Two Dogs that could be Lions!

IBI, as I have harped on, is located in Uganda and now Tanzania. Mr. Sinclair, a famous precious metals investor, has called Tanzania the best place to explore and mine. Don't take his word for it, but look at how well his stock is doing, Tanzania Royalty Exploration, of late. But his company's market cap is 363 million dollars.

Another dog, in a relatively unfriendly place is, Mano River Resources, in Liberia. But Severstal, from my understanding, is paying the company 12mln dollars for a 68% interest in an iron ore property located there. 12mln dollars is Mano's market cap so you are paying nothing for the future of stability of Liberia, which is already occuring; as well as paying nothing for future royalties and the potentially lucrative appreciation of commodities. And now we have the full backing of one of the largest steel companies in the world, who I would assume, did their due diligence.

I like buying strong healthy companies like the next guy or gal, but you pay a premium for that. These dogs may never do anything, but what happens if they do? Just buy in moderation, as Ben Franklin has said, and be patient like a monk and meditate on 'Good Vibrations' as the venerable Beach Boys put it.