Thursday, January 21, 2021 4:06:17 PM
He also makes a very important point in this video, that being the senior producers would like to buy good properties when they're cheap, but can't do it because of their lack of cash in a down cycle. They can only acquire those properties when the price of gold and silver move higher in price so then they can afford to buy a property that has also increased in value.
That's the way the mining industry works and why it was so smart that Keith did what he did when he bought our properties. He bought at the bottom instead of having to do what most of the big, senior producers are forced to do. Buy at or near the top.
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