RE: Eodway Furthermore....we sit at #2
long leg up coming over the next few years....IMHO
Mining companies go through a series of stages from listing on a stock exchange to becoming a producer. A chart of a successful mining stock typically looks as follows:
There are three ways to profit based on the above cycles. First (point 1) – find a lucky junior exploration company that will make a discovery. Second (point 2) – buy undervalued shares of stock with established resources for cheap and ride it to production. Third (point 3) – pinpoint a troubled junior producer at the moment of an operational turnaround.
In my view, the second approach is certainly safer than the first and has more upside than the third approach given the project is economically viable and the management has what it takes to capitalize on that.
graph and content written by others.