Vet, DJE...
Short Jrs./Long Srs:
Like Vet, I've struggled to grasp this concept. I've assumed that:
1) the Srs. will be quickly (while the window of opportunity remains open) driven to replace their depleting in ground ozs. (due to non-investing in exploration during the lean years)
2) that producing Jrs. (AGI, GRS,KGI, SWC (Sherwood), RMK, WGW) would be drawn upward in tandem with the Srs.
3) that the late stage explorers with significant M&I deposits(ADM, MFN, MMG, NAK, OSK) would quickly follow suit
So, DJE, if I'm understanding your thesis, as the funds clear their shorts and/or public mania takes hold, these above noted (all of which I hold) will rise proportional to their M&I resource.....
Yes?
regards,
Shakes |
