Some key lessons on mining companies:
- They regularly withhold key information from investors.
- Technical reports should not be relied upon because many of them are disconnected with reality.
Without key information on a mine’s economics, these companies cannot be accurately valued. So… mining stocks aren’t a great place to look for longs. You might spent a lot of effort trying to value a mine and still fall short of being able to find reliable information on that mine.
On the short side, there are some opportunities.