Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (7629)	2/10/2003 4:01:34 AM
From: Step1	Read Replies (1) of 39344

jrhana, not commenting on your predictions for the resource sector and in particular the mining sector but I would be more specific as to the type of mining company you give as example. MFL is not a miner per se, rather an exploration company which got good drilling results recently and a very favorable resource calculation update. RDU , I don`t know. They are an exploration company arent they? My point is that explorations company can go up no matter what the price of the metal, say if they find some incredibly low hanging fruit that can provide a quick ROI in a stable mining friendly country (MFL). Of course it helps if the price of the commodity is itself going up but still they are very different animals than the companies in the HUI. just as MHO Step1

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