Sector Expert: Thibaut Lepouttre

Caesars Report

Image: Thibaut Lepouttre

Thibaut Lepouttre is the editor of the Caesars Report, a newsletter and mining portal based in Belgium that covers several junior mining companies with a special focus on precious metals and base metals. Lepouttre has a Bachelor of Law degree and two economics masters degrees that have forged his analytical approach to the mining sector. Considered a number cruncher, Lepouttre focuses on the valuations of companies and is consistently on the lookout for the next undervalued mining company.



Recent Interviews

Six Mining Companies to Watch as M&A Heats Up (7/22/16)
Merger arrows

Precious metals prices have gained momentum since the start of this year, and corporate M&A activity is heating up again. Caesars Report's Thibaut Lepouttre highlights a handful of mining companies with market capitalizations attractive to larger companies looking to boost their project pipelines.

Four Active Mining Companies You Should Be Watching (5/31/16)
Southern Abitibi Project Map

The mining industry has been very busy over the last few months with the gold price showing signs of stabilizing, financings getting completed, preliminary economic assessments being released, prefeasibility studies being updated and M&A activity increasing. The market has a buzz once again and Thibaut Lepouttre of Caesars Report profiles several companies that are reaping the rewards of being very active right now.

BonTerra Resources Delivers Its Own March Madness (4/4/16)
BonTerra 3-month chart

BonTerra Resources stock is up just over 70% in March and 146% in 2016. In March, BonTerra acquired nearly 1 Moz of gold at the Larder project and released great drill results on the Gladiator project, and there is more to come. Caesar's Report's Thibaut Lepouttre discusses the merits and effects of such a busy month.

Recent Quotes

"VIT has now released a third batch of drill results from the 2016 diamond drill program at Olive-Shamrock, and these results confirm the continuity of the mineralization at that zone."

— Thibaut Lepouttre, Caesars Report (8/3/16)
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"We wouldn't be surprised to see ICG's bulk sample coming in at a higher average grade than the resource estimate."

— Thibaut Lepouttre, Caesars Report (8/1/16)
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"FPC's PEA is a robust one that will hold up."

— Thibaut Lepouttre, Caesars Report (7/27/16)
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"We expect the ICG's PEA to be ready at the end of the current quarter."

— Thibaut Lepouttre, Caesars Report (7/23/16)
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"Making a deal on Paul Isnard might create a win-win situation for CGT and Nordgold."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"FCU's Triple R uranium resource is expected to increase toward the 150 Mlb mark."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"Silver Standard might want to simplify the ownership structure by acquiring 100% of GRG's Chinchillas deposit."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"ICG offers an excellent combination of high-grade gold mineralization in a mining-friendly region."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"NXE blew all expectations out of the water with a maiden resource estimate containing in excess of 200 Mlb."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"With the potential to discover in excess of 200 Moz Ag eq, SSV's Cerro Las Minitas has undoubtedly popped up on a lot of radar screens."

The Gold Report Article by Thibaut Lepouttre (7/22/16)
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"ICG is now following up on dozens of exploration targets to decide which ones it will drill first."

— Thibaut Lepouttre, Caesars Report (6/23/16)
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"SSV reported one of the best drill results ever encountered at Cerro Las Minitas."

— Thibaut Lepouttre, Caesars Report (6/18/16)
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"RPM's acquisition of Florida Canyon mine will catapult it into the ranks of gold producers."

— Thibaut Lepouttre, Caesars Report (6/9/16)
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"GRG has released an updated resource estimate for its Chinchillas silver project in Argentinaĺs Jujuy province."

— Thibaut Lepouttre, Caesars Report (6/2/16)
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"FPC's PEA shows an all-in sustaining cost of less than $450/oz."

The Gold Report Interview with Thibaut Lepouttre (5/31/16)
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"IGC's anticipated PEA will incorporate many more ounces, and I would expect the NPV to triple or quadruple."

