How To Spot The “Fillets” From The “Hamburgers” Of Miners

Sep 26, 2018
Guest(s): Adrian Day

Miners are the “best buying opportunity in 30 years” owing to their attractive valuations, according to Adrian Day, CEO of Adrian Day Asset Management, but investors should still aim for quality, which is not necessarily linked to size, he said.
“Don’t buy a hamburger when the fillet’s on sale,” Day said, quoting Rick Rule, president and CEO of Sprott.
“The problem in the mining business is figuring out what the filet is because frankly, size doesn’t necessarily equal quality. So, at this point because everything is cheap, I would certainly be focusing on what I regard as the better quality companies, including the larger companies, even if some of the juniors look cheaper,” Day told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek. (show less)

Miners are the “best buying opportunity in 30 years” owing to their attractive valuations, according to Adrian Day, CEO of Adrian Day Asset Management, but investors should still aim for quality, which is not necessarily linked to size, he said.
“Don’t buy a hamburger when the fillet’s on sale,” Day said, quoting Rick Rule, president and CEO of Sprott.
“The problem in the mining business is figuring out what the filet is because frankly, size doesn’t ... (read more)

Precious Metals Summit 2018

Precious Metals Summit 2018
Precious Metals Summits provide a one-stop destination for institutional investors, sell-side representatives and corporate development executives from senior precious metals companies who want to be ahead of the pack in identifying the most prospective explorers and developers from around the globe. Our unique, by-invitation Summits offer delegates the opportunity to attend corporate presentations, meet one-on-one with senior management and to network in an exclusive yet warm and relaxed atmosphere.

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