LOW MARKET valuations for junior mining companies have Michael Ballanger, director of wealth management at Richardson GMP, feeling like a kid in a candy store. Ballanger has had enough years in the business to recognize the advent of gold fever.
In this interview with The Gold Report, Ballanger discusses his personal views and discusses how he looks for “well-incubated” companies that meet budget and timelines and raise funds without diluting shareholder value. He also shares why he sees junior miners as higher reward and lower risk than gold itself.
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The Gold Report, 21 Jan ’13