tennorio

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    • Fri Apr 4th 14:51 PM | Rating: 0 0
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      Why Gold Juniors Have Not Yet Popped
      About four years ago I finally met the family of my wife's favorite cousin, at the wedding of her son that took place in western Newfoundland. He's a geologist who works for a junior gold company with main operations in the Red Lake gold field of northern Ontario. Basically, he drills holes.
      Out of curiosity I bought shares in the company, Rubicon Minerals (AMEX RBY) for $0.96. Over the course of my investment the shares have just about doubled, including the spin off of two companies. One is a major interest in a copper mine in the Congo. The other has found promising mineral deposits in Newfoundland.
      So it is possible make profitable investments in junior mineral exploration companies. But maybe I just got lucky in terms of my wife's relatives.
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