⛏ Many Opportunities, Not Enough Dough

Greetings Contrarian, 

This is The Next Big Rush, your daily drop of mining / energy news, even when we're presenting at VRIC .   Where we come together in person sometimes. 

Dear Undecided Opportunity Finder,

You and I share the same challenge.

The truth is, if you are extremely concentrated in one thesis only, you'd better have a level of confidence in that thesis that surpasses your fear.

At the end of the day, we naturally end up choosing a particular type of company of niche, commodity, etc. That's not necessarily bad - as long as you are playing with money you can afford to lose and you don't mind the swings as the thesis plays out.

At the end of the day, you must ask:

• Are my expectations realistic?

• Has this happened before?

• What's different this time?

I see a lot of people having wild expectations, thinking they're going to get a 10 bagger out of a company where the management is clearly more interested in playing golf than advancing a project. That's a problem.

Go deeper in the filings and historical / charts / calculations of value of your companies and you will find varying levels of quality.

It's good to, every quarter or so, build a "case" for why you believe each stock you hold is, and this is key, undervalued. If you can't, you know what to do.

Happy speculating, 

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.