Pot pain prevalent at PDAC

A SOMEWHAT curious, almost schizophrenic-like PDAC get-together in Toronto has concluded with the basic underlying conditions looking to be in place for the mining sector to be flying but the junior sector in North America doing anything but.

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To sum up, commodity prices are generally excellent – as North American mining company builder Sean Roosen put it in relation to gold; “I sorry, if you can’t make money at C$1700 gold you should probably go wait in the parking lot”– but despite this equity investors in North America aren’t interested.

“The spread between commodity prices and the stocks is as large as its been in 5-6 years,” an analyst at a tier-one investment bank told MNN.

The story goes generalist money has fled the mining scene to buy stocks in the hot TSX-Venture Exchange sectors of marijuana and cryptocurrency/blockchain.

Meanwhile the resource funds still operating aren’t in any position to take advantage.