"currently, the market for mineral deposits is dead. companies with excellent but 2nd tier deposits, eg, ELM, PEK, AKM, etc, are unwanted
now the gains are to be made by getting in early into 'sniff speccies', e.g. RXL, ICG, AZY, etc."
Sounds rough but generally the biggest short term gains are always made on the "unknown" HYPE plays the key as everyone runs with the "what might be" and innumerable posts to this effect are put forward by the masses. The more information that is known the more that "unknown" factor dissappears & interest fades sure a signifcant deposit (in the case of resource stocks) might come to light but from that point the time factor comes into play & the need for capital to advance it but simply uncovering a resource is still A LONG way from the dirt turning to revenue the risk factors still stand moving forward the resource is only a small part of the equation - time, capital, market. Depending on the size of a resource your probably looking at any where from 5-12 years from discovery to revenue.
If you going to ride the hype don't catch the "choo choo" late & if you want to see a very early stage discovery all the way to "potentially production" i highly suggest that you return that investment capital while the hypes running hot - don't get caught up in beleif that everytings the next Poisden flying to the moon because 99% of the time you'll be wrong - make that punt on free carry.
