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The fact of the matter is, mining companies must maintain stability in order to remain profitable. In difficult economic times, investors of all types also tend to turn to minerals, especially gold and silver, as a hedge against stock and bond market downturns. Mick Shmazian knows most investors can’t keep the minerals they own in their possession, which is why most companies kind of “store” them in the ground until they are ready to extract and use them. That makes locating these resources and identifying them very important and that is what mineral prospectors do.
Mick Shmazian is well aware that huge overheads can be associated with storing and trading in minerals like those. Without pros like him, it can be far far too easy for speculators to manipulate the market. Maintaining large reserves of certain mineral resources can be critically important for maintain stable prices, which is good for everyone. Of course, the only way to accomplish that is for professional mineral prospectors like Mick Shmazian to do their job well. Comments are closed.
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