http://www.juniorgold.co.uk/wp-content/uploads/Junior_Gold_FactSh...

http://www.juniorgold.co.uk/wp-content/uploads/Junior_Gold_FactSheet_201104_update.pdf

"We believe that an attractive way to capitalise on rising gold prices is to invest in small and midsized gold miners as opposed to the yellow metal itself. A rise in the gold spot price has a significant impact of the profitability of these companies, which can subsequently lead to a rerating of the shares. Even without further increases in the gold price, there are opportunities for the re-rating of junior gold mining companies shares. The key requirements for a companys success are significant reserves in the ground, cashflow growth , low debt and a proven management team with the ability to add to reserves. These companies should outperform both the market and the sector. One of the stronger performers in the Junior Gold portfolio, and currently the funds largest holding, is Focus Minerals Ltd. The company has just announced that it successfully raised additional capital to accelerate production from its latest mine as well as exploration activities in a new deposit. Production is expected to grow from the current 73k ounces per annum to in excess of 130k oz within the next two years. Economies of scale with greater production should reduce operating costs and the prospects for exploration look promising."