Privilege investors such as 😄😄Those that get the sweetheart deals to participate in cheap PP deals in various mining companies are in a different risk category ( more like no risk at all) they are like insiders investors Rick Rule/Sprott etc.
These investors don't participate in PP deals in company that is sitting on moose pasture property, whenever they choose to participate in these cheap PP deals the company already drill & found some, Gold,Silver,Copper,Cobalt,Oil,Uranium,Diamond, etc.Although they will tell you that they are taking these big risk & no guarantee when they participate in these cheap PP deals, that the company will find something.(wink! wink!)
A good example before UEX merge with UEC is they did a 70+ million PP deal to purchase at 29 cents a share to purchase that JCU property, & a bunch of investors like Rick Rule under the Sprott banner got to participate in that nice deal, & I BET YOU THEY NEVER KNEW UEX WAS GOING TO MERGE WITH UEC, after that 70+ million deal was completed, yes wink! wink!
Despite that because of COVID-19 Stock Market Crash I was able to be a contrarian investor to purchase UEX at 5 & 6 cents a share by using my Pension money that I had access to, by purchasing over 1 million UEX shares, investors thought the world is coming to an end by throwing the baby out with the bathwater.
They were saying take my Cameco at $9+ a share, take my Denison at under 50 & 40 cents a share, take my UEX at 5 & 6 cents a share & guess what with that access to my Pension money I could not resist, I could not believe what I was seeing, but fear make a lot of people do irrational things, that they tend to regret later in life.
By being a contrarian investor during COVID-19 Crash I got a better deal a few years earlier on UEX at 5 & 6 cents a share compared to the Privileged investors like Rick Rule/Sprott etc.
As much as I respect & love these guys they should not be your moral compass, because these investors have access to inside information plus they get to participate in the cheap PP deals with tax incentives for the companies/investors, most of us are not in that category.
I don't see Rick Rule/Sprott using their pension money in speculative penny stocks, only POOR PEOPLE LIKE MYSELF & OTHERS are willing to take such risk to accumulate wealth.Your investment decesions should based on 60% common sense & 40% greed,& you should do just fine/ok.