If you feel comfortable with that strategy thats fine. I have...

If you feel comfortable with that strategy thats fine. I have been investing in mining shares for 25 years (other assets too, but my main interest is mining). Personally, i have found that being too concentrated can lead oneself into a trap of overestimating ones analyzing ability, especially after a couple of winners and being able to replicate success. Random and unknown events outside of control are especially prevelant in mining ( pit wall collapses, fires, underground earthquakes, new lousy management, politics, terrorists etc...) i have been in many companies that shone like gold and nothing could go wrong that turned to lead. For a recent example Dacian was previously regarded as a rock solid entity and some people all in lost huge amounts. I dont really devote all that much of my capital to hopeful speculation but do some as the returns can be well worth it. Picking the best companies i can that are making profits and have what seem good management in a down gold market has been my game. I dont expect them to be all perfect but try to use probability of success on known facts. It may not be perfect or strictly correct but i am still going.