I read Jeff Clark a lot, in the P.M., and P.M. stocks space. In the article below -- he discusses the potential for stocks of the kind that PineTree holds. He supports his "ten-bagger" call with the historical record, going back decades.
This is 13 or 14 pages printed, depending on your printer setup. The list of historical junior and explorer share prices he gives is fantastic, if you are a fan of historical analysis, as I am.
HE CONCLUDES HIS 13 PAGE ARTICLE WITH THIS:
History shows that precious metals stocks move in cycles. We've now completed a major bust cycle and, we believe, are on the cusp of a tremendous boom. The only way to make the kind of money outlined above is to buy before the boom is in full swing. That's now. For most readers, this is literally a once-in-a-lifetime opportunity.
As you can see above, there can be great variation among the returns of the companies. That's why, even if you believe we're destined for an "all-boats-rise" scenario, you still want to own the better companies.