Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

Investing In Junior Mining Companies
Part I of an Interview with Marshall Auerback
By Kevin Michael Grace

"We want to know they can make money when copper’s at two bucks, as well as when it’s at four bucks."

http://resourceclips.com/2010/12/23/investing-in-junior-mining-companies/

Q: Wouldn’t you say that given the consolidation with the TSX and the NI 43-101 protocols, the mining business in Canada is no longer the Wild West we once associated with the Vancouver Stock Exchange?

A: I think that’s true. There’s been a serious effort to make the exchanges much more compliant with conventional regulation. We don’t think Vancouver is the cowboy market it used to be, but we think it still has an extremely valuable role in helping to develop a lot of these small caps. We think the consolidation with the TSX has helped. In the aftermath of Bre-X there was a sense you have to tighten this thing up. I can tell you from the people we deal with, there are so many more compliance forms you have to fill in and regulatory hurdles than there used to be, and that’s not a bad thing. It’s definitely changed for the better. There’s still maybe the odd fraud lurking out there—there is in any business—but it’s come miles from where it was 15, 20 or 30 years ago