Value Microcaps Junior Miners

[baystock1]

GCM.TO/TPRFF at Cambridge Vancouver show, you can hear Frank Holmes of U.S. Global say why he still likes Gran Colombia (at the 12 min mark):

-two U.S. Global funds own 15% of Gran Colombia
-Made interesting comment on the warrants. A hedge fund blowup (flatiron) was responsible for the overvaluation spike in the GCM warrants last year and was an arbitrage gift, as U.S. Global was selling the warrants at 17 cents and then turning around and buying the shares in the 30+ cents range.
-He thinks this year 2013 is when they will finally successfully execute, resulting in a positive re-rating of the share price
-GCM is valued at $10/oz whereas the average stock in the GDXJ is valued at $100/oz.
-Average producer is valued at $5000 per yearly oz of production
-quote from Thom Calandra who was also a speaker at the Cambridge show : "Frank Holmes of the Texas fund manager U.S. Global confirmed publicly that Gran Colombia Gold is perhaps "the cheapest gold company in both hemispheres." GCM is a top holding of two U.S. Global Funds. Mr. Holmes, a compelling presenter, followed our TCR presentation and clearly provided material onscreen and verbally that already is making conference attendees moola-moola."