Whitten agrees with what Under the Radar has often said, that the quality of the project is the key when deciding whether or not to purchase a mining stock. This is a very important point at this moment, because many stocks in the sector are getting smashed because they will have to raise more than their market cap in funds in order to develop a project. Says Whitten:
“The way to make money is to find companies with outstanding ore bodies, and you decide whether its high quality. After that you look at management.”
Quality is a subjective thing. Find out in the next issue of Under the Radar (Thursday 23 August) what David’s definition of quality is, and where he is putting his fund’s money.
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