/biz/ - Business & Finance

>>23432697
You can make fantastic gains riding the highs and lows of junior explorers if your timing is right but its very risky. You need to be in tune with the projects your buying into and understand what they are doing or talking about in pressers and on the ground. Also always remember in the real world very few exploration projects become full scale mines, this is a bit off set this time around though, far more small scale projects will likely appear from this market than in previous years.

Producers are better as they have a stable income from being a producer, however remember most producers also have exploration projects on going, either for future production or with off shoots exploring territory for other plans. All of these options though are still at the whims of the metals markets and have to plan accordingly.

As for if a company gets bought out, many things can happen. Shares in the junior often get converted into shares of the new company or are compensated for in other ways. Its usually a good thing for a company to be bought out as it usually means ramped up exploration efforts on that property or bigger plans like permitting and mining.

If your concerned about your portfolio, do your research and rebuild it. I can only go so far though, do not take my words as gospel, I am only a prospector and miner. I am not the CEO or lead geo. Do your own research and decide for yourself.

>>18292218
ok might take a bit but i can answer most of these. I ve always been interested in prospecting, I grew up hiking with my dad around abandoned mines near my home town and gold panning with friends for beer money.

On my yearly income it fluctuates a LOT. Some years are really lean other years not so much. I made 170k last year hand placer mining and leasing two properties out two larger parties. I work seasonally, I dont do it much anymore for my health but a few years ago I would spend my winters working either as a diamond driller or underground laborer at a mine in the Kootany boundary area.

In the summer an average work day varies depending on what i am doing. If i am in the bush its 8 hours, if i am doing work for others its even more varied, its mostly hauling gear around for elderly prospectors for $30 an hour, 5-6 hours daily depending on the weather.

I do not live on my claims for the most part, most of my summer is spent traveling around the province to my different claims, taking samples, delivering them to assey offices, finding lost drunken crew mates etc. I ll continue in a sec my dog wants dinner.