Thoughts...The junior mining sector does best during times of stability, when profits are high; bellies are full and capital searches out excess return. Today, we are not enjoying the kind of stability that fuels the expansion of speculative capital, and this is being reflected in the performance of the junior mining sector. There is an abundance of uncertainty right
now, and unfortunately, uncertainty is a great killer of speculative capital
In good times and in bad, we continue to hold to the mantra that investors should focus on companies with strong, proven management teams, robust balance sheets to drill, explore, and advance projects, and high quality projects that are likely to attract new capital and potentially an acquisition bid from a larger cap producer.