Steve Todoruk: Finding the Big Discoveries in the Resource Space
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Steve discusses his strategies for assessing junior mining companies. He only looks at companies after they have had some drill discovery results. Since you really can’t determine in advance of the numerous companies which might find some good results. Every company has multiple geophysical anomalies but which will have the best economic grades and be truly viable. Geologically speaking there can be “one hole drill wonders” and they can be quite brutal.
Time Stamp References:
1:20 – When to invest in explorers.
3:40 – Optimal resource discoveries.
7:30 – Danger of “One hole wonders.”
10:00 – Very little exploration in bear markets.
13:00 – Risks with news announcements.
14:20 – Why discovery plays can be tough to trade.