Master mining finance, mineral economics, and exploration with Marcel Nally’s 8-pillar framework.
Junior mining companies are lost to capital they couldn’t raise, deals they shouldn’t have signed, and jurisdictions they didn’t read properly — long before the drill results come back.
After 30 years of building mining companies, Marcel Nally set out the eight things that actually determine whether a project gets built. The book is (available now on Amazon). The full method is here, free.
Junior mining ventures rarely fail because someone misread the rocks. They fail on a badly structured deal, capital that ran out at the wrong moment, or a risk nobody priced. This framework covers the ground between the field and the capital markets — the part that decides the outcome.
Marcel Nally is a mining geologist who has worked across 11 startup mines and advanced projects. What you get is the working playbook — direct, unsentimental, and shaped by what actually happened, not academic theory.
Master the entire lifecycle of how to start a mining company. From navigating JORC / NI 43-101 reporting and mineral economics to executing joint ventures and capital stack strategies, we cover the critical business disciplines other courses leave out.
Whether you're weighing up a junior mining equity, structuring an earn-in, or working through a project's NPV, capex, and opex, the course gives you the metrics to judge a project properly — and to spot the ones worth walking away from.
Choosing a jurisdiction, and reading the mining code before it reads you.
Commodity strategy, and the supply and demand behind it.
Building a team the market will actually back.
Structuring options, earn-ins, and joint ventures.
Valuations, capex and opex, and the cash flow underneath them.
Seed capital, private equity, and debt, and when each one is the right answer.
JORC and NI 43-101 compliance, done properly.
Lowering technical discovery risk.
A free, interactive program for investors, founders, and geology students on how a mining company actually gets started. Built on Marcel Nally's 30+ years in the industry and structured around the eight pillars — mineral economics, junior exploration, and project valuation among them.
A free, interactive program for investors, founders, and geology students on how a mining company actually gets started. Built on Marcel Nally's 30+ years in the industry and structured around the eight pillars — mineral economics, junior exploration, and project valuation among them.
For visual learners, Marcel and his team have adapted the book into an animated video series. Each one takes an advanced concept — selecting a target mineral, valuing a project, the basics of mineral economics — and makes it plain. The series is divided by the eight pillars:
Jurisdiction Selection
In mining, location is everything, and it starts with licensing. In this episode, Marcel Nally explains why transparent regulations, fast approvals, and low fees are the first essential factors in choosing a mineral project site, letting you explore with confidence instead of getting stuck in red tape.
Commodity strategy
Coming Soon.
Team composition
Coming Soon.
Structuring options & JVs
Coming Soon.
Valuation & cash flow
Coming Soon.
Capital stack strategy
Coming Soon.
JORC/NI 43-101 compliance
Coming Soon.
Technical discovery
Coming Soon.
Jurisdiction Selection
In mining, location is everything, and it starts with licensing. In this episode, Marcel Nally explains why transparent regulations, fast approvals, and low fees are the first essential factors in choosing a mineral project site, letting you explore with confidence instead of getting stuck in red tape.
Commodity strategy
Coming Soon.
Team composition
Coming Soon.
Structuring options & JVs
Coming Soon.
Valuation & cash flow
Coming Soon.
Capital stack strategy
Coming Soon.
JORC/NI 43-101 compliance
Coming Soon.
Technical discovery
Coming Soon.
Jurisdiction Selection
In mining, location is everything, and it starts with licensing. In this episode, Marcel Nally explains why transparent regulations, fast approvals, and low fees are the first essential factors in choosing a mineral project site, letting you explore with confidence instead of getting stuck in red tape.
Commodity strategy
Coming Soon.
Team composition
Coming Soon.
Structuring options & JVs
Coming Soon.
Valuation & cash flow
Coming Soon.
Capital stack strategy
Coming Soon.
JORC/NI 43-101 compliance
Coming Soon.
Technical discovery
Coming Soon.
Low frequency, high substance.
Subscribers receive weekly analysis on jurisdictional risk, capital structure mechanics, and the realities of the mining cycle. Content is designed to filter noise and provide clarity on deal-relevant developments.
