To: marcos who wrote (53736 ) 12/4/2007 9:38:05 PM From: loantech Read Replies (1) | Respond to of 78434 You can't fix stupid in the junior mining sector By Jon Nones 03 Dec 2007 at 02:58 PM Boris Sobolev of ResourceStockGuide.com notes in an article entitled, “Junior Mining Company Credibility in Question,” that the RSG Gold Exploration II Index, which consists of 26 companies with established resources having demonstrated economic viability, a performance leader until recently, has now become a laggard. The index is flat for the year, while gold is up 23%. He says investors in junior mining shares have lost confidence in the industry after Southwestern Resources’ debacle at its Boka Project, exorbitant cash costs at Gammon Gold’s Ocampo project and, most recently, NovaGold’s disaster at the now unprofitable Galore Creek. The reputation of the whole junior mining industry has come under question following these events. He advocates greater transparency and better communication with investors in order to start rebuilding trust in the industry. Credibility and the track record of the companies’ management are now more important than ever. You can't fix stupid in the junior mining sector By Jon Nones 03 Dec 2007 at 02:58 PM Boris Sobolev of ResourceStockGuide.com notes in an article entitled, “Junior Mining Company Credibility in Question,” that the RSG Gold Exploration II Index, which consists of 26 companies with established resources having demonstrated economic viability, a performance leader until recently, has now become a laggard. The index is flat for the year, while gold is up 23%. He says investors in junior mining shares have lost confidence in the industry after Southwestern Resources’ debacle at its Boka Project, exorbitant cash costs at Gammon Gold’s Ocampo project and, most recently, NovaGold’s disaster at the now unprofitable Galore Creek. The reputation of the whole junior mining industry has come under question following these events. He advocates greater transparency and better communication with investors in order to start rebuilding trust in the industry. Credibility and the track record of the companies’ management are now more important than ever.