Michael Fowler Says Forget The Majors, Buy The Midtiers
January 22, 2015 at 07:16 AM EST
According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn. In other words, they pursued exactly the wrong strategy in the past and are now paying the piper.