“Under 50% IRR? Don’t Bother” - David Erfle on Developer Economics & Why He’s Buying Explorers Now

David Erfle joins MSE for his monthly episode. David explains the pullback in gold and silver, what he heard at the Beaver Creek Precious Metals Summit, why he’s moving into discovery-stage explorers, the Roxmore Resource and SSR Mining deal, and whether the TSX Venture chart is signaling a top. Dave also explains the necessary project economics for him to buy a developer right now.

00:00 Intro 00:40 Fed Hawkishness and Metals Pullback 03:43 Beaver Creek Sentiment Check 04:55 Spotting Lifestyle Juniors 05:40 Project Economics IRR Benchmarks 06:28 Shifting to Riskier Explorers 10:03 Tax Loss Season Opportunities 11:38 Junior M&A: Roxmore Resources & SSR Deal 15:07 Pre-news Spikes and Trading Discipline 18:03 Subscriber Questions and TSXV Charts 21:55 Wrap Up and Where to Follow

David’s website: https://juniorminerjunky.com/

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