RE: So what your saying is sellI would disagree with your statement that most junior golds are undervalued. Let me be clear that I'm extremely bullish on this sector! However, for the value investor this market is extremely hard to find value - this market has shifted out of value and more to momentum. The market capitalizations in these companies have gone through the roof in the past 4 years. And even though it appears the sector performed badly last year the market caps more than doubled.
The reason I still like this sector even at these levels is simply because I think it will get more expensive, as it is imho that we're headed for a mania.
I think in order to make money in this market from this point you'd have to be very selective, maybe participate in a few pp's. I think Minco at these levels is a very good bet and it should be traded to lower your average cost whenever possible. I do not consider any of these companies as long-term holds once they move - but as I've witnessed it can take a long long time for a company and market to develop.
Don't forget Minco's market cap has gone from $3.5 million to the current $50 million!! I think Ken Cai has done an excellent job. For those that did short-term over pay I'd lower my average - I'm not saying I'm right I'm just saying that's what I'd do.
As for uraniums, same thing. Maybe in a couple years we'll look back and say how cheap they were at these levels. The market cap in this sector has gone from under $1 billion to over $6 billion; thus, they remain very explosive, but the real value has gone. Now you need a continued increase in uranium prices to keep these lofty prices. From what I've read I think higher uranium prices are a very good bet and that's why I continue to hold core positions in this sector, but my original investment is out.
Good luck to all longs,