GREG CANAVAN:

Hello, I’m Greg Canavan.

As you’re probably aware, gold was one of the top-performing asset classes in 2024.

That’s why, as we speak, investors and institutions are positioning themselves for what could be another historic year for gold in 2025.

But where will the biggest opportunities be found in the coming months?

Not from holding bullion or coins, according to my guest today.

He says the biggest beneficiaries of this wave of capital will be the companies who dig gold out of the ground…

And, more importantly, those who own these companies’ shares.

That’s why we’re here today.

In a moment, I’ll be speaking with Brian Chu — founder of The Australian Gold Fund.

To my knowledge, his private family office fund is one of the only funds in the country dedicated solely to investing in gold stocks.

We know from previous bull markets that investing in gold stocks — at the right time — has the potential to multiply your returns compared to holding physical gold.

With that in mind, we’re going to take a look at three ASX-listed stocks that could do incredibly well under the perfect storm of conditions we’re watching unfold today.

We’ll also discuss why now could be the right time to position yourself in these companies and others like them.

Brian, great to have you here.

BRIAN CHU:

Thanks Greg.

You made a very good point there.

This is exactly the right time to take a closer look at gold mining stocks…

If you believe — as I do — that the spot price will continue to skyrocket in 2025.

In fact, I believe Australia’s gold mining sector is already in a bull market.

The conditions we’re seeing today remind me a lot of the bull market of 2015 and 2016.

GREG CANAVAN:

I’m glad you mentioned the 2015–16 bull market, Brian.

It was certainly a great time for many Aussie gold mining companies.

The Australian gold sector has performed spectacularly in 2015, far in excess of the gold price...

— Financial Review

Even the Financial Review was saying the sector had outperformed spectacularly — far in excess of just investing in physical gold.

And I remember I had a few handy performers myself at the time.

You too saw that action firsthand.

So, tell us what happened from your perspective…

BRIAN CHU:

Well, I have to take you back even further, to mid-2013.

I actually started investing in gold stocks in the depths of a bear market.

Now, we know that these stocks can be volatile, and that you often have to wear on-paper losses before the big gains come around…

Well that’s exactly what happened to me.

But I knew the conditions were right…

I knew these were good companies…

So I used any dips in price to buy more shares — and I’m glad I did.

When the bull market finally rolled around in 2015, my portfolio was rising by as much as 15–20% per month.

In fact, some of my gold producer holdings were doubling within weeks.

By late September 2016, my gold stock portfolio had rallied 600% from its lows.

Now, I did make some mistakes along the way…

But the short version is, the returns from my portfolio were significant.

GREG CANAVAN:

So to be clear, you could have bought and held physical gold as the price went up.

But instead, you chose to invest in the companies that find and produce this gold…

And as a result, you were able to magnify the gains made by the spot price many times over.

BRIAN CHU:

Exactly, Greg.

And let’s be clear, buying physical gold — especially in times of recession, inflation, or economic uncertainty — can be a great way to protect your wealth.

But if you want to seriously grow your portfolio, I believe investing in gold stocks — under the right circumstances — is a much better way to do that.

Want some evidence?

Take Northern Star Resources [ASX:NST], it’s a perfect example from the 2016 bull market…

This company quickly became Australia’s second-largest gold producer after a series of strategic acquisitions right before the start of the bull run.

First, they snapped up Barrick’s Plutonic, Kanowna Belle, and Kundana mines for US$100 million.

Then, they purchased Newmont’s Jundee mine for more than US$80 million.

When you add these perfectly timed, high-producing mine acquisitions to the spot price of gold surging 18%…

You can see why their stock value rose from 93 cents per share…

To $5.78 per share.

Investors who backed Northern Star were rewarded with gains of over 500%.

Now Greg, 500% or 18%, which would you rather have?

I think we both know the answer!

Now, Northern Star may have handed investors an exceptional result — but it certainly wasn’t the only exceptional story during the 2016 run-up.

Take Evolution Mining [ASX:EVN].

Like Northern Star, Evolution joined the top five Aussie gold producers through two big acquisitions — Cowal and Ernest Henry.

When you combine these smart purchases with the rising price of gold, their stock price hit the accelerator…

Handing investors in Evolution gains of more than 600%.

