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Snowline Gold

Gold explorer, with a project stated to be in Eastern Yukon territory.

Yukon · Canada — as stated on the recordings

explorer gold Yukon, Canada
Jul 2025 → Jun 2026Covered
5 of 10Topics on record
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company · 6 independent recordings
Stage
Explorer
Primary commodity
Gold
Jurisdiction
Eastern Yukon territory
Latest appearance
04 Jun 2026
On record
2 interviews · 16 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
2.9 million ounces in starter pit, 2.3 grams per ton average grade
Management-stated Scott Berdahl Jun 2026
Grade
1.2 grams per ton measured and indicated, sub gram inferred
Management-stated Scott Berdahl Jun 2026
Capital needed
1.7 billion dollars in PEA
Management-stated Scott Berdahl Jun 2026
What happens next
PEA released last year, pre-feasibility study underway
Management-stated Scott Berdahl Jun 2026
The main open question
The deposit remains open and still growing, which means resource definition is incomplete and feasibility risk persists through the pre-feasibility study.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
12 independent voices on record — 17 constructive, 6 neutral
Mike Cinnamond, Rick Rule, Unknown speaker, Steve Barton…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Snowline Gold's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

6 independent voices — people who do not speak for the company — across 24 mentions.

17 constructive 6 neutral
  • Mike Cinnamond “Held as a strategic investment; CEO notes Snowline is 'doing really well' and B2Gold is a happy shareholder.”
  • Rick Rule “Very long position. Absolutely astonishing grade but infrastructure-challenged. Large deposit with exploration upside.”
  • Unknown speaker “Mentioned only as one of the marketable securities held by Carlin Gold on its balance sheet.”
  • Steve Barton “He says he is very long, likes the large deposit, and notes it has astonishing grade despite infrastructure challenges.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the Snowline deposit is a high-grade, continuous Carlin-style body at surface with 7.9 million ounces measured and indicated, 2.3 grams per ton in a 2.9 million ounce starter pit, and minimal strip ratio of 0.1:1 including…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the Snowline deposit is a high-grade, continuous Carlin-style body at surface with 7.9 million ounces measured and indicated, 2.3 grams per ton in a 2.9 million ounce starter pit, and minimal strip ratio of 0.1:1 including pre-strip. The PEA shows 3.4 billion Canadian dollar NPV at conservative gold prices, and an outside investor notes multiple major investors view it as a tier-one discovery with significant exploration upside across the 80 by 100 km property.

▼ Bear case

The deposit remains open and still growing, which means resource definition is incomplete and feasibility risk persists through the pre-feasibility study.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The deposit remains open and still growing, which means resource definition is incomplete and feasibility risk persists through the pre-feasibility study. At the 1950 gold price used for engineering, NPV is modest at 3.4 billion dollars, and there is no external validation of the economics or the exploration upside claims — only internal projections on price assumptions higher than conservative benchmarks.

◆ Watch next

The pre-feasibility study is underway and will provide engineering cost certainty and resource confidence.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The pre-feasibility study is underway and will provide engineering cost certainty and resource confidence. The company has drilled 50,000 meters and the deposit is still open; further drilling will reveal whether the periphery expansion and inferred resources convert to measured and indicated, and whether exploration potential across the large property area translates to additional discoveries or reserves.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 10 statements

The deposit 8

Key takeaway. Regarding Snowline Gold's deposit, management reported in June 2026 a measured and indicated resource of 7.9 million ounces at 1.2 grams per ton, with 0.9 million ounces inferred at sub-gram grades.

Read the full summary

They also highlighted a starter pit containing 2.9 million ounces averaging 2.3 grams per ton, with a life-of-mine strip ratio of 1.1 to 1 and a starter-pit strip ratio of 0.1 to 1 including pre-strip. The company described the deposit as still growing and still open, with the strip ratio on the periphery growing meaningfully across a property area of 80 by 100 km, and characterized the mineralization as Carlin-style, orogenic, and reduced intrusion-related.

