Rules of Thumb for Junior Mining Speculators and A Light at the End of the Tunnel
As we all know, for most speculators and investors the past few years in the mining and exploration sector have been disastrous. However, there are a number of fundamental trends that have been set in motion over the past few years. . .
Blind Faith-- Samples, Assays, and Estimates
. . .a resource estimate is the fundamental building block for everything that comes later in designing a mine. If the estimate is inaccurate or flat out wrong, it can require considerable re-engineering and optimizing to fix-- if it can be fixed at all.
The Terrible Truth of Gold Mining Cost Reporting
Joe Hamilton shares his knowledge.
Exploration Insights offers the sophisticated speculator independent and unbiased analysis of the junior mining and exploration market. It is written and produced on a (generally) weekly basis by Brent Cook, a veteran geologist and mining stock analyst.
Successful speculation in minerals exploration requires an edge: the ability to differentiate between fact and fiction. Through Exploration Insights, Brent Cook provides you with rigorous factual analysis based on decades of industry-related experience in over 60 countries. These Insights are supplemented by extensive on site field evaluations of mineral properties. For an exploration speculator, there is no substitute for in-the-field experience to truly understand both the potential for a mineral discovery and the fatal flaws that make an economic discovery all but impossible.
Since inception in February 2008, Exploration Insights' performance has been strong. Our Closed portfolio through year-end 2010 returned an average gain of 173%; the unsold positions in our portfolio showed a gain of 319% through year-end. We are proud of our success gained by sticking to a very focused list of junior mining and exploration companies with very few losses. We do caution, however, that this is an exceptionally high risk investment sector.
Subscriber question: “I subscribe to four other resource letters. What would I be getting from your newsletter that I may not be getting already?”
Brent’s reply: “What you get is a (generally) weekly letter written from the perspective of an economic geologist who has 30 years of exploration and mining industry experience in over 60 countries on real projects ranging from grassroots exploration to feasibility stage studies and bank audits. The past 14 years I have been working as an analyst and advisor to funds and high net worth individuals, in addition to investing--essentially turning rocks into money. The letter, then, is primarily about what I am doing with my money, and my only compensation comes from subscribers and the money I invest.
Exploration Insights is a straightforward letter focused on a few stocks in this very high risk/reward sector: exploration and mining. I provide you with information, both positive and negative, with which to make your investment decisions.”
For more information read the "User Manual" here.
Virtually no other investment sector provides the opportunity for ten to hundred-fold share price increases on penny stock investments. The mining industry is extracting over 75 million ounces of gold; 675 million ounces of silver; 15 million tonnes of copper; 90 million pounds of uranium; etc., annually. These companies need to replace the depleted minerals with new discoveries. Economic mineral deposits are extremely rare, however, and finding one a very difficult and time consuming process; therefore, new mineral discoveries can be exceptionally valuable. When a junior exploration company makes a discovery, its share price and market capitalization increase dramatically. That early discovery, high reward, spot is where Exploration Insights is focused—that is our area of expertise and what we are really all about.
More specifically, the letter covers mining industry trends and provides detailed geological and economic evaluations of junior mining and exploration companies. Once a company makes it into our Exploration Insights portfolio we continue to provide updates and assess its progress, or lack thereof.
Subscribers will receive an email notifying them when a newsletter is posted, generally every week (travel schedule permitting). You will have the option of accessing the letter either by linking to the website or our mobile site using your username and password--be sure to save these.
For a good introduction to Brent and his investment strategy, click on the "Media" tab near the top of any page; this has a number of articles written by Brent, as well as recent and archived Interviews which will further your understanding of his investment and analysis paradigm.