You cant live in the past. We are close to record highs in the gold price. A whole different landscape for high cost mines now. I have had many failures such as Croseus Mining and Monarch Resources, but also caught SBM, RMS, SLR early along the way which more than makes up for the losses. I think there is a risk of not having these smaller cap stocks because when they go the can really go. WWI got a little tickle yesterday with a similar market cap.
Ann: Corporate Presentation, page-13
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