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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: long-gone who wrote (188)4/8/1997 11:50:00 AM
From: Ron Pitts   of 297
 
Hello Richard, I have little doubt that the majors are indeed playing the pack man part these days! They are cash rich and in the current market they can buy good solid assets for less money,time and effort than they would expend in exploration themselves.At this point the majors are the main players in the jr. market as they dearly would love to buy up assets on the cheep.Months or a couple years down the road they will be mining or building a mine on projects investors let go for a song today.They after all are in the mining bussiness and are now like the store owner who buys coffee at half price today to sale to the market full price next year,so if he can buy today at say 30% cost of goods I would fully expect them to do so there time line is longer term than invstors, thats were they make there money. Regards Ron
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