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Reddit mentions of Barren Lands: An Epic Search for Diamonds in the North American Arctic
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We found 1 Reddit mentions of Barren Lands: An Epic Search for Diamonds in the North American Arctic. Here are the top ones.
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Oh, the stories I could tell about this subject. However, rather than get myself into trouble, I will give you a good book recommendation that chronicles the story of the search for diamonds in the Canadian Arctic. This covers some of the stuff you are asking.
You’re basically familiar with the main components already on a how to become a junior. There’s a few different pathways to actually running a junior mining company, but they all basically fall into two categories:
I’ve in been in the business since the late 90’s and have worked with majors and juniors. While I have been a self-employed consultant at times, I don’t consider myself that much of risk taker to actually start an exploration company. I’ve been around enough of these personalities and talked with successful ones and not-so successful ones to provide some high-level advice.
The tl;dr version is:
The best way I found to explain (and to relate) the junior exploration business is to think of it as a very niche branch of investing in real estate. No matter the technical details of a project, the end result is a land deal. Someone is investing capital for a piece of land that has the potential for higher economic value if developed (i.e. a mine is built).
Now comparing the junior exploration industry to real estate brings into a comparison where investment capital comes from.
Public money is basically most of the companies that set up a booth at PDAC. These companies are listed on the TSX or TSXV and are soliciting the public for investing capital by offering shares in their companies.
Private money basically comes from all the wealth management groups or hedge funds. Look up the various companies that have set up shop on Bay Street.
To access these sources of money isn’t straight forward. It does require some networking, which requires time. The other aspect is that you will need to find a lawyer that can help with drafting contracts and various other agreements.
This is how I would approach this situation if I were a 22-year-old fresh geology grad, with the intent of owning my junior mining company.
In terms of direct sources of information, Edumine.com has a lot of online coursework and webinars. I’ve taken a few and they are pretty decent. I wouldn’t spend too much money here, but if there’s a specific topic you want to learn more about, it might be worth the cost.
Sedar.com; Every publicly traded company in the minerals business publishes a NI 43-101 report on a project. If you want to get some great background info, this is a good place to go. Look up a claim map, find the company name, go to their website, find their project name, look up the NI 43-101 on that project.
Short Courses at Conferences; Roundup/PDAC/CIM and various provincial conferences will have short courses where you can get an infodump quickly on a specific topic. For instance at Roundup this year, there was a short course called “Capital Markets for Geologists”. Basically, it was a mini-mini-investment MBA for geologists in a two-day course.
There’s another subset of this discussion I haven’t even touched. Many, many junior mining companies are simply shell companies. They are only setup for accounting purposes. People play the stock market game by moving projects in and out of companies, selling and buying shares, and even changing their company name to match the investing euphoria of the day. For example, add “Cobalt, Blockchain, or Cannabis” to your company name and watch your share price skyrocket.
Anyway, there’s all I’ve got for now. I’ll pop back in periodically and see if anyone asks anymore questions.