Leverage of Explorers vs. Producers

If you bought Richard Warke's copper explorer Solaris Resources (TSX: SLS) when it went public in 2020 you are currently up by 303.33% vs. the Copper Miners ETF (COPX) up by 106.25% vs. copper up by 38.28%.

The Copper Miners (COPX)/Gold Miners (GDX) ratio is near an all-time high.

When it reverses downward, Nevada gold explorers gain by 1,000%-5,000%.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.