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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (12546)	6/2/2006 11:44:16 AM
From: E. Charters	Respond to of 78417

At any rate ours was a sweeping statement. What is probably more accurate is that few if any brokerage houses per se employ a research department that is seasoned in exploration potential ore body evaluation from a mining engineering perspective, taking into account metal price regimes, costs, and markets. A few houses such as Westwind capital employ engineers and geos, but they are not retail brokers. The depth of industry savvy people in CDN paper markets "is not in", to coin a phrase. The retail brokerages could counter that they cannot maintain experts for every industry, there are plenteous consultants available which the customer/issuer can avail himself of, and it is the market that establishes worth. However for a mining country such as Canada, that is a weak argument. As well they make that market and all they need to do that is the knowledge that the company will make money and is salable into the market perforce. EC<:-}