RE: parlgerThis is my own opinion. #1) Management is key.
I've mentioned risk vs. reward before, and it should always be taken into account when your looking at speculative stocks. With that being said, you should be trying to look for companies that have attracted the interest of a "major", or a company that is a near term producer. After that your looking for drill results with enough acreage to be able to find more and maybe being recommended by someone like Roulston (he has EXM on his list, rated at 2bb). Now when I first bought EXM, we had the "major" interest and the acreage with some recent and historical results. The icing on the cake was getting the Moris mine (3000 t/d) which gives us potential cash flow as early as next spring. Thus, the risk has been reduced as much as possible. Being so undervalued at .30 cents, makes for some of the highest rewards you can find for the risk taken.
Although I don't own any, I like MAG for their connection with Penoles and their drill results. I like GPR and a little higher up in price, I like AGI. These don't have the same kind of rewards possible as with EXM though. As I said last night, we are already indirectly playing YLL so I'm willing to wait a little on that one and keep doing the DD on them. I like the Sierra Madres. I like to see management do what they say they are going to do. See ya, Sam.