A2A with "Mercenary Geologist" Mickey Fulp

The Mercenary Geologist

Mickey Fulp is well-known and highly respected throughout the mining and exploration community for his ongoing work as an analyst, writer and speaker. I figured that he would be an excellent A2A guest and he didn't disappoint. Please take the time to give this a listen.

Over the course of this discussion, Mickey addresses many issues and topics, among them:

  • The ratio of gold to silver in the earth's crust
  • The average cost of production for gold miners
  • Why most miners failed to maximize profits between 2002 and 2012
  • The best places to mine and pan for gold
  • Some exploration companies that he follows closely
  • Rare earth exploration and mining

He also gives the most unique answer yet when faced with the traditional final question of "the final four". So, please take the time to listen to this recording. You'll be glad you did. It's full of helpful information.



p.s. During the call, Mickey references this post of his from earlier this year: https://news.goldseek.com/GoldSeek/1423059476.php He also recommends you watch these brief videos:


May 2, 2015 - 2:07pm

cornucopian vs malthusian

I liked this comment from Mickey. Where he falls short is not discussing the EROI declining Ratio i.e. per SrSRocco. That variable is not a constant.

May 1, 2015 - 6:33am


You are correct. Started buying in 2008, toilet paper,paper towel,dish soap zip lock bags on and on. 4 pallets oil, 2 cycle, chainsaw oil etc. people don't realize how they have been screwed by the down sizing of every thing! Rule of thumb when buying if it's 50% off you buy all off the shelf, if it's 75% off you buy off shelf and ask if any is in the back!!!!!! I have only bought stuff on sale.

May 1, 2015 - 6:10am

Stacking and Prepping

Don't just stack to survive. Stack to fight inflation! It's like getting a 25% discount on all your staples if you buy in bulk and as a free bonus you're protected in case of "Armageddon". You all know I believe something's going to happen but I find it sells much easier if you can pull out a receipt and show someone what they buy for $2 you buy for $.50. Anyone who's seen my gamma seal buckets has shut the hell up after I show them I'm getting pancake mix for .50/lb.

Apr 30, 2015 - 12:53pm


I've copied your post, and sent it to a friend.

Thanks for posting that!!!

Apr 30, 2015 - 12:45pm

Hope is blossoming

Had a long time client in my office today. He has done well if you measure by material things. His own plane, home here and in FLA , owns significant farm land and several income properties. Very healthy investment portfolio.

We start our meeting, have some small talk and he blurts out point blank. "Can you introduce me to your friend that sells gold?"

I ask sure but why do you want to own gold?

He responds "I have been doing a lot of reading and chatting with friends, I know you have suggested over the years. I think the time is right to get some. I think things are F#@ked"

I asked him are you buying to get wealthy or to preserve wealth? He said the latter.

We had a really good conversation and will be doing a buying trip next week followed by a fishing trip

People are waking up

I also suggested he get 5-10 K in cash out of bank and put in secure places around house. He says already looked after.


Apr 30, 2015 - 11:51am

Marchas45 - I'd hat tip your post

4,732 times, if I could.

Well said!!

Apr 30, 2015 - 11:19am

It Has To Be Said

I very seldom respond to posts and try and keep my feelings to myself but as a Physical Silver Stacker I want to get the shit straight, why this Silver Stacker is Stacking and why others like myself are Stacking. not because, "He's not a big fan of silver and I'm sure that disappointed a lot of people here, most of whom are silver stackers." Why the need for that quote?????maybe you should get to know a true stacker and not a fortune seeker.

I'm Stacking because it's not that there's a lack off minerals and such or how well endowed we are with metals and minerals (meaning the planet of course) I'm a little short in that category. and I'm sure as hell not disappointed by what Mickey say's but I rather enjoyed it. I did think he was a little bit full of it though. Like myself sometimes. Lol

Neither am I stacking for wealth (Can't speak for other so called Stackers), that's the furthest thing from my mind. A Little Pun (It's All Material friends along with all the toys I have and including other assets which can be taken away from me in at a seconds notice) and if that happens so be it, I'll start over again with Gods help.

4 years ago I had this deep feeling inside of me which I still have it today, that there is something wrong in this world and that this strong voice is making me aware of it to get prepared for something that is going to be happening. I'm still not fully aware what's going to happen but I have an idea what it is but that's all I have, an idea.

That idea is happening all around me right now folks, anger, hatred, violence, theft, slavery, controlling, media propaganda, you name it, it's out there and it's getting fucking worse. Now Add CORRUPTION

My friends and Mel "I'm Stacking for Survival" to protect my family and friends and the biggest reason I come on this forum was to find out what I should be doing with my Physical Stack when the shit hits the fan (I'm getting some ideas but I wish I could get some from traders like Mel). I know I won't be using my stack right away, hell that's why I'm on here to fucken learn. I have been Stacking other things also that are going to help me Survive. Like food and all the other essentials, medicine, guns, gas, ammo, solar equipment you name it I may have it.

Anyway I'm Stacking Because This Fucken World Is Going To Hell In A Handbasket and This Is My Opinion as To Why This Stackers Stacking. So To Hell With The Wealth and Give Me Gods Grace and a Safe Passage Through The Carnage. God Now I Feel Better Keep Stacking

J.P. Cubish
Apr 30, 2015 - 10:17am


Refreshing interview. Thanks for that.

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Apr 30, 2015 - 6:02am

Another Great Interview

Thanks Craig. I' m a math and science guy and I always enjoy precious metals discussions from that perspective. Also, glad to here he is invested in a couple of companies I own through my Sprott broker.

Apr 30, 2015 - 5:51am


Agreed, but aeons long processes. New mineable and economic silver deposits from any of these processes won't be available in our lifetimes, or perhaps even for 100k years or so (or much, much longer?)

By the way, and off topic, I see Richard Petty pushing gold bullion ownership on an informercial on TV this AM for The United States Gold and Silver Reserve Co. Never heard of them before.

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Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
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Key Economic Events Week of 8/10

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Key Economic Events Week of 8/3

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Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
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7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
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