>>60888808
>The big % gains are in miners though.
Some of the juniors may do a 20x+. Don Durrett & Francis Hunt talk about a junior that was unprofitable at $35, break even at $39 and expected to be wildly profitable at $50 silver. Durrett claims it's a sure thing 15x, and maybe it is.

I'm not interested because we're old enough that we will take a reduced upside in exchange for zero downside. The CEO of that company may be a great guy, or he may be a sociopath who paid Durrett $20k to pump his bags and pull a Bre-X Same thing for the Dolly Varden Jeet.

The company may be a great value with great ore bodies, but I am inherently untrusting of anyone who spends so much money on paid self promotion, let alone an Indian.

https://youtu.be/gLRCIQgChkE

https://www.youtube.com/results?search_query=Shawn+Khunkhun

Is there anything inherently wrong with juniors? NO. SOME of them will make their investors quite wealthy. Am I, as an old fuck willing to do a high risk gamble to try an win big? No. We do have Agnico, Hecla, First Majestic, Fraco Nevada, etc.

We'll be very lucky to see even a 5x gain. in a silver/gold bull market, but we also have almost zero chance of losing our principle.

The ONLY 100% sure thing is physical possesion of PMs.