Starved of cash, nearly 150 mining companies listed on the Australian Stock Exchange went into bankruptcy during the fiscal year that ended June 30. In this interview with The Gold Report, Karn shares a handful of names with the wherewithal to survive the onslaught.
Sometimes the worst of times brings out the best in people. Such is the case in Australia's mining sector, according to Richard Karn. While some companies are floundering or failing altogether, Karn has noticed a few shining exceptions.
Although miners are far more technologically conservative than oil producers, today's tough financing environment may prompt technological advancements in a sector that has historically approached processing "with brute force rather than finesse."
While markets do not always reward every deserving company, quality deposits carry an intrinsic value. That's why the managing editor of The Emerging Trends Report advises investors to "buy the resource" over the stock.
Just what are critical metals? They are sometimes referred to as "strategic" or "technology" metals, but clear definitions for these terms often prove elusive and routinely depend on to whom you're talking.