We really have to pay attention now. I'm convinced there are several home runs coming in the junior resource stocks. Gold is about to move up to a new level in my view and the pace of junior exploration is accelerating, especially for gold and especially in Canada. It's just a matter of time until we get a legitimate discovery hole and markets caps will double or triple. There's now a real shortage of good exploration companies. Money will flow to those that have the courage to buy now, in my view.
I'm sort of favoring Canada, Ontario first and BC next but the geology in the Urals is outstanding. Truth is we don't care where the discovery hole is but we want to do the research that takes the risk out of the first drill hole. After that we have to focus on the exploration model and figure out if it makes sense with respect to the geology.
This is especially powerful because we don't have the underwriter conflict that is a malady for Wall Street and elsewhere right now. We can do this on this thread if we all pitch in. Truth is the VSE is starting to look rather pristine now, as I have alluded to before.
So now that I've expleted here's my report on the TSX Venture financing's and property deals.
July 15-02
Bell Coast Capital-BCP- acquires a huge land position in Mongolia.
Anoraq news release that everyone should read. This stock should go a lot higher, in my view. I'm long as Russ is I think?
Glenhaven changes its name to Red Lake Res-RL- Must be followed.
Rubicon Minerals options the McFindlay Mine Property a former gold producer in Ontario. Has to be on the list. It's the right area with good geology.
July 16-02
Majestic Gold-MJS- 3 million spec wts@10 cents Haywood and John Tognetti involved in a major way.
NBPP Prospector Cons Res-PRR-220,000 units @ 27 censt all to Tony Beruschi.
July 17-02
Royal Victoria-RVM- options some property from Moneta Porcupine in Ontario and others. Clearly trying to accumulate land in favorable geology. Should be watched.
July 18-02
NBPP Alamos Minerals-AAS-1,050,000 units @ $0.28 of which the Prudent Bear Fund takes 700,000. This is a deal done in Feb-02 but it is an endorsement of the property that should be given top priority attention.
Property deal-Orphan Boy options a property near Siverton BC.
Property deal-Starfire Minerals-SFR- options a gold prospect in Ontario.
And, my favorite penny stock, Stealth Minerals has put a geological report of its properties on SEDAR. This is an impressive property position with what I consider outstanding geology. I'll report on this in more detail when I have time but SML should be given top priority for speculators in my view. I'm long SML of course!
Late news-JNR res reports a drill hole on Moore lake uranium property. I don't really know what this means but lets see what the market thinks in the morning. JNR is one of the few juniors able to get a major, Kennecott in this case, to drill holes in a property. Has to be something to that I think. We'll see.
Regards, Liz |
