Absolutely GTS. Junior explorers with already announced significant results will be the big winners.
Look for ones with cash in the bank, strong Mngmnt, and indications of at least 1 mill oz + ongoing exploration.
Stick with Aussie Companies operating in Australia.
The risks with those operating in foreign countries, particularly in Asia and Africa, are becoming too great as oil and food prices soar. Civil unrest and desparate 3rd world Governments will nationalize anything of value. They have already started. Venezuela..... South Africa can't even produce enough power to keep the mines open! Down the track the workers(ex) will be getting very hungry.
Not too many out there with over 3 million oz's but the juniors that are coming up with good drill results will be grabbed by the punters. Stick with those that are actively drilling.
KAL is only at the JORC stage and still drilling.
FishHead, PRU should do very well out of this 8 week surge. Totally agree with your comments "at shallow depth" etc but 3 mill oz's won't be needed. It's the "possibility" of 3 mill oz's that gets the punters going.
A key point to remember is "herd mentality". Once the juniors get up a good head of steam (could be within a week!) just watch all those that sold out the last 2 months come rushing back. This will see the prices run too high in time, hence the "sell late April" advice.
Then sit back on a beach somewhere exotic and wait for the big correction to make these same stocks bargains again.
We are witnessing a paradigm shift in economics. Governments, institutions, and individuals will be insuring their future with gold.
Read what the oil producing countries are doing with their income - buying gold.
Happy punting. The juniors should be odds on and yet you can get 4 to 1 or better return by late April if you play your cards right. You might even pick up an outsider that comes up trumps at 10 to 1 or better. A rare opportunity IMHO.
