By Tommy Humphreys
CEO.ca
We called up Brent Cook, economic geologist and editor of Exploration Insights, for a quick conversation on the junior resource sector as we head into the summer doldrums yesterday.
(Audio MP3 download link here.)
Mining stocks are cheap but Brent’s not calling the bottom yet. “If you buy something in this market, be prepared to buy the same number of shares at half the price and have enough money to do that again, assuming your thesis holds together,” he told us.
Brent is optimistic for the good projects, however: 100 of the 1800 TSX-V companies are undervalued, he believes. Eventually, larger mining companies will need to acquire their deposits. He sees acquisitions picking up in the next 6 to 24 months.