RE: RE: RE: RE: taking another look At any rate, clearly the precious metals companies around the world are applying the meatax to their development budgets because new projects are money-losers at current metals prices.
Ironically that means that the better juniors right now are probably often the less dynamic companies. In one way I love the fact that my favorite junior Sabina is aggressively moving forward on developing their deposit, but on the other hand, I feel like, great, they are going to be developing a mine that is not viable in today's precious metals market.
Things are kind of flipped on their head. I am thinking I should now be hoping the juniors I own come out with NEGATIVE feasibility studies. Then they will have to sit on their deposits for a better day.
Eastmain just sits there, probably because it has no choice and not because it is a market ninja.
Nevertheless, that may make it the right kind of junior to own at the present time. If you believe that gold prices will go up in coming years, does anyone doubt this stock could easily rise to $1-2 per share? At 30 cents or whatever currently, that suggests to me it might be a good buy.