Lawrence and Al chat about where to be investing your cash
Al Korelin sits down with Lawrence Roulston of Resource Opportunities in New York. Lawrence and Al discuss where they believe that the undervalued companies are in this down market.
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Renowned mining industry expert Lawrence Roulston brings you a wealth of mining investment insights in his mining investment newsletter, Resource Opportunities. In fact, from 2008-2011, his average mining stock gains exceeded 560%.
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Thank you Dai Uy,
Big Dawg
Hi Al. . . .
When Lawrence Roulston cites mining shares net asset values trading at 0.75 per share verses 1.5 in the past, are the assets being valued “proven reserves” or are “indicated and inferred” reserves being included at their industry standard discount to a proven reserve? It seems to me that some exploration mining company shares that have only indicated reserves plus hope and a prayer deserve their share price, especially if they have less than several million in cash for drilling. They all hope they will be bought out by a major, but these small exploration companies are like mosquitoes in in the Canadian summer. . . lots of high pitch buzz, but only a tiny bite.
Afternoon Pixelbill,
I believe that Lawrence is referring to “hard” numbers.
In some cases we have companies trading at their “cash in the bank” values or less.
It is an interesting environment, but it is also a very dangerous environment where investors must separate the wheat from the chaff!
Best,
Big Al
A lot to be said about being an hour too early rather than a minute too late…excellent interview!