rpm.v or Rye Patch Gold is an early stage developer in Nevada. Not sure I want to bet on low grade, large deposits. Their preliminary works indicates that the costs are low on at least one of their projects but with gold producers so cheap, it seems like they would be a better risk. They won't pop like Rye might if gold takes off but they should do well.
MGG.v Minauraum is even earlier than Rye. You are betting on the jockey here. Brad Cooke is CEO of Endeavour Silver. His claim to fame is that he bought an old mill with no reserves in an area of Mexico with lots of mining history. He was able to find more silver to supply the mill and has done quite well. He is trying something similar with MGG and gold but no real proof he has succeeded. They just raised money so expect some news from MGG.v.
Given the steep selloff in all mining stocks, I am betting on a bounce after year end tax selling. As such, I am not going to wait for financials to help my specific purchases but rather expect the whole sector to move up or NOT.
To minimize my capital but maximize the pop, I am probably going to buy options on GDXJ once I feel the worst is over for the tax selling.
It's a big risk since the options will likely be worth nothing if Gold/silver miners don't pop early in 2015.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
