Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Message: Is this the NR that made most invest?
Newsletter
St. Elias, a Speculative Junior St. Elias Mines Ltd., along with many others, is a speculative junior exploration company listed on the TSX Venture Exchange. Why do people invest in juniors? They are speculative, risky and the odds are unfavourable. And why invest in St. Elias?
The Allure of a Junior
Why do people invest in speculative junior exploration stocks? The attraction to investors is simple. It can be compared to buying a lottery ticket where a small amount of money may become a substantial amount, however, the difference being with an investment in a junior stock there is an excitement generated during the race and the potential for profits frequently, even during the early stages. Quite simply, people are attracted by the excitement of a drill hole, the possibility of a discovery that will change the investment of a few thousand dollars into hundreds of thousands, or millions, possibly overnight. When a discovery hole happens, everyone wins, not only insiders, brokers and promoters, but little old ladies in tennis shoes, bartenders, janitors, barbers, cabbies and just about every Tom, Dick and Harry. The enthusiasm spreads like wildfire. The stock takes off ! There many examples of major discoveries made by speculative junior exploration companies, some of which are: 1965
Pyramid Mining Company* The shares rose from $0.25 to over $20.00 per share (in 1965 dollars) on a lead/zinc discovery in the Northwest Territories, Canada (*credited as being the first major success/discovery by a Vancouver Stock Exchange company)
1980
Carolin Mines Ltd. From a $0.25 stock, Carolin shares climbed to the giddy height of $40 on a gold discovery in British Columbia, Canada.
1992
Dia Met Minerals Ltd. The shares skyrocketed from pennies to $70 a share following major diamond discoveries in the Northwest Territories, Canada.
1994
Diamond Fields Resources Inc. The stock began a rocket ride from $4.20 a share in November 1994 to $167 per share in May 1996 on a nickel discovery in Newfoundland, Canada (eventually bought out for $4.5 billion by nickel giant Inco Ltd.)
1996
Arequipa Resources Ltd. In 1995 the shares were trading at $1 and in 1996 the stock skyrocketed to $35 a share on a gold discovery in Peru (shortly thereafter they were taken out by Barrick Gold at a price of $30 per share.)
It is important to note that 75% of all discoveries are made by juniors and that the major producers are facing a decline in gold reserves so they’ll have to go after the juniors. When a junior makes a big discovery it will be in the spotlight straight away.
http://www.steliasmines.com/storage/news_releases/Newsletter-2009-02-Tesoro-FINAL.pdf
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