickey is well-known and highly respected throughout the mining and exploration community due to his ongoing work as an analyst, writer, and speaker.

 

Contact: Contact@MercenaryGeologist.com

 

 

 

Disclaimer and Notice: 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 © 2018 Mercenary Geologist.com, LLC. All Rights Reserved.

 

 

 

Posted January 30, 2018

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