Ann: Change of Director's Interest Notice, page-8

Wait... someone is claiming to be a 3rd generation miner and yet:
1. Lost 32% on WWI
2. Couldn't see AZS was thin/veiny/uneconomical nickel and got lucky with a lithium pivot.

Glad I do not have that mining experience coursing through my veins. Maybe experience in the field makes one think they actually have a clue when it plain the see luck is mistaken for intelligence. I see these sorts of people on Twitter; everyone is a genius in a bull market. Whilst a rising tide in gold/silver may lift all boats, the greater wins will be had by stock pickers.

Gautum Baid in his book, "The Joys of Compounding", did a study on commodity stocks and found that marginal producers perform best in a rising commodity price environment. I view producers with thin/negative margins and developers struggling to attract capital as "marginal".

As an example, one could have bought former uranium darling cum dog cum darling PDN for under 0.10 in 2019 for 1500-2000% return in 2023/24. Look at a 20 year chart for PDN v. uranium price as evidence of the returns available for marginal producers when the commodity price rises. Then compare the market leader, Cameco (CCJ) over the same time period where it had a 500-600% return. Clearly the marginal producer out-performed the market leader.

As such, I will stick to my algorithms and probabilities.

All imo...

PS. PDN/CCJ are only mentioned to highlight "marginal producers v. market leaders" and do not represent a cross-promote. DYOR