Rowingboat, I don't live in Oz ATM so I can't just nick off and...

Rowingboat, I don't live in Oz ATM so I can't just nick off and visit mines although I would like to. I have a number of shares in companies you mention...TRY, HEG and MCO. I have some FML bought last week which are in the same category maybe as ATV in that it has had to hedge small to get finance but should get rid of its hedge in under 2 years. CTO's problem from this thread is one of credibility, so in my book is it more of a gamble than the others ? I am trying to reduce the number of stocks in my portfolio down to ones that have the best credentials. The only one that has done ok recently is KCN. But I think we are now close to the end of the downtrend in the PM sector. Jim Sinclair put out a list of criteria for owning juniors, but it is a hell of an ask to tick off every item, but maybe it is necessary ! The following is the list:-
1 Management ethics, found out by checking litigation, criminal and credit records. All this information is now easily attainable.
2 A property or properties with outstanding upside promise sustained supporting data.
3 History of success both on the ground (properties to mines) and in the financial markets (stock performances of at least 10 to 1 value).
4 Strong hands on board
5 Key man insurance
6 Order of succession in place.
7 No anti-takeover devices written into the indenture of your certificate.
8 Availability of knowledgeable person in the company to speak with.
9 You retain a property-qualified geologist to perform a desk review of all exploration, development and production information at company headquarters.
10 A property visit by this consultant if the position is to be of significance.
11 The company has access to financing.
12 The company has used financial restraint, therein having control over insider options, preferably none.
13 The company has no warrants outstanding.
14 A significant short position at this time is highly desirable.
15 The market must be liquid so therefore some respectable listing is preferable.
16 Preferably not listed on the Frankfurt Bremen Exchange.
17 Key executive and board members hold a reasonable amount of shares.
18 Goodly number of stockholders.
19 Owned by but not primarily owned by some respected fund interest.
20 Preferably not in any index.
21 The company has a good Sarbanes Oxley program with financial checks and balances.
22 Audited by a respectable firm with special attention to who does the subsidiary audits if offshore to the venue of incorporation and trading.