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To: Robert Dirks who wrote (557)8/8/1998 3:58:00 PM
From: Ken Clayton  Read Replies (1) | Respond to of 81114
 
One SI poster's view on the market's current valuation of the junior mining shares:
#reply-5435355
Comments any one?
 Remember,too, the jr.'s bear market is only a little less than 1 1/2 years old, if you consider the Bre-X fiasco as the beginning of what we have now. Traditonally aren't jr. bears usually around for 4 years?



To: Robert Dirks who wrote (557)8/8/1998 5:26:00 PM
From: Bill Murphy  Respond to of 81114
 
Robert,

Very interesting note.

I agree with you and I believe that quantam gains of 100 to 200% can be made in the juniors on the first turn in gold. They, then, should run into some resistance as many of them will have to issue shares for financing purposes. Many are in pretty bad shape right now. That ought to cause a pretty good correction on the first big gold pullback as panic sets in among those praying and waiting to get out. After that, sky's the limit. At least, that is what I think.

Bill