When assessing his junior picks, John Feneck said jurisdictional risk is becoming more important.  

On the Friday Feneck recorded Kitco Roundtable with Michael McCrae, mining audiences manager at Kitco. Feneck is president of Feneck Consulting, which helps small and mid-cap resource companies raise brand awareness, as well as providing advice to institutions and individual investors on commodity investments.  

Feneck noted the tax troubles silver miners are facing in Mexico, as well as the presidential election in Peru. Pedro Castillo looks to be holding the edge in the unresolved election. According to Reuters the 51-year-old schoolteacher has vowed to redistribute wealth and rewrite the constitution.  

"Jurisdiction is becoming more important, so we're trying to avoid certain areas unless it's just too compelling," said Feneck.