In this discussion with Maurice Jackson of Proven and Probable, I examine why resource stocks have remained weak despite strong long-term demand for metals and commodities.

The problem is not simply a lack of demand. The resource sector has repeatedly destroyed capital through overinvestment, poor projects, excessive promotion, weak management, dilution, and investor enthusiasm chasing stories rather than value.

Watch the full discussion below:

Key Takeaways

• Why resource stocks have performed poorly
• How overinvestment destroys capital in mining
• Why strong metal demand does not automatically mean strong mining stocks
• The danger of uneconomic and promotional resource projects
• How disciplined investors should think about junior mining opportunities