Quokka
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News from yesterdays West Australian is junior miner View Resources has gone into administration.
Production down, but also need loan refinancing.
Obtaining credit was raised as a general concern for small miners and explorers in last Saturdays West.
Also rising costs are affecting the whole industry here. These companies will be competing with the big boys for labour and machinery. Would imagine the same situation would apply in Canada.
The Beginners Guide to Gold/Silver
in Mining and Precious Metals
Posted
I hold a small amount in the ASX listed GOLD BULLION SECURITIES LIMITED (GOL) fund. I presume this is classed as an ETF. They hold reserves to match investor funds so would seem safe although I am considering using the Perth Mint next time.
http://www.asx.com.au/asx/research/Company...roup=NO#details