Sprott Money Manager: Why Mining Investors Fail & What Works

❗COMPANIES MENTIONED/FEATURED IN THIS PUBLICATION HAVE NOT PAID FOR THIS VIDEO. By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication.The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.ca.Timestamps:00:00:00 Chapters00:00:54 Important Warning 00:01:22 Does Steve actually make money in the market? 00:06:36 Should I chase discoveries? 00:09:03 How do I know if discoveries are overpriced? 00:10:16 What potential return is enough to compensate for risk? 00:11:00 What is a real discovery?00:14:14 How many positions does Steve have? 00:14:59 How many discoveries happen every year? 00:16:38 Do you really need patience? 00:18:30 How many holes does Steve want to see to get interested? 00:23:09 Can non-geologists make money in exploration? 00:25:58 What should I pay attention to in exploration? 00:29:35 Why is it so hard to make money in mining? 00:32:57 What are the main mistakes retail makes? 00:35:12 What mistakes has Steve made? 00:38:49 How do you value a discovery properly? 00:42:19 Would he still do it this way if he wasn't a geo? 00:43:30 Does he buy all at once or does he scale into positions? 00:45:43 Does he have a higher cash position now? 00:46:34 When will Steve sell his positions? 00:49:03 Where is the next big discovery going to come from? 00:53:40 Does management matter more than the rocks? This is an conversation about investing in junior mining with Steve Todoruk.