GREG CANAVAN:

Wow, some good stories there Brian…

Although we should point out that not every gold miner is going to do this…

Like you say, the conditions have to be right.

Also, there are no guarantees in this sector. This is speculative territory, after all…

So we wouldn’t recommend allocating a huge portion of your capital to gold mining stocks…

But as you’ve just shown us Brian, even a small slice of your portfolio can help you take advantage of rare but lucrative opportunities like these.

BRIAN CHU:

One more quick story, if I may….

In mid-2013, I invested in St Barbara Mines [ASX:SBM].

They’re a Western Australian-based mining outfit.

At the time I bought in, it was a highly leveraged company with more than $400 million in debt.

They were also encountering difficulties with their operations in Papua New Guinea and the Solomon Islands.

So during the bear market in 2014, its value fell some 95%.

To put that another way…

Despite having a market cap of more than $1 billion two years earlier — at their lowest point, St Barbara was worth less than $50 million.

Their shares were priced as low as seven cents.

One of the reasons I hung on was that I knew they owned high-quality assets.

Their flagship mine at the time, Gwalia, is the deepest underground gold mine in the country.

In 2013, it was already producing a significant amount of gold — around 183,000 ounces.

Over the following years, growth in production at Gwalia bought the company time to pay down its debts and turn around its operations in the Pacific.

Then in 2016, Gwalia’s output expanded to more than 267,000 ounces…

The most in the company’s history up to that point.

The result surprised the market, and their share price went ballistic.

From trough to peak, it shot up over 5,000%.

Unfortunately, I’d got in a couple years earlier, so I didn’t quite capture a 5,000% return…

But nonetheless, St Barbara turned out to be one of my best investments during that bull market.

GREG CANAVAN:

Wow. It just goes to show, doesn’t it Brian…

If a company is in great shape, hitting results, year after year — and then a bull market comes along…

That can be a great opportunity for investors in those businesses.

OK, now you mentioned earlier that you believe the Aussie gold mining sector is in a bull market right now.

Why do you say this?

BRIAN CHU:

Greg, there are three key signals that give me great cause for optimism right now…

And this is why I think viewers need to pay close attention to the specific stocks I’m going to talk about in a moment.

The first signal is increased M&A activity — mergers and acquisitions.

Not many people realise how significant a signal this is, so let me put it in plain English for you.

The Australian mining industry never sees its M&A spend go higher than about US$3 billion per year.

But in 2023, that number shot up to more than US$30 billion.

That’s 10 times higher.

And 2024 saw this exciting trend continue — with gold mining companies getting bought up everywhere you look.

Let me give you some recent examples.

Westgold Resources [ASX:WGX] just completed its acquisition of Karora Resources [TSX:KRR].

That deal was worth over AU$1.2 billion.

Red 5 [ASX:RED] recently merged with Silver Lake Resources [ASX:SLR] to form Vault Minerals [ASX:VAU].

That deal totalled AU$2.2 billion.

De Grey Mining [ASX:DEG] just approved a massive takeover bid from Northern Star.

That one clocked in at around AU$5 billion.

And this is all on the back of 2023’s headline-grabber, Newmont [NYSE:NEM] merging with Newcrest [ASX:NCM].

Newmont Acquisition of Newcrest Would Be Largest Gold Merger In History

— S&P Global

That particular deal has been hailed as the largest gold merger in history, worth over AU$26 billion.

Now, this all sounds like a lot of money, but the guys who own these companies aren’t just throwing it around.

They know exactly what they’re doing.

They’re buying up confirmed assets on the cheap — to position themselves for an even higher gold price in 2025.

GREG CANAVAN:

This sounds very similar to what you just described from the 2016 bull run, where you had the likes of Evolution and Northern Star snapping up assets from distressed companies.

Then, when the bull market rolled around, those assets multiplied in value — and Evolution and Northern Star’s share prices went right up with them.

And I guess with record M&A activity happening right now, it’s not much of a stretch to see something similar happening this year.

OK Brian, that’s your first bullish signal. So what’s your second?

BRIAN CHU:

Well, this one is a little more obvious. It’s the rising price of gold.

