In Part I, I introduced readers to the different categories of miners, and outlined some of the basic characteristics which these companies possess. In the second part, I will provide some guidance on what to look for in separating the “contenders” from the “pretenders”.
Naturally, the starting-point in looking at the quality of any mining company is the quality and quantity of ore in their property. The quality or “grade” of the ore will go a long way in telling us about the profitability of a miner (or the potential profitability of an exploration company).
For gold miners, the starting point would be to look at ore with 1 gram of gold per ton of ore. That's right, ore