The Gold Report Interview with Thibaut Lepouttre (5/31/16)
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"RPM's acquisition of the Florida Canyon mine seems to be a really good deal."

The Gold Report Interview with Thibaut Lepouttre (5/31/16)
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"RPM has signed a definitive agreement to acquire the Florida Canyon gold mine in Nevada, and will become a gold producer overnight."

— Thibaut Lepouttre, Caesars Report (5/26/16)
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"CNX increases its exposure to Zinc in Canada"

— Thibaut Lepouttre, Caesars Report (5/24/16)
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"CNX has signed a binding purchase agreement with Newmarket Gold whereby CNX will acquire the Point Leamington project."

— Thibaut Lepouttre, Caesars Report (5/20/16)
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"FPC is mobilizing two drill rigs to start a new surface drill program at the Horne 5 mine in QuÚbec, Canada."

— Thibaut Lepouttre, Caesars Report (4/28/16)
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"Four of the five new holes CNX released contain significant copper mineralization."

— Thibaut Lepouttre, Caesars Report (4/26/16)
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"RPM's initial metallurgical test results are exceeding our expectations."

— Thibaut Lepouttre, Caesars Report (4/20/16)
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"SSV's maiden resource estimate at CLM is actually pretty good."

— Thibaut Lepouttre, Caesars Report (4/11/16)
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"ICG has entered into a share purchase agreement with Eastmain Resources."

— Thibaut Lepouttre, Caesars Report (4/9/16)
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"CNX has found exciting intercepts in the past year."

— Thibaut Lepouttre, Caesars Report (4/7/16)
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"One of the hottest Nevada exploration plays of 2015 and Q1/16 was probably Gold Standard Ventures."

— Thibaut Lepouttre, Caesars Report (4/2/16)
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"ICG's infill drill program is proving its value by increasing the confidence in the current resource estimate."

— Thibaut Lepouttre, Caesars Report (4/1/16)
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"CNX confirmed discovery of a high-grade copper and zinc zone at Pine Bay."

— Thibaut Lepouttre, Caesars Report (3/15/16)
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"The chairman of ICG purchased an additional 150,000 shares of the company."

— Thibaut Lepouttre, Caesars Report (3/11/16)
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"FPC's Horne 5 has now reached the critical mass to be developed."

— Thibaut Lepouttre, Caesars Report (3/4/16)
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"RPM continues to benefit from the royalty deal with Coeur Mining."

— Thibaut Lepouttre, Caesars Report (2/17/16)
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"ICG was able to raise cash at a hefty premium to the market price."

— Thibaut Lepouttre, Caesars Report (2/16/16)
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"Out of 13 holes that NMI drilled, 10 have intercepted the Hampshire lode."

— Thibaut Lepouttre, Caesars Report (2/12/16)
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"CNX has already discovered a new VMS zone at Pine Bay."

— Thibaut Lepouttre, Caesars Report (2/10/16)
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"GRG has reported the results of an additional 14 drill holes at Chinchillas, and there are some pretty good intercepts."

— Thibaut Lepouttre, Caesars Report (2/8/16)
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"GSV should end the year with in excess of CA$15M in the treasury, which makes this company stand out from the crowd."

— Thibaut Lepouttre of Caesars Report for Streetwise Reports (2/4/16)
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"ICG discovered more high-grade gold during infill drilling on the C1."

— Thibaut Lepouttre, Caesars Report (1/31/16)
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"RD might have some positive surprises for the market."

— Thibaut Lepouttre, Caesars Report (1/21/16)
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"VIT has the final piece of the puzzle for its Eagle gold project."

— Thibaut Lepouttre, Caesars Report (1/14/16)
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"ICG should be fully funded for all exploration to advance Lamaque."

— Thibaut Lepouttre, Caesars Report (1/13/16)
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"We wouldn't be surprised to see ICG get bought out before the end of 2016."

— Thibaut Lepouttre, Caesars Report (1/13/16)
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"Gold Ridge could add years to the mine life of RPM's Lincoln Hill project."