Gold closed out 2024 within a whisker of its new all-time high, which it set in late October.

And even in light of the gold price hitting historic highs, I think it’s going higher still in 2025.

Why? Well let’s look at it…

As a general rule, global uncertainty drives demand for gold.

And right now, the world is a more uncertain place than ever.

Concerns over unstable interest rates, once-in-a-generation inflation challenges…

Major geopolitical tensions, ongoing international conflicts…

All of this means demand for gold — an asset considered a safe haven of value for over 6,000 years — is higher than ever before.

That’s why the financial system’s most powerful players — the world’s central banks — are now purchasing gold at the fastest pace on record.

Central Banks Are Buying Gold at The Fastest Pace In 55 Years

— OILPRICE.COM

In 2022 and 2023, they bought more than 1,000 tonnes of bullion.

In the first nine months of 2024, they snapped up another 694 tonnes.

And this record-breaking pace looks set to continue.

Central Bank Buying Likely to Remain Key to Gold's 2025 Performance

— Mining Weekly

More than three-quarters of all central banks expect gold holdings to keep increasing into the foreseeable future, according to the World Gold Council.

In fact, they’re calling this a ‘diversification moment’.

In some cases, it looks like a concerted effort by countries to choose gold over the US dollar.

This is what’s known as ‘de-dollarisation’.

De-Dollarization: The End of Dollar Dominance

— J.P.Morgan

And it’s being led by Russia and China.

Both have a strategic aim to remove the US dollar as the world’s primary currency for international transactions.

They believe the US is abusing its position as the world’s reserve currency.

GREG CANAVAN:

Just on that note…

The US is currently running a fiscal deficit of over US$1.8 trillion.

Now, that’s an astonishing number in itself.

But what’s more, outside of the pandemic era, that figure is the highest it’s been in US history.

The US budget deficit grew to [...] the highest outside of the COVID era.

— Reuters

So it’s clear they’re racking up debt at an absolutely unsustainable rate.

The problem is, the US can’t default, because they can literally print the money they need to pay for it.

Of course, that would devalue the dollar… but it also means they’ll never go broke.

In fact, just like going on a shopping spree with a credit card you never have to pay off — it means they can purchase whatever they want, whenever they want it…

Defence spending, infrastructure projects, you name it.

Only the US can get away with this — because they’re the world’s reserve currency.

So you can see why some world leaders think the US holds an unfair political advantage…

And why the idea of de-dollarisation is quickly becoming more mainstream…

BRIAN CHU:

That’s a great point, Greg.

Deficit spending also puts massive inflationary pressure on the economy, which is another factor that can push up the price of gold.

So there’s plenty happening in the US.

But there’s even more action happening abroad.

For instance, soon after tanks rolled across the border into Ukraine…

The US flexed its financial muscle to freeze Russia’s dollar holdings.

Russia Suspended from Bank for International Settlements

— The Wall Street Journal

This pushed them out of the international banking system.

Billionaire Ray Dalio has been warning other governments their assets could be frozen just as easily.

Elon Musk agreed, saying, ‘If you weaponize [a] currency enough times, other countries will stop using it.’

And that’s exactly what’s happening.

China’s de-dollarisation plans are rapidly gaining momentum.

Russia Embraces China's [Yuan] in Face of Western Sanctions

— Financial Times

Russian President Vladimir Putin has pledged to adopt the Chinese yuan for ‘payments between Russia and [the] countries of Asia, Africa, and Latin America.’

Putin himself has said de-dollarisation is an ‘irreversible process’.

Now, Putin isn’t the leader of some small country like, say, Iraq or Libya…

Russia is a force to be reckoned with.

And despite some strongly-worded threats from US President Donald Trump, I believe we’ll continue seeing more and more countries jumping on board this trend in the near future.

So de-dollarisation is a key reason why I believe gold could continue hitting new all-time highs this year.

And that could seriously benefit investors in the right gold mining stocks, provided they use this opportunity to take a position now.

We know from previous bull markets that when gold stocks move as a response to the rising spot price, they can move fast.

GREG CANAVAN:

Brian, just on the de-dollarisation point, I’m hearing that Saudi Arabia is considering moving away from the dollar, too.

BRIAN CHU:

You could be right, Greg.

