The relative lack of new mining listings on the Toronto Stock Exchange last year – despite firmer metals sentiment – suggested the junior market was still in the early innings of a bull run, Soar Financial founder and Managing Director Kai Hoffmann said.
Hoffmann, who is also the CEO of Oreninc, a firm that tracks Canadian junior financings, said the sector’s fundraising had improved as deal sizes grew, giving companies more runway to drill and advance studies instead of living off small placements.
“The valuations are for some of the companies already extraordinary,” Hoffmann told The Northern Miner’s Western Editor, Henry Lazenby, last week at the Vancouver Resource Investment Conference. “So trying to find value is the big challenge now.”
With easy liquidity still the main swing factor for juniors, he urged investors to behave more like stock pickers than momentum chasers.
Watch the full interview below:
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