FINANCIAL POST - Small Cap NewsBallanger, director of wealth management at Richardson GMP, explains, “Going back 15, 20, 30, 40 years, the TSXV had traded on a 1:1 correlation with either the oil price or the gold price… At the end of 2012, trading was around 0.71 times the gold price. We have never seen valuations like this in the junior mining sector.” Now that the weak have been culled, he expects “a normalization of the Venture Exchange’s ratio to the actual gold price. I think a realistic level would be 1.5–2.0 times the gold price.” And now to cases. Ballanger is sweet on Tinka Resources LtdV.TK (“Its Colquipucro property in Peru is a great asset…. [Its] management team in Lima has a done a superb job”),
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