After a landmark visit from Chinese President Xi Jinping, reports emerged that the Saudis could soon be using the yuan for sales of oil to China.

Saudis Consider Using Yuan For China Oil Sales

— Bloomberg

Their neighbouring states — including Qatar, Kuwait, and the United Arab Emirates — could also be planning similar yuan-for-oil deals.

These moves, if they go ahead, would disrupt the worldwide petrodollar regime.

And it’s not just the Middle East…

South America has been in China’s sights ever since Argentina agreed to pay for Chinese imports in yuan instead of dollars.

Argentina to Settle Chinese Imports in Yuan

— South China Morning Post

And French company Engie recently completed one of the first-ever yuan-settled LNG trades.

French Energy Firm Engie Complete Yuan-settled LNG Trade

— Reuters

So Europe is getting involved, too.

All told, the yuan has now become the most-used currency for cross-border transactions in China — overtaking the dollar for the first time in 2023.

And this movement is gathering steam…

A Global Shift Away from The Almighty Dollar

— Financial Times

India has convinced 22 countries to trade in the rupee.

And these are not just small fish located in nearby Africa or Asia.

We’re talking economic powerhouses like Germany, New Zealand, and the United Kingdom.

So even Western nations are beginning to dump the dollar.

And what’s more, Greg, many of these countries are already replacing their US dollar foreign exchange reserves with gold.

China is Leading a 'Voracious' Gold-Buying Spree as Central Banks Try To Shrink Dollar Reserves

— Business Insider

In 2023, China’s central bank scooped up the most bullion of any country in the world — today, their official gold stockpiles add up to more than 2,200 tonnes.

India, Brazil, and South Africa now hold about 1,000 tonnes combined.

Meanwhile, Russia’s stockpiles exceed 2,300 tonnes — the fifth-largest gold holdings of any country in the world.

To put these numbers in perspective, Western nations like Canada hold zero gold reserves.

And Australia holds just 80 tonnes.

So you can see how the US dollar’s dominance is being challenged…

Some have even speculated that several nation states will create their own currency to rival the dollar.

In 2023, one Russian minister announced that…

We are currently working with a number of countries to create bilateral platforms in order not to use dollars and euros.

— Alexey Moiseyev, Russian Deputy Finance Minister

Talk amongst insiders is this could be a cryptocurrency backed by…

You guessed it…

Gold.

GREG CANAVAN:

So to bring things back to the purpose of our event today…

You predict that these moves away from the dollar are going to continue driving the gold price even higher this year — is that right?

BRIAN CHU:

Well, the good news is, we don’t have to predict anything.

All we need to do is turn to history.

We’ve seen this story play out before.

Today, most people look back on the 1960s as the decade of peace and love.

But in reality, the ’60s were a period of intense economic upheaval.

In 1961, under a Democrat administration, you had the US stock market suffering a 28% crash — one of the worst bear markets of all time.

Then, in 1965, President Lyndon B. Johnson kicked off the Great Society, causing inflation to eventually reach near-record highs of over 14%.

You also had youth movements pushing for political action on the environment…

As well as the assassination of Dr. Martin Luther King leading to riots in the streets.

GREG CANAVAN:

That sounds eerily like what’s happening right now — with market volatility, high inflation, and social chaos — especially in the West.

BRIAN CHU:

Precisely.

And back in the ’60s, this economic uncertainty is what paved the way for the greatest ever bull run in gold.

As you probably know, the Bretton Woods agreement crowned the US dollar as the world’s reserve currency.

This was thanks in part to the US holding the world’s largest stockpiles of gold.

These stockpiles gave foreign central banks the confidence to hold dollars, because the banks knew they could convert them to gold at US$35 per ounce.

But here’s what you may not know…

Bretton Woods did not regulate the price of gold.

If the market value of gold crept higher than US$35 an ounce, central banks had financial incentive to redeem their US dollars for gold.

By the late 1950s, central bank demand for gold was soaring — just like we’re seeing today.

Then, the economic uncertainty of the 1960s kicked this action into high gear.

Countries including France and the Netherlands began redeeming tonnes of gold from the US.

Soon, other countries started joining in, accelerating this run on supply.