— Thibaut Lepouttre, Caesars Report (1/11/16)
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"ICG has closed a CA$2.5M flow-through placement."

— Thibaut Lepouttre, Caesars Report (12/24/15)
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"CNX will be one of the busiest base metals exploration companies this winter."

— Thibaut Lepouttre, Caesars Report (12/23/15)
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"RPM has reached a new earn-in agreement on the Patty project."

— Thibaut Lepouttre, Caesars Report (12/23/15)
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"CNX is definitely chasing an elephant on its Pine Bay zone."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"CGT is an important company to watch in 2016."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"ICG's Triangle deposit is shaping up to be a massive project."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"PLG is moving ahead with its two Nevada projects: Kinsley Mountain and Goldstrike."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"The impact of the weak Colombian peso on RD will be huge."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"RGC's Unga is an exceptional property with exceptional grades."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"RPM is an excellent company."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"TRX is a prime takeover candidate because it has everything most senior producers would want."

The Gold Report Interview with Thibaut Lepouttre (12/14/15)
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"CNX announced plans for a 2016 drill campaign."

— Thibaut Lepouttre, Caesars Report (11/17/15)
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"ICG released an updated resource estimate for part of its Lamaque project."

— Thibaut Lepouttre, Caesars Report (11/11/15)
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"ICG's infill drill program at the Parallel zone is confirming continuity."

— Thibaut Lepouttre, Caesars Report (11/4/15)
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"RPM mobilized a rig to drill an additional 12 holes at Lincoln Hill."

— Thibaut Lepouttre, Caesars Report (11/3/15)
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— Thibaut Lepouttre, Caesars Report (10/30/15)
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"We expect the after-tax NPV5% on ICG's new PEA to more than double."

— Thibaut Lepouttre, Caesars Report (10/29/15)
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"ICG released an update on its Lamaque gold project in Quebec."

— Thibaut Lepouttre, Caesars Report (10/21/15)
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"CNY's BMC joint venture manganese project has world-class potential."

— Thibaut Lepouttre, Caesars Report (10/21/15)
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"CNX has added James Pickell, one of the world's most renowned experts on VMS systems, to its technical team."

— Thibaut Lepouttre, Caesars Report (10/20/15)
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"ICG has announced a new discovery at the Lamaque South property."

— Thibaut Lepouttre, Caesars Report (10/9/15)
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"CGT's Eastside showed 150m at 0.71 g/t and almost 25m of 2.7 g/t."

— Thibaut Lepouttre, Caesars Report (10/1/15)
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"CNY is sitting on something special at the Brazil manganese project."

— Thibaut Lepouttre, Caesars Report (9/23/15)
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"CGT released some pretty impressive Eastside drill results."

— Thibaut Lepouttre, Caesars Report (9/23/15)
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"CNY's focus on Jaburi should reduce cost and increase throughput."

— Thibaut Lepouttre, Caesars Report (9/17/15)
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"Lincoln Hill's access to infrastructure makes RPM interesting."

— Thibaut Lepouttre, Caesars Report (9/16/15)
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"CB Gold shareholders now have until Sept. 25 to tender shares to RD."

— Thibaut Lepouttre, Caesars Report (9/15/15)
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"We are looking forward to RD unveiling its plans for the Vetas gold project."

— Thibaut Lepouttre, Caesars Report (9/8/15)
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"CNX is one of the very few companies ticking all the boxes."

— Thibaut Lepouttre, Caesars Report (8/26/15)
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— Thibaut Lepouttre, Caesars Report (8/18/15)
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"ICG announced Eldorado is taking a 15% strategic stake."

— Thibaut Lepouttre, Caesars Report (8/18/15)
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"CNY has received an order from a 'key Brazilian fertilizer manufacturer,' a very important achievement."

— Thibaut Lepouttre, Caesars Report (8/14/15)
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"We remain convinced CGT's Paul Isnard project contains more than 8 Moz gold."

— Thibaut Lepouttre, Caesars Report (8/14/15)
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"ICG is making considerable progress at its flagship Lamaque project."

