Yes, I'm with ya ATB. These miners have a lot of ground to make up for. This fall is gonna be a HELL of a rally. The deals are now. I just can't imagine them going much lower. Even if the metals go down a little more, the miners should be able to hold their own.
I'm looking @ the PPS for a lot of mining plays during last falls rally and their corelation to the spot price @ that time. Their are a whole pile of miners priced @ pre last falls rally prices. It's insane. Spot is currently way over even last falls spot highs. Yet the miners don't reflect. I know a deal when I see one. These things are currently discounted VERY heavily. Time for record earnings to begin.
The miners have been trying to de-hedge their resources as a result of this Bull market we are in. Going to be record earnings throughout the sector, and this will draw a crowd of chasers. This Fall will be insane in my opinion. Last fall we had 30 year record highs. We will have ALL TIME highs THIS fall, coupled with record earnings from the producers. I'm building a solid porfolio of both high quality speculative plays, and some jr. Producers. I'm buying dips. One expert I respect says, "The best deals for miners moving forward the next 10 years, is right NOW." Also, "the miners are @ their best deals in the last two years.
We may have a decent window of time to take advantage of these deals, but I'm expecting a good bounce moving forward before this falls rally. El Tigre is drilling now. Continued assay result PR's expected. Now is a great time to have a look @ El Tigre.
This post is in my opinion only.
