Considering Brent Cook is only looking at explorecos, where a 99% failure rate is the norm, he must know something about geology to make money at it.

Anyway, his comment was more along the lines of "aggressive newbie investors are bombarding me with assertions about having discovered the next Witwatersrand Basin". He didn't say there was no gold, he said it would be difficult to prove up.

Dose of reality was good for the stock.