/biz/ - Business & Finance

>>57925738
as said before, anything to do with junior mining right now is a massive risk, one thats not worth attempting to get into for most people. Even with a fantastic project, great country or territory, and good staff or leadership, such projects can and do fail all the time.

Look at Pure Gold in Ontario for example. The project had incredible drill results, and appeared to have a solid team behind them to quickly develop the project into an operating mine. However, shortly after mine start up, the company ran into trouble with ore dilution and mill failures, eventually resulting in shut down and the entire company folding all in the span of 2 years after mine opening. The same property is now owned by Western Red Lake mines, who are trying again with a smaller, more focused mining method, but have also encountered the same issues as the previous operators.

Mining and exploration stocks can make a fantastic amount of money, but its becoming nearly impossible to identify which companies and projects will succeed without deep insider knowledge.

>>24104460
Wait you couldn't claim it? Why is that? Were you under a contract?
What about this Red Lake one you posted before?

>>23552454
I've discussed PGM with Pan Man a few times. He agrees that they are going to increase their mineral resources & reserves significantly in the future. I also posted that piece of news in the last thread, and goodness what great news that is indeed. Further solidifies my confidence in them. Red Lake is an amazing area for gold deposits. Pic related is a little something Pan Man found from Red Lake, you might've seen it before yourself

First for high grade ORE.