At this year’s Sprott Natural Resources Symposium, a mining expert organization discussed its investment in a COVID-19 world.
Nearly five months have passed since COVID-19 declared a pandemic through the World Health Organization, and investors are still looking to succeed over the uncertainty caused by the virus.
At this year’s Sprott Natural Resources Symposium, Randy Smallwood of Wheaton Precious Metals (TSX: WPM, NYSE: WPM), speculator Wolf Tiggre, Matt Warder of Seawolf Research and Dan Ferris of Stansberry Research participated in a panel on resources and mining. Space.
Organized through Outlook Exploration’s Brent Cook, the panel began with a discussion of participants’ perspectives on investments in the current pandemic season.
Smallwood said that from a productivity standpoint, its business has lost nothing because it was designed to be very mobile, but “face-to-face” creativity is lacking. Wheaton Precious’s most sensible precedent in this era was the protection of all its employees.
“One of the benefits of our business is that we can see how our partners handle risk, and we have a very active program on how we outd promote information, because everyone in this sector needs practices,” he told listeners of the online event. .
In this environment, it has been up to Wheaton Precious to keep abreinable about what is happening with its partners and keep its shareholders informed, Smallwood added.
“The biggest challenge I’ve ever noticed is probably due diligence regarding new investments,” he said, noting the lack of existing visits. However, Smallwood said that under pressure, balance sheets have created opportunities for Wheaton Precious to provide support.
Speaking of not being able to do it and being on the ground, Tiggre noted that while the cases were difficult, they also gave him the opportunity to buy shares he had on his grocery shopping list.
By giving investors their most productive learning point, he said, “You don’t have to pursue stocks, be disciplined.”
When asked about the chains of origin, Warder said the overall production went down.
“The challenge for source chain analysts is to locate where the bottleneck is: is it at the point of the mine as it is in Chile, or is it at the point of the port as China is right now?” He said.
Giving his attitude to investments in the existing climate, Ferris said investors deserve to have a diversified fact portfolio. “What this means is that you’re in the monetary formula and you’re outdoors,” he said. “So you’re in this with your stock and you have a lot of cash; then, outside the formula, you have physical steel and things like bitcoins.”
Changing the speed of the panel, Cook asked Tiggre to outit the uranium space.
“You have to look for what is still cheap, and uranium is still cheap, it is still in charge of production … and uranium is experiencing a significant rupture this year. But stocks are still very much for sale.”
“I love gold, I love silver, but the opposite of me is that the next purchase goes down, sell a higher opportunity, and the uranium qualifies,” he said.
Questioning his opinion on uranium, Cook asked Tiggre why he was convinced that uranium costs are about to be replaced when they are at such low levels.
“It’s vital that costs pass,” Tiggre replied. “The other point is that there is no substitution … My fear is not about the basics of uranium, but some other twist of fate (like Fukushima). I’m not very optimistic.
Cook asked Tiggre about the world’s evolution towards renewable energy, such as wind and solar.
“It makes more political sense, (but) I’m sure it makes more economic sense,” Tiggre said. “Criticism of the position of nuclear designs, I think relates to older designs, the new designs are different.”
Speaking about the opportunities in the mining sector, Smallwood said that the first thing investors want to realize is that there are times to make acquisitions and there are no acquisitions.
“Patience is one of the greatest attributes of talent in an industry like this,” he said.
For Warder, the marketplaceplace is lately in the fourth or fifth circular of the bullish marketplaceplace of valuable metals. “We’re in a year of maximum costs for valuable metals,” he said.
Commenting on this, Tiggre said that in terms of price, things can get interesting. “In terms of pricing, we can simply double or triple from here,” he said. “This comes at pretty crazy prices … we still have a long way to go.”
In the field of exploration, Cook stated that due to the threat of exposure to COVID-19, exploration was delayed.
“In addition, there are Australians who cannot return, Canadians who cannot pass and Americans who cannot pass anywhere; exploration becomes much more difficult,” he said. (As an investor), make sure you have several corporations on the diversity of lands and environments. »
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Securities Disclosure: I, Priscila Barrera, have some direct investment in a company that is discussed in this article.
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