📁 Research

Mining moves in life cycles. If exploration delivers promising results a plan can be developed for a mine. After confirming long term viability the mine can begin producing. Only exceptional projects advance through all the stages from prospect to production. Strategy remains the mark of distinction among the successful few.

Since junior mining companies are not covered by analysts, the limited data available must be assembled from select sources to enable comparison.

Historical Data: For projects with past production or exploration work any data compiled is useful, this can take many forms from raw data produced by former asset owners to broad geological studies conducted by academic journals.

Press Releases: This is how the company communicates results to the market. Press releases come with a cost for the company and incur significant penalties if regulations are ignored. The timing and content of press releases can cause major price movements in share price.

Technical reports: A series of reports update the progress toward a producing mine. If executed properly they signal to investors how likely the project is to advance.

Resource estimates: Contained within technical reports these calculations show with increasing accuracy what the deposit looks like and to what degree of certainty it can be assured thats really whats in the ground.

Financial statements: Companies are required to update investors on the material situation periodically. Since most companies do not have cash flow this will more be to effectively measure how well they manage funds and how likely it will be they follow through.