FROM Mineweb, RMX one of "hot" ones.. I hope so. The institutions apparently think so.. Nice when the gold funds have a look. More investing, and less trading going on, imo.
>>>>Hot Vancouver stocks
By: Nicole Mordant
Posted: 2003/06/16 Mon 14:36 PDT | © Mineweb 1997-2003
VANCOUVER – A recent retail mining conference here provided a clutch of North American fund managers, analysts and newsletter writers with a platform to advertise their current favourite stock picks.
Here is a brief list of the junior mining stocks that seemed to be on several lips. It must be noted that the market commentators who tipped the following stocks at the two-day shindig might well hold positions in them....
snippet ....
Rubicon [TSX-V: RMX]
Second only to Wolfden, this Vancouver-based junior garnered the most mentions. Over the past six years, Rubicon has built up a portfolio of gold properties in the prolific Red Lake camp, where it now has the dominant land position. It has also acquired land in Newfoundland, which has seen a gold staking rush in the past couple of years although the province is yet to produce a result good enough to excite the market.
At Red Lake, Rubicon’s chief exploration venture is the 100%-owned McFinley Gold Project,which it acquired last year. Rubicon says the project has piqued the interest of three majors although their advances have been rebuffed. Also at Red Lake, Rubicon has a joint venture with AngloGold, the South African major’s only venture in Canada. AngloGold needs to spend C$5.4 million to earn a 60% stake in the venture by 2005 but it is likely to earn the stake two years ahead of schedule. Rubicon is keen to bring in a major on its Newfoundland projects.
As a junior, Rubicon has done well to attract the interest of some of Canada's top rated gold funds as well as the Caisse de depot (the Quebec provincial workers pension fund), Canada’s biggest pension fund. Institutions collectively hold some 15-20% of Rubicon's stock and directors and management own about 13%. Management has a good track record of discovery, with Rubicon basically formed out of the Vancouver exploration office of Lac Minerals. The stock is at half the price it was at a year ago. >>>>>>>>
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