Are there any other smaller production companies in safe geopolitical environments that you like besides Wesdome?
JE: I like Lake Shore Gold Corp.; I own a lot of that. Colossus Minerals Inc. down in Brazil, Andean Resources in Argentina, and a number in Canada, such as Rubicon Minerals Corp. and Premier Gold Mines Ltd. The list unfortunately isn’t as long as you might think. Some of these aren’t in production yet but possess exciting ore bodies. TGR: What would you advise investors who are just coming into the gold market? JE: I was responding to a questionnaire recently about how to construct a gold portfolio in today’s market. If you’re being relatively conservative, you would always have a solid core in bullion. I don’t mean ETFs. I mean real bullion or a vehicle where you can audit the fact that the gold is there and not just trust someone saying that it is. TGR: How much would you put in that core holding? JE: Physical gold would be 20% to 25% of my portfolio. But for the equities, as I indicated, I would not focus on the majors where everybody huddles and prices are too high. Instead, I wou
