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Timestamps:00:00:00 Chapters00:00:54 Important Warning 00:01:22 Does Steve actually make money in the market? 00:06:36 Should I chase discoveries? 00:09:03 How do I know if discoveries are overpriced? 00:10:16 What potential return is enough to compensate for risk? 00:11:00 What is a real discovery?00:14:14 How many positions does Steve have? 00:14:59 How many discoveries happen every year? 00:16:38 Do you really need patience? 00:18:30 How many holes does Steve want to see to get interested? 00:23:09 Can non-geologists make money in exploration? 00:25:58 What should I pay attention to in exploration? 00:29:35 Why is it so hard to make money in mining? 00:32:57 What are the main mistakes retail makes? 00:35:12 What mistakes has Steve made? 00:38:49 How do you value a discovery properly? 00:42:19 Would he still do it this way if he wasn't a geo? 00:43:30 Does he buy all at once or does he scale into positions? 00:45:43 Does he have a higher cash position now? 00:46:34 When will Steve sell his positions? 00:49:03 Where is the next big discovery going to come from? 00:53:40 Does management matter more than the rocks? This is an conversation about investing in junior mining with Steve Todoruk.