Investor playbook
Putting it all together: the ways to invest in a project, how juniors are valued at each stage, building a portfolio, spotting red flags, and a due diligence checklist that ties every track together.
- Ways to invest in a mining projectListed shares, placements with warrants, project stakes, royalties, streams and loans: what each one gives an investor, how and when it pays, and what it is exposed to.4 min read
- Valuing a junior at each stageBefore a study there is no cash flow to discount, so the market uses other yardsticks: cash and comparables, value per resource ounce, then price to NAV and risked NAV. Which method fits which stage, and the traps in each.4 min read
- Diversifying across high-risk projectsExploration returns come from a few outcomes, so the number of positions, how they are correlated, how they are sized and how much is kept back for follow-on rounds matter as much as picking projects.4 min read
- Red flags in management and promotionThe corporate warning signs: who runs the company, where the money goes, how the share structure is set up, and how news is presented. The companion to red flags in exploration reports.3 min read
- A due diligence checklist for mining projectsThe questions to work through before committing capital, from title and geology to environment, community, the company, the deal and the exit. Organised by topic, with what matters most at each stage.5 min read