GREY:PMVGF - Post by User
Comment by
sweatmanon Oct 14, 2011 4:03pm
301 Views
Post# 19150916
RE: Doug
RE: Doug
Asante. Good to know thank you. Here is something that just wound up in my inbox:
My frustration knows no bounds. From some of my more eloquent readers I am hearing deep concern about both the macroeconomic situation as well as the trading markets, expressed in such terms as ‘the stench of fear is in the air’ and ‘the velocity of fear continues to accelerate’. The velocity of fear – indeed! The junior gold market remains the place to be, and we will get to that. But first, what is it with all of the hand-wringing over the price of an ounce of physical gold? For months we have been talking about the long-term value of the asset and I thought everyone got it. Obviously not!
When it comes to the world of junior gold companies, it now becomes important to consider a question worth asking when approaching the due diligence process – Is the company anywhere near approaching a production decision? Adding this single question into your due diligence criteria will allow you to dramatically reduce the number of junior gold companies on your list. Reason: with the prices of gold juniors at attractively low levels, why not look at bargain priced juniors that are on the cusp of production?
One such company worth your attention: TSX.V: PMV (PMI Gold Corporation).