How quickly can management build a mine? - Alex Black on long investment horizons

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When assessing a resource company, Black said that the resource, management and social license are all fundamental. Time to develop also has to be weighed. "When you buy into a company...that's not a producer, you've got to say to yourself 'Well, I'm not buying it for now. I'm buying it for what it's going to look like in six or seven years.' potential takeout takeouts. It depends on the asset."

-The gold market is holding solid gains above $2,300 an ounce, but is not seeing any new momentum, as the Federal Reserve maintains its restrictive monetary policy stance and warns that inflation remains a stubborn problem. - Silver is finding some solid support after being dragged down by gold’s sharp two-week selloff; however, some analysts have said that investors should not rule out potentially lower prices in the near term.

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