GREY:VITFF - Post by User
Post by
freequoteslon Mar 03, 2007 5:06pm
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Post# 12349380
light reading
light readingProfits of 100 - 1000 %
As said before, senior producers have to go after the juniors (details see 'Juniors in denial'), so when a junior makes a big discovery it will be in the spotlight straight away. Just to remind you what could happen with a junior making a big discovery is best illustrated with the example of Arequipa Resources in 1996. Arequipa shares were trading at 1 CAD$ just before they found 7 million ounces of Gold. Within 6 month they were taken out by Barrick Gold at a share price of +30 CAD$ , see chart below :
"If you are lucky enough to buy into an exploration company that makes a discovery, you can effectively buy your own auto teller machine. Some of these things are just phenomenally profitable." END.
Your own auto teller machine, isn't that what we all dream of ? Just buy the next Arequipa and enjoy your own auto teller machine