The junior resource market still has too much overhang and needs not only higher metals but for those mentally and financially beaten up to throw in the towel,” says Peter Grandich, founder of Grandich Publications, LLC. and Grandich.com, in an interview with SmallCapPower.com. He mentions four junior resource companies that he still holds in his portfolio.
Q: What’s your outlook for the small cap and junior resource markets?
A: The junior resource market still has too much overhang and needs not only higher metals but for those mentally and financially beaten up to throw in the towel. Much of that is likely to occur between now and year-end.
Q: What small cap/junior resource stocks do you like currently and why?
A: My portfolio (what’s left of it-lol) is among just four companies:
Alderon Iron Ore Corp. (TSX: ADV) (CSE: ADV)
Geologix Explorations Inc. (TSX: GIX) (CSE: GIX)
Sunridge Gold Corp. (TSXV: SGC) (CSV: SGC)
Teranga Gold Corp. (TSX: TGZ) (CSE: TGZ)
Q: What do you think are the most important factors when choosing a small cap or junior resource stock?
A: Now, more than ever, a proven management team that has lived through times like this and has raised money when others couldn’t.