What was actually said
deposit type
Carlin-style gold, orogenic mineralization, reduced intrusion-related mineralization
“We were seeing Carlin-style mineralization. We were seeing orogenic mineralization. We were seeing reduced intrusion-related mineralization.”
Scott Berdahl· 04 Jun 2026·
exploration upside
property area 80 by 100 km
“we looked at this data over a big area that we have. It's like uh you know, 80 by 100 km.”
Scott Berdahl· 04 Jun 2026·
exploration upside
still growing, still open, strip ratio periphery growing meaningfully
“it's uh you know, it's it's still growing, it's still open. Uh but it's a very high-grade, very continuous uh body right at surface. Um three-dimensionally continuous.”
Scott Berdahl· 04 Jun 2026·
Show the other 5 statements
exploration upside
strip ratio 0.1 to 1 in starter pit including pre-strip
“the strip ratio is .1 to 1 including the pre-strip. So, there's basically no internal dilution.”
Scott Berdahl· 04 Jun 2026·
exploration upside
life of mine strip ratio 1.1 to 1
“you have a life of mine strip ratio of 1.1 to 1.”
Scott Berdahl· 04 Jun 2026·
grade
1.2 grams per ton measured and indicated, sub gram inferred
“The measured and indicated is 1.2 grams per ton. Inferred is is sub gram, kind of an outer periphery”
Scott Berdahl· 04 Jun 2026·
resource size
2.9 million ounces in starter pit, 2.3 grams per ton average grade
“the high grade at surface starter pit. It's kind of like a almost a super starter pit. It's 2.9 million ounces, average grade 2.3 grams per ton.”
Scott Berdahl· 04 Jun 2026·
resource size
7.9 million ounces measured and indicated, 0.9 million ounces inferred
“our most recent resource uh was based on on around 50,000 m of drilling. Uh 7.9 uh uh million ounces measured and indicated, another [clears throat] .9 million ounces inferred.”
Scott Berdahl· 04 Jun 2026·

Jurisdiction 2

Key takeaway. Management says Snowline Gold's project is located in the Eastern Yukon territory, within Canada (June 2026).

What was actually said
country
Canada
“I'm born and raised here in the Yukon.”
Scott Berdahl· 04 Jun 2026·
region
Eastern Yukon territory
“evidence of big mineral systems out in this underexplored part of Eastern Yukon territory.”
Scott Berdahl· 04 Jun 2026·

Economics 3 statements

Economics 3

Key takeaway. In its June 2026 PEA, Snowline Gold reports an NPV of C$3.4 billion using a US$1,950 gold price for engineering and US$2,150 gold price for the economic model, and an NPV of C$11.4 billion at spot prices.

Read the full summary

The company puts initial capex at US$1.7 billion in that PEA.

What was actually said
capex
1.7 billion dollars in PEA
“the PEA itself uh, has a has a 1.7 billion uh, dollar capex.”
Scott Berdahl· 04 Jun 2026·
npv
3.4 billion Canadian dollars at 1950 gold price assumption for engineering and 2150 gold price for economic model; 11.4 billion Canadian dollars at spot prices
“you come out with an MPV at construction start of 3.4 billion Canadian dollars. uh, the project would have about an 11.4 billion dollar NPV Canadian uh, again based on a PEA.”
Scott Berdahl· 04 Jun 2026·
price assumption
1950 gold price for engineering, 2150 gold price for economic model in PEA
“the engineering is done on a 1950 gold price. And and the economic model in the PEA is is based around a 2150 gold price.”
Scott Berdahl· 04 Jun 2026·

Timeline 1 statement

Timeline 1

What was actually said
milestone
PEA released last year, pre-feasibility study underway
“our PEA, which we released last year, and we're well underway on our pre-feasibility study now”
Scott Berdahl· 04 Jun 2026·

Corporate 2 statements

Management 2

Key takeaway. Management of Snowline Gold emphasises the team's strong insider ownership, noting they hold a "big stake in the company." The company also points to the CEO's background as a prospector with a geology degree from MIT, a master's degree in…

Read the full summary

earth science and engineering, and an MBA, as of June 2026.

What was actually said
insider ownership
big stake in the company
“I have a big stake in the company, and you know, very aligned there in trying to drive value for for everyone involved.”
Scott Berdahl· 04 Jun 2026·
track record
prospector, geology degree from MIT, master's degree in earth science and engineering, MBA
“I am a a prospector, first and foremost. I went on and studied geology at MIT. I went back, I did a master's degree in earth science and engineering, very math-heavy, focused on a lot of geophysics, special statistics, and then went on to do an MBA.”
Scott Berdahl· 04 Jun 2026·

Outside views 24 mentions

24 mentions by people who do not speak for the company — 17 constructive, 0 cautious, 6 neutral. These are their views, not the company's.

