Recorded on March 30 2026
Jeff Phillips joins Andy Millette to break down the recent gold and junior mining correction, why he still sees a larger bullish setup in commodities, and why many junior resource stocks still have not reflected stronger metal prices. He explains how he separates the big-picture gold and commodity thesis from the much riskier junior resource equity market, why parabolic moves force disciplined investors to sell into strength, and why most companies in the space still fail his standards. Jeff also lays out the narrow lane he stays in as an investor, focusing on people, share structure, insider ownership, and whether management is actually trying to build value instead of funding a lifestyle. The conversation then shifts into AI-driven prospect generation, where Jeff describes how new tools can surface overlooked geological data, old drill logs, and forgotten targets that may have real discovery potential. He closes by walking through the kinds of opportunities that currently interest him, why cash and drilling matter in a volatile market, and why true discovery still changes everything in this business. Natural Resource Stocks #Millettian
Key topics
Gold correction versus long-term bull market
Why junior miners are a different game from the metal itself
When Jeff sells into strength and how he manages risk
Why people and share structure matter more than hype
Why Jeff says most junior companies are not investable
AI prospect generation and overlooked historical drill data
Discovery potential and current names that interest Jeff
Guest links
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Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
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LinkedIn https://www.linkedin.com/in/andymillette/
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Chapters
00:00 Gold correction and miner reset
01:14 Healthy correction or bigger warning
03:26 Why miners still lag metal prices
04:09 Selling into parabolic moves
05:49 Why most juniors are not investable
10:23 The lane Jeff stays in
12:54 AI prospect generator explained
16:23 Where Jeff sees discovery upside now
21:11 Why cash and drilling still matter
23:23 Discovery mindset and closing thoughts
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