ThoughtsI'm starting to see a pretty crowded space in the junior gold market. There are more and more
names cropping up in the sector with nothing but a property. VSR is miles ahead of these
in terms of exploration & developement. We should be considered a prime takeover
prospect in the space and have no trouble attracting investment $ yet really haven't moved
the needle much in terms of s/p. I think its still early days in this process of evaluating and
sorting out the quality names in the juniors but rest assured, m & a is going to start accelerating.
VSR is a quality name in the sector but needs a bit more of a push. PG got a bit of exposure
on KITCO and the s/p moved however we are still way below what I think it should be at.
If gold were to break $2000, that might spur the buying that is needed to overcome these
short term day trader types and others who squash the market every time it tries to move
up. While it is a great advantage to have IMG pay for our drilling, it is a great disadvantage
to not have the control needed to move the s/p. Drilling Felix should be a positive catalyst
but obviously more patience is required.