Q. How to Make a Small Fortune in Mining?
A. Start with a Large One.
It’s an old cliché but very apropos at the moment. To put it in simple terms, the resource sector is beyond crap and has been for a few years.
Investors flit from one trendy idea to another gleefully proclaiming each to be the future of equity investing until the bubble pops yet again. Lithium. Graphite. Rare earths. Cannabis. Cryptocurrencies. Yadda yadda.
Sadly, they’ve all but abandoned the mining and exploration sector. The TSX Global Gold Index is sliding greasily down, inching its way inexorably to a 10 year low. The amount of investment capital available to the sector has shrunk, and as a direct result the pace of new mine discoveries has slowed to an historic low. We’re not happy.
But, fear not kind reader. Here in the UrbanCrows nerve centre we endeavour every day to cheer people up. Part of our mission is to help you forget the day-to-day. So if you are actually thinking of investing in junior mining stocks; should you wake up tomorrow and find yourself overcome with the urgent desire to piss your money down a massive drain, here, courtesy of the IKN mining blog, is a flow chart to guide you through the process of shrinking your fortune. We wish you bon chance.
