RE:ERIC SPROTT $$$$$
Eric has been spreading his vast fortune far and wide the past four years or so, in the belief the entire junior explorer/developer market is due for a major upward revaluation due to decades of underinvestment in mineral exploration. And he diversifies knowing that many will hit snags - permitting, geology, mineralogy, financing difficulties, who knows ... risky business all around. But his is definitely smart money worth following. You could do a lot worse than looking at every junior he is now an insider of, and picking your favorite half-dozen or so based on your inclinations about their projects, the jurisdiction, stage of exploration. He's got a toe deep into the Three Amigoes (Tudor/Teuton/American Creek) Treaty Creek project in B.C. worth a good long look if you believe in the gold market.
But Mongolia ... I ache to be paid out and exit after all the tiresome drama and sleazy lying and shakedowns over the past two decades. The country is blessed with incredible mineral resources but they have completely destroyed any good faith or trust from me. I want out. They are going to pay a financing premium for years on international financial markets because of their behaviour, and every project will always have a "Mongolian Politics" discount applied. Short-sighted and greedy, but there we are.
cg