Resource sectors are cold today. This means that now is the time to be scouting out and investing in these resource producers – which generally means mining companies.
Today, such thinking is known as Contrarian investing. However, back when our markets (and market participants) were more rational, this philosophy was known by a different name: “value investing”. Buy low; sell high.
It’s how investors make money. Today, “investors” are an endangered species. They have been replaced by momentum-chasers: people who buy high, and then attempt to sell higher. A simpler name for such behavior is gambling.
Buying an undervalued asset and waiting until that asset acquires fair market value is investing. Buying fully valued assets and hoping those assets become overvalued is gambling. It’s the entire philosophy behind U.S. markets, where earnings have been flat since 2011 – but valuations have soared into the stratosphere. One, big casino.
The 2018 Sprott Natural Resource Symposium is a conference for (real) investors. This Vancouver, British Columbia event is being held at the Fairmont Hotel Vancouver. Running from July 17 – 20, it’s an opportunity to research (up close) some of the most undervalued companies in the realm of investing, boasting some of the most exciting project development opportunities on the planet.
The Sprott Symposium is hosted by Rick Rule. That name alone lends credibility to this event. Rule attracts a huge following wherever he goes, so Vancouver-based investors have a chance to pose questions to an acknowledged investment guru.
The conference includes a roster of 83 speakers from the world of resource investing, headlined by Rule himself, along with Doug Casey, James Grant, Robert Friedland, and David Stockman. Early-birds are welcome here, with the doors opening at 6:45 am for a complimentary breakfast each day.
Rather than a collection of formal speeches, the Sprott Symposium has a more informal agenda, beginning with “Symposium Sessions” and ending with “Panel Discussions”. This means more Q&A time for attending investors to interact with these leading names in the resource sector.
Naturally, a resource conference would not be complete without a collection of mining exhibitors. One of the early presentations that raised some eyebrows came from Uranium Energy Corp. (NYSE American: UEC). UEC has been assembling a collection of U.S. ISR uranium assets with near-term production potential, including the Hobson processing facility in West Texas. The Company was pointing investors to what it sees as a near-term supply crunch in the uranium market.
This is the same management team behind GoldMining Inc (TSX: GOLD, OTCQB: GLDLF, Forum). While not active in further acquisitions at this point, management wanted to remind investors that its portfolio of advanced stage gold properties represented total gold resources (all categories) in excess of 20 million ounces – acquired at “10 cents on the dollar”.
Some other names familiar to Stockhouse investors include: Bonterra ResourcesInc. (TSX: V.BTR, OTCQB: BONXF, Forum), Northern Vertex Mining Corp. (TSX: V.NEE, OTCQB: NHVCF, Forum), and Osisko Gold Royalties (TSX: OR, NYSE: OR, Forum).
Resources = opportunity. This is the equation that is directly implied by valuations that (in many mining sectors) are approaching historic lows, in commodity markets that are notoriously cyclical.
Buy low; sell high. For investors who want information and strategies on how to invest better, the Sprott Natural Resource Symposium is a nexus for resource investors.
Sprott Natural Resource Symposium
FULL DISCLOSURE: Bonterra Resources Inc, Northern Vertex Corp., and Osisko Gold Royalties are paid clients of Stockhouse Publishing.