Podcasts about IRR

Send us a text"RAISE CAPITAL LIKE A LEGEND: https://go.fundraisecapital.co/frc2-apply"Why do some fund managers and startup founders close oversubscribed fundraising rounds in days, while others chase investors for months with nothing but "maybes"? The secret to raising capital successfully is not just your IRR, deck, or data room—it's mastering The Fundraise Formula.In this powerful episode of Making Billions, host Ryan Miller reveals the simple yet universal law that dictates every successful private equity deal, venture capital round, and alternative asset raise: Trust multiplied by the Transaction.Stop chasing capital and start making capital chase you. This masterclass is essential viewing for fund managers, General Partners (GPs), Limited Partners (LPs), deal syndicators, venture capitalists, angel investors, and startup founders who are serious about scaling their businesses and building their financial empire.Download The Fundraise Capital Diagnostic Tool—the private framework Ryan uses to score a deal's investor perception—and change the way you raise capital forever: go.fundraisecapital.co/thefundraiseformulaSubscribe on YouTube:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Instagram: https://Support the showDISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient's state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

Homeownership has been baked into the American Dream for nearly a century. Politicians, parents, and banks all tell you the same thing: “Buy a house as soon as you can. It's your biggest asset.” But as a real estate guy who actually understands how wealth is created… I'm not convinced it makes sense for everyone—especially early in your career. Let me explain. Say you finally start making some real money—maybe you're a doctor fresh out of residency. The cultural script kicks in immediately: Buy a house. Build equity. Feel responsible. But here's the part most people forget: your primary home is not an asset. As Robert Kiyosaki puts it, if something takes money out of your pocket, it's not an asset—it's a liability. According to Bankrate and the Census Bureau, U.S. homeowners spend around $17,000 per year just to maintain and operate their homes—and that's before you make a single mortgage payment. That's property taxes, insurance, utilities, landscaping, repair bills, HOA fees… the list goes on. If your house is worth $1.5M, even the bare-minimum 1% annual maintenance rule hits you with $15,000 a year just to keep the place from deteriorating. Add insurance, taxes, utilities, and everything else, and you're looking at $30,000–$40,000 per year in unavoidable, non-negotiable carrying costs. And that still doesn't cover the roof that fails, the appliances that die, or the curveballs Mother Nature throws at you. None of that feels like an “asset” to me. Now, to be fair, people don't usually buy homes as investments. They buy them for stability, a place to raise kids, a sense of being “settled.” It's emotional. It's psychological. And it's real. But if you're young—and especially if you haven't hit your first million—it's worth asking yourself a tough question: Is buying a home right now the best financial move… or just the most familiar one? Because historically, U.S. home prices appreciate around 4.3% a year (Case-Shiller). Meanwhile, the S&P 500 averages closer to 10%. And if you’re in real estate investing? A solid multifamily value-add deal often targets 16–20% IRR—plus tax advantages your primary home will never give you. So if you're just getting started, it might make sense to delay that home purchase. Invest first. Build your passive income. Let your assets—not your salary—pay for your lifestyle. Then when you do buy a home, you'll be doing it from a position of strength, not strain. The irony is this: waiting often gets you to the dream home faster because your capital compounds instead of being trapped in drywall, windows, and a backyard you barely have time to enjoy. This Week on Wealth Formula Podcast, I interview expert Dr. Ken Johnson, who digs even deeper into this question—and lays out why homeownership isn't the golden ticket people think it is, especially for high earners early in their wealth-building years. Linked mentioned: Beracha and Johnson Housing Ranking Index: https://www.ares.org/page/beracha-johnson-housing-ranking-index Waller, Weeks and Johnson Rental Index: https://www.ares.org/page/waller-weeks-johnson-rental-index Price-to-Rent Ratio Report: https://therealestateinitiative.com/price-to-rent-ratios/ Top 100 Housing Markets – Inflation Adjusted: https://therealestateinitiative.com/housing-top-100/ Learn more about Dr. Ken Johnson: https://olemiss.edu/profiles/khjohns3

What happens when alternative investments shift from niche products to the industry's go-to value proposition? In this episode, we're joined by financial planner and self-described "pathological nerd" Aravind Sithamparapillai for a rigorous exploration of private markets, product due diligence, advisor incentives, and the narratives driving the surging popularity of alts. Aravind has become known in advisor circles for asking the uncomfortable questions at conferences—the ones that expose gaps in explanations, shaky assumptions, and in some cases, outright contradictions. In this conversation, he shares the stories and analytical frameworks behind his deep dives into mortgage funds, private credit, private real estate, IRR-based marketing, vintage stacking, stale pricing, operational risk, and why even large professional allocators get burned. We explore how advisors are selling alts, how funds are pitching them, what due diligence actually requires, how expected returns can be decomposed, and why illiquidity and "low correlation" benefits rarely play out in practice. Aravind also explains how some funds maintain stable NAVs through "extend and pretend," how gating works, why audited financials aren't a safety blanket, and why even top-tier firms miss red flags. Key Points From This Episode: (0:00:38) Aravind's introduction and reputation for deep, "pathological" research (0:02:23) Why alts have become embedded in Toronto's planning culture (0:03:38) Client pressure, advisor FOMO, and the belief that 60/40 is "broken" (0:05:31) Aravind's personal path into indexing, factors, and Dimensional (0:10:46) Why he started digging into alts: curiosity, client conversations, and advisor narratives (0:13:47) The "conference meme": why he asks questions others avoid (16:58) The role of intellectual honesty vs. industry narratives (20:19) The pivotal 2023 mortgage fund story: duration, turnover, and a major contradiction (22:51) "Extend and pretend": how stable NAVs can be manufactured (28:59) What "gating" actually means and why it matters (31:48) Marketing tactics: cherry-picked start dates and chart crimes (32:47) IRR manipulation, vintage stacking, and anchoring bias (36:35) Why comparing gross private credit returns to net equity returns is misleading (39:18) The problem with "low correlation" as a selling point (41:00) Why rebalancing with illiquid assets often fails in practice (44:58) How Aravind builds expected return estimates for alts (47:07) Private real estate: why expected returns often land near public market levels (48:48) A case study: apparent outperformance disappears once you match the right benchmark (51:43) The idiosyncratic risk of overweighting single-sector, single-region REITs (55:12) Why most advisors don't truly understand the all-in fees (58:00) What real due diligence should include (and why it's so hard) (1:00:35) Should advisors trust third-party due diligence providers? (1:02:58) How much comfort should investors take from audited financials? (1:05:02) Why valuation levels (1–3) matter and why most private funds use Level 3 inputs (1:06:00) The overall conclusion: markets work, but alts require extraordinary scrutiny Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Ben Wilson on LinkedIn — https://www.linkedin.com/in/ben-wilson/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

What if you could tap into one of the hottest commercial real estate niches right now? Jonathan Tuttle, CEO of Land Play, reveals his flex space development strategy in the fastest-growing markets in Texas. We're talking 90% warehouse, 10% office—purpose-built spaces for contractors, plumbers, and HVAC companies that need both operations and storage under one roof. Jonathan shares how he identifies massive product-market fit, structures deals with preferred returns, and turns raw land into cash-flowing assets delivering 22% IRR to investors in just 25 months. This is opportunistic real estate at its finest.   Check out Jonathan's work at land-play.com  

Interview with Chris Stevens, CEO, Coda MineralsOur previous interview: https://www.cruxinvestor.com/posts/coda-minerals-asxcod-95-recovery-rate-transforms-copper-project-into-tier-1-asset-7833Recording date: 2nd December 2025As global copper markets confront a widening supply deficit, Australian junior Coda Minerals is positioning its Elizabeth Creek Copper-Silver Project as a potential solution to what CEO Chris Stevens describes as an industry crisis. Located in South Australia adjacent to BHP's Carrapateena operation and near the world-class Olympic Dam mine, the project benefits from established infrastructure in a proven mining jurisdiction.The company's economics have transformed dramatically since initial studies. At conservative base case assumptions of $9,260 per tonne copper and $30 per ounce silver, Elizabeth Creek delivers an $855 million post-tax net present value with a 35% internal rate of return. However, with copper currently trading at $11,600 per tonne and silver reaching record levels near $59 per ounce, the post-tax NPV expands to $1.9 billion with a 60% IRR. This compares to Coda's current market capitalisation of approximately $40 million.A fundamental strategic shift underpins this enhanced profile. Coda abandoned its original copper-cobalt-silver flowsheet in favor of a simplified approach focusing exclusively on copper and silver through proven leaching technology. "If you can base the project fundamentally off two commodities with deep liquid markets, you're in a much better shape," Stevens explains. This eliminates the marketing and technical challenges associated with cobalt while employing methods used for roughly 20% of global copper production.With three drill rigs currently on site and a fully funded prefeasibility study targeting completion by end-2026, Coda is systematically de-risking a large, flat-lying orebody spanning 4.5 square kilometers. The recent $12.3 million capital raise was heavily oversubscribed, funding critical hydrogeology drilling, geotechnical work, and mine optimization studies.Stevens articulates the supply challenge starkly: "You need 30 Codas to replace an Escondida. Where are they coming from? Because there are not 30 Codas in Australia." With demand accelerating through electrification and data center expansion while legacy mines deplete, credibly-financed development projects in established jurisdictions occupy an increasingly strategic position in global copper supply chains.Learn more: https://www.cruxinvestor.com/companies/coda-minerals-ltdSign up for Crux Investor: https://cruxinvestor.com

