Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas who wrote (528)	10/25/1997 11:52:00 AM
From: Graystone	Read Replies (1) \| Respond to of 11676

With those facts in mind, it makes no sense at all to invest in junior companies in the exploration industry. The odds are similar for junior oils, very little chance of becoming an Amber Energy or a Gulfstream. The entire purpose of exploration is to become one of those rare companies that FINDS SOMETHING, Even better is the "FINDING THE MOTHERLODE". Diamond Fields is a classic case, the believers bought, the cautious pointed out that nobody had ever found a similar orebody in the area. When the cautious finally accepted the "story" the stock was $40.00 and rising. It split 4 for 1 at $80.00 to go to $20.00 and continued to rise until it was $44.00-post split. The returns from exploration are tremendous, the losses formidable and the excitement infectious. If BCE went up the same amount as Diamond Fields did ( after they it the ovoid )the shares would be worth almost $2000.00 dollars, fat chance of that. Risks are commensurate with rewards. Cartaway was pure HYPE, they had no results. DRZ/NAI have drilled out the most exciting 3' of core in the history of Labrador.