3M Ounces of Gold in Quebec, But Can the Economics Support a Mine? | Sirios Resources CEO Interview

❗SIRIOS RESOURCES HAS NOT PAID FOR THIS VIDEO. Terrahutton doesn't only make the invisible, investable, they also sponsored this video, making it free of ads: https://www.terrahutton.io/.By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.caTimestamps:00:00:00 Chapters00:00:12 Very Important Warning00:01:04 Sirios Resources Company Overview00:04:41 What's the long-term plan here?00:07:54 What's the CEO's background?00:13:21 Has the CEO made money for shareholders before?00:14:17 Does the CEO have other jobs?00:15:00 Does the CEO have real skin in the game?00:16:26 Was there cheap paper given to management?00:18:04 Who owns the rest of stock?00:18:53 Are there royalties held by management?00:19:59 What's the change-of-control payout?00:20:47 What's the CEO's salary this year?00:22:54 What is the history of the asset?00:26:45 Why did Golden Valley walk away?00:27:50 Any liabilities left behind?00:29:40 Is historical data still usable?00:30:53 Why acquire OVI Mining?00:32:35 What's the most pressing question now?00:33:48 Step-out versus infill split?00:35:06 What drill spacing is needed?00:35:20 What counts as program success?00:38:12 What are the odds of success?00:41:04 How & where will drilling be?00:46:12 Where's the deepest hole going?00:46:41 What's the contingency plan?00:47:59 What if mineralization extends past claims?00:49:41 Who owns the ground beyond?00:50:33 What size/grade profile is needed?00:53:56 When's the PEA expected?00:55:04 How many rigs are turning?00:55:39 When will first assays land?00:56:03 Which target is drilled first?00:56:41 Why not release hole by hole?00:57:30 How much money will they have at the end?00:59:08 When will Sirios raise again?00:59:52 Is a rollback being considered?01:01:12 What's the free-trading date impact?01:02:09 What's the biggest risk now?01:03:54 Any lessons from Éléonore?01:05:11 Could Sirios use that mill?01:06:21 What does site access look like?01:09:23 Could an Éléonore deal cut capex?01:11:43 Biggest operational risk for the PEA?01:13:17 Any comparable project analogs?01:15:00 Is water a risk?01:17:27 Is grade continuity a risk?01:18:26 Is the royalty be a risk?01:19:43 What happened with Electric Elements?01:24:01 Why not option it out?This is a Sirios Resources interview with CEO, Jean-Félix Lepage.