FFX 0.00% 20.0¢ firefinch limited

bargains down under with rick rule, page-2

  1. 3,448 Posts.
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    Ok so following on from that article, below at the time was the MC's of the companies discussed, BGS tiny MC compared to others??

    PIR - $324M
    PRU - $251M
    HCH - $123M
    BGS - $14M

    ...then about a month later this comes out below

    Sunday, September 22, 2013

    How Investors Can Make 3,000% In 1 Year!

    "As I look at the landscape and see all of the obvious things that indicate a shortage of gold, and a lot of demand for silver, it would seem to me that we are going to see some serious price spikes here.

    I’m suggesting that within the next year we would see something like $2,400 (for gold). What all of that implies is the opportunity in the equity side (mining stocks) is spectacular ... There will be some (companies) that will go up 10, 20, and 30 times (in price) within a year.

    To me, those are opportunities that rarely present themselves, and I've been in this business a long, long time. I don’t even think I’ve seen an opportunity where you could imagine that within a year you could make 3,000% on something. So I think it’s a great opportunity for people."

    http://ericsprott.blogspot.com.au/

    So putting this all together you can see Sprott is not interested in short term gains, they are after big returns over a longer time frame 10 to 30 baggers. If you had to do a placement to anyone Sprott would be my pick.

    To me this additonal funds and commitment has significantly derisked my investment, looking forward to the future.
 
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