Ten-Bagger Losses, ‘Spray & Pray’ Speculators & Junior Mining Insights with Bill Powers & Brian Leni

In this episode of Mining Stock Education, Bill Powers and Brian Leni each share one of their ten-bagger losses. The duo delves into the intricacies of investing in junior mining stocks through their monthly MSE chat. They tackle a listener’s question about missed investment opportunities and discuss the importance of establishing and adhering to a sound investment process. Brian shares his reasons for passing on Filo Mining due to jurisdictional risks and contrasts it with his success in investing in AbraSilver. The episode also covers investment strategies, such as balancing risk and return and the differences between conservative and speculative approaches. They analyze market dynamics, including the challenges of opaque markets like rare earth elements, and discuss the significance of due diligence, valuation, corporate transparency, and management credibility. Additionally, the episode explores the importance of learning from investment losses to refine one’s process and the contrasting approaches between “spray and pray” and targeted, strategic investing. Listen to these two full-time mining speculators share insights and reflect upon your own approach to junior mining speculation!

0:00 Introduction

0:31 Ten-bagger losses

7:39 Process modification

11:02 “Spray & Pray” vs Rifle approach

19:19 Conservative vs Speculative

22:36 Corp decks

28:10 New geological model speculation

31:43 Investing with failed management

36:50 Lower-tier management with cash

39:40 Director’s overcompensation

44:14 Pump-n-dump case study

49:22 Honorable founder’s shares escrow

52:13 Rare earths