Colombian Gold Rush – Brent Cook
The Gold Report submits:
New mining companies looking to benefit from the skyrocketing gold price are popping up like daisies after a spring rain, which could put you on the road to riches instead of the road to ruin. The Gold Report caught up with "Exploration Insights" writer Brent Cook at the New Orleans Investment Conference to get his take on economic viability versus geology. Cook, who is also an exploration analyst and geologist, discusses why Colombia may be more like the Yukon than investors think.
The Gold Report: More and more new gold companies are popping up as interest in gold as an investment vehicle increases. How does an investor begin to understand which gold companies are viable and which ones are just taking advantage of the building interest in gold? Brent Cook: Investors should consider that most of the new companies coming in now are trying to take advantage of the gold price. Longtime gold investor Rick Rule has a classic statement that the only thing that limits the supply of paper that the Canadian market can print is the number of trees between British Colombia and Newfoundland. To some degree, that is very accurate. I think it is important to be even more diligent in reviewing companies today. Investors should look at management, share structure and the prospectivity of the projects the companies are actually planning to spend your money on. That is key.
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Brent, Colombian, Cook, Gold, rush
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