ASX 0.61% $63.77 asx limited

to many fly by night goldies out there

  1. 390 Posts.
    Lets be serious in todays investment climate when picking gold juniors or midtier companies the following would be some of my criteria. 1. jorc'd resource of at least 2 mill. oz. 2. Average grades of at least 10gr./ton. 3. currently producing gold with their own production facilities. 4. Money in the bank to finance ongoing exploration. With borrowing becoming more expensive and difficult how many smaller would producers will make the next step to become producers. You can't keep going back to shareholders for ever asking for money to prop exploration and infrastructure. I constantly read about gold juniors and explorers on HC threads that are going to be the next great thing and wonder how many will make it. I fully realize that HC is the home of the short term trader and many of these stocks present great trading possibilities in the short term, But how many companies can you name that fit my criteria?
 
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