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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (3139)4/21/2002 9:48:46 AM
From: loantech  Read Replies (1) of 39344
 
Russ,
I have not done so well on the exploration fat tail plays. My problem is that I did not listen to Claude and put too large a % of cash into an early drill play or two and BAM! There went some hard earned dollars. I will still play them but after my GNG run will do so with less $$$ per play. I am stubborn so usually hold once in and the cards are turned over. Still unsure about SUL. May wait to pull the trigger until more results are in or the price goes down.
Sprott has picked up BAY and RIC. Any others? I know Prudent Bear has bought into GNG big time but am not aware of other specific names. Its a good idea though. Sprott at least seems pretty savvy. And maybe that fund, Royal Canadian I believe. Starting to see some info on them that is positive. Maybe you or Claude could throw in a comment or two here.
I may be taking the wrong approach but I do not see a need to sell MFL, CBD or ,HGC, or NDX at this point as I strongly believe they will build a mine or be taken out. WTC has great potential so its a hold. RIC and HL are two I like and are going to be there when and if the bull hits in the next few years. According to e-mails I have gotten from the Rivard brothers they feel that the type of mines that they are working, (deep vein I think) will continue to have reserves as they keep digging. HL has turned it around and is one of my best performers. When we see $7.00 plus silver Lucky Friday will be running 3 shifts and making money.HGC and NDX have great reserves and will build out mines in the next 2-3 years and Northern Canada will rock. So most of what I hold I am in love with and am going to hold for the Bull to show up at my door. Even if as Bob Johnson says we need to wait until 2006. There is a chance we could see silver over $6.00 and gold maybe to $500.00 so that would make some of these stocks well............
Tom
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