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.

http://www.theaureport.com/pub/na/14771?utm_source=delivra&utm_medium=email&utm_campaign=Final%20Gold%20streetwise-reports%2011/21/2012%2014:18:50

 

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