From Brian Weepie, Analyst, Stansberry Resource Report:

It was like trying to board the subway at rush hour. I tried to make space for the new arrivals, but there was nowhere to move.

I just got back from the 2016 Prospectors and Developers Association of Canada (PDAC) Convention. Each year, this mining conference brings more than 20,000 attendees to Toronto to learn about all things resource-related. It’s the largest of its kind in the world.

The vibe of the conference was different this year. Attendance was way down. Far fewer companies were telling their stories… far fewer service providers were selling their expertise… and there was far less buzz surrounding the attendees.

That is, except for one group of presentations…

As always, the gold and silver companies’ presentations were busy… but I could always find a seat. The same with the presentations from the royalty and base metals companies.

But…