Brent Cook is an independent exploration analyst with 30 years of experience in both property economics and geology evaluations. Brent received a BSc in geology from Utah State University in 1978. As a seasoned geologist, Brent's knowledge spans all areas of the mining business from the conceptual stage through to detailed technical and financial modeling related to mine development and production.
He has worked in over 60 countries and in virtually all geological environments, analyzing and providing commentary on proposed mine sites. In this Wall Street View, our host spoke with Brent Cook, Editor/Publisher of Exploration Insights at the Sprott Natural Resource Symposium 2014 in Vancouver, BC.
“I think we’ve bounced along the bottom for a while now. The fundamental issues, or the problems the industry had have not really been solved - that being making money. Profits still aren’t really there for most of the mining companies, strictly to gold companies. And until that gets solved I don’t see a lot of large institutional investors come into this,” begins Mr. Cook.
He continues, “What I do see happening is that the realization that we’re not finding enough new deposits, economic deposits, to replace what we’re mining, is going to hit next year and the year thereafter, and the small companies that are here that actually have something are going to be extremely good in retrospect, and really good purchases around now.”
Mr. Cook explains his newsletter’s success, “I love the business and my letters are about what I’m doing with my money in this sector. Nobody pays me to say anything, I have been offered to not say things a few times. It’s a technical letter based on what I’m actually doing with my money in this sector and given it’s a risk sector, I’m extremely cautious because I really hate losing money.”
He adds, “Rick gave me a minimal salary but a loan of $200,000 that I could spend and way I wanted and the profit I got from that after a bit of interest was mine to keep. So coming into this I thought this is easy, I’m going to get rich. Within a year and a half I was 90 grand in the hole, that was my lesson – that’s how I learned more about how to actually invest in this sector as opposed to just bet on the rocks only." For more information, check out his website at https://explorationinsights.com/pebble.asp
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