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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Comment by TENSNE1on Jul 17, 2008 12:06am
619 Views
Post# 15301186

RE: NEWS

RE: NEWSI find it very difficult to believe that EXM would ever be trading at these levels.  Personally I've been reluctant to pull the trigger but I can't see too much downside here.  I'm sure Moris will generate some cash flow (where very few juniors generate any cash flow) but of course much more cash flow will be needed to move other projects forward.

With gold possibly heading through $1000 + in the coming days and silver topping $20 and beyond maybe the whole sector will receive a bit of a boost.  At the moment though the whole junior PM sector could be described as a trainwreck at best.  I can't see much more downside from here.
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