Lawrence Roulston has little patience for investors without the nerves to hold onto a good thing during tough times. Gold has been the main embodiment of value for thousands of years, Roulston points out, so why should tomorrow be different?
As the price of gold rose upward, junior miners chased ounces at all costs. This was a huge mistake, says Eric Coffin, because it resulted in unexciting projects, low margins and a depressed market. New discoveries with high margins are the essence of the junior.
There are two things investors pay too much attention to, according to Dan Hrushewsky: Metals prices and grade. Why? Extremes of low and high prices never last, and high grades don't always make for economic deposits.