Recorded live at HLTH, this episode of Bright Spots in Healthcare takes you inside Health2047, the venture studio founded by the American Medical Association to tackle some of healthcare's gnarliest problems. Host Eric Glazer sits down with Warren Templeton, Managing Director at Health2047, to explore how the AMA is backing founders at the earliest stages to reshape physician workflows, chronic disease management, and data liquidity. Warren shares how Health2047 partners with science- and clinician-led startups at the pre-seed and seed stages, wrapping founders with commercial strategy, clinical and billing expertise, and an evergreen capital model that matches healthcare's longer time horizons. He also unpacks why humility and conviction are the two non-negotiable traits he looks for in founders. You'll hear real-world examples from Health2047's portfolio, including: Zing Health – a Medicare Advantage plan built for underserved communities, rooted in social determinants of health and community-based design Phenomics Health – an obesity phenotyping company born from a "failed" diabetes prevention bet, now helping match patients to the right GLP-1s, procedures, and care pathways ScholarRx – a global medical education platform partnering with the WHO to enable high-quality "tertiary care in the wild" for clinicians around the world Warren and Eric also dig into: Why traditional 5–7 year VC timelines often clash with healthcare reality How to balance breakthrough science with practical workflow integration and commercial viability The impact KPIs Health2047 tracks beyond IRR, including lives and care teams impacted If you're a founder, investor, or healthcare leader trying to build something that actually works in the real world—not just on a pitch deck—this conversation offers a candid look at what it takes to design, fund, and scale the next generation of healthcare companies. Bio: https://health2047.com/leadership/warrentempleton/ References: Health2047's portfolio companies mentioned in the episode: Zing Health - https://www.myzinghealth.com/ Phenomics Health - https://www.phenomicshealth.com/ ScholarRx - https://scholarrx.com/ Partner with Bright Spots Ventures: If you are interested in speaking with the Bright Spots Ventures team to brainstorm how we can help you grow your business via content and relationships, email hkrish@brightspotsventures.com About Bright Spots Ventures: Bright Spots Ventures is a healthcare strategy and engagement company that creates content, communities, and connections to accelerate innovation. We help healthcare leaders discover what's working, and how to scale it. By bringing together health plan, hospital, and solution leaders, we facilitate the exchange of ideas that lead to measurable impact. Through our podcast, executive councils, private events, and go-to-market strategy work, we surface and amplify the "bright spots" in healthcare—proven innovations others can learn from and replicate. At our core, we exist to create trusted relationships that make real progress possible. Visit our website at www.brightspotsinhealthcare.com. Visit our website:  www.brightspotsinhealthcare.com. Follow Bright Spots in Healthcare: https://www.linkedin.com/company/shared-purpose-connect/

Au sommaire de Radio Foot internationale ce mercredi à 16h10-21h10 T.U. : - CAN 2025 : joueurs mis à disposition plus tard, sélectionneurs vent debout ! ; - Premier League : des Cityzens poussifs face à Fulham. ; - Ligue des nations féminine, l'Espagne toujours au sommet. CAN 2025 : joueurs mis à disposition plus tard, sélectionneurs vent debout ! La FIFA a repoussé d'une semaine la libération des footballeurs africains qui doivent rejoindre leurs sélections. Ça n'est pas du goût des entraineurs qui avaient prévu des stages de préparation avant le Maroc. L'instance mondiale a-t-elle cédé à la demande de l'ECA (association européenne des clubs) ? Une 6è journée de C1 est prévue la semaine prochaine, avant la reprise le 20 janvier. Première League : des Cityzens poussifs face à Fulham. City peut compter sur la régularité d'Erling Haaland (déjà à 100 buts) et sur un Phil Foden retrouvé ! Mais comme face à Leeds, les Skyblues ont des soucis défensifs (score final 5-4). Vont-ils revenir sur Arsenal ? - Slot doit convaincre ! Le coach néerlandais a remis les Reds à l'endroit face à West Ham et doit continuer d'engranger les points. Prochaine étape : Sunderland. Les Blacks Cats avec les Frenchies de Régis Le Bris, une bonne surprise qui fait vibre le championnat ? Ligue des nations féminine, l'Espagne toujours au sommet. Même privées d'Aitana Bonmati blessée, la Roja avait bien résisté à l'Allemagne à l'aller, a fait plier la Mannschaft 3-0 à Madrid. Championnes du monde, vice-championnes d'Europe, les joueuses de Sonia Bermudez confirment leur suprématie. Irrésistibles ? - Les Bleues sur le podium. La compétition se termine sur une note positive, même si les Françaises avaient fait le plus dur avant d'être rejointes puis emmenées en prolongation à Stockholm par les Suédoises, 3ès mondiales. Coaching gagnant et petite consolation après un Euro décevant ? Avec Annie Gasnier : Nabil Djellit, Nicolas Vilas et Salim Baungally - Technique/réalisation : Guillaume Buffet - Pierre Guérin.

Au sommaire de Radio Foot internationale ce mercredi à 16h10-21h10 T.U. : - CAN 2025 : joueurs mis à disposition plus tard, sélectionneurs vent debout ! ; - Premier League : des Cityzens poussifs face à Fulham. ; - Ligue des nations féminine, l'Espagne toujours au sommet. CAN 2025 : joueurs mis à disposition plus tard, sélectionneurs vent debout ! La FIFA a repoussé d'une semaine la libération des footballeurs africains qui doivent rejoindre leurs sélections. Ça n'est pas du goût des entraineurs qui avaient prévu des stages de préparation avant le Maroc. L'instance mondiale a-t-elle cédé à la demande de l'ECA (association européenne des clubs) ? Une 6è journée de C1 est prévue la semaine prochaine, avant la reprise le 20 janvier. Première League : des Cityzens poussifs face à Fulham. City peut compter sur la régularité d'Erling Haaland (déjà à 100 buts) et sur un Phil Foden retrouvé ! Mais comme face à Leeds, les Skyblues ont des soucis défensifs (score final 5-4). Vont-ils revenir sur Arsenal ? - Slot doit convaincre ! Le coach néerlandais a remis les Reds à l'endroit face à West Ham et doit continuer d'engranger les points. Prochaine étape : Sunderland. Les Blacks Cats avec les Frenchies de Régis Le Bris, une bonne surprise qui fait vibre le championnat ? Ligue des nations féminine, l'Espagne toujours au sommet. Même privées d'Aitana Bonmati blessée, la Roja avait bien résisté à l'Allemagne à l'aller, a fait plier la Mannschaft 3-0 à Madrid. Championnes du monde, vice-championnes d'Europe, les joueuses de Sonia Bermudez confirment leur suprématie. Irrésistibles ? - Les Bleues sur le podium. La compétition se termine sur une note positive, même si les Françaises avaient fait le plus dur avant d'être rejointes puis emmenées en prolongation à Stockholm par les Suédoises, 3ès mondiales. Coaching gagnant et petite consolation après un Euro décevant ? Avec Annie Gasnier : Nabil Djellit, Nicolas Vilas et Salim Baungally - Technique/réalisation : Guillaume Buffet - Pierre Guérin.

Interview with Ingo Hofmaier, CFO of Lifezone MetalsOur previous interview: https://www.cruxinvestor.com/posts/lifezone-metals-nyselzm-tanzania-nickel-developer-boosts-resource-by-20-amid-ev-metals-push-6482Recording date: 24th November 2025Lifezone Metals (NYSE:LZM) is positioning its Kabanga nickel project in Tanzania as a strategic Western-aligned alternative to Indonesian supply dominance, following the successful acquisition of BHP's 17% stake through a deferred payment structure. CFO Ingo Hofmaier detailed the company's progress toward a final investment decision (FID) targeted for late 2025, highlighting how decades of exploration work and recent infrastructure improvements have transformed the project's development prospects.The July 2025 feasibility study marked a watershed moment, providing the first public financial analysis of the deposit in its 50-year history. The numbers demonstrate compelling economics: a $1.6 billion after-tax NPV, 23.3% IRR, and 4.5-year payback period, with all-in sustaining costs of $3.36 per pound net of byproduct credits. The deposit contains approximately 50 million tons of reserves at 1.9-2% nickel grades, with valuable copper and cobalt byproducts that position Kabanga in the lower quartile of the global cost curve.Infrastructure improvements have fundamentally de-risked the project. Tanzania's new standard-gauge railway from Dar es Salaam to Lake Victoria addresses historical logistics concerns, while three new hydropower stations provide grid connection with 95-98% availability. These developments eliminate the power and transportation constraints that previously hindered development efforts.Lifezone secured a $60 million bridge facility with Taurus Mining in August 2025, funding execution readiness activities while the company advances project financing discussions. The high-grade nature of the deposit supports a targeted 60/40 debt-to-equity financing structure for the $950 million to $1.2 billion capital requirement. Advanced discussions with the U.S. Development Finance Corporation, European export credit agencies, and Mineral Security Partnership members reflect Western government recognition of Kabanga's strategic importance amid 70-80% Indonesian supply concentration and associated geopolitical concerns.The company's proprietary hydrometallurgical processing technology offers environmental advantages over conventional smelting, eliminating sulfur dioxide emissions while leveraging the ore's 30% sulfur content to avoid purchasing sulfuric acid—a significant cost advantage over Indonesian laterite operations.View Lifezone Metals' company profile: https://www.cruxinvestor.com/companies/lifezone-metalsSign up for Crux Investor: https://cruxinvestor.com

Mark Brennan,  Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their Q3 2025 financial and operational metrics at the producing Minera Don Nicolas (MDN) gold mine in Argentina. We discuss the aggressive 70,000 meter exploration program on tap for MDN into 2026, and unpack the key upcoming development catalysts at the Lagoa Salgada VMS Project in Portugal and the Mont Sorcier Iron-Vanadium project in Quebec.   Q3 2025 Financial Highlights Gold equivalent production of 13,832 Gold Equivalent Ounces (“GEO”) vs 11,437 GEOs in Q2 2025 (+21%) at an AISC of $1,915/oz Adjusted EBITDA of $11.8 million for Q3 2025, and Cash at $16.5 million Partial hedge expires end December increasing future gold sale prices Full year guidance of 50,000-55,000 GEO maintained: Heap leach production growing as expanded crushing capacity and improved recoveries result in another record of quarterly production of 10,429 GEO (+33% vs Q2) Q4 Underground mining production ramping up with underground development at Paloma advancing, and three access portals targeted to reach production stopes by year-end. CIL plant starting to receive ore from underground development, production expected to ramp up in Q4/2025 as higher-grade underground material supplants lower grade stockpile feed in the mill 20,000 meter exploration program expanded by 50,000 meters to a 70,000 meter surface program, with additional rigs to arrive in the fourth quarter   Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the record heap leach gold equivalent ounce production for the quarter. There is expanded and improved crushing capacity at the heap leach, from the newly installed secondary crusher, and this will continue to be impactful on a move-forward basis in Q4 and beyond, with the quantity of ore being placed on the pad having increased, and with it helping to reduce down unit costs in the latter part of H2 2025.   Next we unpacked the growing value proposition at the Lagoa Salgada VMS Project  in Portugal, with a Post-tax NPV of US$147 million and a 39% IRR in the current Feasibility Study. This Project adds both substantial precious metals resources along with critical minerals exposure (42 % Gold & Silver, 24% zinc, 14% copper, and 5% tin) to the future production profile.  We also discuss the various work streams leading to optimized Feasibility Study in Q4, a construction decision by mid-2026, and with first production slated for early 2028.   We wrap up discussing the underappreciated value and ongoing derisking work that is moving towards a Bankable Feasibility Study which has been moved back to Q2 of 2026 at the Mont Sorcier Iron Project in Quebec. Recent metallurgical test work, has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%.     If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to see the latest news from Cerrado Gold.   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

