True, producers will benefit first, but you will rarely make...

True, producers will benefit first, but you will rarely make multiples on your investment with these, as they will already be priced accordingly. The best gains will come from small explorers that develop a good resource and graduate into a producer or more likely get bought out by a large producer looking to replace reserves.

I think I have seen you on the MML board 1and2s. I also own this producer, but if all goes well, I would expect much better gains from GMR in a rising gold market should they sure up a good resource, which looks more and more likely.