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7.1¢ itech minerals ltd

Ann: 182 g/t Au in Rock Chips from Reynolds Range, page-42

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barneydigs

6,663 Posts.

2065

07/07/24

14:53

Post #: 74643168
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Originally posted by kipper57: ↑

Re "explorers I look for those with moats that I think have a good chance of doubling in 1 to 2 years." my take on that is a moat is "deep and wide trench around the rampart of a fortified place (such as a castle) that is usually filled with water" in other words a safety net.

Eg if the companies mines are in an ideal proven grounds then it has a moat protection. "An economic moat is a metaphor that refers to businesses being able to maintain a competitive advantage over their competitors in order to preserve market share and profits" (Investopedia).

Thus if a miner has good cash on hand, good management and within lands with a proven history one could say the miner is surrounded by a moat.

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ok... that's cool for a miner. But an explorer?

ITM Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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