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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.31

+2.1%

4:00 PM EST

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To: Ken Benes who wrote (38878)	8/12/1999 1:21:00 PM
From: Claude Cormier	Read Replies (3) of 116925

<<As far as the juniors go, unless you have a lot of money to put at risk, I would be very careful. >> Au contraire, if you have little money.. your best pick would be a solid junior who will be the next producer. You must look with the one with cash, no debt, ideally a senior partner and of course a large gold deposit that has the earmark of a future profitable mine once gold move back above $3.00. With this kind of selection, you can invest for the long term and be patient. The big risk is a prolonged trip below $250. Something that could last a few years... then many of the big mines you are talking about and that are not hedged enough..will go down. Not so with the juniors with no debt that are preparing for the next bull. The key in todays environment is not the size of the miner, but its balance sheet and its ability to sustain lower metal prices.

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