Year of the Juniors
posted on
Nov 09, 2011 09:53AM
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Although he doesn't use the phrase, "Year of the Junior", Rick Rule predicts much higher share prices for junior explorer/developers sometime in the next 12-18 months. I don't know if JP is still "touting" a similar "blast-off". But, when he did, he also made a persuasive case for a major increase in M&A activity where the seniors would be gobbling up most all of the explorers that had substantial deposits, >2Moz Au.
I noticed that one of his favorite juniors, Kimber Resources, is now said to be headed for production.