A popular belief in the world of mining investment is that small companies are a better bet than the majors, but I got a surprise this week when running an experiment into that theory because over the past 12 months the big boys have been the clear winners.
At another time in the financial cycle there might be a different result in an attempt to "build my own diversified miner", with the basis of the test being to see whether a group of medium-sized resource stocks which broadly mimic BHP and Rio Tinto in terms of what they produce could outperform the leaders.