PJX Resources (PJX)

In his April 4th Discovery Watch broadcast, John Kaiser bemoans the continued grinding lower of junior resource stocks. He closely tracks the state of the junior resource area on his website KaiserResearch.com, and he does not like what he sees. Looking at the average traded price and traded value of the junior resource stocks on the TSX Venture exchange, he notes that the traded value of resource stock is a fraction of the total traded value on the exchange, with the rest being non-resource including cannabis-related stocks:

What's really discouraging is that not only is there no rise in the traded value of resource juniors, but the traded price is flat and has been flat for some time now. We are now in the 8th year of a junior resource sector bear market

For a turnaround, Mr. Kaiser is watching for developments that could get traditional mining investors excited about the group again. Mr. Kaiser identifies two key investing audiences for junior mining.

In his latest Discovery Watch episode, John Kaiser of Kaiser Research Online has mixed feelings about giant gold mergers such as the Newmont (NEM*US) - Goldcorp (G) deal announced this week. In the short-term, he sees these mega companies being less likely to help out junior explorers. However, this is not all bad. Mr. Kaiser believes standalone well-financed juniors focused on discoveries can thrive until the big companies get back to chasing juniors, likely after the real price of gold advances over the next couple of years.