Start the conversation
It was great to hear from my good friend, Frank Holmes, once again.
This time he had some very exciting news about his involvement in one of the more lucrative fields in high tech today.
But first, you may recall that when we spoke last Dec. 7, I noted that I have followed Frank's career for many years because he ranks as one of the world's leading experts on everything involving metals and mining.
He serves as the CEO and chief investment officer at U.S. Global Investors Inc. (NASDAQ: GROW). It's a boutique investment management firm specializing in actively managed equity and bond strategies.
As impressive as his title is, it only scratches the surface of why I think he is a visionary leader.
Frank also ranks as a leading expert in high tech. And his latest venture combines those two parts of his personality with the promise of huge payouts for investors.
Indeed, Frank has just become the chairman of a fast-moving nano-cap that is using artificial intelligence (AI) to disrupt the centuries-old mining sector.
You're going to want to see this…
A Compelling Penny Stock
I don't ordinarily talk with you about penny stocks or those that are traded outside the United States. But Frank's involvement in GoldSpot Discoveries Corp. (TSXV: SPOT.V) is just too compelling to leave sitting on the sidelines.
Here's the thing. I believe Frank is really onto something big. And I can give you two proofs that I'm not the only one who thinks so.
First, the big picture…
Accenture says that by 2035, AI can double economic growth across the board in the 12 most advanced economies that now have a total value of $61 trillion.
In fact, we talk about this all the time at Strategic Tech Investor. AI is cutting-edge technology in more ways than one. My friend, colleague, and Money Morning's options trading specialist, Tom Gentile, has found a way to get the most lucrative trades by incorporating AI. In fact, he's designed a supercomputer that's part-trading-algorithm and part AI-technology that delivers 250 money-doubling trades every year.
Check it out by clicking here.
Second, GoldSpot has attracted some very respected hitters from mining. We're talking the likes of Hochschild Mining Plc., Sprott Mining Inc., and Yamana Gold Inc. They're not just using GoldSpot's AI to find new discoveries, they also have invested in the aggressive young company.
And that actually brings up another key point here. Frank also has put his own money into GoldSpot and now owns close to 10% of the firm. In other words, the chairman of this nano-cap company has his interests aligned with ours.
The Future of Mining
Gold mining is one of the world's oldest industries. We're talking about more than five thousand years of history.
And while other resource industries such as oil and gas exploration have harnessed the power of fracking and other technologies, gold mining simply hasn't seen much of a change.
Until now. Frank Holmes says that the use of AI is ushering in a new era of "peak discovery."
AI will let miners harness vast troves of global mining data and can identify patterns necessary to seek out where the richest veins of gold lay untapped.
Frank says that there is a much bigger tech push underway here than most realize.
5G Is Coming: The Tech Breakthrough of the Century Could Rest on This $6 Stock – Get All the Details Here
"Advances in AI, cloud computing, open source algorithms, machine learning and other technologies have made it possible for us to aggregate all this data and accurately target where the best spots are to explore," he said.
Geologist Denis Laviolette, who serves as CEO of GoldSpot, made a huge breakthrough here. He launched this first-of-its-kind computing firm that aims to use AI and machine learning to revolutionize the mineral exploration business.
Since then, Laviolette has built a world-class team of PhDs and experts in geology, physics, data science, and other fields.
Laviolette and his team first proved this technology's might two years ago when he showed a 3D geological model that correctly identified several target zones with the highest potential for gold.
As I said, GoldSpot has already caught the industry's attention. The firm is helping mining companies to cut costs and risks that come with early-stage mining exploration.
An Industry Investor as Well
Here's the genius of the GoldSpot business model…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.