“The problem with investing in natural resource projects, says Rick Rule, is that there’s a very low chance of success for any individual property. ‘When I was in university, some forty years ago, the experts claimed that roughly one in three thousand mineralized anomalies (exploration targets) would become a mine,’ Rick explained. ‘With those odds of success, any particular property has a pretty slim chance of being worth something. The way people are successful in this business is by identifying the opportunities with the best characteristics – and having the ability to quickly figure out what’s in the ground.'”

http://sprottgroup.com/thoughts/articles/the-hidden-edge-of-junior-mining-companies/

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