Michael Berry: When Picking Mineral Stocks, It's Management, Management, Management

TGR: In picking mineral stocks, what is the most important fundamental factor?

MB: It depends where you are in the economic cycle, but almost always, management, management, management—is the most important factor. A great management team can create value in a mediocre project. A lousy management team—there are a lot of them out there—can destroy value in a great project by diluting recklessly, by wasting money on overhead, by chasing the flavor of the day, by giving $0.05 stock to friends and family and by too much diversification with properties. So management expertise and track record are almost alwaysthe most important factors.



Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=PEM&t=LIST&m=31808771&l=0&pd=2&r=0#gQjiuASZlX5obKgz.99