Potential buyers should stay away if mining company’s margins don’t work at current gold levels, says Marin Katusa, head of Katusa Research. “I look for projects that have an investment payback in less than three years,” he told Kitco News at the Silver & Gold Summit in San Francisco. Katusa says to look for the lowest cost in politically-stable jurisdictions. When it comes to the gold versus bitcoin debate, Katusa admits that cryptos have taken away from the junior exploration market. “ICOs [Initial Coin Offerings] alone have raised over $2 billion. Even legends in the resource sector are looking. It’s taking money away from the juniors,” he says. His advice — invest in “a little bit of both” and “hedge yourself.”
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