Samrat Bhandari

Working for a better world

Drilling talk v. Striking gold

Today I had the opportunity to spend a good part of my day with CEO’s of various mining companies who have exposure globally.
Common lessons
1. Commodity prices have made it feasible for investors to take risk as profit margins could be as high as 400%;
2. Technological development have reduced the risk in exploration;
3. Key to success for investors is to go with management’s with successful drilling and exploration experience
4. Cash flows for supporting drilling and explorations are life blood for these businesses
5. Lot of projects come with lot of talk and no action (drilling)

An exploration company which does not drill and spends money only on expert reports is a BAD Investment

Action always have to speak louder than words! Is it not a universal truth?

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This entry was posted on June 12, 2012 by in Business, wise men said.....

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