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Rick Rule: "Eventually Arithmetic Triumphs Over Narrative"

Mining Stock Daily

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Is the Junior Industry in a Bull Market?

I see advanced exploration projects with either preliminary economic assessment or a pre-feasibility study selling at 50% discounts to the indicated net present value. Of course, that's not reflected in the whole market Trevor. If you look at the whole junior market, probably 85% or 90% of the issuers have no value whatsoever. In any pricing circumstance, it doesn't mean that the prices can't go up in a bull market. I've been quoted numerous times by saying if you merged every junior exploration company in the world into one company,Junior explorco would lose between two and six billion dollars a year.

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