“Next Big Junior Mining Sector Move Is Up. Crash Has Already Happened” says Investor Erik Wetterling

“This sector [junior mining] when you think about it is fascinatingly dumb in a sense and so fascinatingly predictable. Because like Pierre Lassonde says it is the easiest sector in the world. His simple reasoning is that it always crashes and then always rallies. We’ve had the crash. What is the next step? We know what the next step is. The question is if we are going to be there for it. The next big move in the junior space is obviously up. I know a lot of people are worrying about the crash. But the crash has already happened,” says private investor Erik Wetterling in this MSE episode. Erik, furthermore, shares his current views on the junior mining sector and how he is managing his portfolio.

0:00 Introduction

1:06 Deploying money into the sector

5:20 Strategy for picking the right company

10:34 Choosing where you are on the spectrum of risk

16:21 Valuing exploration companies

21:25 Big targets = Big jurisdictional risk?

29:06 Portfolio Allocation

35:29 Introspection and how it’s applied to the market

46:45 Biggest lessons learned

57:18 Magna Mining

59:44 First Nordic Metals

Erik’s website: https://www.thehedgelesshorseman.com/