Hi Terry:
Yes, I do. Never have in the past,....not even when I should have, but it sure makes sense to me now, particularly when one notes the heavy treasury selling, the dollar coming under pressure, etc.
Incidentally, it makes more sense to me to own junior golds with well documented reserves than physical gold or the senior golds. One can buy gold at $5 to $10 per oz. (or less) that way, and they will come alive as the gold situation improves. Also, they are not "hedged".
A few months ago I mentioned my favourite, GSL (Toronto). It has of course gone nowhere ever since. All I can say is, have a look at the company's announcements over the next few days. (g)
Also note that one of the world's largest S. African mining companies just announced a rather significant investment in a Columbian based mining play. "Columbia, you say?" (g)
I think GSL is a "no brainer" now.
I have no affiliation with this company, but know and can vouch for the quality of the players. Rovig, the head honcho, is a mining engineer's mining engineer. He has an excellent track record. He also refuses to promote in any way (which partially accounts for the bargain price). Given the rather amazing deposit that he has systematically and quietly delineated, he doesn't have to.
It is simply a matter of time before one of the larger players acquires the company. A few of them are already actively evaluating the situation.
Best, Earlie |
