RE: Re: NPV vs Mcap22 Nov 2020 17:16
The 3 possible fates for a junior miner as described in the article.....and guess what....we certainly are not number 1......
1.Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors.
2.The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around.
3.In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of – it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years.