Bitcoin Is Hurting The Junior Gold Market – Marin Katusa

Potential buyers should stay away if mining company’s margins don’t work at current gold levels, says Marin Katusa, head of Katusa Research. “I look for projects that have an investment payback in less than three years,” he told Kitco News at the Silver & Gold Summit in San Francisco. Katusa says to look for the lowest cost in politically-stable jurisdictions. When it comes to the gold versus bitcoin debate, Katusa admits that cryptos have taken away from the junior exploration market. “ICOs [Initial Coin Offerings] alone have raised over $2 billion. Even legends in the resource sector are looking. It’s taking money away from the juniors,” he says. His advice — invest in “a little bit of both” and “hedge yourself.” (show less)

Potential buyers should stay away if mining company’s margins don’t work at current gold levels, says Marin Katusa, head of Katusa Research. “I look for projects that have an investment payback in less than three years,” he told Kitco News at the Silver & Gold Summit in San Francisco. Katusa says to look for the lowest cost in politically-stable jurisdictions. When it comes to the gold versus bitcoin debate, Katusa admits that cryptos have taken away from the ... (read more)

Silver & Gold Summit 2017

Silver & Gold Summit 2017
Don’t miss Kitco News’ coverage of the 2017 Silver & Gold Summit in San Francisco, an event brought to you by Cambridge House International, in collaboration with Katusa Research. From November 20-21, speakers from around the world will address delegates on relevant topics related to the metals and mining industry. Daniela Cambone will be interviewing experts to get their exclusive insights on the gold sector and whether or not they believe the precious metals bull market is just getting started. Our coverage is brought to you by Corvus Gold, a Vancouver-based exploration and development mining company.

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