Eye of The Tiger

 

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Knowledge isn't power, applied knowledge is power. - Eric Thomas

“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

As paradoxical as it sounds: The best way to shield yourself from nasty surprises is to anticipate them.”
― Rolf Dobelli, The Art of Thinking Clearly

Mining Stocks Today

@MiningStocksHQ

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Oct 3

Wheaton Precious Metals doesn't own a mine. It's worth $62 billion. Barrick — the second-largest gold miner on Earth, with Nevada Gold Mines, Pueblo Viejo, Loulo-Gounkoto, Lumwana, 17 countries of operations — is worth $66 billion. The gap between them is $4 billion. Franco-Nevada, also mine-free, adds another $46 billion. Two companies that have never dug an ounce are worth $108 billion combined. Their model: write checks to miners, collect metal at fixed prices for decades. The market is paying almost the same for the contract as for the company holding the shovel.