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 4^th 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 With exception of areas withdrawn for military purposes, the vast majority of federal lands are open to mineral entry.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

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