Dave Webb's Take on the Success of Juniors in the 1930's.

Because Jim Puplava didn't know how many gold juniors failed in the 1930's, I asked Dr. Webb.

Dave said that he sees great similarities in the economy between 1920's-1930's and now. And, that it's difficult to get enough historical data from that era to know for certain how many failed, he felt that in the beginning of that period non-producers did not do too well but ultimately did very well.

In summary, he said that initially in the early 1930's many would have stumbled, but the great Canadian gold camps like Yellowknife and Red Lake Ontario were discovered in the mid-late 1930's. They were the juniors of their time, cheap to operate that met with huge rewards when success hit. Even in the 1930's, although the price of gold was fixed, these produced made money. All flourish during the Great Depression.

(Dave, if Tyhee's share price goes any lower, I'm going into a great depression.)

Cheers,

Baires

.