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'Hope is not a strategy'

Having been in the industry for just over 30 years, mining engineer-turned analyst Kerry Smith has seen the boom and bust before. Now vice president and senior mining analyst at Haywood Securities, he separates the wheat from the chaff on a daily basis.

'Hope is not a strategy' 'Hope is not a strategy' 'Hope is not a strategy' 'Hope is not a strategy' 'Hope is not a strategy'

Kerry Smith thinks companies always go into a cycle with too much debt on their balance sheets

Mining Journal: Has investor sentiment improved so far this year?

Kerry Smith: I think it is modestly better in the gold space, yes.