Welcome back to another episode of the EUVC Podcast, your trusted inside track on the people, deals, and dynamics shaping European venture.This week, Andreas Munk Holm is joined by Max Kufner, Co-Founder and CEO of again, and Jan Miczaika, Partner at HV Capital.again is one of those rare European deep-tech stories that blends academic brilliance, industrial execution, and venture pace. Born out of DTU, with roots at Stanford and MIT, again uses gas-eating microbes to turn CO₂ emissions into valuable chemicals and materials. In plain English: they take carbon that's already in the air (not the ground) and repurpose it into things we use every day, from plastics to fertilizers.Backed by HV Capital, GV, and a handful of top European and US investors, again is on a mission to decouple industrial growth from fossil carbon. But the conversation goes far beyond climate tech.Max and Jan unpack what it takes to build deep tech at venture speed, the reality of talent scarcity in Europe, the cultural differences between US and EU deep-tech ecosystems, and how to navigate board dynamics, milestone-based investing, and the journey to a Series B in a capital-intensive world.Whether you're a founder, investor, or LP curious about deep tech's reindustrialisation wave — this one's for you.Here what's covered:01:24 | again in one line — gas-eating microbes → chemicals (no oil out of the ground)02:53 | Why HV Capital backed again — climate upside and a chance to redefine European chemicals04:31 | Investor → founder pendulum — why Max went from Atlantic Labs partner back to operator06:20 | The serial founder advantage (and its hidden trap)10:17 | Building deep tech in Europe — talent constraints, optimism gaps, and moving early to the US15:30 | Multipolarity — global operations, risk appetite, and where to spend your time23:38 | Boardcraft — how to use your board (and avoid being over-managed)28:39 | On-air sparring — asset-heavy vs. platform-heavy business models33:17 | Prepping for Series B — risk, IRR, and the difference between validation and scale36:59 | Milestone-based investing in deep tech — bridges, binaries, and how to keep momentum43:12 | LPs and VCs — why deep tech is high-risk and high-alpha46:08 | Founder lessons — customer co-creation, speed, and building fast with scientists48:06 | Final reflections — Europe's industrial renewal through deep tech

In this episode of the Massive Passive Cashflow Podcast, I sit down with Michael Pouliot, Chief Investment Officer of Carbon Real Estate Investments, founder of EON Capital Partners, and a private equity operator with over $1 billion in completed real estate transactions. Michael blends Wall Street training from J.P. Morgan and Merrill Lynch with real-world entrepreneurial execution, making him one of the most data-driven and operationally disciplined investors in the workforce housing space. Michael shares how he transitioned from the fixed-income desk on Wall Street to becoming a full-time real estate investor—starting with a $25,000 BRRRR deal in Philadelphia that became the blueprint for scaling into 50+ acquisitions, 20–50 unit buildings, and eventually a fully vertically integrated multifamily platform focused on workforce, renter-by-necessity housing. We dive deep into the exact strategy he uses to build long-term, durable cash flow—from targeting 1970s–1990s vintage multifamily assets, to buying in school districts rated 8–10/10, to underwriting properties on a 10-year hold horizon rather than chasing short-term IRR. Michael also breaks down his data stack (RealPage, CoStar, ATTOM, Parcel Labs, U-Haul migration data) and the demographic filters Carbon uses to choose markets like Georgia, Northern Florida, Alabama, Ohio, and Indiana. You'll also hear how Michael works with family offices, high-net-worth investors, and special-situation capital partners—and why his vertically integrated model creates stability, investor protection, and consistent monthly income even in volatile markets. Whether you're an aspiring investor, an operator ready to scale, or a professional seeking passive income, this episode is packed with high-level insights to help you invest smarter and build lasting wealth through workforce housing.     What You Will Learn: How Michael transitioned from Wall Street (J.P. Morgan, Merrill Lynch) to full-time real estate investing And why trading time for money pushed him toward assets that produce "dividends forever." The exact numbers on his first BRRRR deal How a $25K Philadelphia rowhome led to dozens of repeatable deals and the foundation for scaling. Why workforce housing creates strong, long-term cash flow And why targeting families, great schools, and 2–3 bedroom units creates low turnover and stable operations. Michael's data-driven market selection system Including migration trends, income-to-rent ratios, school ratings, home-price gaps, and supply metrics. Why he underwrites every deal on a 10-year hold And how long-term compounding beats short-term IRR chasing. How Carbon built a vertically integrated property management platform And why owning operations is essential for protecting both tenants and investors. Where the best opportunities are today Why markets in Georgia, Northern Florida, Alabama, Ohio, and Indiana continue to outperform. How family offices evaluate operators—and why they trust Michael What makes an operator "institutional-ready," plus what new investors should prioritize when partnering. Why now is a pivotal moment for renter-by-necessity housing And how investors can position themselves for durable income in the next decade.     Links & Resources: LinkedIn: https://www.linkedin.com/in/michael-pouliot/  Carbon Website: https://www.investwithcarbon.com/  EON Website: https://www.eoncapitalpartners.com/  Website: https://www.michaelpouliot.com/      Attention Investors and Agents: Are you ready to scale your real estate business and connect with like-minded professionals?

Nicholas Lorimer asks Hermann Pretorius about the IRR's latest polling report on the state of Race Relations in South Africa. Link to the paper and the webinar: https://irr.org.za/reports/irr-polling/pro-growth-or-pro-poverty-findings-of-irr-polling-2025-report-3-race-and-race-relations Website · Facebook · Instagram · Twitter

Dr. Robert Quartermain, Co-Chairman, Director and CEO of Dakota Gold (NYSE American: DC), joins me for an exploration and development update from their Richmond Hill Oxide Heap Leach Gold Project. He also outlines the long-term optionality of their Maitland Gold Project.  Both projects are located in the historic Homestake District of South Dakota, near existing mining infrastructure.    Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. M&I plan identifies 168.3 million tonnes at a grade of 0.566 grams per tonne gold (“g/t Au”) for a total of 2.6 million ounces produced over a 17-year life of mine. MI&I plan identifies 273.7 million tonnes at a grade of 0.530 g/t Au for a total of 3.9 million ounces produced over a 28-year life of mine. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.   On November 19th, assay results from 26 drill more holes were reported as part of the ongoing 2025 drilling campaign at the Richmond Hill Project, including the first assays from expansion drilling in the northeast corner of the Project.   Highlights from this update include:   Expansion and infill drill holes in the northeastern corner of the Project area are intersecting significantly higher-grade gold than the average resource grade including RH25C-278 intersecting 1.75 grams per tonne gold (g/t Au) over 19.9 meters (35 gram meters) and RH25C-295 intersecting 2.15 g/t Au over 30.0 meters (65 gram meters). The expansion drilling surrounding the area has the potential to add to the resource based on prior drilling and current resources in the area, and is only limited by drilling and remains open.   Metallurgical drill holes across the northern Project area continue to intercept high-grade gold, de-risking the Project and providing greater confidence in the resource including RH25C-270 intersecting 2.26 g/t Au over 29.2 meters (66 gram meters) and RH25C-288 intersecting 4.15 g/t Au over 14.5 meters (60 gram meters). The metallurgical drilling results demonstrate the low-risk nature of the deposit with widespread mineralization.   Drilling continues to confirm high-grade gold mineralization in the northern portion of Richmond Hill, supporting the Company's plan to prioritize initial mining in this area. Dakota Gold currently has two drills operating on site and expects to complete approximately 27,500 meters (~90,000 feet) of drilling during the 2025 campaign.   Robert highlights how these robust gold and silver resources, site infrastructure, and low cost project economics, point to a low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues.  He points out how the higher grade mineralization in the northeast corner may accelerate the economics and shorten the payback period outlined in the SK 1300 Initial Assessment with Cash Flow earlier this year. Strong Economics: At a base case gold price of $2,350 per ounce, the project has an after tax NPV5% of $1.6 billion and IRR of 55% for the M&I plan, and $2.1 billion and 59% respectively for the MI&I plan. At recent metal prices of $3,350 the NPV5%'s increase to $2.9 billion and IRR of 99% and $3.7 billion and 107%, respectively. Low-Cost: Initial Capital of $384 million, including $53 million contingency, with life of mine All-in Sustaining Costs (“AISC”) averaging $1,047 for M&I plan and $1,050 for MI&I plan.   With the metallurgical drilling for the 2025 campaign now complete, the company is advancing heap leach column testing and looks forward to sharing those results as they are completed.  The company is rapidly advancing its Richmond Hill project toward eventual surface heap leach gold operation as soon as 2029. Building on the robust IACF, ongoing exploration, metallurgical tests, and derisking workstreams will be incorporated into the Feasibility Study planned for completion in early 2027, with construction starting in 2028 and first production targeted for 2029.   At the Maitland Gold Project the Company is currently assessing the exploration data collected to date from the JB Gold Zone and the Unionville Zone with the intent of outlining an initial inferred gold resource. The work is expected to be completed in the fall of 2025. To date the JB Gold Zone has encountered a number of high-grade intersections which average 10.76 g/t Au over 4.0 meters.       If you have any questions for Bob Quartermain regarding Dakota Gold, then please email those in to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Dakota Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Dakota Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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Charles Funk of Helistar Metals joins the podcast for a thorough conversation on the latest developments out of the Ana Paula gold project in Mexico. Not only did the company publish a new PEA for the project, they also published new high grade drill results. The PEA showed a base Case of US$426.0M post tax NPV5, 28.1% IRR, with a 2.9 year payback at a US$2,400/oz gold price. We also dove into the Q3 financials and the outlook for continued cashflow being able assist in Ana Paula's continued development.

