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AGORACOM INTERVIEWS ERIC SPROTT: Eric Discusses UC Resources $1.5M Investment INTO Sprott + Current And Future Silver Path

Message: Notice of AGM...

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Re: Notice of AGM...

in response to Notice of AGM... by analogueman
posted on Apr 17, 08 08:13PM
Actually surprisingly there are plenty of juniors out there close to having a mine. That being said they are often in the same boat little or no cash. The other problem is there is a strong belief that gold will move down by this time next year and settle in the $650 range so investors are holding back on anything but "low cost" mines. The last I looked and correct me if I am wrong TLG was talking a cost of $500 plus on the gold side given the blow ups on the cost fronts these days investors including me would want to build in a at least a 20-25% cushion. Yes I realize TLG has plenty of silver however there is plenty of risk here. I am watching it closely and will sit on the sidelines for now! If things turn positive I will jump in quickly. But for now I am parking all my investment dollars in producers, near term low cost producer or near term mid-range producers with cash. I like many believers in gold piled into Goldcorp 2 years ago. More recently I piled into a few junior value plays. APG got in in the .40's they are a producer and there new mine will be up and running in a year. IAU trading in the .20's are producing at a cash cost under 400 and will have a new mine up and running in 1-2 years have plenty of cash. Ni on the nickel side will have Quebec mine up in a year and Manitoba in 2 trading in the .50 range. Continue to watch and all the best!

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