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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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From: TheSlowLane11/2/2011 5:29:13 PM
   of 48092
 
Rick Rule:

"I believe if current gold and silver prices hold up, and I believe they are actually going to increase, that we are going to see a rather dramatic jump higher in the prices of select gold and silver equities on a go-forward basis.

There are a variety of ways to play that. I would put together a list of senior producers that have organic growth in terms of production baked into the cake for the next three to five year time frame, growing production at better than average production cost per ounce.

The second thing to do is to make a list of junior producers that would be accretive for senior mining companies to purchase. We are going to see a tremendous consolidation phase in the mining sector....

The third way is to participate in the incredible arbitrage that you are seeing now with developmental stage gold companies that are in the advanced exploration stage or preliminary economic evaluation stage.

The increase in value that we are seeing between preliminary economic assessment and bankable feasibility study is really tremendous. We’re seeing sort of 100% increases in price or put a different way, even in deposits where we are almost certain that the reserve ounces will grow substantially.

So we are seeing anomalous softness where we are very, very likely to see strong valuations growth. These are compelling valuations that we see only very rarely.”

kingworldnews.com
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