the coming months will be very very interesting October/November/December particularly
The Junior Gold Miner ETFs (Van Eck and Sprott) will be looking to rebalance or add in October/November
I believe if we started counting from April 2021, we would be eligible for them in the criteria by then (probably the only good thing that came out of the CR).
Sprott Junior Gold Miner ETF:
On selection days existing index members of the Solactive Global Gold Explorers & Developers Total Return Index must have free float market capitalization of USD $100 million. New index members need to have a free float market capitalization of USD $200 million. Furthermore, new index members must have a minimum Average Daily Traded Value of at least USD $500,000, while existing index members must have a minimum Average Daily Traded Value of at least USD $250,000, over the past 3-month. A company in the Underlying Junior Gold Miners Index will be classified as a gold mining company if it earns over 50% of its revenue from the mining of gold.
Van eck Junior Gold Miners ETF:
Companies eligible for inclusion in Index:
- Companies that generate at least 50% of their revenues from gold and/or silver mining/royalties/streaming or have mining projects with the potential to generate at least 50% of their revenues from gold and/or silver when developed
- Market cap exceeding $150 million
- Daily average trading volume of at least $1 million and traded at least 250,000 shares per month over the last six months
I believe a storm is coming if the ETF's take us up it will, increase buying pressure and I think we scrape through with requirements if you start counting from April 2021 onwards.
