Dear Investor,
Noted below is the "McEwen Junior Gold Index". It has just recently been
created and we believe it is an excellent way to track the junior
sector.
It is a computer generated index that measures the success of a desired
number of exploration companies.
Here is a brief summary of its details:
(1) Weighting: The index is market-value weighted; that is, movements in
the prices of stocks with higher market capitalizations (the share price
times the number of shares outstanding) have a greater effect on the index
than companies with smaller market caps.
(2) Selection: Although the component companies are selected by a
committee there are a number of criteria used.
1. Minimum market capitalization of US$50 million
2. Minimum daily trading liquidity of US$50,000.
3. Listed on the TSX, TXV-V, NYSE, NYSE.A, NASDAQ
4. Focused primarily on exploration
We would appreciate any comments and or questions regarding the index.
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