A junior mine is typically a mining company with a single, small mining operation. That adds to risk, because it will need to successfully maintain production at high levels—otherwise its single source of cash flow will dry up.
Because of this, junior mining stocks are highly speculative investments, and are can easily cost you money. Investing in junior mines is risky because it’s relatively cheap and easy to launch a penny mine company and sell stock to the public. So the junior mines promotion business attracts more than its share of unscrupulous operators and stock promoters.
When investing in junior mines, we look for well-financed junior mines with no immediate need to sell shares at low prices. That’s because doing so would dilute existing investors’ interests. The best junior mining firms have a major partner who has agreed to pay for mine expansion, further drilling, or other exploration or development, in exchange for an interest in the property.
A well, when investing, we always look at the market cap of junior mines versus the estimated value of the mineral resource they have in the ground. Sometimes, a company’s marketing efforts are so successful that they drive the stock up too high in relation to the size of its ore body.
We like a junior mine’s market cap to be no more than half the value of the gold or other minerals in the ground. We assume that the company will be able to expand its ore reserves after the mine opens, but if the mineral reserves are double the junior mine stock’s market cap, it provides a margin of safety.
For more long-term investing strategies, consider following TSI Network and using our three-part Successful Investor strategy:
Most investors who successfully build wealth over the long term follow certain investing practices. Find out what they are in our FREE investing guide, The 10 Best Practices of Successful Investors.
There are a variety of ways to invest in gold, including gold bullion. However, we think the best way to invest in gold is through mining stocks—especially if their mines offer rising production and cash flow
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Some investors ask us about how to find penny stocks to watch because they think this type of speculative stock can lead to quick gains. The reality is the longer you hold penny stocks in your portfolio, the greater the chances you have of losing… Read More
It’s important to learn the key qualities of top blue chip stocks before you add them to your portfolio
You can look at blue chips as among the strongest and most secure stocks in the market. Investing in blue chip stocks can provide an additional measure… Read More
Like many commodities, gold stock prices are unpredictable. So if you plan to invest in this industry, here are some tips
The best gold stocks have strong reserves, low production costs and are already producing gold. They also have a range of development projects, but their… Read More
A sound retirement planning guide must include realistic goals, and practical decisions
If you’re heading into retirement and are short of money, you should still aim for safer investments, rather than taking one last gamble.
But above all, we recommend that you base your investing for retirement… Read More
Is silver a good investment? Only if you target silver ETFs or silver mining stocks, and follow these mining investing tips.
Is silver a good investment? Conservative investors should limit their total silver investments, as they would with any volatile commodity investment, including gold. Further, silver… Read More
TSX mining stocks are on the aggressive end of the investing spectrum—here’s how to cut their risk.
We think most investors should consider investing at least part of their portfolios in TSX mining stocks. Examples of TSX mining stocks include Hudbay Minerals (TSX symbol HBM) and… Read More
Make a wrong move, and investing in penny mines can cost you your investment.
In the 18th century, pioneer economist Adam Smith (author of The Wealth of Nations) wrote that the public tends to overvalue what he called “speculative ventures.” The world has changed a lot… Read More
Even the best junior mining stocks are risky—so it’s important to take steps to minimize that risk.
A key part of our Successful investor approach is for investors to spread their stock portfolio out across most if not all of the five main economic sectors (Manufacturing… Read More
Uranium investing can be very profitable—but you need to be aware of its unique challenges
Uranium investing might not be the first thing you think of when you think about energy investing, but we think the right stocks could add diversification to the Resources component of… Read More
Learn everything you need to know in 'Juniors to Giants: The Complete Guide to Mining Stocks' FREE Special Report from The Successful Investor.
Best Canadian Mining Stocks TSX:
Plus Gold Stocks, Canadian Diamond Mines and more.
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