Mineral exploration is a tough business and it makes and breaks companies all the time. So, finding insights from previous explorers is critical.
J. David Lowell is known for the Lowell-Guilbert Model, a guide to large, low-grade porphyry copper deposits. Throughout his career, Lowell used this model to discover some of the most profitable mineral finds in the history of mining, such as the 1981 discovery of the Escondida deposit in Chile. Worth hundreds of billions of dollars, Lowell and his colleagues found it at the cost of $2.5 million.
In 2014, he published "Intrepid Explorer: The Autobiography of the World's Best Mine Finder", which outlines his career and many insights. However, it was on page 192 and 193, that he outlined some lessons that are valuable for any investor.
