SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bart Hoenes who wrote (6350)12/25/2002 5:04:18 PM
From: Elizabeth Andrews  Read Replies (2) of 39344
 
The range of gold investments is. There's six categories in my view and in a rising gold market you should own something in each sector, except small producers. (3)

1) Major producer- and Newmont and Barrick are the stocks to own.
2)Mid tier producer-I haven't made up my mind yet. Was thinking that Kinross or Glamis may be it. I was wrong on Glamis after the FGX takeover but it should perform very well in a period of rising gold prices. It's going into new high ground, which is a very positive sign.

3) Small producers-Avoid all small producers, that is any company with less that 200,000 oz annual production. Then you have to move to those companies with drill defined resources that are now economic or close at $350 gold.

4) Then you have to go to the companies with drill inferred resources that are not economic right now but may be at $450 gold.

5) Then you have to go the mini-mini cap companies that have good management, good exploration properties and cash in countries with acceptable risk. This latter group is where the 10 to 20 baggers reside and it is where I'm accumulating positions. These stocks are very thinly traded right now and are difficult to buy in the target range I've set for myself. I'll share these with you soon.

I have a big enough position in is Stealth Minerals, a great group 5 pick, and everyone knows on the threads that it is my number one pick in the latter category and has been for 8 months or so. Read their exec summary on the website. High risk but possible high reward.

In group 5 there's a few obvious ones that have just published ore grade drill holes. If you can't find them send me a PM.

6) ultra grassroots specs- avoid these until later in the cycle as there's no reason to own them now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News