Small Cap Breaking News You Can't Miss! Here's a quick rundown of the latest updates from standout small-cap companies making big moves today.Sitka Gold (TSXV: SIG)Big drill hits strengthen Yukon gold projectSitka Gold continues to expand its flagship RC Gold Project, delivering long intervals of strong mineralization: • 172.4m of 0.90 g/t gold, including 33.4m of 2.40 g/t at Blackjack • 44.4m of 1.33 g/t gold from surface at Saddle • A new zone discovered 300m south of the current resource These results reinforce the potential for significant resource growth inside the existing conceptual pit — a major plus for future economics.Desert Gold (TSXV: DAU)Updated PEA outlines a high-margin gold mine in MaliDesert Gold's new economic study for its SMSZ Project shows: • After-tax NPV (10%) of USD $61M and 57% IRR at $2,850/oz gold • Payback period of ~2.5 years • A modular design doubling throughput to 36,000 tonnes/month At today's gold prices, economics nearly double, making this a highly leveraged development-stage opportunity.Galway Metals (TSXV: GWM)High-grade gold hits expand near-surface North DepositGalway Metals reported new shallow drilling success at Clarence Stream, including: • 18.0 g/t gold over 3.0m (with 47.8 g/t over 1.0m) • Additional near-surface intervals of 2.5–2.8 g/t over 7.0m Mineralization now extends along a 350m corridor outside the current resource pit, suggesting strong potential for future open-pit ounces.West Point Gold (TSXV: WPG)High-grade gold zone extends at depth in ArizonaWest Point Gold delivered some of its strongest results yet at the Tyro NE zone: • 36.6m of 7.35 g/t gold, including 25.9m of 9.95 g/t • A second hole cut 44.2m of 1.11 g/t gold The high-grade zone now extends to 175m below surface, supporting a growing case for a robust maiden resource at the Gold Chain Project.Glow Lifetech (CSE: GLOW)Record revenue + first positive cash flow = breakout quarterGlow Lifetech posted major financial progress in Q3 2025: • 193% revenue growth YoY • First-ever positive operating cash flow • 20% reduction in expenses • Now fully debt-free With its MOD™ brand ranked #2 in Ontario's oils category and new retail expansion underway, Glow is emerging as a scalable player in cannabinoid wellness.Stay ahead of the markets! Follow AGORACOM for more breaking small-cap news, CEO interviews, and real-time updates. And don't forget to subscribe to the AGORACOM Small Cap Podcast for deeper insights!

In April 2025, we bought a small 6-unit property for $400K, put $68K into CapEx, tightened operations, filled every unit, and had it under contract at $650K within five months. We were days away from closing. Buyers locked in. No renegotiation. Clean inspection. A true home run. And then… two days before closing… a 17-year-old driver crashed into one of our tenant's cars, launching it straight into our standalone studio apartment. The entire facade caved in. The tenant had to vacate. And the deal we had lined up fell apart instantly. In this episode, I walk you guys through everything that happened — the lender delays, the accident, the insurance process, the missed deadlines, the backup buyers that vanished, and the financial pressure we're now navigating. This is the real side of multifamily that nobody posts about. We talk about: – How the accident killed the sale – Why insurance and permits slowed everything down – The cash flow and holding-cost punch we're dealing with – The impact on our partners' liquidity – How time destroys IRR in a flip scenario – What we're doing next to stabilize, re-lease, and relist – Why operators earn their keep in moments like this If you're thinking about becoming a GP, or you already operate deals, this is a must-listen. This is the part of multifamily nobody glamorizes — and it's exactly why you need the right systems, the right expectations, and the right team. Want tools, templates, or to work with me?

In this week's solo episode, John Casmon steps away from guest interviews to break down one of the most misunderstood topics in multifamily investing: underwriting. After speaking at the Big Deal Summit in Columbus, John shares the real-world framework he uses to analyze deals—not just in spreadsheets, but in practice. From setting clear investment criteria to identifying operational inefficiencies, John walks through how successful investors combine vision, market insight, and execution to drive lasting results.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Underwriting isn't about the spreadsheet—it's about the vision, people, and execution Always define your buy box and end goals before analyzing numbers Focus on markets with both macro strength and micro-level renter desirability Investors don't pay premiums for plumbing or electric—focus on visible value Operational inefficiencies are gold if you know how to identify and fix them Don't assume you can operate better than a seasoned owner without proof Stress test your assumptions: What happens if the plan breaks?     Topics The Real Goal of Underwriting Spreadsheets don't reflect operations—real estate is about people, not numbers Get clarity on what kind of asset and community you're trying to build Defining Your Buy Box Understand your own criteria before chasing ROI or IRR Why Cincinnati and surrounding markets meet John's standards for long-term growth Macro and Micro Market Selection How renter desirability shapes submarket selection Population growth ≠ renter demand—context matters Value-Add the Right Way Tenants won't pay more for new pipes—focus on kitchens, lighting, appliances Target properties with updated mechanicals so your upgrades actually add value Operational Inefficiencies to Look For Low occupancy, slow turn times, bloated expenses, and misaligned staffing Why seasoned operators aren't always "mismanaging"—stay humble Creating vs. Assuming Value Ask questions before opening a spreadsheet—what is the business plan? Don't guess your way through the numbers; know what levers create value Stress Testing the Deal Underwrite break-even points and failure scenarios Real story: How one business plan unraveled when resident profiles clashed Final Thoughts on Strategy Vision before budget—start with what you want to create IRR matters, but timing and exit assumptions often fail Know your buyer—plan your renovations around future investor demand    

Over the last year, Montreal's industrial market has gone from uncertainty to cautious optimism. In this episode, Axel Monsaingeon sits down with Mike Jager, co-founder and co-president of Rosefellow, to break down how one of Quebec's most active developers is navigating higher vacancies, tighter financing, and shifting tenant expectations—while quietly scaling into large-scale multi-residential projects.   Mike explains why Class-A industrial still wins in soft markets, how Rosefellow stayed disciplined when everyone else was chasing deals, and what it really takes to raise and deploy multiple funds while keeping investors, banks, and tenants aligned. He also shares Rosefellow's growing push into multi-residential in Quebec, Ontario, and the U.S., their data-driven approach to site selection, and why they've built a lean team that partners with "the best of the best" instead of trying to do everything in-house. The conversation wraps with Mike's vision for giving back to the next generation, promoting women in construction, and staying grounded through market cycles.   Topics & Timestamps

Zak Mir talks to Alexander Selegenev, Executive Director, TMT Investments, after the venture capital company investing in high-growth technology companies, announced that it will today commence an on-market share buyback programme for an aggregate consideration of up to US$2,000,000. The Company's board of directors believe that the current share price trades at a significant discount to the Company's intrinsic value. The purpose of the Programme is therefore to seek to take advantage of this discount to enhance Net Asset Value (NAV) per share, reduce the Company's share capital, and return value to its shareholders. Quick snapshot: who TMT is and what they own TMT is a listed investment company focused on technology, media and telecoms ventures. Founded nearly 15 years ago, the firm has backed more than 100 companies across the US, Western Europe, the UK and Estonia. Its portfolio includes several high-growth names that have achieved large multiples on real exits, and the group reports an IRR since inception of over 14%. Key portfolio highlights include a material holding in Bolt, several profitable growth companies such as Sandbird, and other scalable businesses that are already generating cash. TMT also holds liquid, publicly traded US stock totalling around US$12 million that can be sold if needed. Despite that mix, the market capitalisation for TMT has been trading well below the value of its assets, at roughly a 60% discount to NAV. Why the buyback matters The board's stated purpose is straightforward: use the buyback to enhance NAV per share, reduce share capital, and return value to shareholders while taking advantage of the discount. Management has framed the decision as both a prudent capital allocation and a signal that they see the shares as undervalued relative to the company's intrinsic holdings. Put simply, when a listed vehicle holds large stakes in businesses that are profitable or have credible exit paths, repurchasing shares at steep discounts can be an efficient way to convert latent value into realised shareholder benefit. Conservative valuation, transaction-first approach TMT emphasises a conservative, transparent approach to valuing its portfolio. Rather than relying heavily on convenient multiples, the company values most holdings using actual transactions where possible. As of the most recent reporting, only about 15% of the portfolio value was derived from multiples. The rest is grounded in verifiable cash exits or market-based evidence. This transaction-first method matters for two reasons. First, it reduces the subjectivity that often plagues private asset valuations. Second, it gives buyers and existing shareholders more confidence that the headline NAV is meaningful and not merely an academic number. Why the London market discounts investment companies There are several forces pushing listed VC-style investment companies to trade at discounts. A few of the main contributors are: Market risk aversion. Volatility and macro uncertainty make investors prefer simple, liquid stories over diversified, private-rich portfolios. Focus on the negatives. When you hold dozens of companies, the market tends to fixate on weaker performers instead of the winners. Timing uncertainty for exits. Investors price in delays for IPOs or sales, which reduces near-term enthusiasm for NAV-based assets. Capital outflows from small caps. Structural flows away from smaller listed companies can suppress demand further. Those factors help explain why an investment company can be priced well below the sum of its parts, even when its largest holdings are sizable and verifiable. Portfolio depth and track record TMT's historical performance includes high-multiple exits and several successful growth stories. The team leverages decades of operating and investing experience to access deals, support scale-up, and realise value. For investors who cannot source and monitor multiple early-stage opportunities directly, a diversified vehicle like TMT offers scaled exposure with professional oversight. Examples mentioned by management include exits that delivered 50 times and 23 times the original investment, and a portfolio valuation that exceeds US$200 million. Those realised outcomes are a reminder that venture-style returns remain achievable, albeit uneven across companies. Why management is buying back shares now The buyback is both a practical move and a signal. Management believes the current market price significantly understates intrinsic value. Buying stock at a 60% discount can meaningfully increase NAV per remaining share, and it demonstrates the board's confidence in the portfolio's prospects. "You're paying 40p for a pound."That shorthand captures the essence of the opportunity as the board sees it: purchasing a claim on a dollar of underlying value for substantially less than its stated worth. How to evaluate this kind of opportunity When considering an investment in a listed, venture-style vehicle, the following checklist helps frame the decision: Valuation basis — Are portfolio values backed by cash exits or observable market prices, or are they largely multiples and estimates? Concentration risk — How much of the NAV is tied to a single holding and how comfortably can that position be realised? Liquidity profile — How easy would it be to monetise some holdings if capital was required? Exit pipeline and timing — Are there credible catalysts, such as planned IPOs or trade sale processes? Management track record — Does the team have a history of building companies, achieving exits and allocating capital well? Discount to NAV — Is the discount justified by legitimate risks, or does it reflect short-term market sentiment? Risk and timeframe Investing through a vehicle like TMT is not a short-term trade. Venture outcomes are irregular and often require patience, typically measured in years rather than months. Catalysts such as IPO announcements can rapidly re-rate a stock, but those events are timing-dependent. The buyback reduces share count and can accelerate per-share NAV accretion, yet it does not remove execution risk across underlying companies. Final thought TMT's share buyback is a clear, pragmatic response to a valuation gap. For investors comfortable with venture-style risk and a longer time horizon, buying into a diversified, transaction-valued portfolio at a substantial discount can be an attractive opportunity. As always, review the underlying holdings, assess the company's valuation methodology, and consider how the investment fits within your broader portfolio objectives.

