Myth-Busting: Gold Prices Rallies Not Needed To Make Money - Cambridge House International Mining Investment Conference, Expert Panel (Part 2)

Investors shouldn’t be too caught up in potential metals price rallies, since there are opportunities to make money even if prices trade sideways, this according to the panelists at the International Mining Investment Conference in Vancouver. Ivan Bebek, CEO of Auryn Resources, noted that if a miner has successful projects, market prices are irrelevant to the miner’s stock outperforming. “2014, we sold a company where we drilled 100 holes, we didn’t have a resource, amidst the bear market, for $200 million,” Bebek said. Still, some on the panel said that it depends on which metal you’re leveraged to. “There are gold companies that will double as gold moves and silver companies that will legitimately go ten times,” said E.B. Tucker, editor at Casey Research.