A friend got me turned on to the JV exchange a few years back with Noront and I have been an addict ever since. Noront was bad for me (I have nightmares) but I realized that there is great opportunity in the JV exchange for arbitrage. Myself as a single investor can sit down figure things out and by doing good DD can generate very good returns for myself. I can't do this buying large cap companies because they are too complex in their holdings for a single person to get a jump on the market.

Golden Hope I stumbled across a post by Hoov as I was wanting a gold play so I looked over all the gold stocks on agoracom and then started doing research. What got me to make my first purchase at around $.12 was:

1. Access is easy to the claim - I felt this was important since the stock market had just imploded and no JVs had any money. So paying $40 per gallon of diesel to run a drill I felt was going to quickly bankrupt a JV without terrific results.

2. I felt like a high tonnage low grade gold mine would be more predictible in terms of assay results. And therefore easier for me to model the value of the deposit.

3. Hoov having purchased this stock was a strong endorsement for me as well. If James West charges $39.95 per month for his news letter I would pay $50.00 per month for the Hoov Report. Probably more but I don't want him reading this post going into business and then hitting me up for $100 per month. lol

Then I became a total addict junky and started buying and buying and buying. And have never gotten that bad feeling like I was making a mistake.

I am working at spreading the word here in Cincinnati. There is actually a group of us here that activly trade on the JV but I am the only one that posts.