"The junior mining and exploration market does “feel” like it has bottomed, and our fortunes appear to be picking up, as has been noted by many commentators. The junior mining index (GDXJ), shown below, has bounced about 25% off its lows set in July, mirroring a 10% move in the gold ETF (GLD) and the price of gold. Within the EI portfolio many companies have also moved up in price, and our recent purchases of Papillon (up 74%) and Midas (up 45%) look smart, at least for the time being. Because both companies own deposits that are still undervalued, I intend to hold on"
PIR Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
