I follow this guy quite a bit. He explains the type of junior resource companies to go for. He also explains things easy to understand for those without a geo background.
http://youtu.be/PQSuhReVv54
http://www.kitco.com/ind/fulp/feb232009.html
Basically, he identifies the type of deposits that generally require low capex and still have decent to high margins. These deposits can be developed in a relatively short time frame. This is important as juniors have a limited life until they dilute themselves to death.
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