Sorry, but what...?Mining/exploration companies don't have...

Sorry, but what...?

Mining/exploration companies don't have to be one trick ponies... If anything, diversity in the mineralization/ore of your tenements/projects is a good thing as revenue/production won't be crippled if demand dries up. Gold is a bit different due to its intrinsic value hence why DEG is having such success with their project after their initial drill results.

For instance, Chalice (CHN) started out as a Gold Exploration company with the Pyramid Hill project but they also have Julimar (PGE-Nickel-Copper) & Hawkstone (Nickel-Copper-Cobalt).

OAR has similar diversification in their tenements while having nearology to projects that have released substantial drill results.

BRE-X was an elaborate fraud and is unlikely to ever transpire again as the sector has taken it as a learning experience to prevent recurrence.

Sure, there is still a significant degree of risk investing in these micro-cap mining exploration companies despite nearology but on the flip-side, this is where you will see the largest gains if you have the patience & drill-results are positive.