Mining stocks are cheap but Brent’s not calling the bottom yet. “If you buy something in this market, be prepared to buy the same number of shares at half the price and have enough money to do that again, assuming your thesis holds together,” he told us.

Brent is optimistic for the good projects, however: 100 of the 1800 TSX-V companies are undervalued, he believes. Eventually, larger mining companies will need to acquire their deposits. He sees acquisitions picking up in the next 6 to 24 months.

Cook’s main theme was simply for investors to take a longer view of investing in mineral deposits and ignore the short term market volatility. “Forget about the daily fluctuations and what the gold price is and ask yourself what does the word(world) look like 1, 2, and 3 years from now and plan for that eventuality.”