Then on 15 August, 1971 — to save what was left of its stockpiles — US President Richard Nixon was forced to dismantle the Bretton Woods agreement.

He ended the gold standard.

This launched the greatest bull market in gold’s history.

With central banks now rapidly swapping their US dollars for gold…

The spot price took off from US$35 an ounce, and reached a high of US$850 an ounce.

Ultimately, gold skyrocketed more than 2,300%.

GREG CANAVAN:

As you can see, gold’s greatest ever bull market has a lot in common with what’s going on today…

Including the economic uncertainty sweeping across the globe, helping drive the gold price to new all-time highs.

That’s why Brian has put together a special report for viewers of today’s presentation.

It’s called ‘The Ultimate Australian Gold Game Plan’.

It’s designed to give you everything you need to know to capitalise on what could be an historic opportunity in the Australian gold sector in 2025…

Even if you’ve never invested in gold stocks in your life.

Brian, you’ve outlined the story behind the rising price of gold, and the frantic M&A spending in the sector — two signals that the next bull market is already here.

What’s the third bullish signal?

BRIAN CHU:

Well Greg, when it comes to extracting and refining gold, the biggest cost is energy.

Specifically, the price of oil.

This is because diesel is a major cost factor for running mining vehicles and equipment.

Let me take you back to 2008.

When the Global Financial Crisis struck, demand for oil dropped like a rock.

As the world’s major economies ground to a halt, the price of oil plummeted to about US$40 per barrel — a sharp decline of 70%.

But this turned out to be a massive tailwind for gold mining companies, because it lowered their costs dramatically.

So when you combine this cheap oil with the price of gold surging 163% over the following three years…

Profits — and certain share prices — went through the roof.

Investors in Kingsgate Consolidated [ASX:KCN] would’ve made over 450% on their money in less than 24 months.

OceanaGold Corporation [ASX:OGC], 2,500% in less than 22 months, and…

Silver Lake Resources delivered returns of over 2,800% — more than 20 times your money — in less than three years.

GREG CANAVAN:

Now, we should say again that not all gold stocks rose like these.

And, of course, there are risks and volatility involved with investing in this sector, which we’ll talk about more in a moment.

But returns like these are what can happen if you catch the right gold stocks at the right time, like when the price of oil drops dramatically.

BRIAN CHU:

Absolutely.

And the same story played out again during another economic crisis: the global lockdowns of 2020.

With international travel at a standstill and nearly everyone stuck at home, global demand for oil fell off a cliff.

In fact, for a few hours in April 2020, the price of oil futures actually went negative.

Traders were actually willing to pay to sell their oil because there was nowhere to store the excess supply.

That’s how extreme this oil crash was.

Within a few short months, oil finished down almost 70% again — this time settling at a low of US$19 per barrel.

And at the same time, the global uncertainty during this period was a big reason for the price of gold spiking up 29%.

GREG CANAVAN:

I imagine this combination of cheap oil and higher priced gold was rocket fuel for Aussie mining companies.

BRIAN CHU:

Oh, it was unbelievable, Greg.

Alacer Gold [ASX:AQG] rose over 220% in less than 18 months…

Dacian Gold [ASX:DCN] shot up over 350% in less than seven months, and…

West African Resources [ASX:WAF] soared over 440% in less than three years.

Simply put, when the oil price drops, costs go down.

When the gold price rises, profits go up.

If you get a window where these two market forces align — that’s when we see historic bull runs in the Aussie gold stock sector.

So it’s no surprise that since September 2023, with gold trending up and oil trending down, most established producers have bounced considerably off their recent lows.

In fact, many are already up triple-digit percentages and climbing fast…

I’m talking about companies including Capricorn Metals [ASX:CMM], Emerald Resources [ASX:EMR], Gold Road Resources [ASX:GOR], Ora Banda Mining [ASX:OBM], and more.

This is a good sign, but we know from past bull markets that these early gains were just the beginning.

There could be fireworks on the way Greg, and I’d love to help our viewers get involved…

GREG CANAVAN:

OK, so right now, there are 167 gold stocks listed on the ASX.

But not all of them will react like the examples Brian has been showing you today.

These are high-risk, high-volatility plays.

