Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (95)	10/10/2001 5:44:17 PM
From: marcos	Read Replies (1) \| Respond to of 39344

'even a great drill hole will scarcely move the stock' - very true, but true also for the bay/fgx class, since really the only difference with them is that they've got great historical drill holes that comprise their reserves ... let's face it, we're waiting for the tide with all of them .... when the tide does come some will move faster than others though .... yeah i know what you mean A lot of them can't even get the bucks to drill - ngt.v, xcl.to, etc etc ... so it's kinda moot to many, lol ... but when they're sleeping they're easier to pick off ... and i really think a diverse basket of juniors is the way to go, avoid too much concentration on favourites

To: marynell who wrote (95)	10/10/2001 11:25:38 PM
From: Claude Cormier	Respond to of 39344

Marynell, <The time to bet on drill holes is in a wildly speculative environment, when a drill hole can move the stock up 400% in a day. > Let me remind you that BAY moved 350% in a few months during 1999 on several excellent announcement of drill results being announced, which were followed by a reserve study.. It continue to climb on these results despite gold and silver coming down big time after the Washington agreement rally. Excellent drill results always create market action. And when these confirm a large economic deposit, you always get the several hundred percent moves (assuming a junior is making the discovery). Another great exemble is Metallica this spring.

To: marynell who wrote (95)	10/10/2001 11:45:58 PM
From: TrueScouse	Respond to of 39344

Marynell: <<In these market conditions it is best to play it safe with proven deposits that are economic even at today's depressed metals prices. That is why I own BAY and FGX.>> I agree that these may be two of the "stars" of the future. I also own them. But I also believe strongly in diversification, because you never know when a company is going to hit a spectacular hole, on the one hand, or become a complete dog because of some unforeseen circumstance on the other. I've had numerous experiences of both over the years. I have positions in about 20 juniors -- not just two. When one of them has a good run -- as per MR recently -- I take some profits and reinvest them in other promising stocks that have yet to move. I'm not a short term trader. Meanwhile, I'm just building my position and waiting for the megamove in the POG, and I'm prepared to wait many years for that. If / when it happens, I think most of the stocks I own will be multi-baggers. I like SWG because of its strongly diversified pf of properties -- not because of its holding in Aurora Platinum (which I agree is currently marginal at best). In my post I was pointing out that the 9-month weakness in SWG was partly due to the poor performance of ARP. Hope this rambling post makes sense <g> Regards, Howy