Bellow are a few interesting snippets from Mickey Fulp's article:

Mickey Fulp: " ......October is often times a bearish month. I look at the markets as still very risky but probably no more than at any time since a year before the financial crisis when the first bad subprime news started to hit the market..."

"....Also, I cover some prospect generators, such as Almaden Minerals Ltd. (TSX:AMM; NYSE:AAU). Last time I spoke with you in July, I gave your readers a sneak preview of the next company I was going to cover and that was Almaden Minerals. At the time, it was a $0.90 stock. Since that time, it has been as high as $3.36, trading today at $3. That's a plus-three bagger. That's been my big winner this year.

Millrock Resources Inc. (TSX.V:MRO) is a prospect generator in Alaska and Arizona with joint venture partners including Vale S.A. (NYSE:VALE), the giant Brazilian metal miner, and Kinross Gold Corp. (TSX:K; NYSE:KGC).

A company I've just gotten involved with is Tarsis Resources Ltd. (TSX.V:TCC). Tarsis is a prospect generator in the hottest area play on the planet—a very cold area but hot for gold—the Yukon. It just so happens to be a sister company of Almaden Minerals, which is the longest-lived and perhaps the best prospect generator in the sector.

TGR: Tell me why Millrock and Tarsis have become appealing to you.

MF: They are prospect generators and that model works very well for juniors. Essentially, assemble a very good geological team with expertise in a particular deposit type and/or area. You generate new ideas, new projects and attract joint-venture partners to explore them past the initial reconnaissance stage.

With that model, somebody else is spending their money on the company's project. Of course, the company gives up a majority amount of the project. But by doing that, it can be a zero-sum entity, taking in as much money as it puts out every year and preserving the company share structure. That adds to the longevity of the company as a viable junior explorer because it doesn't have to keep going to the market and dilute its shareholders with repeated equity financings.

TGR: What makes Millrock and Tarsis appealing among all the prospect generators you could be following?

MF: For Millrock, the management, its projects and the partners they have. For Tarsis, it is a sister company of Almaden Minerals, so it's got people who have done it before—plus, it has management that is very involved as investors in the company. What makes it particularly attractive right now are its activities in the Yukon. The Yukon has been the place to be this year.

Both companies, especially Tarsis, were sorely undervalued when I invested in them recently..."

For full text of this article see:

Mickey Fulp: Cherry Picking Undervalued Juniors
Source: Karen Roche of The Gold Report 10/20/2010

http://www.theaureport.com/lpt/na/7653

Cheers,

durban1