When searching for opportunities in the junior sector, we like the focus to be on quantitative and empirical data. Sure, everyone likes a good anecdote about geologists kicking over rocks in the middle of nowhere, but the truth is nothing makes us happier than cold, hard numbers.
The most difficult aspect of a company to quantify is the management team. In a previous article, we highlighted one measure that we use called the General and Administrative Expense Ratio (G&A) which ...
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