When people think about wealth-building, they picture stock charts, IRR calculators, and "smart" portfolios engineered by advisors. What they never picture is a dentist quietly building long-term wealth through trees or using a whole life policy as the cheapest, most flexible source of capital in his business. That narrow view hides one of the most powerful truths about high-net-worth families today: the real wealth is built through boring, patient, predictable decisions that compound for decades… not the high-IQ investing most people obsess over. Most high earners are told to focus on returns. Jeff flips that equation. He focuses on building a life. He invests based on clarity, intention, and a long-term vision of what he wants his days to look like. Once you have that vision, the decisions become simple. You stop chasing the market and checking performance and start building something inevitable. In this episode, I sit down with dentist, entrepreneur, and long-term investor, Dr. Jeff Seibert. We unpack how he creates wealth by ignoring the noise, lowering his cost of capital, buying assets that grow while he sleeps, and designing his portfolio around the life he actually wants.    Guest Bio Dr. Jeff Seibert is a successful dentist and serial entrepreneur known for building highly profitable, well-run practices and using them as engines to fund private investments. What sets him apart is his refreshingly unique philosophy: he doesn't chase quick returns or market noise. He builds businesses and buys assets that compound quietly for decades, giving him freedom, control and long-term wealth without stress or speculation.   About Your Host From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America's #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is the founder of The Money School™ and Money Mentor for The Money Multiplier. His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works. Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans, delivering the financial knowledge that fuels lasting freedom.  

Some DC fast charging sites print money. Others quietly ruin portfolio-wide ROI. In this episode of In-Between Charges, Kevin and Mike sit down with Rohan Puri, CEO & Co-Founder of Stable Auto, to unpack why. Stable Auto works with many of the largest American CPOs and investors to predict utilization, pick winning locations, and set smarter prices for DC fast charging networks. Rohan shares how he went from building robotic charging arms for autonomous fleets to running a software company that underwrites the profitability of EV charging assets.Together, they dig into what actually drives DCFC performance: traffic patterns, EV penetration, trip distances, amenities, competition, hardware choices, and even how many ports is the right amount for a site. They talk about why “put it near a highway and a gas station” is often wrong, why co-locating with competitors can increase your utilization, how to think in IRR and margin instead of just kWh per port per day, and where dynamic pricing and energy arbitrage could unlock new revenue streams. If you're a CPO, retailer, investor, or just trying to understand why some sites thrive while others bleed cash, this episode goes straight to the core of DC fast charging economics.

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Gareth, Leigh-Ann and Ben kick off Friday with a wild conversation about one of the most disturbing “sports” on the planet: Sniper Tourists. Dr Hanan jumps in as they unpack the pressures of modern life, and how they might spark the ultimate comeback story after the new Charlie Sheen documentary. Monwabisi Thethe and Siya Sangweni pop in to talk art and bubbles for the festive season, and Gabriel Crouse from the IRR wraps things up with a sharp look at the state of the GNU ahead of the G20. The Real Network

Today's Daily Friend Show with Nicholas Lorimer, Hermann Pretorius and John Endres. They discuss the latest results in the upcoming release of the IRR's latest polling on race relations. They also discuss the deflating G20 summit, parliament growing teeth and the finance minister speaking on ratings agencies. Website · Facebook · Instagram · Twitter

Vizsla Silver just released its Feasibility Study for the Panuco Project (Nov 12). Mike Konnert, President & CEO of Vizsla Silver (TSX:VZLA, NYSE:VZLA),  walks through the headline economics, funding, growth runway, and permitting path. Feasibility Results: After-tax NPV US$1.8B, IRR 111%, AISC ~US$10.61/oz, and payback in ~7 months. Driven by low upfront capital and strong margins. Capital & Funding: Capex US$238M (net ~US$173M). Fully funded with US$200M cash, US$220M Macquarie facility, and ~US$40M in equities. Mine Plan & Upside: Only 12.8Mt of the ~25Mt global resource used in reserves. Large potential for conversion and expansion near Napoleon, Copala, and La Luisa. District Growth: Ongoing drilling with four rigs targeting Animas, Santa Fe, and additional veins for long-term expansion. Sensitivity & Strength: Even at US$17 Ag and US$1,550 Au, NPV US$460M, IRR 42%. Permitting & Build: Fully engineered, test mining underway, and permits expected mid-2026. Ready to build once granted. Valuation & Outlook: Trading near 0.5× NAV with potential re-rating as it advances to production. Targeting 50Moz AgEq/yr within 10 years. If you have any follow up questions for Mike please email me at Fleck@kereport.com.   Vizsla Silver will be hosting a webcast to discuss the Panuco Project Feasibility Study at 10:00 am PT (1:00 pm ET) on November 24th.  To register, please click here   ---------- For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Dr. Robert Quartermain, Co-Chairman, Director and CEO of Dakota Gold (NYSE American: DC), joined us for an update, live from the New Orleans Investment Conference, on their Richmond Hill Project and Maitland Gold Project.  Both projects are located in the historic Homestake District of South Dakota, near existing mining infrastructure.     The company is advancing its Richmond Hill project toward eventual surface heap leach gold operation as soon as 2029, with ongoing exploration, metallurgical tests, and working towards feasibility stage economics.   The company is also expanding the surface oxide mineralization and  high-grade gold mineralization at depth discovered thus far at the Maitland Gold Project toward an initial resource estimate.   Bob was previously the Executive Chairman of Pretium Resources Inc., which he founded in October 2010. Prior to Pretium, he was President and Chief Executive Officer of Silver Standard Resources Inc. (now SSR Mining Inc.) for 25 years from 1985-2010. Not only does he have a wealth of experience in developing and constructing producing mines, but he has assembled a solid management team and board filled with industry veterans that have worked in either the Homestake Mine, before it closed down, or the currently producing nearby Wharf Mine, operated by Coeur Mining.   Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. Principle Projects on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.   Dakota Gold released an Initial Assessment with Cash Flow (IACF) on July 7th, which is similar in nature to a Canadian PEA study.  This economic study was based on a 30,000 ton per day crushing circuit, and furthers the project towards ultimate production.   IACF Highlights:   Richmond Hill is one of the largest development stage oxide gold resources in the United States: M&I plan identifies 168.3 million tonnes at a grade of 0.566 grams per tonne gold (“g/t Au”) for a total of 2.6 million ounces produced over a 17-year life of mine. MI&I plan identifies 273.7 million tonnes at a grade of 0.530 g/t Au for a total of 3.9 million ounces produced over a 28-year life of mine. Strong Economics: At a base case gold price of $2,350 per ounce, the project has an after tax NPV5% of $1.6 billion and IRR of 55% for the M&I plan, and $2.1 billion and 59% respectively for the MI&I plan. At recent metal prices of $3,350 the NPV5%'s increase to $2.9 billion and IRR of 99% and $3.7 billion and 107%, respectively. Low-Cost: Initial Capital of $384 million, including $53 million contingency, with life of mine All-in Sustaining Costs (“AISC”) averaging $1,047 for M&I plan and $1,050 for MI&I plan. Feasibility Underway: Building on the robust IACF, work has commenced on the Feasibility Study planned for completion in early 2027, construction in 2028 and production targeted for 2029.   There are currently two drill rigs turning at Richmond Hill. In 2025, the Company expects to drill ~90,000 feet (27,500 meters) using a combination of Reverse Circulation and Core drilling. The primary focus of the program is to collect metallurgical samples for the Feasibility Study, infill, and expansion resource drilling in the Northeast corner of the Project area. This area is expected to be mined at the beginning of the mine plan and is higher-grade than the overall deposit.   At the Maitland Gold Project the Company is currently assessing the exploration data collected to date from the JB Gold Zone and the Unionville Zone with the intent of outlining an initial inferred gold resource. The work is expected to be completed in the fall of 2025. To date the JB Gold Zone has encountered a number of high-grade intersections which average 10.76 g/t Au over 4.0 meters.     If you have any questions for Bob Quartermain regarding Dakota Gold, then please email those in to us at Fleck@kereport.com or Shad@kereport.com.   In full disclosure, Shad is a shareholder of Dakota Gold at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Dakota Gold   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer:  This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Your company is launching its own corporate venture capital (CVC) fund. Suddenly, traditional financial models don't apply. Corporate Venture Capital is a unique, high-variance asset class that demands a new strategic mindset from finance professionals.In this episode of Corporate Finance Explained on FinPod, we unpack Corporate Venture Capital (CVC), exploring its dual motive (strategic innovation vs. financial return) and revealing the practical frameworks needed to manage this hybrid investment effectively.This episode covers:CVC: Buying Optionality: Why large companies use CVC as a lightweight alternative to M&A or internal R&D, acting as an early option on future acquisitions and managing innovation risk.Defining Success: How major CVC arms (like Salesforce Ventures, Amazon Alexa Fund, and Intel Capital) track value using strategic KPIs (e.g., Partnership ARR Uplift, Azure Adoption) that go beyond standard IRR.The Strategic Playbooks: Analysis of different CVC models: the Ecosystem Expansion approach, the Innovation Hedge strategy (de-risking R&D), and the pure Portfolio Focus.The CVC Financial Toolkit: We detail six essential frameworks for corporate finance teams, including building flexible return models (budgeting for high write-off rates), managing complex capital structures (convertible notes), and implementing governance for high-risk assets.The Translator Role: How finance professionals must bridge the gap between innovation teams and traditional financial rigor, articulating why a high-risk bet makes sense for both the strategic story and the balance sheet.

Forget the scary headlines and start with the math. We sit down with industry veteran George Ellison to unpack the real size of the single family rental market, why institutions own a fraction of it, and how investors can use rates, leverage, and timing to their advantage. If you've ever wondered whether Wall Street is buying your neighborhood, the numbers will surprise you—and probably calm you down.We chart the journey from the birth of SFR after the Great Financial Crisis to today's data-rich approach to buying and operating rentals. George explains why there's only one line of revenue but a dozen lines of expense, and how that simple truth separates solid performers from wishful thinking. We dig into rent trends with context—why single family rents remain resilient even as big apartments soften—and talk portfolio strategy: diversification, inflation hedging, and the role of real estate in balancing equity-heavy gains.Then we go hands-on with Prop B, a platform built from institutional playbooks and rebuilt for everyday investors and the agents who guide them. See how filters by IRR, cap rate, cash‑on‑cash, hold period, and leverage narrow thousands of listings to a shortlist that actually fits your goals. The map view lays out comps, asking rents, and actual leases on one screen. Inspections deliver scoped rehab pricing, insurance and lending connect in-platform, and you can model HOA growth, tax reassessments, turnover costs, and capital needs over years—not just months. It's the toolset pros use, paired with the human judgment that still wins deals.If you want clear, data-driven answers on when to buy, what to pay, and how to price rent—without losing the local expertise that makes all the difference—this conversation is your blueprint. Subscribe, share with a colleague who works with investors, and leave a quick review to tell us which metric matters most to you.

