leverage

Alright my tin foil plated armadillo helmet wearing bromigos I want to pick all and sundry's brains on the best way to get leverage into ASX gold juniors (on the long side).

My investment thesis is that since I've reached quite a dark stage of green each time I look at my stock account it surely must be time to back up what little of the truck remains and try to get some leverage while I'm at it. I mean (rhetorically) what's the downside from this point (excluding Goldman below the price of production muppet calls). As a thought experiment if the POG gets back to its old highs you're looking at a 50% gain. If a stock, say NCM, recovers to the old highs you're looking at a 500+% gain from here.

My first thought was company options on producers but there doesn't seem to be that many left. Either a) gold stocks have 'made it' and all the options have been exercised or expired or b) this bear market has eviscerated the remaining juniors that had outstanding options and they have delisted.

Another option would be to buy exchange traded calls but the brokerage is a killer, the coverage on juniors is non existent and you can drive a truck through the spreads.

Anyway the guys I like are the RRL, MML, DRM, SLR, EVN, KCN, OGC etc types.

I wish I had the cash to participate in private placements and get warrants but as I don't I'd like to hear what other punters are doing.

Cheers.