RE:RE:I'm Already MarriedOil can be a nice payday but i dare say mining can be better. Seriously!
I'll assume you are thinking established mining companies or ones that will develop a mine. By the way I think it takes 11 years on average to develop a mine for those rare mining companies. Sure there can be a successes in mining but they are quite rare compared to successes in Oil & Gas. Ascot is definitely not a better payday. There have been 100's of successes in Oil & Gas the last 18 months compared to Mining Companies.
For every mining company success I can give you 50 Oil and Gas Companies that did better; as far as return on investment. That is because maybe 2% of mining companies actually make it to a mine.
I bought TOU at $17.80 a year ago. Only 1,200 shares - 50% on margin. Today it is $48.72 and pays a dividend. I'm up $37,000 dollars today not including the dividends; 1 year later. And I only paid $500 in interest on the margin. I bought into AOT a year ago and I'm down money.
I'll never buy a grassroots mining company or one starting to develop a mine ever again.
YES I will eventually make money on AOT however I have no idea how to really guess at that number.