Just read this article on lemetropolecafe.com (excerpts):
"Therefore I currently consider companies with healthy balance sheets (or at minimum cash flow from production and completed mining infrastructure in place) to represent safer investment opportunity. Only the robust and more outstanding development projects will attract the capital they require in these conditions – marginal projects will be shelved."
"The attractive opportunities have a signature ... There is of course another category to look at here that will not be “going to the wall” (bankruptcy) any time soon either. Underground gold miners that mill their high grade ore in close proximity to their mines, are mining at highly viable price levels. They shift lower quantities of ore so their costs are not greatly influenced by rising oil costs."
He then listed TWO Reviews ...
http://www.goldoz.com.au/fileadmin/goldoz/editorials/CTO_Editorial.pdf
http://www.goldoz.com.au/fileadmin/goldoz/editorials/Focus_Minerals_Editorial.pdf
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