You have to admire a man that’s prepared to say publically that most of the 800 junior miners listed on the ASX are worthless.
That’s what resource investing veteran Rick Rule said way back in 2013. At the time he was scouting Australia for world-class gold mining projects.
Rick is the CEO, then and now, of billion dollar firm Sprott US Holdings. The company invests exclusively in the natural resource sector.
Back in 2013, Rick Rule mention two things I found notable. One was how impressed he was with the management of a firm called Regis Resources Ltd [ASX:RRL].
He warned, though, that he thought the gold sector would get worse before it got better.
At one point in 2015, you could have picked up Regis for just over a buck a share. They hit over $6.50 earlier this year.
I guess you could say that Rick knows a thing or two about this sector.
There are around 2,300 shares on the Aussie stock market today. It’s hard to believe that around 35% of our market is made up of miners.
So how do you know which ASX gold miners are worth your time and which are ‘worthless’, as Rick Rule would say?
Let’s ask him!
Because, between us…that’s a bit above my punching level. In no way do I profess to know a thing or two about mining.
In fact, I’d say I’m the last person you should be asking about this sector.
But there is one person I’d turn to who does know a thing or two. That’s resource analyst Shae Russell.
And she’s recently been travelling across the globe to chat with people just like Rick Rule.
Yesterday, I released a video with Shae on all the exciting things she’s been discovering.
If you didn’t catch it, I’ve republished it at the bottom of this email. Since then, our publisher James Woodburn also caught up with Shae as a follow-up…and to give you a heads up of a very exciting opportunity we’re officially releasing tomorrow. Click the play button below to watch now:
She’s hell-bent on getting a glimpse into the future of mining, and tomorrow you’ll see it.
What she told me was super exciting and could change the way Aussie explorers produce our much-needed commodities.
You’re about to be MUCH wiser on this sector!
I’m sure you’ll enjoy it, too.
Until next time,