“Why Juniors Stand to Beat Major Miners…:” Brent Cook
Thursday, February 27, 2014 at 07:04PM
Gold Prices


Brent Cook worked alongside Rick Rule from the late 90’s to the early 2000’s at Sprott Global Resource Investments Ltd. A respected geologist and speaker, he is now the author ofExploration Insights.

“The major miners were being slammed with a falling gold price at the beginning of 2013,” he told me earlier this year. “They wanted to mitigate the damage to their share price. ‘What can we do to attract investors?’ they asked.

“Their best idea was to lower expectations as much as possible. They felt that if they lowered expectations related to production, costs and profits, then at year end they could beat, or at least meet those expectations.”

How did that work out?

“Well, to a large extent, they managed to meet or beat the lowered guidance for 2013, and the analysts were able to brag about the new numbers.

“Sort of, that is. 

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