WHEN or IF question ?Was listening to a Rick Rule interview and he was mentioning the WHEN or IF question. WHEN being an investment thesis that only needs time to mature (Say petroleum at $ 20/barrel or Uranium at $ 20/pound when the replacement cost is $60/barrel or pound) versus IF where you are waiting for a situation be it drilling results, permits, financing, etc… Would venture that drillers are a When situation as it is required to support the commodity mining cycle boom. Of course, IF there is mining boom but it sure looks to shape this way Anyway, it should not be different this time than prior cycles.
GLTA