GPXM DD tidbit...Here's an excerpt as copied from the GPXM RB board..it's from Jay Taylor news letter with the focus on gold..............Excerpt
---------------------------------------------------------
In general, only after gold rises into the $300 to $350 range do I think it will make sense to begin start focusing more on the juniors. Until then, I would continue to concentrate on "A" and "B" quality issues. "A" quality issues are defined on the back page of our newsletter as companies with producing gold mines. "B" quality companies are those having either a feasibility study or a pre-feasibility study as they are defined on the back page of our newsletter.
Among the "A" quality issues the following are currently on our page sixteen list. Agnico-Eagle Mines, Aurizon Mines, Crew Development, Durban Deep, Goldcorp, Newmont Mining, Placer Dome, Repadre Capital Corp., Richmont Mines, and Royal Gold.
The only stocks on this list that we are somewhat hesitant about buying a the present time are Aurizon Mines and Newmont Mining. Our reluctance with respect to Aurizon results from declining cash flows related in large part to a declining gold production. However, given a rising gold price not only will that help increase profitability on existing production, but it will also increase the likelihood that the Casa Berardi project, which has a resource in excess of 3 million ounces will come on stream.
Regarding Newmont, we note that given the company's large debt load its debt rating has declined somewhat. However, a rising gold price will help alleviate this credit rating issues as well. Overall, I have no problem continuing to own either Newmont or Aurizon though I may be somewhat more cautious in buying them than some other "A" quality issues.
"B" quality issues on our list include American Bonanza, Canarc Resources, Coral Gold, Gabriel Resources, Golden Phoneix, Minefinders, Nova Gold, Polyment Mining and X-Cal Resources. My top five picks at this time among this group are Nova Gold, Golden Phoenix, Minefinders, X-Cal Resources and Canarc Resources.
The "B" quality issues are really the ones we need to pay closest attention to because these are the ones that will be next to make really big moves. Having projects that are ready to place into production or at advanced stages, they are likely to attract analysts and investor attention very soon, unless the recent rise in gold proves to be a false start.
"C" and "D" Quality Issues later in the Bull Market
Given our aversion to companies with less advanced stage projects, we have largely avoided "C" and "D" quality issues. In fact among the gold shares, we have only two, "C" quality issues, namely Barramundi Gold and Eaglecrest Explorations. Likewise, we have just two "D" quality issues, namely IMA Explorations and Virginia Gold. All four of these companies could have explosive percentage growth in their share prices with a rising gold price and so if gold continues to rise, we will begin to pay more attention to lesser developed companies as the price of gold rises.
Lets just hope this is not a false start. If the Republicans are true to their free market rhetoric, rather than submit to the politically expedient actions of the Clinton Administration who obviously saw fit to rig the gold price as part of the bubble stock market and strong dollar fraud, then this could be the "real McCoy."
Jay Taylor
AI
