Sprott Money Manager: Why Mining Investors Fail & What Works
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The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it.
The minimum risk on anything mentioned in this publication is 100% loss of capital.
Read official company filings on www.SedarPlus.ca.
Timestamps:
00:00:00 Chapters
00:00:54 Important Warning
00:01:22 Does Steve actually make money in the market?
00:06:36 Should I chase discoveries?
00:09:03 How do I know if discoveries are overpriced?
00:10:16 What potential return is enough to compensate for risk?
00:11:00 What is a real discovery?
00:14:14 How many positions does Steve have?
00:14:59 How many discoveries happen every year?
00:16:38 Do you really need patience?
00:18:30 How many holes does Steve want to see to get interested?
00:23:09 Can non-geologists make money in exploration?
00:25:58 What should I pay attention to in exploration?
00:29:35 Why is it so hard to make money in mining?
00:32:57 What are the main mistakes retail makes?
00:35:12 What mistakes has Steve made?
00:38:49 How do you value a discovery properly?
00:42:19 Would he still do it this way if he wasn't a geo?
00:43:30 Does he buy all at once or does he scale into positions?
00:45:43 Does he have a higher cash position now?
00:46:34 When will Steve sell his positions?
00:49:03 Where is the next big discovery going to come from?
00:53:40 Does management matter more than the rocks?
This is an conversation about investing in junior mining with Steve Todoruk.
