RE:Investing near the bottom of a commodity cycle: Sprott MediaExcellent article, Greede. Thank you.
If there is a PM rally, and it sure looks like there is, little, low CAPEX, near production companies like BHS will soar. And it will not be a linear function of the price of silver. In a real rally we see that long forgotten thing, "investor enthusiasm". People will want to get in on the rally and they won't care if they are buying BHS for $1.00 because they will be certain it is going to $10.00.
The biggest challenge for long term BHS shareholders will be holding their shares as the price rises. The temptation to sell at $0.60 is going to be huge. But most of the real profits in a rally come towards the end. It is a real test of nerve.