Doubled from 9% to 20% in the downturn (SEP-19): "very misunderstood," a buildable Newfoundland asset with a short permitting timeline, prior mines and infrastructure, and the builders of the province's last two mines newly on the team.
Held (SEP-19): going underground for a bulk sample on 1.6 Moz he calls "already an economic mine," with recent results implying the resource is "vastly understated."
Gold as the measure of paper-money creation (SEP-19): long-term trend "firmly intact" after the $5,500→<$4,000 pullback; $40T of debt at ~5% = ~40% of federal revenue in interest, so yield caps/QE are coming — "turbo fuel for gold" — and M2 growth accelerates from ~7% toward 10–12%.
New ~20% stake bought day one in the Q2 pullback (SEP-19) — one of the biggest checks of his career: scale, grade, terrific infrastructure and real mine potential in a Canada newly friendly to mine-building.
Held (SEP-19): the rare junior that scaled well — micro cap to ~$1.5B, one of Canada's premier development assets — by adding two Mining Hall of Famers and a 40-year COO.
Held since the resource was small (SEP-19): now ~2 Moz high grade, Agnico Eagle's ~$60M for 10% as validation, a 4 Moz+ exploration target and eight rigs hitting "almost every single hole."
Held as largest shareholder (SEP-19): polymetallic zinc-lead-copper-silver-germanium-antimony deposit at $1,000–1,500/t net smelter return (5–8 g/t gold-equivalent) — valued on NSR per tonne, not metal mix.
Cited as the benchmark acquirer (SEP-19), not a stance: paid $500+/oz in the ground for Rupert and ~$60M for 10% of Radisson — the major whose one-or-two-mines-at-a-time logic he screens with.
Takeover comparable (SEP-19): bought by Agnico Eagle for $500+ US per in-ground ounce — proof majors can pay far more than the $30–100/oz juniors trade at.
In one line: a concentrated owner of ~35 junior miners (typically 5–30% stakes, ~90% of his net worth) who buys gold's pullbacks aggressively on a debt-debasement thesis, and bets that junior ounces trading at $30–100 in the ground rerate toward the $500–600 majors are now paying — but only for assets a major would actually build.
Gold measures money printing. $40T of US debt at ~5% means interest near 40% of federal revenue — "an insolvent situation" that ends in yield caps or QE, "turbo fuel for gold"; M2 growth has to accelerate from ~7% toward 10–12%. Central-bank physical buying now floors the price. (2026-SEP-19)
The junior rerating is still ahead. Major margins went from ~$500/oz (2011) to ~$2,000/oz, yet juniors still trade at $30–100/oz; fair is $200–400. Takeovers at $500–600/oz (Rupert, G2) prove it. "The rising tide ... I've yet to enjoy." (2026-SEP-19)
Worth zero or a lot more. He screens like a major that builds one or two mines at a time: top-decile grade, scale, infrastructure and low capital, profitable at $2,000–2,500 gold. Favourite setup: a mine today plus exploration upside (Radisson, Galleon). (2026-SEP-19)
Sizing discipline. ~1% initial checks, up to 5% over financings, starve failures, never trim winners; hold against written fair value. (2026-SEP-19)
The product
From his own description in the 2026-SEP-19 interview.
What it is: Gentile invests his own capital as a strategic shareholder; retail investors follow him through the free weekly Saturday Morning newsletter (saturdaymorning.com) and his portfolio forums. "It's not investment advice, but it's a great summary of what's happening in the mining markets."
Offering
What it is
How he runs it
Seen in the index
Saturday Morning (free, weekly)
Newsletter with his interviews, events and portfolio-company news
Sign-up at saturdaymorning.com; this week's issue covers NSR-per-tonne valuation of polymetallic deposits
How it serves retail investors: a free window onto the holdings and process of a largest-shareholder junior investor, and direct access to the CEOs in one room instead of 35 separate road shows.
Transcripts
One dated page per appearance — each has its stock table (when securities are named), talking points, and the saved transcript. Newest first.