Murray Pezim in 1989 (BCTV photo)

Murray Pezim was one of the mining industry's most active "insiders" during the 1980's. Here he is in 1989 in a BCTV still (Source).

Two of the most compelling junior mining companies in our universe saw considerable insider buying today, a positive sign for investors in both companies.

1. NexGen Energy - NXE.V -$0.405

NexGen Energy is exploring for uranium in the prolific Athabasca Basin at the 100% owned Rook 1 property. Investors are eagerly awaiting assays results from recent drill holes that reported off scale radioactivity. Additional drilling is expected this winter at the Arrow Zone, which is open in all directions. Insiders bought $726k worth of stock in the market Monday.

NXE insider buying

Source: (TMX)

2. Eurasian Minerals -EMX.V - $0.80

Eurasian Minerals is pioneering a new business model which they call, "The Royalty Generator". The company currently has one producing royalty and a host of properties optioned off which they retain a NSR (Net Smelter Return) royalty, including Arizona copper explorer Desert Star Resources (TSXV.DSR).  A press release was issued last week that provides a compelling overview of the current activities at Eurasian. On Monday, insiders in the company reported purchases of $151k worth of stock.

emxinsiderbuysfinal

Source: (TMX)

There is a meme going around mining circles currently of a "Professional capitulation" with even the most die hard investors becoming disenchanted and disgusted with the recent performance of the sector, now almost in the fourth year of a downturn.

Eurasian and NexGen are two companies that have been able to add value to their portfolio despite the bear market for mining stocks, and insiders agree.

Disclosure note: I own shares in EMX. Tommy and Travis own shares in NXE. Always do your own due diligence.