- Timelines are guesstimations – relate to your own professional experiences
- Stop talking about cycles – the project should work under current conditions
- Track & compare Market Caps, not Share Prices
- Take the cash – Dilution isn’t always the scariest monster around
- Demand inside ownership
- Management is priority number two – Your personal network is number one
- Paying up after results is often more valuable than buying on the cheap before results
- Potential red flags mgmt didn’t flag, is a dark red flag
Add yours in the comments below.
Cheers, Pete
Nice list Pete! A couple things to add:
-“Track & compare Market Caps, not Share Prices” –> Go further and track Enterprise Value (EV). Many of the best opportunities are from cash or ‘hidden’ liquid holdings
-“Management is priority number two – Your personal network is number one” –> maybe Management #3, Personal Network #2, and your own DD #1. Sometimes even the personal network won’t agree (at least early on) for the best opportunities.
-Always question the pros –> that’s my own, and it just seems there are always exceptions to rules in the junior mining game!
Expect Surprises — “Know your limit, bet within it” as in the BC government ads on gambling addictions.