What not to buy...

I guess I can't suggest what to buy but I can express an opinion what not to buy on the TSX Venture exchange.

 According to John Kaiser of Bottom Fish report, there are a lot of companies that are going under very soon. Here is what he find in this 1790 companies that he follows on the TSX Venture.

 721 companies with less than $200,000 of working capital
115 companies are producers with more than $200,000 working capital
 410 companies has a resource feasibility with more than $200,000 working capital
440 companies are discovery exploration stage with more than $200,000 working capital
104 companies are shells with more than $200,000 working capital

 By that you can take out almost 50% of the company (the 721 company with less than $200K and the 104 shells). You still have a very long list but better than almost 1800. Running a listed company is very expensive, less than $200,000 of working capital won't last them very long.

 These are some of the cost of running a mining public company.

Accounting and Audit
Consulting Fees
Legal and Professional
Listing and filing fees
Management and administrative
Mineral Property Maintenance
Office and General
Rent and Office
Salaries and wages
Shareholder Information

 This is just a list of fees just to keep the lights on. Don't even think of haven't any growth.

 A drill program per meter (depends on where you are) will cost about $150 per meter to up to $500 per meter (with helicopter cost). When company ask you for money you should be thinking where are they, what is the terrain like and how much does it cost to drill a hole. If they are telling you they are on top of a mountain in Northern BC will cost $150 per meter, that is not going to happen.

 Currently there are a lot of companies doing private placement at $0.01 to $0.05 for $30,000 to $200,000.    These companies can be really be ignored unless it is a very good management team and very good project. What those money will do will pay for the listing fees and keep the company listed and pay their own salaries.  A meaningful drilling program will at least cost $2,000,000 to $5,000,000 depends on where they are, anything less can't get you very far.