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

To: Taikun who wrote (31607)	10/16/2004 8:10:55 AM
From: loantech	Read Replies (1) \| Respond to of 39344

David I think this line sums it up.<It is much easier to make it big with juniors than with options. Much much easier.> But your posts show you are a very sharp investor. You may be able to make options work where others fail. You have a good handle on options I would say. Interesting angle on ABX. WHT is one of the only stocks I ever owned options on myself and I made money but it was only luck as they were priced as junk a year or more back. I am interested in your posts on options going forward FWIW. Russ has also chimed in on options on occasion. Tom

To: Taikun who wrote (31607)	10/16/2004 10:38:15 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

That is what I think... for the past 3 years while gold moved from $275 to the current levels, junior have more than double on average while the seniors as a group have a bit less than double. If you are lucky and pick the best juniors, you got returns of 500-1000%. Juniors can perform even in bad times when gold is in a bear market. The best example I know of that is the Francisco Gold EL Sauzal discovery in 1996-1997. See the free issue on my website.