The Gold Report/Brent Cook interview was a brilliant piece. Trust but verify policy is the magic mantra of every mining ventures. Raise money when you can, not when you need to.
The market is indiscriminate and mostly run by people that can't differentiate between a good and bad gold property. Minerals exploration is a very tough business to understand, because you're dealing as much with information that you don't know as you do know. It's all subjective interpretations. No one really knows the geological setting beneath a particular project or what its economics will be. So lots of money will go into worthless exploration projects, for sure. That's a real danger. Something like 1,600 junior exploration companies are listed in Canada alone. I can guarantee you that not even 1% of them will find viable deposits.
- Brent Cook
Useful links:
www.explorationinsights.com
www.theaureport.com
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