Junior Miners - Potential Unrivalled
$FOXG.V is an excellent example of why I love investing in the junior mining sector.
'The Philibert Project is part of a rapidly emerging gold camp located a few kilometres southwest of Chibougamau, a highly regarded pro-mining region. The Project is owned by SOQUEM, a subsidiary of Investissement Québec and a leader in Quebec’s mineral exploration industry.'
Always important to state - junior mining is a high risk investment, and I only invest what I am comfortable losing, usually that's 1-2% allocation. In the case of FOXG, I was comfortable enough with management's reputation/track record and how they funded almost the entire PP themselves, as well as the success of other miners in the area, that I took a larger stake here (larger for me is never more than 5%!). The TSX-V is a small exchange, shares are generally illiquid and therefore difficult to sell when something goes awry. I intend to take back my initial investment once FOXG reaches >$0.10, and I will let the rest ride as I await drill results. Imagine a move like this prior to lab results, and you will see why I believe junior mining offers investors some of the best returns in the market. If you can stomach the volatility and stick to a strict set of rules you set for yourself, there are gems to be found.