here is something to think about in terms of our CUU investment. Seems to me we get 4 out of 4, read on

This is a quote from a recent Roger Wiegand interview and the question was:

What is your strategy with juniors?

answer:

We look for the junior explorers with these criteria:

1) Superior management.

2) Well financed. (Juniors in the fall of 2012 need to be well financed because if a junior company has to go back into the market and raise more capital, it could be vulnerable.) If it's sitting with enough cash to work with a burn rate that will help it manage the business for two or three years, I think it is going to be in good shape. We have several stocks in that category in the newsletter.

3) Good geopolitics and geography. We've gotten very selective about geopolitics and geography. There is much of the world where we prefer not to go anymore. We currently favor most of Canada, part of Alaska, northeast Nevada, and we like Mexico. It is a relatively short list.

4) Proximity to a major operator. This is really important. If you're going to hang on to a junior stock and a company follows the rules, we really prefer that it's sitting next door or in close proximity to a senior miner that's in operation. Mine building is tough work. It is best to follow a successful company that has worked out the infrastructure and politics. We all know what's happened to the cost of building mines and infrastructure over the last 6 to 12 months. One of my suggested companies had an initial estimate of $95 million (M) to build its mine. It went back and reconfigured it—then all of a sudden $95M became $440M. That's a drastic increase due to inflation, availability of money and many other factors. If you have the first three criteria worked out, this point becomes critical – you need an obvious buyer for that property. We have had several examples of this situation that have worked out quite nicely.