Classic Area PlayI've been playing gold stocks for quite some time, mostly out in the Yukon. I initially invested in Canaco around .20 cents and made a nice return, but didn't hold it to $6.00. I know what the potential of an area play is... very high, especially since they are sitting on quite a large mineralization. Some of the greatest investors in the world, like Jay Taylor and the Coffin brothers made a large chunk of their change on area plays. When you're sitting next to a winner, msot of the type you're going to be a winner yourself, or at least 2nd place on the podium. Canaco is sitting well over $6... Once the drills start spinning this stock can easily go to .80 on speculation. My recommendation is load up now - I have. Gold is only going to continue to go up this year... I can vouch my opinion on the fact that I am a gold investor, and I'm a jewelry manufacturer and have been following trends for quite some time.
-Millionvester