Re: Junior gold index...soon available for everyone
in response to
by
posted on
Jun 18, 2009 05:38AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Word is slowly getting out on Gold Jrs and it seems mainstream media is warming to gold is good. This is from today, no mention of SGR but we already know it's in there.
NP says Detour, others in McEwen's junior gold index
Detour Gold Corp (C:DGC)
Shares Issued 45,194,696
Last Close 6/17/2009 $11.94
Thursday June 18 2009 - In the News
Also Rubicon Minerals Corp (C:RMX) In the News
Also Osisko Mining Corp (C:OSK) In the News
Also Fronteer Development Group Inc (C:FRG) In the News
The National Post reports in its Thursday edition that former Goldcorp boss Rob McEwen and his team at McEwen Capital have launched a junior gold index. The Post's Peter Koven writes Mr. McEwen's index is believed to be the first true proxy for how the junior gold sector is doing. Mr. McEwen hopes to eventually do much more with it. Initially, the McEwen team did not plan to take the index public, but have now decided to make it available for everyone. There are already two indexes for large-cap gold stocks, but not something specific for the juniors that could be used to benchmark their performance against the seniors and against the gold price. Mr. McEwen says: "The TSX Venture Exchange should create a subindex for the juniors. And they don't. We don't know why, but we decided to create our own and persuade them that there is an audience for this." Twenty-one companies are in the index. Some of them are Osisko Mining, Rubicon Minerals, Detour Gold, Fronteer Development Group and of course US Gold. The index focuses on companies with good cash balances, trading liquidity and an actual discovery of some note. For the most part, this small group has rallied strongly this year alongside the gold price.
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