And as we know, gold stocks have experienced their fair share of rough years…

BRIAN CHU:

I’m fully transparent about the risks in this sector.

Anyone who wants to take a position in some of these mining stocks needs to know that it’s not always smooth sailing.

The share prices of these companies are highly sensitive to a bunch of market factors.

Any company that can double in a month can halve over the same amount of time.

To give you an example…

From August 2020 through to May 2022, the price of gold dropped 6% while oil spiked 169%…

The exact opposite of the bullish conditions I just described.

Profit margins for gold miners went down while costs went way up.

The GDX Gold Miners ETF fell as much as 45%…

And plenty of individual gold stocks went into freefall.

So please don’t go throwing darts, hoping to pick a winner.

But, as things stand right now, with oil down 37% from its peak in 2022, and continuing to trend down…

And gold up 42% over the same period and consistently making new all-time highs…

Plus the rapid M&A activity by insiders in our gold mining sector…

The conditions certainly favour a major run-up in some of the stocks I cover.

GREG CANAVAN:

OK Brian, well in a moment we’re going to turn our attention to three of the gold companies you’re excited about in 2025.

But in case anyone watching doesn’t know, Brian runs a couple of premium advisories here at Fat Tail Investment Research.

The Australian Gold Report is one of our most popular services — and Brian’s among our most revered experts.

Brian, we receive loads of positive emails from your subscribers, mate…

So I’m just going to take a moment to read a few of them out…

DB says:

RKD says:

KC says:

David Bain says:

And Den says:

Your subscribers certainly seem to love what you do.

But let’s not forget that underpinning it all is a proven ability to identify high-performing gold stocks.

Like you said earlier, the 2016 bull run was a particular high point…

BRIAN CHU:

Absolutely, Greg, the bull market of 2015 and 2016 was a great time for gold stock investors.

It kicked off when oil cratered 54% near the tail end of 2014, with gold then rising by about 15%…

That led to outsized performance of certain gold producers like ASX-listed Perseus Mining [ASX:PRU]…

Whose value increased over 200% in about 18 months…

Or Perth-based Regis Resources [ASX:RRL]…

Whose share price rose almost 300% in just over one year…

Or Saracen Mineral Holdings [ASX:SAR]…

In just under two years, Saracen’s shareholders watched as the company climbed over 780% in value.

These are exceptional examples, of course.

And past performance is no guarantee of future returns.

But in a bull market, moves like these are very possible.

Like one of my best buys of that bull market, Resolute Mining [ASX:RSG].

In less than 10 months, Resolute’s share price shot up 845%.

Given everything I’ve outlined today, I believe the sector is ripe for opportunities just like these in 2025.

GREG CANAVAN:

Personally, I don’t know of anyone better to listen to if you want to become a successful gold stock investor.

And, as I say, it seems your readers would agree with that.

Ben Hatch says:

Will B says:

Richard H says:

John Scott says:

And RGP says, quite simply:

That must make you feel pretty good, Brian!

BRIAN CHU:

Yes, it does!

And having benefited from several multi-year bull runs firsthand, and now being able to bring my readers along for this ride…

I’ve been humbled by the responses I’ve received.

Because when it comes to the markets, in my opinion, there’s nothing more exciting than investing in gold stocks.

GREG CANAVAN:

Well then, let’s get to the first of your three recommendations for 2025…

BRIAN CHU:

Sure thing.

My first play is strategically capitalising on the M&A activity that’s been sweeping the industry.

The company I’m recommending has been collecting cash for years — waiting for the right buying opportunity to appear, at just the right price.

In 2021, they were outbid on their takeover offer for a small explorer.

In 2023, they made a move to acquire a different explorer — and were outbid again.

But instead of rushing in and overpaying, management has opted for a wait-and-see approach.

And their patience has just paid off.

In 2024, this company found their ideal target and swooped on it, fast.

This key acquisition quickly expanded their number of mining hubs, doubling from two to four.

Since then, they’ve snapped up an additional gold deposit from a neighbouring explorer…

And now, rumour has it that they’ve got their sights set on yet another takeover target as we speak.

All of this action has been taking place while strong production results are still ticking over in the background.

