Brent Cook dinner: I am Searching for Juniors, This is What I Wish to Seeyoutu.be
Financial geologist Brent Cook dinner is not trying to purchase junior useful resource shares proper now, however he informed the Investing Information Community that he is assembling an inventory of firms that he can pounce on when the time is correct.
“Proper now, what I am actually centered on is discovering and figuring out possibly a dozen firms which have initiatives that will probably be financial, with good administration and have the cash to final a yr and a half minimal. As a result of I believe that is what they are going to want,” stated Cook dinner, who’s a associate at Exploration Insights with Joe Mazumdar.
Explaining additional in regards to the standards which are on his thoughts, Cook dinner stated he needs to see explorers with deposits which are so good that they will be purchased out by a serious mining firm as an alternative of getting to do the work themselves.
“So many firms get caught into this rut of, okay, they’ve made a discovery. Now their shareholders need them to drill it out and do some form of feasibility research on it, yada yada yada,” he defined. “That isn’t the place I need to go. I would like one thing that is so good {that a} main mining firm buys it, and so they do not should construct it.”
When requested if he favors any particular commodity, Cook dinner stated copper is among the higher ones, but it surely’s actually excessive margins that make the largest distinction. “I believe any metallic that is excessive margin, any deposit that has excessive margins, is worth it — silver, gold. I at all times like gold. It is extra the standard of the deposit versus the precise commodity,” he stated.
The time to purchase is probably not too far off. As Cook dinner commented, “I believe inside the subsequent six months — possibly this November, December — these items are going to be so low-cost that it is time to step in and purchase them
Watch the interview above for extra from Cook dinner on how he is approaching the junior useful resource sector. You can even click on right here to learn our recap of the New Orleans Funding Convention and right here for our full occasion playlist on YouTube.
Don’t overlook to comply with us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the knowledge reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
From Your Website Articles
Associated Articles Across the Internet
