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for the 50k you need to find stable companies over the $10 range so you can margin them - I look for companies worth 10b or so as they have the potential to grow into the next goldcorp ie. Ivanhoe Mines.
For the junior miners, I stick to companies with a rock solid management team with prior history of success NOT taking into account their current area of operations. I don't care where they operate or what they hope to find, I put my money in them because of the people that run it. This is why in my previous posts you'll see I hold Minera Andes (The management team prior to Rob McEwen was decent but Rob took it to the next level) and Nortec Ventures (The guys that run it now ran Frontier Pacific Mining which Eldorado bought via hostile takeover). Look at Andean, Eldorado tried to buy them and they ended up in the hands of Goldcorp because the senior management team were familiar with each other.
One thing I stay out of is capital pool companies/seed stock. My reasoning is this: if the guy trying to raise the money had a prior history of success, you would not be given the opportunity to invest in the new pool as he would have a established client base to cull from. They're asking you to put money in so they have the necessary funds to go after a high prospect X mineral deposit (please tell me how you expect to win the rights to a high prospect X mineral deposit in a bull market for metals).
Another surefire way for success is to look at the spinoffs after a company has been bought ie. Parex Resources. The major will buy the company for the most advanced project and spinout the prospects into another shell giving it back to old management. These are guaranteed to make money over the long run.
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