RE:RE:Price predictions for 2024
Eric Sprott spent millions buying at $0.40 but like Rick Rule they know which ones to buy when they are on sale. They look at the intrinsic value of a company and its deposits first then they buy in the early exploration stages when the stock market does not recognized the intrinsic value.
They do not worry about the short term gyrations. They are here for the long term development of projects to get them to their true value. This is how they became billionaires. They are looking for projects that will gain 10x, 50x,100x more. They read the technical reports and do comparative analysis to be able to identify the ones most like to play out but even they do not get it right all the time. They just need to win big enough of the time to make the risk worth taking. It takes experience and work. It is high risk which is why it requires a lot of kowledge and work to reduce that risk.
If you do not do the homework it might be a better idea to invest in safe blue chips with low risk.