It is vitally important that mining companies and others who use mineral resources in their products are able to maintain stability in both price and supply, since stability is a key to keeping the economy moving forward over the long run. Many times, in a difficult economy, many investors will turn to minerals like gold and silver as a hedge against downturns in other markets. That means many companies and other investors must be able to know their investment is safe, even if they can’t keep their investments in their possession due to overhead costs or to prevent hoarding.
Mick Shmazian understands that the huge overheads associated with storage of certain minerals is very important in the decision as to whether it’s worthwhile to stockpile minerals. The constant forward march of technology means a requisite need for large amounts of mineral resources, including some that are relatively rare. That makes the prospector’s ability to locate and access new mineral deposits incredibly important. Someday, many mineral resources may be replaced, but that may be decades away, which means companies will depend on the efforts of mineral prospectors like Mick Schmazian to keep moving forward.