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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Message: Junior Gold Stock Poor Performance Including Victoria Resources
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If it gives you any solace, ECU Silver (a junior exploration company) reported MASSIVE silver intercepts and their stock went down in value on the news. Junior stocks, for the most part, are at levels we haven't seen since 2006 despite the huge run up in gold bullion since then. Bad news is lethal in this environment, and good news is being ignored. Believe me, I share everyone's discontent with how these stocks have behaved. Everyone, ultimately has to make up their own decision as to what they should do with their juniors; however, I personally have no intentions of selling into weakness into companies that are actually adding resources to their company through aggressive drilling programs, but you should note that I was never smart enough (too greedy) to sell any of my Victoria Resource holdings into strength - a big mistake that I have now made twice! Fortunately I have been very successful in making profits in selling the major producers into strength, and buying their stocks into weakness, and then repeating that process many times over during the past 4 or 5 years. Regrettable, I should have done the same thing with Victoria Resources. I still believe we are in a secular bull market for gold and that its price will eventually end up several hundreds of dollars higher that its current price at $927 spot. If I am right on that account, where do you think successful junior explorations stock will be selling then - my bet is that they will be selling at much higher prices than where they are today. I am a believer that you have to buy straw hats in the winter knowing that summer will eventually come- and that is exactly what I am doing - I am adding to my holdings in Victoria when everything in its sector is out of favor - knowing that they will once again be in favor - in time. Time well tell if I am right or wrong - if right - my four year hold will pay off handsomely - it wrong - at a minimum I will have missed out on lost opportunity from other investments that I could have made.
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