Opinion
How to cash in on mining technology
Companies that combine the booming worlds of IT and mining into a new class of “pick-tech” stock stand to benefit from growing demand.
Elio D'AmatoContributorSeasoned investors know the well-worn saying that during the gold rush it wasn’t the miners who struck it rich, rather it was those selling them the picks and shovels.
The term “picks and shovels businesses” has been the collective branding attributed to the mining services industry. However, as with most old sayings, this may not adequately reflect the nature of of things today.
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