You don’t need to be a geologist to invest in mining.
There, I said it.
I’m not a geo. And I’m glad as this gives me a different perspective.
Here’s how I did it (and you can too):
1. I took several short courses:
- Mineral Exploration and Mining Essentials by Rob Stevens
- Mineral Economics by Mike Doggett
- Disclosure Essentials by PDAC
- Finance for Mining by PwC
I also did a Mining Management Diploma, a Master in Finance and an MBA but that was for the advisory side. You don’t need as much to invest (unless you crave learning like me).
2. I got some comprehensive manuals and STUDIED:
I started with Rob’s course book, also got some more (see the thread below).
But I didn’t study isolated topics.
I read and practised.
Immediately applying to a real scenario (here’s the list)
And then…
3. Started writing about it
At first, it was about simpler topics but the more I wrote, the more I understood.
There’s something about explaining a topic to others that makes it even clearer.
Then came Twitter. Whoa!
It even helped shape my criteria and thesis.
4. I read countless technical reports and disclosure codes
I familiarised myself with the NI 43101 and JORC structure and the intent of each section.
What they say and what it’s omitted is equally valuable.
(I even edited reports, working with my dad and other geologists)
5. I went on many site visits
I’ve gone to both mines and exploration* projects.
Each has a different feel.
And nothing beats seeing ‘the thing’ in real life.
Most companies have regular visits. I started with what was easiest for me, our clients and GEMERA.
*my favourites
6. I carry a geology dictionary on my phone
I migrated to Kindle ebooks over a decade ago.
When I moved to Australia, left most of my books in Mendoza at my parents’.
Love being able to look up anything, wherever I am.
(you’ll find my pick here)
7. I dissected company pitch decks as well as CEOs delivery
Both for our own process and as a judge.
I noted:
- what sounded too good to be true
- what I didn’t understand
- anything unclear
- what I despised
- what I liked
Re delivery…
8. I learned about body language and deception detection
- Read Spy The Lie
- Took Susan’s training
- Watched countless hours The Behaviour Panel on YouTube
When a CEO presents, my brain goes into ‘dual mode’.
Half listens to content, half analyses context.
9. Hardest bit? I had to believe it was possible.
I thought there was just too much to learn. I even considered doing geology!
But I’m glad I didn’t.
One day, a friend inspired me to move past preconceived notions. Took me a bit but after this switch, it all crystallised.
If you are on this path… No shame if it takes some time. I tend to take the scenic route often.
This is exactly what I did. This toolkit is a product of this journey.
Let’s go!
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Mining Investing Toolkit 