— Thibaut Lepouttre, Caesars Report (8/4/15)
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"RD is extending the expiry date for its takeover offer for CB Gold."

— Thibaut Lepouttre, Caesars Report (8/4/15)
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"CNY is on the right track."

— Thibaut Lepouttre, Caesars Report (7/24/15)
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"RPM CEO Bill Howald is a guy who definitely knows what he's doing."

— Thibaut Lepouttre, Caesars Report (7/23/15)
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"RD's fully permitted mining project is now also fully financed."

— Thibaut Lepouttre, Caesars Report (7/17/15)
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"The footprint of the C4 structure at ICG's Triangle zone could double."

— Thibaut Lepouttre, Caesars Report (7/15/15)
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"The weaker Canadian dollar is very beneficial for ICG's Lamaque project."

— Thibaut Lepouttre, Caesars Report (7/7/15)
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"RD doesn't seem to have an insurmountable hurdle in getting CB Gold shareholders to tender."

— Thibaut Lepouttre, Caesars Report (7/1/15)
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"CGT has outlined a very extensive drill program at its Eastside project."

— Thibaut Lepouttre, Caesars Report (6/30/15)
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"ICG's Gold Rush competition will attract some new eyes to the story."

— Thibaut Lepouttre, Caesars Report (6/23/15)
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"CNY is aiming for a BMC manganese project resource estimate by late 2016."

— Thibaut Lepouttre, Caesars Report (6/23/15)
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"We truly believe a merger between RD and CB Gold would be a great fit."

— Thibaut Lepouttre, Caesars Report (6/19/15)
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"ICG announced an exploration target of 1.4ľ4.2 Moz gold."

— Thibaut Lepouttre, Caesars Report (6/18/15)
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"We are very excited about CGT's new drill program in Nevada."

— Thibaut Lepouttre, Caesars Report (6/15/15)
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"CNY increased its stake in the world's highest-grade manganese project."

— Thibaut Lepouttre, Caesars Report (5/27/15)
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"CNY has the highest-grade manganese ore in the world."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"CGT will release a PEA on its Paul Isnard project in the next few weeks."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"ICG's recent drill results indicate that the Triangle zone could be much larger than originally thought."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"PLG is a well-financed group that seems to be hitting the right targets."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"RD's all-in sustaining costs at Santa Rosa could be less than $700/oz."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"Adding crushers to the processing circuit would add $25ľ30M to RPM's Lincoln Hill NPV."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"TXR could have the next high-grade gold deposit in Canada."

The Gold Report Interview with Thibaut Lepouttre (5/21/15)
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"ICG has discovered the thickest interval to date at the Triangle zone."

— Thibaut Lepouttre, Caesars Report (5/20/15)
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"You can buy RD for half of the fair value and get upside for free."

— Thibaut Lepouttre, Caesars Report (5/13/15)
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"ICG hit some extremely exciting mineralization at the Triangle zone."

— Thibaut Lepouttre, Caesars Report (5/7/15)
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"Paul Isnard could provide a 20% after-tax return to CGT."

— Thibaut Lepouttre, Caesars Report (4/22/15)
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"CGT is one of our favorite exploration stories for this year."

— Thibaut Lepouttre, Caesars Report (3/31/15)
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"We wouldn't be surprised to see Nordgold buy out CGT's Paul Isnard project."

— Thibaut Lepouttre, Caesars Report (3/31/15)
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"ICG's prefeasibility study will show an after-tax NPV5% of ~CA$200M."

— Thibaut Lepouttre, Caesars Report (3/24/15)
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"The economics of KDX's Fire Creek project are very robust."

— Thibaut Lepouttre, Caesars Report (3/18/15)
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"We donĺt think RD will have difficulty securing funding for its mine."

— Thibaut Lepouttre, Caesars Report (3/13/15)
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"CGT is one of the prime takeover targets this year."

— Thibaut Lepouttre, Caesars Report (3/11/15)
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