Now that Exploration Insights founder Brent Cook is starting to see the bright side of the mining equity cycle, he brought in former Canaccord Genuity Analyst Joe Mazumdar to cover developers and producers at the newsletter. In this interview with The Gold Report, the pair share observations from their recent travels and a short list of companies they are compiling to take advantage of a possible upswing in gold in all currencies.
The Gold Report: Congratulations on the new Exploration Insights partnership, Brent and Joe. How is working on the newsletter side different than the analyst side?
Joe Mazumdar: A lot of the work for a sell-side analyst involves chasing news as it’s released with little time for sober second thought. In my opinion, writing for Exploration Insights is more amenable to taking a longer look at the implications of events. The difference can be as wide as between writing for a daily newspaper such as the New York Post and for The Economist.
TGR: Do the two of you see the market similarly? In what ways do you differ?
JM: Over the past decade or so, Brent has tended to focus on lower market capitalization, low liquidity exploration companies that provide a high potential reward but with a high risk. Brent’s letter provides the subscribers of Exploration Insights the benefit of his experience to offer companies in this category that are filtered for red flags. I try to provide the same filtering for the subscribers but for higher market capitalization, more liquid developers and producers.
Brent Cook: I’ve been on a number of field trips with Joe around the world, and he is a master at looking at the financial situation behind a mine and company, plus the geology. In November, I got a lot more positive on this sector and …read more