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

To: marcos who wrote (59739)	5/27/2008 9:29:42 AM
From: Mr. Aloha	Read Replies (2) \| Respond to of 78432

Yes, that Britannia manipulation did a number on MMG in '05, teaching management a very valuable lesson. They've only had to do one placement since that one (which BTW, Britannia didn't end up getting any of), at triple the price, where they rejected the Canadian bankers' advances and instead financed with some of their top loyal shareholders. That placement allowed them to finance all the silver drilling they're currently doing. The money goes a long way with their very efficient approach, buying their own drills and training their local Mexican employees to run them as efficiently as the very expensive contractors. They have 2 shifts working 4 diamond drills, all guided by an on-site assay lab, probably all for less cost than 1 shift on 1 drill operated by a contractor, judging by the very high drilling costs discussed here recently. They really know how to get bang for their buck. They still have plenty of cash to finish the zinc fease and continue the aggressive silver exploration for a long time. Yes, Kootenay's another one that's done well managing the finances recently, with the current placement being done at nearly 2 1/2 times the placement they did just last fall. The lack of back-ins and other complexities, along with top quality, conservative management and great deposits, makes me very glad to have MMG and KTN.V as my two biggest holdings. For the juniors, I think the horrible sentiment and devastation in the sector is ending, and they'll soon start a major upward reversal. This chart of the Canadian small-cap Venture index vs. gold ratio illustrates how hard juniors have been hit recently, getting cut in half vs. the peak 2 years ago: I think this correction in the long-term bull market for the juniors will end up being one of the best investment opportunities of our lifetime. The bottom may have been put in on May 1: greatinvestments.blogspot.com .