I specialize in exploratory and junior mining companies.
Here's how the mining business goes: a company is formed, usually by professional geologists, and they stake unproved claims which they form a hypothetical rationale for why they believe the claims hold feasible resources. Then they raise some cash and do some drilling, and if the drilling looks good, they will JV with a larger mining company for further drilling and proving in exchange for a % of the project.
It takes a lot of brains and balls to make money in the mining business. And the same is true for a mining investor-he essentially makes the same bet the company is making when he buys their stock. And to make the big money, you have to be willing to buy a company who hasn't proved their claims yet. Because, if they had, you would have missed the boat.
I see that the real fortunes are not made by "beating the market"- it is about being early to the party.
The crown jewel of my mining portfolio just got some great news last week. After two years of buying stock in a company forgotten by the market, we are finally making moves in the right direction. I thank myself for having the guts and the conviction to buy this company when I did, depending only on my own judgment. I'll be buying more next week.
I also follow biotechs, being in the right biotech can be an absolute rocketship to wealth. Of all the junior biotechs out there, I have found one that I am absolutely convinced will change the world with the science they are developing. I'm buying alot of that one too, it's actually frustrating to see the stock appreciating while I'm still building my position. My belief in the fundamentals of their science is so strong that I wish the stock would tank so I could buy the F out of it. Stupid market lol
