I believe in concentrating my investments enough to make a difference to the bottom line. One time John (or was it Nathan?) Embree was on BNN and said something that caught my attention. He said by all means concentrate, but realize that no matter how much you believe, for one reason or other, one out of six of the juniors in your portfolio will fail to live up to your expectations. Sometimes for reasons completely out of the control of the company.

Right now I hold three pure gold juniors, one pure silver junior, two mixed plays, a molybdenum, a vanadium/tungsten, and a couple platinum/pgm. I believe in all of them, or I wouldn't be in them. They all have the potential for explosive growth in value. I would love it if they all succeeded. But I know that one or two of them will fail despite what I believe.

MR