I post this info found on Jim Sinclair's website (he is the master educator not me), certainly seems to be a good day to share:
Question to Jim:
"My question deals with the potential of the juniors. There seems to be a consensus that a vast majority of juniors will never make it to the mining stage. In fact I read yesterday where someone said the ratio is 1 in 1000. With where you see the price of gold going ($1650) what kind of ratio do you see? Also, if they don't mine do they get sold and a larger entity takes them to mining or do they just fold up their tent? I know it would be just an opinion but I value it."
Jims Answer:
"To answer your question, the bottom line is that you have to have a combination of great properties and good people. Good people with no underlying assets are nice guys/gals going nowhere. Bad people with good properties is a break even situation at best. Good people with great properties are shots to the Moon as we move towards 2011."
I feel that we have great people & great properties, so I will be saying hello to the moon as we pass by. Patience is definately needed, just sit back and let our great people be great.
Long NOT - Long McFaulds
Cheers to all!
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