The Passive Pockets Pulse Check returns with Chris Lopez, Jim Pfeifer, and Paul Shannon. They break down what they bought and what they skipped, how they are reallocating between equity and debt, and the checks they run before wiring capital. Jim shares two new allocations in healthcare and coffee after negotiating a lower minimum for the community and explains invoking the Shirky rule to avoid doubling up with a new operator too quickly. Paul outlines a simple Indiana cash flow deal, a 22-unit JV turnaround, and an LP win with a partial disposition. Chris walks through a shift toward debt funds, a strong payout month, and a cautionary development story that highlights why transparency, lender diligence, and sponsor communication matter. The trio then uses the PassivePockets Deal Analyzer to spot red flags and assess IRR partitioning before deconstructing a friends and family hotel conversion with fee bloat, phantom equity, and misaligned waterfalls so you know when to pass fast. Key Takeaways Use investing clubs to test new managers or asset classes and always ask about minimums Rebalance deliberately toward a mix of equity and debt while accounting for ordinary income taxes on debt yields outside retirement accounts Multifamily is stabilizing in select markets, but underwrite with longer debt terms, larger reserves, and realistic rent and occupancy assumptions Watch for fee-heavy structures, annual-only distributions, deferred development fees counted as equity, and dual waterfalls that dilute LP returns The Deal Analyzer surfaces out-of-range assumptions and IRR partitioning shows how much return comes from operations versus exit Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

In today's episode, we're joined by Jeff Court, CEO of Tungsten West, the company redeveloping the Hemerdon tungsten project in Devon, UK Jeff's worked on mining projects all over the world, and we'll be talking about his journey into leadership, why tungsten is such a critical mineral, and what it takes to bring a historic mine back into production. We'll also cover the company's new feasibility study, financing challenges, and what the EU Critical Raw Materials Act means for Hemerdon. KEY TAKEAWAYS Tungsten is classified as a critical mineral due to its unique properties, such as high density and tensile strength, making it essential in various industries, including mining, construction, transportation, and defence. Tungsten West requires approximately $93 million to restart production at the Hemerdon project, with funding expected to come from a combination of debt and equity. The feasibility study indicates a strong economic outlook, with a potential internal rate of return (IRR) of around 48%. The project incorporates modern mining practices focused on sustainability, including noise reduction measures and community engagement to ensure compliance with environmental standards and to maintain good relations with local residents. The Hemerdon project has been designated as a strategic project under the EU Critical Raw Materials Act, which enhances its profile and may facilitate access to government-backed funding BEST MOMENTS "Tungsten's not gold, it's not iron ore, it's a very interesting specialty metal space that also has a lot of off-take supply requirements around it too."  "We have about a 12-month period before we start production."  "It raises profile, certainly... it solidifies our credentials."  "We want to be a good neighbour. We're going to be there a minimum of 40 years."  VALUABLE RESOURCES Mail:        ⁠rob@mining-international.org⁠ LinkedIn: ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ X:              ⁠https://twitter.com/MiningRobTyson⁠  YouTube: ⁠https://www.youtube.com/c/DigDeepTheMiningPodcast⁠  Web:        ⁠http://www.mining-international.org⁠ GUEST SOCIALS  X - @TungstenWest https://x.com/TungstenWest LinkedIn - @ Tungsten West plc https://www.linkedin.com/company/tungsten-west-plc/ Facebook - Tungsten West plc https://www.facebook.com/tungstenwest/ Website: https://www.tungstenwest.com/  Contact: TungstenWest@blytheray.com CONTACT METHOD ⁠rob@mining-international.org⁠ ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

In this episode of The Midweek Takeaway, Phil Carroll and Kevin Hornsby speak with Colin Bird, Executive Chairman of Bezant Resources (AIM: BZT), about the feasibility study for the Hope & Gorob copper-gold project in Namibia. Colin outlines the plan to use multi-sensor dry ore sorting and truck pre-concentrate to an existing processing plant ~190 km away, delivering capital efficiency and faster ramp-up. The study highlights robust economics (NPV ~$46.2m, IRR ~62%) and confirms the plant can be optimized for productivity and concentrate quality rather than costly conversion. He also discusses expected 8–10 years of open-pit mining, moves to secure long-lead items, and the strategy to fast-track production amid supportive metal prices. Disclaimer & Declaration of Interest This podcast may contain paid promotions, including but not limited to sponsorships, endorsements, or affiliate partnerships. The information, investment views, and recommendations provided are for general informational purposes only and should not be construed as a solicitation to buy or sell any financial products related to the companies discussed. Any opinions or comments are made to the best of the knowledge and belief of the commentators; however, no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion. Listeners are encouraged to perform their own research and consult with a licensed professional before making any financial decisions based on the content of this podcast. 

My podcast guest this week is Chris Garner, CEO, Avanti Residential, an owner-operator with thousands of units across seven states, who has four decades in the trenches. Garner explains how the multifamily market is bottoming – with local nuance. The past two years weren't a demand recession, he says, so much as a supply shock in growth metros. Concessions did the absorbing. Now we're approaching the peak of deliveries in places like Nashville, Denver, and Phoenix but investment committees are still anchored to five-year IRR math and negative-leverage scar tissue. His take on timing is blunt – "We're at the bottom of the multifamily cycle, if not the beginning of the recovery," but the irony is that capital is still sidelined. Investment committees remain cautious, waiting for "clear evidence" that fundamentals have turned, even though the best returns are made before that clarity arrives. As Garner put it, everyone talks about not following the herd, "but everybody's part of the herd." When deals finally reprice and capital moves, the easy money is gone. "That's when the best deals get missed because you couldn't raise capital when it was actually the right time to buy." Five questions Chris and I discuss: Where are we in the cycle? What does an efficient operating model look like now? How should value-add evolve? What's the realistic path to transacting again? What hold period wins from here? Tune in for the full conversation with Chris Garner, CEO, Avanti Residential - a masterclass in operating discipline, market selection, and underwriting in the real world. *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing. With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection. Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Hermann Pretorius and Nicholas Lorimer discuss the IRR's Value for Money Bill. They also chat about overregulation and ActionSA's weird polling plan. Website · Facebook · Instagram · Twitter

Mark Brennan,  Founder, CEO, and Director of Cerrado Gold Inc (TSX.V: CERT) (OTCQX: CRDOF), joins me to review their Q3 2025 operational metrics, along with the expansionary exploration program at the producing Minera Don Nicolas gold mine in Argentina.  We also unpack the value proposition and key upcoming development catalysts at the Lagoa Salgada VMS Project in Portugal and the Mont Sorcier Iron-Vanadium project in Quebec.   Q3 Operating Highlights   Q3 Production of 13,868 GEO vs 11,437 GEO in Q2 2025 (+21%) Heap leach production growing as expanded crushing capacity and improved recoveries result in record quarterly production of 10,465 GEO (+33% vs Q2) Underground development at Paloma is advancing, with ramp well advanced and three access portals targeted to reach production stopes in Q4 CIL plant starting to receive ore from underground development, production expected to ramp up in Q4/2025 as higher grade underground material supplants lower grade feed in the mill Expanded crushing capacity results in substantial additional tonnage to the leach pad and record quarterly production Underground Development to access production stopes in Q4 supporting increase in mill head grade and production 2025 Production Guidance revised to 50,000 to 55,000 GEO Exploration Program expanded with an additional 50,000m planned for 2026 (in addition to the existing ~15,000m program in 2025)   Mark and I review their Minera Don Nicolas producing gold project in Argentina, and the record heap leach gold equivalent ounce production for the quarter. There is expanded and improved crushing capacity at the heap leach, from the newly installed secondary crusher, and this will continue to be impactful on a move-forward basis into Q4 and beyond, with the quantity of ore being placed on the pad having increased, and with it helping to reduce down unit costs in the latter part of H2 2025.   The production profile will also keep growing with the underground mining having now commenced.  With higher gold prices, the CIL plant continued to process lower-grade stockpiles in Q3/25, but new high-grade material from the underground mining operations has started to be blended with that moving forward, and this will increase the average grade throughput at the mill.   Another area of future growth will be the ongoing drill program of about 15,000 meters this year and another 50,000 meters slated for next year (once all 4 drill rigs are in place). It will be a combination of  underground exploration work targeting new areas of mineralization and growing the mine life, in addition to surface drilling that is exploring around the open pit resources, as well as identifying additional satellite open-pits at surface.    Next we unpacked the growing value proposition at the Lagoa Salgada VMS Project  in Portugal, with a Post-tax NPV of US$147 million and a 39% IRR in the current Feasibility Study. This Project adds both substantial precious metals resources along with critical minerals exposure (42 % Gold & Silver, 24% zinc, 14% copper, and 5% tin) to the future production profile.  We also discuss the various work streams leading to optimized Feasibility Study in Q4, a construction decision by Q1 2026.  Construction is targeted for H2 of 2026, with first production slated for early 2028.   We wrap up discussing the underappreciated value and ongoing derisking work that is moving towards a Bankable Feasibility Study in Q1 of 2026 at the Mont Sorcier Iron-Vanadium in Quebec. Recent metallurgical test work, has reaffirmed the potential to produce high-grade and high-purity iron concentrate grading in excess of 67% iron with silica and alumina content below 2.3%.     If you have questions for Mark regarding Cerrado Gold, then please email those to me at Shad@kereport.com.   In full disclosure, Shad is a shareholder of Cerrado Gold at the time of this recording, and may choose to buy or sell shares at any time.       For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.   Click here to see the latest news from Cerrado Gold.

Can your retirement account buy real estate? Startups? Alpaca farms?! Yes. And in this episode, Dana Udumulla from Madison Trust breaks down how self-directed IRAs actually work, what they can (and can't) invest in, and why more commercial real estate investors should be using them to raise capital.Whether you're an accredited investor or a confused podcast co-host (cough Timmy), this conversation is packed with practical takeaways, tax strategies, and jaw-dropping scenarios (like turning $7K/year into $4.75M tax-free).We also get into:Roth vs Traditional IRA pros & consCommon mistakes investors make (and how to avoid getting disqualified)How to structure deals to receive retirement dollarsReal estate, bonus depreciation, and... Brazilian sugar?Don't invest another dollar until you listen. Your future self will thank you.

