Make bets you believe in, then challenge them

This morning I have a quick recap from last week, plus two new video releases.

Last Wednesday I published a report on Auryn Resources, and the CEO, Ivan Bebek. The morning the report came out, a good friend and Pangea Club Member called me. He is a quiet, independent investor. Extraordinarily wealthy, but he has never invested in a resource company before.

I’ve been trying to convert him for two years.

I knew he called because he was interested - he was close to taking his first position, I was excited to dive deeper. But he never gave me the chance - he cut right to the chase.

"Okay, looks interesting. You get one sentence to tell me why Ivan Bebek is going to put the puck in the net."

This guy loves his drama.

But I had the answer immediately.

"You're asking the wrong question. Don't ask if Ivan is going to do it... ask if Ivan is going to do it for a third time."

Those two questions are separated by an ocean.

Nothing I could say about Ivan Bebek trumps his track record. He’s already had two massive wins, moving Keegan Resources from exploration to production and building Cayden Resources to a $205M exit. He has made his shareholders tons of money, yet still feels unproven. It does not make him a sure thing, but after our interview last week, I asked him how important it was for him to get the hat-trick:

“You do it once, you are lucky. You do it twice, you’ve got people's attention. You do it three times….”

Demand for his deals goes WAY up, and his cost of capital goes way down.

In his words: “I want to make people rich. Not just money. Rich.”

That’s the chip on the shoulder we are looking for. Investors who took a position last week are up 45% on their money.

Check out our interview here.

This morning I am also releasing interviews with two financial media icons - Danielle DiMartino Booth and Harry Dent.