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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: tanoose who wrote (73)3/29/1997 5:04:00 PM
From: Ron Pitts   of 297
 
fine post frank, Late last night I wrote on the Pacific Rim thread similar ideas as those you just expresed. In the great fall of 87 I held 20 mining stocks and only 4 were around come 93's run but they made me whole, my shining saveing 4 of 20 were Equinox ,A Ross Beatty company sold to Hecla, BGO,AZS, can;t recall the other one now anyways spoke about it on the pfg thread as I said late last night. That projects come and go good management, sticks with it till they score somewere.But as we both have learned by now even the strong, cashed up jr. with solid projects and good jv. major partners can take there lumps for sometime. Maybe the best bets now are(I would like to hope so cause it;s the group I mostly own) are the companys with large enough proven up deposites that they will attract a buy out from the cash rich majors.The price may not be what it would have been in a better envirorment but they will still fair out good for us. Regards Frank you as always speak with experance! ron
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