THH – Exploration Plays: What You Need to Understand ASAP
Discussion on how most people go about investing in exploration stories, why most have a losing (or no) strategy, and how one should think to actually have the best shot at getting great long term returns.
Good article, Horseman. I would argue BCM is already post-discovery. With copper, you don’t need to wait for assays to know what you got, a good copper geo can see copper in the core and estimate grade with some accuracy visually, just by looking at the core. And this has already happened with BCM, and they have already hit economic ore, and can already tell the structure of the system. With gold, you need to wait for assays, with BCM, we already know the copper grade is high enough, the deposit is big enough, not too deep.