The days of “easy money” for junior miners may be over, according to Rick Rule, president of Sprott U.S., who sees record levels of financing for even low-quality junior mining projects as a sign of caution.
“The space itself, I think is substantially overbought. The truth is, scores of companies have been able to do very, very large financings,” Rule told Kitco News.
0:18 – Sector exhibiting overbought signals
2:06 – Valuations of financings don’t make sense
4:54 – Long-term outlook
7:14 – Rotating capital into senior producers
8:30 – How Rick Rule picks “best of the best” stocks
10:56 – Digital Euro
14:09 – Digital goods vs gold companies
17:13 – Sprott portfolio rankings: “spectacular” vs “truly farcical” portfolios
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