Judging by the billions in shareholder value lost by miners in the past few decades, selling out is clearly not an easy decision.
Edison Investment Research analyst Charles Gibson has picked the spot for investors to get in and out, in a presentation at Mining Journal Select London.
Using as an example Australian explorer Sirius Resources, which was bought out by Independence Group in 2015, he showed that getting on board when a company hinted at a big resource could be a winning move.
"If you didn't get into these shares within the first 10 weeks of that (A6c per share) hole (in 2012), on average you made zero money," he said.
Sirius skyrocketed to $5 a share (US$5.25 at the time) in 2013 after it demo...