Tuesday, March 4, 2014
Brent Cook's on BNN today, and a rant after the break
Cookie Monster sent me an email (because we're buddies dontcha know) to remind me that he's going to be appearing live on BNN today, Tuesday 4 March, from 1-2PM.
Even worse, he says "you may call in (Toll Free: 1-855-326-6266), Twitter (@marketcall), or email (marketcall.bnn.ca) with questions during the show." Obviously he didn't know what he's getting himself into! So here's the deal:
I'll give a shiny 1oz silver coin* to the first reader who is able to call in or email, and get the phrase "Cookie Monster" mentioned live on BNN.**
* - Buffalo head, 1 troy oz. But I'll only give it to you in person. No mail, no paypal, no fiat - only hard money, unprintable, from my hand to yours, the way baby Jesus intended. Payment at the next PDAC or TRIC.
** - the easy way to do this would be to ask his opinion on Vantex's "Cookie Monster" property. But no I will not accept that. You will have to work harder.
And just to head off the fanboys before they post in the comments section, yes I know Rick Rule was on BNN yesterday afternoon. However, I've been thinking recently about the idea of "speaking within your competence" (due to my own impending professionalization), so I'm not interested in providing links.
See, some people in the junior mining analyst world are competent within specific fields. Cookie and (as far as I remember) Rod Stewart at Clarus are exploration geologists; Adrian Day and Ian Graham seem to be economics grads, and most people at the investment houses (and even our buddy in Peru) seem to be pencil-pushing accountants.
So Cookie is qualified and competent within geology, and therefore when he talks about geology I'm happy to listen. If Adrian Day says something within the context of macroeconomics, I'm also happy to listen (though I'm unsure how much he realizes that economics is a chaotic feedback system with multiple equilibria, and therefore simple math doesn't necessarily give you the right answer).
And if some pencil-pusher at RBC does a FCF analysis of a junior miner, I'm also willing to listen - although I know he also needs some clue about how to build a mine.
But importantly, I'm going to try in future to only listen to people who have a field of competence. Further, I only really want to listen to people who only speak within their field of competence.
This is the reason why I'd rather see Daniela interview Clive Johnson (competent at building multi-billion-dollar gold miners), Eric Fier (PDAC-recognized expert at building a mine on time and under budget), or Pierre Lassonde (dunno what he's good at, but he did invent the Lassonde Curve) - instead of clowns with newsletters who have never had a professional job in their entire lives.
Cookie actually does a really good job of only ever talking about exploration and economic geology. You can tell he understands professional ethics: a professional actually is not even allowed to speak outside their field of competence. So I'm happy to plug his appearance on BNN: he's a professional and he acts like one.
I have no clue what Rick Rule's field of competence is, but I'm sure it has nothing to do with macroeconomics or professional geology; maybe he's taken accounting classes, I dunno.
And the problem is, Rick Rule keeps opening his mouth about shit he has no idea about. So, really, there's no point in me (or you) listening to him: we can get the same level of insight on the Stockhouse boards.
So no links to Rick Rule on this blog.
PS: And yeah, my own field of competence is not geology, accountancy or economics. But you're not coming here for competence, you're coming here for abuse! You want room 12A, just along the corridor.