Junior Miners Will Have to Wait Until September Before the Market Turns Around

March 11, 2014

•

1 min read

Benjamin speaks about the general disposition he noticed at this year’s PDAC. Firstly, an overwhelming amount of people were looking for jobs. Also, not much money was on the floor and the money that did exist was not friendly. Management did not seem happy and were, if anything, trying to enjoy a couple of nice drinks while they could still afford them. Switching gears, Benjamin then speaks about how the current Ukrainian situation reminds him of the Japanese tsunami, which spooked the uranium markets and in turn cratered all juniors. He concludes that we are at market bottom, and it won’t be until September before things can potentially turn around. All in all, the PDAC was useful, but not something that is going to signify the turning of the market.

)

Benjamin Cox

Managing Director of Oreninc Prior to founding Oreninc, Mr. Cox served as a senior analyst at the D.E. Shaw Group and as a consultant with the GLG Group, where he worked directly with 15 Wall Street teams in the mining deal space. Currently, he holds the position of Chief Executive Officer of Roche Bay plc, an iron ore mining company with leases in Nunavut, Canada. Mr. Cox is also the Chief Executive Officer and a Director of Aston Bay Holdings Ltd. (TSX-V:BAY), a copper and zinc company with properties in Nunavut, Canada. Mr. Cox has researched and developed business, financial, and shipping models for every major global iron ore project. He is also an expert on mining industry market dynamics and metals, with a focus on raw materials including base metals, iron ore, platinum group metals, and industrial materials such as potash and lithium. Mr. Cox holds a B.S. from Brandeis University and an M.B.A. in Finance from Portland State University.

Junior Miners Will Have to Wait Until September Before the Market Turns Around

Read Next