The David Lin Report · Wednesday, July 8, 2026
Rick Rule estimates that approximately 85% of the 3,000 junior mining companies globally are 'valueless.' He emphasizes the need for investors to be diligent students of the market, capable of filtering out the vast majority of companies to focus on the top tier.
“We bring people down here and we work them really, really, really hard.”
“And probably 85% of them are valueless.”
“Meaning that you have to be a good enough student of the game that you throw away 85% of the companies before you find the 15% that you can focus on.”