Marimaca eyes ASX dual listing to boost Chile project
The Canadian miner has reportedly engaged law firm Thomson Geer to finalize a prospectus for listing in the ASX before Christmas.
Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.
The problem is the market has trouble spotting the gems with high-quality assets, which often end up trading at similar valuations at the 85% of companies that are unviable at any price, Rule said.
“There is a subset of 10 to 15% of issuers in the junior sector that are very viable companies and suffer the same valuations as the lame, the halt, and the blind,” the host of the Rule Symposium told The Northern Miner’s western editor, Henry Lazenby, last week in Boca Raton, Florida.
Rule gave advice on how to spot opportunities in the juniors and discusses how metals prices influence equity valuations. He also explains how the finance landscape has evolved, and how his countercyclical investment philosophy works in the current environment.
Watch the full interview:
