RE: Anyone concerned that Lindero is low grade?The 1 out of 1000 companies finding an economic deposit is too small. I don't believe it.
Are there around 2000 tsx junior mining companies? Obvisously, many more than 2 will find an economic deposit. More than 2 have already put a mine into production during this cycle!
There would be no point investing here if the odds were so bad.
Many of the "experts" just repeat something they have heard without thinking about it
themselves. What is the original source for that statement? How do they define an economic deposit? Maybe, maybe 1 out of 1000 grassroot drill programs leads to a mine, but not 1 out of 1000 companies. But what is the source for this, and how exactly did they
do the statistics.
And obviously, John Embry is doing nothing to attract new investors to the sector by saying things like that. If I knew nothing about mining and heard that statement, I would move on to another sector for my investments.
Cheers.