So, even though their share price has been in a two-year uptrend recently…

Based on my metrics, this company is still remarkably undervalued.

That’s why, given their current holdings of major assets in multiple prime locations, plus talks of more potential takeovers to come…

I’m confident 2025 could be a breakout year for this company.

GREG CANAVAN:

Well Brian, they sound perfectly positioned to potentially capitalise on the coming gold stock bull market.

And we’ll let everyone know in a moment how they can get all the details.

But what about your second play?

BRIAN CHU:

My second play owns of one of our country’s most historic mines.

I’m talking about a site that holds millions of ounces of gold resources.

This company took control of this mine a few years ago.

But since then, their redevelopment efforts have hit a series of unfortunate speed bumps.

First, Western Australia’s notorious ‘hard border’ closures left management battling countless restrictions and delays.

Second, operating expenses blew out when the Russia-Ukraine conflict suddenly caused oil prices to spike.

And third, the unexpected boom in critical minerals led to staff shortages and soaring labour costs across the mining industry.

Understandably, these factors put a massive drag on the company’s growth…

Especially when you compare their performance to their two closest competitors, Ora Banda Mining and Catalyst Metals [ASX:CYL].

In 2024 alone, Ora Banda shareholders could’ve enjoyed peak gains of over 300%…

And Catalyst Metals shareholders had a shot at peak gains of over 660%.

Today, new data suggests the company I’m recommending has the longest mine life and most available resources of all three companies…

And with production now running smoothly at the historic mine site I just mentioned, they’ve finally started seeing some long overdue share price appreciation.

Now, I’m not saying this company will perform as well or better than Catalyst or Ora Banda in the future…

But given the highly favourable market conditions we’ve been talking about today, this company looks set for a serious rally in 2025.

And I believe there’s still time for viewers to consider taking a position.

GREG CANAVAN:

OK Brian, what’s the third gold stock you’ve got for us today?

BRIAN CHU:

With my third play, you’re getting in at the perfect time.

A few years back, this company dumped the rights to their critical mineral holdings in order to double down on their lucrative gold business.

That’s why, right now, they’re focused on building out a relatively modest operation into what will become a major gold mine.

It’s already up and running, and spinning off excess cash, which they’re reinvesting into its expansion…

Plus, those proceeds are also helping to finance the exploration of another extremely promising gold deposit.

Best of all, these guys are already proven performers.

During Australia’s last gold bull market, this company’s share price surged more than 690%…

Turning every one thousand dollars invested into more than seven thousand dollars.

But during the recent bear market, it’s no surprise their stock also took a beating.

Given these guys now have multiple irons in the fire, I believe their prospects are even brighter this time around.

The company is expected to announce more positive results soon.

So, if you want to get into this potential quick-fire expansion play, there may not be much time to waste.

GREG CANAVAN:

The ticker symbols for all three of Brian’s recommendations can be found in his special report, ‘The Ultimate Australian Gold Game Plan’.

It’s included as a complimentary gift when you join his Australian Gold Report service today.

This is Brian’s newsletter dedicated to gold and gold mining stocks.

I’ll explain how you can become a subscriber at a special discounted rate in just a moment.

Inside The Australian Gold Report, you’re getting everything you need to capitalise on what could be a historic opportunity for gold stock investors in 2025.

As you’ve just heard, Brian believes there are great stocks on sale for serious discounts right now.

So there’s still time to position your portfolio before the bull market gets into full swing.

He’ll also be sending you email updates to help you stay on top of the stocks he’s recommended.

You’ll get specific buy, sell, and hold signals, so you’re always completely clear about what to do next.

He’ll tell you when to buy, what price to pay, and when to sell — whether that’s for cutting losses or taking profits.

Then, every quarter, Brian will send you his ‘State of the Gold Industry’ report, with his big-picture commentary and risk analysis on the gold market.

Plus, you’ll get immediate access to his full model portfolio of gold stock plays.

And he wants you to hit the ground running.

That’s why as soon as you become a subscriber, he’ll send you his special report, ‘The Ultimate Australian Gold Game Plan’.

Inside, you’ll discover the ticker symbols of the three gold stock recommendations we’ve been discussing today.