Mike Cinnamond
bullish
Held as a strategic investment; CEO notes Snowline is 'doing really well' and B2Gold is a happy shareholder.
Mining Network· 20 Jul 2026·
Rick Rule
bullish
Very long position. Absolutely astonishing grade but infrastructure-challenged. Large deposit with exploration upside.
The Silver Market· 20 Jul 2026·
Unknown speaker
neutral
Mentioned only as one of the marketable securities held by Carlin Gold on its balance sheet.
Resource Talks· 18 Jul 2026·
Rick Rule
bullish
He says he is very long and likes the grade despite infrastructure challenges.
In it to Win it· 17 Jul 2026·
Show the other 20 mentions
Rick Rule
bullish
He says he is very long, likes the large deposit, and notes it has astonishing grade despite infrastructure challenges.
Rule Investment Media· 16 Jul 2026·
Steve Barton
bullish
He says he is very long, likes the large deposit, and notes it has astonishing grade despite infrastructure challenges.
Rule Investment Media· 16 Jul 2026·
Tara Christie
neutral
Referenced in context of NPV impact from timeline acceleration — analyst report said each year saved is ~3-4% of NPV
Natural Resource Stocks· 15 Jul 2026·
Jeff Clark
bullish
Cited as a past winner that moved as much as 45x and illustrates his preferred discovery style.
VRIC Media· 11 Jul 2026·
Rick Rule
bullish
Described as a 'must-own deposit' — it will get bigger and higher grade, will build its own infrastructure and self-finance. Near-term stock performance is irrelevant to the long-term thesis.
The Deep Dive· 07 Jul 2026·
Cited as a peer comparison trading at ~US$180/oz EV; Omai framed as cheaper on EV/oz basis
Crux Investor· 26 Jun 2026·
Marco Roque
neutral
Peer comparison; guest says it is lower grade and lacks infrastructure/permits versus Cassiar.
Natural Resource Stocks· 14 May 2026·
Referenced as a nearby analogue and model comparison; guest says Mike Lake may differ from Snowline-style systems.
Resource Talks· 12 May 2026·
Tavi Costa
bullish
He calls it one of the best companies and says he loves it.
maneco64· 06 May 2026·
Mario Innecco
bullish
He calls it one of the best companies and says he loves it.
maneco64· 06 May 2026·
Rod Husband
neutral
Cited as example of low discovery costs in the Yukon (~$20/oz); no directional call, just an industry benchmark reference.
The Deep Dive· 28 Apr 2026·
Rick Rule
bullish
He owns a lot and calls it a potential tier-one discovery with major upside.
Rule Investment Media· 25 Apr 2026·
Steve Barton
bullish
He owns a lot and calls it a potential tier-one discovery with major upside.
Rule Investment Media· 25 Apr 2026·
Rick Rule
bullish
Tier-one gold discovery in remote Canada; owns at vastly lower prices; has sold enough to be at 'point of no concern.' May outperform due to perceived Canadian political safety.
In it to Win it· 25 Apr 2026·
Steve Barton
bullish
He owns lots of it and views it as a potential tier-one discovery with major scale and exploration upside.
Rule Investment Media· 24 Apr 2026·
Rick Rule
bullish
He owns lots of it and views it as a potential tier-one discovery with major scale and exploration upside.
Rule Investment Media· 24 Apr 2026·
Tara Christie
neutral
Used as a peer comparison — Snowline traded at $260/oz pre-Iran tensions, over $300 before, illustrating how undervalued Banyan is
Crux Investor· 05 Apr 2026·
Unknown speaker
bullish
Used as an example of early discovery compounding into a multibillion valuation.
Resource Talks· 20 Mar 2026·
Used as the key analog for a major discovery-to-re-rating outcome in the same belt.
Crux Investor· 20 Mar 2026·
Rick Rule
bullish
Named as a 5M+ ounce Yukon discovery that could attract a major acquirer in the first wave of M&A.
The Silver Market· 04 Mar 2026·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
04 Jun 2026 Rule Investment Media Scott Berdahl, CEO of Snowline Gold | Rule Symposium 2026: Rick Rule interviews 16
22 Jul 2025 The Deep Dive Get to know First Majestic Silver's Keith Neumeyer! No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

first quantum minerals 1
gold 1
silver 1
copper 1
yukon metals 1

Questions people ask

What is Snowline Gold's project and where is it?

Snowline Gold is a explorer gold company, with a project stated to be in Yukon, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Snowline Gold?

We track 2 interviews mentioning Snowline Gold, across 2 channels (Rule Investment Media, The Deep Dive).

What are investors saying about Snowline Gold?

24 independent voices — people who do not speak for the company — are on record discussing it (17 bullish, 6 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Snowline Gold cover?

The most-discussed topics on record are the deposit, economics, jurisdiction, management — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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