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Capital
Where are insiders, royalty and streaming companies, institutions, and operators deploying money? Serious capital tends to move before the narrative does.
Independent mining research
Finding mining stocks the market is getting wrong.
I track where sophisticated mining capital moves — insiders, royalty companies, institutions, and operators — then look for overlooked gold and silver companies whose fundamentals may be improving faster than their share prices.
Free. Occasional research notes, never on a fixed schedule. Unsubscribe anytime.
A three-part research lens
Every idea I write up runs through the same three questions. It's a way of thinking, not a formula or a guarantee — but it keeps the research honest and repeatable.
02
Inflection
What is genuinely changing — production, cash flow, construction, permitting, financing, or asset economics? I look for the fundamental turn, with evidence it's real.
03
Torque
If the business performs, how much re-rating is possible — and what are the dilution and downside risks on the other side? Torque only matters when the downside is understood.
What you get as a free subscriber
- Full research write-ups. When I publish an analysis of a company, you get the complete investment thesis and the evidence behind it — not a teaser.
- The capital trail. Notes on where insider, institutional, and strategic money is moving across the gold and silver mining sector.
- Plain-spoken risk. Dilution, execution, and downside stated clearly. Mining is high-risk by nature, and I treat it that way.
- No noise. Emails arrive only when there's something worth your time. No fixed schedule, no hype, no spam.
Featured research
Deep-dives on individual companies and the capital flows shaping the sector. The first pieces are in preparation — subscribe and they'll reach you the day they publish.
Inaugural company deep-dive
A full Capital · Inflection · Torque analysis of an overlooked miner.
Where the capital is moving
A sector note on recent insider, royalty, and institutional activity.
Reader request
A company the data flags as worth a closer look.
About
I'm Jon Binder. I've spent my career building data systems and thinking about how people make sense of complex information, and I started investing in precious-metals miners around 2018.
What frustrated me early on was how hard it is to see where serious capital is actually moving. So I built my own research infrastructure to track ownership, insider transactions, institutional activity, and fundamental change across mining companies. That engine is GoldSignal Data, and the platform behind it is GoldSignal.ai.
Mispriced Miners is where I share what that research turns up — the ideas, the thinking, and the judgment calls — in plain language, for anyone trying to understand this corner of the market as seriously as I do.
Podcast hosts and press: I'm glad to come on and talk mining capital, ownership signals, and finding mispriced miners. Reach me on X (@GoldSignalAI) or through the subscribe form and I'll follow up.
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One email list, occasional notes, zero hype. Get new theses and sector observations on overlooked gold and silver miners.
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