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‘It’s going to be asymmetric’ - Michael Gray on the coming junior resource breakout

Kitco MediaKitco Media
By Michael McCrae and Paul Harris
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(Kitco News) - Not all junior companies are going to benefit when investors return to the sector, said Michael Gray, partner at Agentis Capital.

Last week, Gray spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.

Gray highlighted key factors for evaluating junior mining stocks, emphasizing the importance of “grams times meters intercepts,” which measure the quality of gold deposits. He noted that the metric can indicate strong investment opportunities. Gray uses this metric to track and benchmark the performance of junior gold stocks.

In terms of market dynamics, Gray believes the juniors are due to make a big move due to the high gold price, but he observed that gold stocks are experiencing significant volatility. He cautioned that the sector is likely to see a bifurcation: the best-performing companies will attract substantial investment, while others may struggle.

“It's going to be asymmetric, but there's going to be the haves and have-nots,” said Gray.

Coverage of the 2024 Precious Metals Summit Beaver Creek in Colorado is sponsored by Newcore Gold. 
 

 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Paul Harris

Paul has more than 20 years of experience in the mining sector in investor relations, communications, research, and news reporting roles, and over 16 years of experience in the Colombia gold sector. Paul founded the successful CGS Copper and Gold Symposium in Colombia. He has written for the industry-leading publication ‘Mining Journal’ since 2015 and has been a Kitco Mining anchor since 2022. Previously, Paul spent five years in Chile reporting on the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.

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Michael Gray2024 Precious Metals Summit Beaver CreekPodcastsAgentis Capital

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.