The KE Report

This weekend’s KE Report takes a deep dive into the commodity complex with two veteran voices. In the first half, Jeff Christian, Managing Partner at CPM Group, dismantles popular narratives around silver. In the second half, energy strategist Josef Schachter, founder of the Schachter Energy Report, explains why oil and gas may be setting up for a powerful rebound despite weak prices.

 

Segment 1 & 2 - Jeff Christian, Managing Partner of CPM Group, kicks off the show to break down the sharp surge in silver prices, explaining why investment demand, not a true supply shortage, is driving the move, while also addressing scrap supply, ETF flows, margin hikes, solar demand substitution, and why metals remain supported amid global economic and geopolitical uncertainty.

Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/

 

Segment 3 & 4 - Josef Schachter, founder and editor of the Schachter Energy Report and the Eye On Energy Report, wraps up the show to break down the macro outlook for oil and natural gas, explaining why oil prices remain range-bound amid oversupply concerns, weak demand, and geopolitics involving Venezuela and Iran. He also outlines how low prices, hedging strategies, dividends, and rising M&A activity are shaping opportunities in Canadian and U.S. energy stocks, including what could trigger his next “table-pounding buy” in the sector.

Click here to learn more about The Schachter Energy Report - https://schachterenergyreport.ca/

 

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

 

For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Anthony Margarit, President and CEO of K2 Gold (TSX-V: KTO | OTCQB: KTGDF). Anthony provides a deep dive into the technical strategy driving the company’s current drill program at Si2 in Nevada and the upcoming drilling for their flagship Mojave Project in California.

Discussion Highlights:

Drilling Strategy at SI2: The company has initiated a 2,000-meter program in Nevada, specifically designed to test deeper structures following 2023 results that showed gold grades increasing toward the bottom of the holes.

The "Boiling Zone" Targeting: Anthony details how fluid inclusion and hyperspectral studies confirmed they are exploring an intact epithermal system, with current drilling targeting the high-priority "boiling zone" identified via IP chargeability anomalies. See image below.

The Silicon Connection: A look at the similarities between Si2 and AngloGold Ashanti’s nearby Silicon project - a discovery that has grown to over 16 million ounces. 

Mojave Project Outlook: With the permit in hand and the team "warmed up" in Nevada, the company is preparing for a major campaign at their flagship Mojave project this March, supported by a robust $9.8 million exploration budget for 2026.

 

If you have any follow up questions for Anthony please comment below or email me at [email protected]. 

 

Click here to visit the K2 Gold website.

 

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For more market commentary & interview summaries, subscribe to our Substacks: 

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ 

 

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we sit down with Mike Konnert, President and CEO of Vizsla Silver (NYSE/TSX: VZLA), to recap a transformative 2025 and look ahead at the company’s ambitious 2026 roadmap. Following a year that saw an over 200% increase in share price and a massive $400 million capital raise, Vizsla Silver is now entering the most critical phase of its lifecycle: the transition to construction and production at its flagship Panuco project in Mexico.

Key Discussion Points

2025 Retrospective and De-risking: A review of the feasibility study results, the commencement of test mining, and how the company secured over $400 million in capital to fully fund its development goals.

The Path to Production in 2026: Understanding the timeline for the formal construction decision, the status of the MIA permit, and the start of earthworks for the mill and tailings facilities.

Aggressive Resource Expansion: Details on the 60,000-meter diamond drill program for 2026, focusing on upgrading inferred resources and testing new targets like the Santa Fe and Animus areas.

Long-Term Vision and Growth: How Vizsla plans to reach a target of 50 million ounces of silver equivalent production by 2035 through organic growth and strategic district consolidation.

Strategic Partnerships: The significance of bringing Fresnillo onto the share register and maintaining strong ties with Mexican stakeholders.

 

If you have any follow up questions for Mike please email me at [email protected]. 

 

Click here to visit the Vizsla website to learn more about the Company - https://vizslasilvercorp.com/

 

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For more market commentary & interview summaries, subscribe to our Substacks: 

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ 

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this KE Report daily editorial, we chat with Joel Elconin, co-host of the Pre-Market Prep show and founder of the Stock Trader Network. As we kick off the final stretch of January, the focus shifts heavily toward a pivotal Q4 earnings season and a noticeable shift in market leadership.

The conversation dives deep into the high expectations for tech and banking earnings, contrasting the recent struggles of "Mega Cap" tech with the surprising resilience of regional banks and small-cap stocks. Joel provides a technical and fundamental breakdown of why the "catch-up trade" is finally gaining momentum and what forward guidance will mean for the next leg of the bull market.

 

Click here to visit Joel’s PreMarket Prep website - https://www.premarketprep.com/

Click here to visit the Stock Trader Network - https://www.stocktradernetwork.com/

 

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For more market commentary & interview summaries, subscribe to our Substacks: 

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Jack Henris, President and COO, and Shawn Campbell, CFO of Dakota Gold (NYSE American: DC), both join me for a visual overview of the key 2025 initiatives achieved, and look ahead to the key exploration and development workstreams for 2026 that will feed into updated economics on their Richmond Hill Oxide Heap Leach Gold Project.  We also outline the long-term optionality of their Maitland Gold Project, which will also being receiving some exploration work and maiden resource this year.  Both projects are located in the historic Homestake District of South Dakota, near existing mining infrastructure.

 

Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.

 

The 2026 Richmond Hill drill campaign includes a total of 15,481 meters (50,790 feet) of drilling in 109 holes.

 

Infill drilling will convert inferred to measured and indicated resources for the initial 10 year mine plan area, expansion drilling will focus on the north Project area, and condemnation drilling will test areas for infrastructure suitability to ensure optimal site design for the Feasibility Study.

All drilling required for the purpose of the Feasibility Study is expected to be completed by Q3 2026.

 

 

The Company will complete a Pre-Feasibility Study for Richmond Hill in the second half of 2026.

 

With the resource expansion drilling in the north intersecting significantly higher grades than resource cutoff.

This resource drilling will be complimented with an extensive metallurgical test program, so that the Company will undertake a PFS with a focus on the first ten years of mining.

This work will allow the Company to report reserves in 2026 and will inform the Feasibility Study to be completed in the first half of 2027.

 

The Company will launch a 2026 Maitland drill campaign of 5,578 meters (18,300 feet) in 44 holes.

 

The goal of this infill drilling, when combined with historic drill results, will be to define a maiden resource for the Tertiary-aged Unionville gold Zone.

 

 

Jack and Shawn highlight how these robust gold and silver resources, advantageous site infrastructure, and robust project economics, point to a future low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues.

 

We review how the higher-grade mineralization that is being delineated through drilling in the northeast corner may accelerate the economics and shorten the payback period outlined in the SK 1300 Initial Assessment with Cash Flow from last year.

We look at how higher underlying metals prices affect the economic sensitivities of this project in a major way.

We review the potential for a rerating in valuation metrics when looked at through the lens of peer gold developer comparisons.

 

Click here to follow the latest news from Dakota Gold

 

If you have any questions for Jack or Shawn regarding Dakota Gold, then please email those in to me at [email protected].

 

In full disclosure, Shad is a shareholder of Dakota Gold at the time of this recording, and may choose to buy or sell shares at any time.

 

For more market commentary & interview summaries, subscribe to our Substacks:

 

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

 

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.