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

To: organicgerry who wrote (2236)	3/8/2002 1:37:29 AM
From: Zardoz	Read Replies (1) \| Respond to of 39344

Are shares of Junior miners (i.e. BAY, MFL) much more risky than big cap (i.e., NEM, HGMCY) shares? YES, because NEM, ABX, PDG have an earning stream based on production levels.... MFL & BAY are more like options on properties, and only pay of if they hit pay dirt.... Few on any of the mining threads would buy options on ABX, NEM etc, but would throw thousands more into junior specs. not understanding the risk.

To: organicgerry who wrote (2236)	3/8/2002 7:29:40 AM
From: russwinter	Respond to of 39344

<I still hope to learn more about a prior question> It's a good fundamental question. I post here frequently, and if you went back to the beginning (in the biblical sense) you could probably glean the answer at least from my perspective. <Junior miners (i.e. BAY, MFL) much more risky> On a trading liquidity and "beta" basis yes, on a valuation basis I say no. Also depends on the junior, as they too are tiered: grassroots, advancing, advanced, etc.