I am Looking for Juniors, Here is What I Wish to See

Brent Cook dinner: I am Looking for Juniors, Here is What I Wish to Seeyoutu.be

Financial geologist Brent Cook dinner is not trying to purchase junior useful resource shares proper now, however he informed the Investing Information Community that he is assembling an inventory of corporations that he can pounce on when the time is correct.

“Proper now, what I am actually centered on is discovering and figuring out possibly a dozen corporations which have initiatives that might be financial, with good administration and have the cash to final a 12 months and a half minimal. As a result of I feel that is what they’ll want,” stated Cook dinner, who’s a companion at Exploration Insights with Joe Mazumdar.

Explaining additional concerning the standards which can be on his thoughts, Cook dinner stated he desires to see explorers with deposits which can be so good that they’re going to be purchased out by a serious mining firm as a substitute of getting to do the work themselves.

“So many corporations get caught into this rut of, okay, they’ve made a discovery. Now their shareholders need them to drill it out and do some type of feasibility examine on it, yada yada yada,” he defined. “That’s not the place I need to go. I would like one thing that is so good {that a} main mining firm buys it, they usually do not must construct it.”

When requested if he favors any particular commodity, Cook dinner stated copper is likely one of the higher ones, however it’s actually excessive margins that make the most important distinction. “I feel any metallic that is excessive margin, any deposit that has excessive margins, is worth it — silver, gold. I at all times like gold. It is extra the standard of the deposit versus the precise commodity,” he stated.

The time to purchase is probably not too far off. As Cook dinner commented, “I feel throughout the subsequent six months — possibly this November, December — this stuff are going to be so low-cost that it is time to step in and purchase them.”

Watch the interview above for extra from Cook dinner on how he is approaching the junior useful resource sector. It’s also possible to click on right here to learn our recap of the New Orleans Funding Convention and here for our full occasion playlist on YouTube.

Don’t neglect to observe us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the knowledge reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.