In Junior Mining, Geology Makes the Discovery. Structure Decides the Outcome.
Most mining coverage focuses on what comes out of the ground. Investors debate drill intercepts, assay grades, strike lengths, geophysical anomalies, and resource estimates. Yet some of the largest differences in shareholder returns have little to do with geology. Two companies can make discoveries of similar quality and deliver dramatically different outcomes to investors because one discovery is spread across 25 million shares while the other is spread across 250 million.In the junior mining sector, the denominator often receives less attention than the numerator. Investors spend ...