I have used the 2X factor whenever setting up a new business. i.e. Add up ALL costs to bring a product to market and unless you have twice this amount in the bank, forget it.
'Most of my investing, especially over the last few years, has been with the junior mining stocks. I KNOW what I am doing and I UNDERSTAND what I’m doing, but I don’t recommend my portfolio to people. Individuals have to determine for themselves what they’re most comfortable with, what they’re knowledgeable about.'
'Three years ago a junior miner made an assestment for project costs on a certain property...because the costs jumped by 150% in that time frame they are unable to raise the capital and have shelved the project'
The conclusion? Knowledge, understanding and ensure your junior miner is cash rich!
Archie's Rule and Junior Mining [View article]
i.e. Add up ALL costs to bring a product to market and unless you have twice this amount in the bank, forget it.
Sean Rakhimov: 3-Digit Silver Ahead [View article]
Bullish on All Metals [View article]
'Most of my investing, especially over the last few years, has been with the junior mining stocks. I KNOW what I am doing and I UNDERSTAND what I’m doing, but I don’t recommend my portfolio to people. Individuals have to determine for themselves what they’re most comfortable with, what they’re knowledgeable about.'
'Three years ago a junior miner made an assestment for project costs on a certain property...because the costs jumped by 150% in that time frame they are unable to raise the capital and have shelved the project'
The conclusion?
Knowledge, understanding and ensure your junior miner is cash rich!