The sea around Skellig Michael never rests. Waves slam the cliffs like a heartbeat, and mist rises from the rocks like breath from some sleeping giant. Eight miles off the Kerry coast, this jagged island looks less like a piece of earth and more like a fragment of another world. More than a thousand years ago, monks climbed 600 stone steps to live here, chasing silence, prayer, and the edge of heaven. Today, visitors come for the same reason, though they may not know it. Whether you're drawn by faith, history, or a galaxy far, far away, Skellig has a way of making you listen to what the sea remembers. And that's where today's story begins — between exile and return, faith and freedom, stone and surf. Because sometimes, we're all just trying to find our way back to the ocean. With Music from Niamh Dunne, Wolf Loescher, and Jocelyn Pettit & Ellen Gira. This is Quest & Chorus #309 0:58 - Niamh Dunne "Ballyneety's Walls" from Portraits 4:17 - WELCOME TO QUEST & CHORUS Welcome to Quest & Chorus, where every wave might carry a myth, and every exile still dreams of home. I'm your bard, Marc Gunn, also host of the Irish & Celtic Music Podcast, and typically host of this show as Folk Songs & Stories, but today, we call it Quest & Chorus. And today, we drift to the edge of the world, To Skellig Michael, where the sea swallows history and monks once whispered their prayers to gulls. It's also where a Jedi gave up the fight. And where a selkie sings himself back into the sea. Today's theme may seem like exile or perhaps it's where you truly belong. Quest & Chorus is a 6-part podcast series. I fuse my love of Celtic and folk music, science fiction and fantasy, and travel into a podcast with a quest. In each episode, you will get a clue to unlock a secret reward. And at the end of the season, you will combine all of those clues to unlock an even bigger amazing reward. If you're new to the show, please follow us. You can do that at PubSong.com. UPCOMING SHOWS NOV 1: Georgia Renaissance Festival Fall Festival, Fairburn, GA NOV 8: IrishFest Atlanta, Roswell, GA with Inara NOV 14-16: CONjuration, Duluth, GA NOV 22: Georgia Renaissance Festival Fall Festival, Fairburn, GA DEC 6: Georgia Renaissance Festival Fall Festival, Fairburn, GA DEC 7: Nerdy Wonderland at The Lost Druid, Avondale Estates, GA @ 12 - 5 PM. 6:24 - Wolf Loescher "Rovin' Journeyman" from Child of Alba Please leave a comment on the podcast show notes at pubsong.com or wherever you listen. Email pictures of where you're listening to follow@celtfather . I'll send you a free gift and you can learn more about how to follow this podcast. News If you're looking for Celtic Halloween music, I have a large selection of such music. While my Happy Songs of Death album fits the bill, I also did a series of concerts inspired by that theme for several years. Follow the link in the shownotes for details. A big thanks to my… 7:45 - GUNN RUNNERS ON PATREON If you enjoy this podcast or you love listening to my music, please follow my Celtfather Patreon page. You can sign up for free and get updates on what's new and you can get an ad-free edition of this podcast before public listeners. But you get so much more when you become a Patron of the Arts. Patreon is one of the ways modern musicians and podcasters make a living. For just $5 per month, you'll get exclusive, unreleased songs, podcasts, video concerts, bootleg concerts, and so much more. Email follow@celtfather to get more details! 9:47 - Jocelyn Pettit & Ellen Gira "Going Home" from Here To Stay 13:15 - TODAY'S SHOW IS BROUGHT TO BY CELTIC INVASION VACATIONS Every year, I take a small group of people on a relaxing adventure to one of the Celtic nations. We don't see everything. Instead we stay in one area. We get to know the region through its culture, history, and legends. You can join me with an auditory and visual adventure through podcasts, blogs, videos, and photos. In 2026, you can join me for a Celtic Invasion of Galicia in Spain. Sign to the Celtic Invasion Vacations mailing list at CelticInvasion.com. Let's begin the… 13:47 - QUEST & CHORUS of SKELLIG MICHAEL Eight miles off the coast of County Kerry is the island of Skellig Michael. It is a jagged twin-peaked island. Its name comes from the Irish Sceilg Mhichíl which means Michael's Rock. It was dedicated to the Archangel Michael. The island's history began in the sixth century. Monks sought isolation and closeness to God. So they settled there because the early Irish monastic tradition valued hardship, solitude, and spiritual testing. The monks carved out a small community on narrow terraces more than 600 steps above sea level. The monastic settlement they built still survives. They built a cluster of beehive stone huts, stone crosses and terraces connected by narrow paths. Everything was dry-stone construction. That means they were fitted together without mortar. They were built so well that they have lasted over a millennium. The monks grew small gardens, caught seabirds and fish, and collected rainwater in cisterns. They survived off of what the island would allow. Skellig Michael was a center of devotion to Saint Michael the Archangel sometime after the 8th century. The island was also a pilgrimage site for centuries. Climbing its steps was seen as a form of penance and spiritual renewal. By the 13th century, life on Skellig Michael had become too difficult. Storms, isolation, and changing Church patterns led the monks to relocate to the mainland, near Ballinskelligs. But the island remained a place of pilgrimage well into the modern era. Skellig Michael is now a UNESCO World Heritage Site. It is recognized for its exceptional preservation of early Christian monastic life and its haunting natural beauty. It's also become familiar to a new generation as Ahch-To, the oceanic world where Luke Skywalker lived in exile in Star Wars: The Force Awakens and The Last Jedi. Even now, Skellig Michael stands as a symbol of endurance, of faith carved into stone, of solitude turned to sanctuary, and of the fragile bridge between human devotion and the raw power of nature. LEGENDS OF SKELLIG MICHAEL One of the more famous legends involves the Tuatha Dé Danann and the Milesian invasion of Ireland. It is recounted in the Lebor Gabála Érenn (the Book of Invasions). According to this myth: As the Milesians sailed toward Ireland around 1400 BC in the mythic narrative, a storm was caused by the Tuatha Dé Danann. They are one of the faerie-like supernatural race in Irish mythology. Skellig's cliffs are sometimes mentioned as one of the treacherous places where ships were driven ashore. One version says Irr, a son of Míl Espáine (the mythic ancestor of the Gaels), was travelling from the Iberian Peninsula. He drowned and was buried on Skellig. MY THOUGHTS on SKELLIG MICHAEL 20:02 - Marc Gunn “Selkie's Life” from Come Adventure With Me Check out my blog of the puffins of Skellig Michael. Selkie's Life, Selkie Call of the Sea #234 Thank you for returning to the sea with me. Skellig Michael is not the end of the story. But it's where stories are kept safe. Next time, we wander the great alignments of Carnac, stones older than myth, standing like trees in time. Until then… If the sea calls you, don't be afraid to answer. 23:39 - CREDITS Thanks for listening to Quest & Chorus. This episode was edited by Mitchell Petersen. You can follow and listen to the show on my Patreon or wherever you find podcasts. Sign up to my mailing list to learn more about songs featured in this podcast and discover where I'm performing. Remember. Reduce, reuse, recycle, and think about how you can make a positive impact on your environment. Join the Quest and Sing Along at www.pubsong.com! #pubstories    

Chaque vendredi, nous traiterons d'un sujet de santé au féminin, de manière pratique. Cette semaine, nous faisons un point sur cet état physiologique féminin. Irrégularité des cycles, bouffées de chaleur, irritabilité, prise de poids... La ménopause, due aux changements hormonaux, survient entre 45 et 55 ans. Comment reconnaître les signes de la ménopause ? Comment les appréhender pour vivre au mieux cette phase ? Quels moyens pour prévenir ou traiter ses effets ?   Dr Abdoulaye Diop, gynécologue obstétricien à la Clinique Bellevue à Dakar, au Sénégal.    Programmation musicale : ► Lubiana - Farafina mousso ► Aemann – Aghira. 

Chaque vendredi, nous traiterons d'un sujet de santé au féminin, de manière pratique. Cette semaine, nous faisons un point sur cet état physiologique féminin. Irrégularité des cycles, bouffées de chaleur, irritabilité, prise de poids... La ménopause, due aux changements hormonaux, survient entre 45 et 55 ans. Comment reconnaître les signes de la ménopause ? Comment les appréhender pour vivre au mieux cette phase ? Quels moyens pour prévenir ou traiter ses effets ?   Dr Abdoulaye Diop, gynécologue obstétricien à la Clinique Bellevue à Dakar, au Sénégal.    Programmation musicale : ► Lubiana - Farafina mousso ► Aemann – Aghira. 

Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-2500oz-margins-position-brazil-project-for-exceptional-near-term-returns-8097Recording date: 16th October 2025Cabral Gold has positioned itself for a transition from explorer to producer following the recent US$45 million gold loan financing that fully funds construction of its Brazilian heap leach operation without diluting shareholders, a rare achievement in the junior mining sector. With first gold pour scheduled for Q4 2026, investors have clear visibility to cash flow generation within 12 months.The project's financial profile stands out in today's gold price environment. At US$2,500/oz gold, the operation generates a 78% IRR with just US$37.7 million in capital requirements and a 10-month payback period. All-in sustaining costs of US$1,210/oz create margins exceeding US$3,000/oz at current gold prices, translating to approximately US$75 million in annual pre-tax cash flow. This positions Cabral among the highest-margin gold developers globally, with sufficient cash generation to self-fund aggressive exploration while maintaining financial flexibility.The value proposition extends beyond near-term production. Located adjacent to Brazil's third-largest gold mine, Cuiú Cuiú produced 10 times more historical placer gold than its neighbor, suggesting substantially greater hard rock potential. With current resources of 1.2 million ounces and recent drill intercepts up to 33 g/t gold outside resource boundaries, the company has identified over 50 exploration targets across the district. Management's track record, including CEO Alan Carter's involvement in discovering the neighboring G Mining's Tocantinzinho deposit, provides operational credibility. The combination of near-term cash flow, substantial margins, exploration upside, and experienced management in a proven jurisdiction creates multiple pathways to potential value creation. For investors seeking exposure to emerging gold producers with growth optionality, Cabral presents a differentiated opportunity with both production visibility and district-scale exploration potential in one of Brazil's most established gold regions.—Learn more: https://cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

Tired of your crap piling up? Scott Carson chats with Jim Stepanian & Joel Markovitz from Storage Caves, who are revolutionizing storage! Learn about flex-space, investor opportunities with solid upside. Ditch multifamily headaches! (Plumbing, toilets...ugh!) It's your ultimate solution to the garage-sized problems, from the housing crisis to your neighbor's RV. Here's what you'll discover:Beyond Mini Storage: The Paradigm Shift: Ditch those cramped mini-storage units and say hello to luxury storage garages. Jim and Joel explain how their concept caters to a high-end consumer base and offers a superior storage experience.Location, Location, Domination: Find out the key markets Storage Caves is targeting – Dallas, Charlotte, and Atlanta. You'll learn why these cities are ideal for their business model and how they plan to dominate those markets.Storage Arbitrage: A Hidden Cash Cow?: Scott dives into why this is a prime investment: 27% cash flow, appreciation, 8% IRR, and high demand and low risk.Investor's Call to Arms: If you're an investor looking for a solid opportunity, Storage Caves is seeking equity partners. Find out how to get involved, reap a preferred rate of return, and share in the profits.Escaping Your Spouse (or at Least Their Nagging): The housing crisis makes everything difficult. Storage caves offer a sanctuary from the rigors of a tight economy.So, there you have it! It's all about storage, cash flow, and having a place to escape when your spouse starts nagging. Call Storage Caves today to either find your cave or next passive investment opportunity!Connect with Storage Caves Here!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes PinterestGet signed up for the Next Virtual Note Buying Workshop Now!

