If Eric Sprott could join in on our little brainstorming exercise, this is what he would suggest. From the Gold Report (www.theaureport.com).

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TGR: Can you share with us some of the juniors that were relatively unknown that have given you some good returns?

ES: Sure. Some of the smaller producers are CGA Mining Limited (TSX:CGA; ASX:CGX), Medusa Mining Limited (ASX:MML), Norton Gold Fields Limited (ASX:NGF), Norseman Gold Plc (LSE:NOGO.L), and Yukon-Nevada Gold Corp. (TSX:YNG). These are all very small market cap companies, but they can make significant amounts of money. You know, 100,000 ounces is $100 million in sales. It is a very simple thing to put the three zeros on the end, right? If your costs are half the price of gold (i.e., $500), you have $50 million of cash flow. With $50 million of cash flow in a stock trading at $100 million, you have a cheap investment. There are lots of those names around.

TGR: How about in the exploration space?

ES: There have been lots of interesting exploration plays, some of which are in the States. We own a little company called Romarco Minerals (TSX.V:R). We own San Gold Corporation (TSX-V:SGR), which has had some tremendous exploration. There is one in Indonesia called East Asia Minerals Corporation (TSX-V:EAS) that could be very exciting on the exploration front. Galway Resources Ltd. (TSX-V:GWY); Galway picked up the gold property south of Ventana Gold Corp. (TSX:VEN). Ventana's been one of the hottest gold stocks around and that's brought a lot of attention to Galway.