The David Lin Report · Thursday, July 16, 2026
The GDX index has fallen approximately 35% from its peak. Brent Cook suggests that while some investors focus on large companies for free cash flow, he is looking for 10x returns, implying a strategy that may involve identifying undervalued junior miners.
“Well, the GDX index has fallen about, let me just get the exact number here. I think it was 35% from the top to today. Yeah, 35% exactly.”
“Why be at the mercy of whimsical investor sentiments so to speak when I can just focus on a solid free cash flow from the large companies?”
“But, you know, I'm looking for a 10x rather than a 2x.”