‘It’s going to be asymmetric’ - Michael Gray on the coming junior resource breakout

Not all junior companies are going to benefit when investors return to the sector, said Michael Gray, partner at Agentis Capital. 

Last week, Gray spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado. 

Gray highlighted key factors for evaluating junior mining stocks, emphasizing the importance of “grams times meters intercepts,” which measure the quality of gold deposits. He noted that the metric can indicate strong investment opportunities. Gray uses this metric to track and benchmark the performance of junior gold stocks.

In terms of market dynamics, Gray believes the juniors are due to make a big move due to the high gold price, but he observed that gold stocks are experiencing significant volatility. He cautioned that the sector is likely to see a bifurcation: the best-performing companies will attract substantial investment, while others may struggle. 

“It's going to be asymmetric, but there's going to be the haves and have-nots,” said Gray.

Coverage of the 2024 Precious Metals Summit Beaver Creek in Colorado is sponsored by Newcore Gold. 

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.