Benjamin Cox speaks on the state of valuations in the metals and mining space. Currently, junior companies seem to be irrational about their project valuations, whereas majors and larger companies are liquidating decent assets at fair prices and seem to have a good grasp of what their projects are worth in today’s market. Benjamin recommends juniors look at their projects by starting at zero dollars and adding or subtracting value depending on real positives and negatives to give them a basis for evaluation. Next, when finding a buyer — due to market conditions, this is harder and harder to do — it is important to not wildly overvalue projects since potential partners will just move on. Benjamin cautions that, if there is not intelligent valuation, nothing is going to happen and those without it will be left behind.
Watch on YouTube: https://www.youtube.com/watch?v=IFeRPVGee8Q