My guest today is Michael Etzel – a partner at Bridgespan, and one of the key architects behind a shift that's still unfolding: the effort to bring hard-nosed analytical discipline to a field once seen as closer to charity than capital.Michael came to this work from the social sector, back when “impact investing” wasn't yet a defined field. At Bridgespan, he began advising philanthropists and foundations – and over time, that work expanded to include some of the world's largest asset managers as they started asking how capital could solve problems philanthropy couldn't.His idea was pretty simple: to put impact first.Our conversation starts with that principle – and where it sits between two poles. On one side: traditional philanthropy willing to lose money in service of outcomes. On the other: finance-first investing chasing market-rate returns. Impact-first lives in the messy middle. The kind where the first diligence question isn't “What's the IRR?” – it's “What's the problem we're solving?”Michael was one of the architects of the Impact Multiple of Money, or IMM – a six-step process designed to estimate and compare the social or environmental value created for every dollar invested. It starts with what a business produces, connects those outputs to real-world outcomes, and draws on academic research to ground the analysis. The result is a dollar-based estimate of impact – not to put a price on people's lives, but to give investors a common language for understanding what value really means.Michael breaks it down in plain terms. He and his team actually put numbers to impact – they start with what a business produces, figure out what real-world benefits come from that, adjust for the risks, and then compare it to the money invested.The IMM framework is now used across TPG's Rise and Rise Climate funds, together managing tens of billions of dollars in assets. It's become part of how they underwrite investments, sitting right alongside financial measures like IRR and MOIC when evaluating performance.And the best part – it's open source. The full method and case studies are published in Harvard Business Review (“Calculating the Value of Impact Investing”), so anyone can see how the math works.But for Michael, this work has never been just about frameworks. It's about decision-making – what actually happens inside organizations when impact moves from a good idea to something real.In this conversation, we also got into some of the bigger questions shaping the future of the field:Fiduciary duty, and why that concept needs a serious resetHow much progress still depends on individuals, not market forcesAnd why one of the most overlooked disciplines in this work is simply knowing how to say noTune in!*** Impact investing services are provided by Bridgespan Social Impact, Inc., a wholly owned subsidiary of The Bridgespan Group.–About the SRI 360° Podcast: The SRI 360° Podcast is focused exclusively on sustainable & responsible investing.—Connect with SRI360°:Sign up for the free weekly email updateVisit the SRI360° PODCASTVisit the SRI360° WEBSITEFollow SRI360° on XFollow SRI360° on FACEBOOK—Additional Resources:- The Bridgespan Group website- Michael Etzel Biography- Michael Etzel LinkedIn- Calculating the Value of Impact Investing

Most people think valuations come down to simple formulas: EBITDA multiples, discounted cash flows, and comps. The reality in aerospace and defense is far more complex.  That's the reason so many owners and even investors misunderstand how acquisitions actually work in this industry. The truth is, not every buyer values the same business the same way. A small private buyer focuses on what they can finance. A mid-sized family-owned firm is driven by IRR and payback ratios.  Large public companies move based on stock price and accretion. And private equity? Despite having the cash, they often find themselves at a disadvantage, outbid, or outmaneuvered by buyers who can leverage existing capacity, sales teams, and operating talent. That's also why talent is one of the most overlooked yet critical pieces of any deal. The quality of management, the depth of customer relationships, and even succession planning can add or strip away millions from a sale price. In this episode, sell-side banker Bill Alderman returns for his quarterly M&A check-in. We break down the five buyer mindsets that actually drive valuation, and how management succession becomes the most valuable “intellectual property” in a deal. You'll also learn: The five buyer archetypes, and how each one calculates value differently Why “financeability” sets the floor and “EPS accretion” sets the ceiling The critical role of management teams and succession planning in deal pricing How strategic buyers use capacity, salesforce, and cost absorption to outbid private equity Why valuation isn't just math, it's psychology, timing, and leverage What today's seller-friendly market means for owners looking to exit in the next 12–24 months   Guest Bio William H. Alderman (Bill) is the Founding Partner of Alderman & Company. Bill is an M&A specialist in the middle market of the aerospace and defense industry with over $2 billion in mergers and acquisition-related transactions to his name. Prior to founding Alderman & Company in 2001, Bill worked for 15 years on Wall Street and in the Aerospace & Defense Industry, principally on M&A transactions in the middle market. His employers included BT Securities, Fieldstone, and General Electric. Bill is a Securities Principal registered with the Financial Industry Regulatory Authority (“FINRA”) and has four securities industry licenses (Series 7, 24, 63, and 65). Bill is a commercial pilot and owns and operates a Cirrus SR22. URL Link: https://www.aldermanco.com/ LinkedIn - William Alderman https://www.linkedin.com/in/williamalderman/   About Your Host Craig Picken is an Executive Recruiter, writer, speaker and ICF Trained Executive Coach. He is focused on recruiting senior-level leadership, sales, and operations executives in the aviation and aerospace industry. His clients include premier OEMs, aircraft operators, leasing/financial organizations, and Maintenance/Repair/Overhaul (MRO) providers, and since 2008, he has personally concluded more than 400 executive-level searches in a variety of disciplines. Craig is the ONLY industry executive recruiter who has professionally flown airplanes, sold airplanes, and successfully run a P&L in the aviation industry. His professional career started with a passion for airplanes. After eight years' experience as a decorated Naval Flight Officer – with more than 100 combat missions, 2,000 hours of flight time, and 325 aircraft carrier landings – Craig sought challenges in business aviation, where he spent more than 7 years in sales with both Gulfstream Aircraft and Bombardier Business Aircraft. Craig is also a sought-after industry speaker who has presented at Corporate Jet Investor, International Aviation Women's Association, and SOCAL Aviation Association.    Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you! 

Debbie Feldman literally grew up in hotels—her father founded Embassy Suites—and she's since worn almost every hat: GM, asset manager of a 45-hotel portfolio, and co-founder of TCOR Hotel Partners. She's led high-profile repositionings (hello, Fairmont Copley Plaza) and recently teamed with Hotel B School to build a pragmatic course on hotel investment. Susan and Debbie talk about buying basics, budget brass tacks, and booking blend.

This episode breaks down the hidden costs of closing a commercial real estate deal, showing investors exactly what to budget beyond the down payment to avoid surprises and protect their capital. TIme Stamps: 0:00 – Introduction 0:11 – Podcast energy & banter 0:21 – Sponsor pitch / OSU joke 1:06 – Criterion updates & distributions 1:51 – Closing sale & project recap 3:16 – IRR, returns, risk in development 4:01 – Newsletter & investor communications 5:15 – Gateway acquisition update 7:29 – Cost items: loan charges, appraisal 9:53 – Title & escrow charges 13:04 – Title endorsements, easements 15:19 – Survey, property condition, closing summary 16:33 – Second deal cost comparison 18:21 – Using “points” and closing cost buckets 20:54 – Operating capital, over‑raising 22:06 – Final advice & wrap Join our investor list today: https://www.thecriterionfund.com/join-our-investor-list CommercialRealEstate #CREInvesting #ClosingCosts #EquityRaise #RealEstateDevelopment #TitleInsurance #OperatingCapital #CREFinance #InvestorReturns #DealStructuring

On today's episode, Clay is joined by Derek Pilecki to discuss the current market conditions and the investment opportunities he's finding in today's chaotic environment. Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.8% per annum versus 11.9% for the S&P 500 over the same time period. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 04:33 - Derek's process of looking for a potential 26% IRR on new investments. 07:43 - How value investing has evolved over the tenure of running his fund. 12:23 - The moves he made during the tariff tantrum earlier this year. 15:14 - How Buffett has influenced him as an investor. 19:51 - The opportunities he's finding in the market today. 23:00 - How he expects the Fed's interest rate cuts to impact the economy, the banking sector, and the real estate market. 45:25 - What Derek saw in Robinhood's stock before it increased by over 10x. 58:24 - Derek's investment thesis in WEX Inc. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Derek's fund: Gator Capital. Derek's letters. Related Episode: TIP669: Quietly Compounding at 20%+ Per Year w/ Derek Pilecki. Follow Derek on X. Follow Clay on ⁠LinkedIn⁠ & ⁠X⁠. Related ⁠books⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠sponsors⁠⁠: Simple Mining HardBlock Human Rights Foundation Linkedin Talent Solutions Netsuite Shopify Vanta Abundant Mines Support our show by becoming a premium member! ⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

What's the best Multifamily Investing Strategy for your goals? Gino Barbaro reveals how to stop chasing IRR and start building a plan that matches your time, capital, and risk—so you can grow cash flow and options.In this episode, Gino outlines a practical roadmap: set clear goals (extra income, retirement timeline, job optionality, tax planning), pick the right vehicle (syndication, JV, or creative financing), and reinvest early gains while keeping your day job to build equity. You'll learn how seller financing and strong partners can bridge capital gaps, why “Buy Right, Manage Right, Finance Right” is the durable framework, and how to weigh tax benefits without letting them drive the deal. We also compare syndication vs. JV and when each supports your Multifamily Investing Strategy. By the end, you'll know how to align deals with outcomes and use a repeatable Multifamily Investing Strategy to scale cash flow, equity, and long-term wealth.Connect with Gino Barbaro: gino@jakeandgino.com | wheelbarrowprofits.com We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)