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Gold/Mining/Energy : Minefinders, MFL
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To: marcos who wrote (153)10/4/1998 12:46:00 AM
From: Orwell  Read Replies (1) of 578
 
Everyone is looking around for quality juniors now that gold is on the move. The seniors have already exploded. I suspect qualifying juniors must consist of the following:

The gold must be there, there must not be any disputes or litigation, the stock must be undervalued w.r.t. at least $10 per oz, the depoist must be a low cost producer, the company must have enough funding for next year+ out, and ideally the deposit isn't in some country you've never heard of, or are unsure of the political status.

Looks like MFL qualifies for ALL of the above. If gold stays strongly above $300, MFL should explode well past the $2 range, its value is also enhanced by low number of shares, so any significant interest will have to chase this small supply.

O.
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