most small cap goldies still out off favour, page-52

I dont like braggards particularly, especially about how much money they have. It's usally a sign they dont really have that much or feelings of insecurity about what they do have and how significant it is. Never mind, Bruce you have done well, 2006 was a stirling year for the market pretty much ex-gold and in a rising tide you should have done well.

Just keep in mind the contrarian view; what was last years winner is not likely to be this years winner. The game has changed and we need to change with it. Although the gold specs have been absolute resource laggards against all fundamantals (for understandable reasons with the amount on junior Oz producers going belly-up starting with Croesus) the lacky band of valuation is getting mighty stretched! Next to bolt will be quality near term producers, then quality long lead time producers then the quality explorers and then as usally happens with bubbles every man and his dog.

Play the order of this sequence right, rolling over gains into the next sector (profits duely taken) and one can envisage making a killing.

goodluck and DYOR