He’ll also show you how to set up your own gold portfolio step-by-step — whether you choose physical bullion, precious metals ETFs, gold mining stocks, or all of the above.

So, whether you’re brand new to the gold market or a seasoned precious metals investor, Brian’s got you covered…

BRIAN CHU:

Greg, sorry to interrupt, but I want to let our viewers know that when they join The Australian Gold Report today, they’re also getting two bonus reports.

The first bonus report is called, ‘Three Advanced Indicators for Gold Market Success’.

This is for you if you want to learn more about my stock-picking strategy.

In it, I reveal some of the newest indicators I’ve developed that help me find high-quality producers at heavily discounted prices.

You won’t find these indicators anywhere else.

I do it all in-house, and they’re exclusively for my subscribers.

You can use these indicators to find excellent value companies before I recommend them — getting into great plays well ahead of the pack.

The second bonus report is called, ‘Your Journey into Speculative Gold Stocks’.

Now, I’ve designed The Australian Gold Report to focus more on established gold producers, with an emphasis on stability and predictability when it comes to future results.

But there’s a whole world out there of more speculative exploration plays that I want to introduce you to, as well.

This report is going to help you navigate that riskier, but potentially much more lucrative, territory.

For example, during the recent gold bull run from September 2018 to August 2020, the ASX Gold Index rallied 107%…

But a bunch of tiny exploration stocks took off like rockets.

Consider the 2,800% gains on Tesoro Gold [ASX:TSO] in just over seven months…

The 3,900% gains on Surefire Resources [ASX:SRN] in less than eight months…

Or the 4,500% gains on Thomson Resources [ASX:TMZ] in less than nine months.

These are all exceptional examples, of course.

And for every speculative gold play that skyrocketed in value, many didn’t move at all.

But these moves can happen for the right companies at the right part of the gold cycle.

That’s why you need to know how to assess the risks and potential rewards of any exploration company you invest in.

This report shows you how to do exactly that.

I’ve even included two speculative recommendations you can use to start building your portfolio immediately.

Both of these reports are yours to keep for giving The Australian Gold Report a go today.

GREG CANAVAN:

Now, research reports like these — written by gold industry insiders — typically retail for hundreds, even thousands of dollars.

So if we were to offer everything Brian is giving you today at market rates, the cost would be a substantial sum of money.

But here at Fat Tail Investment Research, we know most Aussies are doing it tough right now.

It’s hard enough to pay for petrol, groceries, and a roof over your head, let alone grow your net worth with smart investments.

That’s why we’ve decided to offer you a special discount.

You won’t find this discount advertised on our website — or anywhere else for that matter.

It’s only for viewers who decide to try out Brian’s Australian Gold Report advisory service today.

Click the button below for all the details.

You’ll be taken to a short order form where you can secure your subscription at an incredible price.

Your subscription is also covered by our ironclad 30-day, no-obligation money-back guarantee.

Take us for a test drive in that time.

For the next 30 days, browse all the updates inside The Australian Gold Report…

Read through all the special reports you’re getting today…

Discover the three gold producers that Brian believes will lead the pack in Australia’s next gold stock bull market…

Plus, you’re getting two more speculative plays inside the bonus report that Brian just mentioned…

And if you don’t love what you see, and you don’t believe this service will benefit your investment goals…

Please don’t hesitate to contact our Melbourne-based customer service team and ask for a full refund of your subscription fee.

We’ll give it to you, no questions asked.

Any reports and back-issues you download are yours to keep, whether you decide to continue with us or not.

It’s our way of saying thank you for giving us a go.

So Brian, any closing comments?

BRIAN CHU:

Due to the unprecedented uncertainty in the global markets, plus the modern-day gold rush kicking off here at home…

I believe Australia is the best place in the world to become a gold stock investor right now.

And The Australian Gold Report is the best way I know to be by your side, every step of the way, keeping you up to date with everything I’m hearing around the industry.

I can’t wait to share it all with you.

Thank you and God bless.

GREG CANAVAN:

Once again, click the button below to secure your subscription at today’s special discounted rate.

On behalf of Brian Chu and Fat Tail Investment Research, I want to thank you for joining us.

I’m Greg Canavan.

Have a great day.

JOIN NOW

(You can review your order on the next page)