RE: Interesting take on junior weakness " But big mining companies currently have full project pipelines, with no need for new acquisitions."
"The upshot is that there are now a bunch of great companies out there that you can pick up for pennies on the dollar. "
"We may be coming to a once-in-a-decade buying opportunity, and when it’s time to act, you’ll want to move fast."
Im confused. the biggies have full pipelines, no need for juniors. then he has the realization that there are a # of good juniors with potential and then he says get ready to buy.
that's the way its always been. lotsa juniors and a few climb to the top. majors all have boatloads of cash at the same time as thier cash costs are rising , again , and thier mines are depleting, again. some commodities are in surplus and some are in deficit. nothing new again.
what may have changed more than anything this past cycle, is that gold ETF's may be sopping up $ that used to go to juniors as a possible aversion to risk. that works 2 ways. bad initially for juniors, who then slow down exploration and then the majors get antsy about where will they get it from next. then a major discovery comes along and BANG the bigggies fight over it, casue no one wanted to fund junior exploration, so it dropped off and cycle starts again