STOCKCHASE

(A Top Pick Feb 17/09. Up 80.98%.)

2010-03-08

WEAK BUY

8.530

Michael Smedley

Brilliant management company. Moving the settlement to get the gold underneath. Lowish grade, no great expansion. Could be bought out. The story is a bit tired.

2010-02-23

BUY

8.450

Given the size (9 million ounces of reserve) of its gold deposit, it would be quite an addition to some larger major gold producer. Prefers Detour Gold (DGC-T).

2010-02-10

BUY

7.960

Thinks this one will be taken over. Building a mine in Quebec that Goldcorp (G-T) took a position in for 13%. Mine is progressing well.

2010-02-04

WAIT

8.550

Bill Harris, CFA

Might get taken out. But if not, it will be dead money for a while.

2010-02-02

TOP PICK

8.500

Project is now financed and under construction. Will go into production early next year. It will be Canada’s largest gold mine. 750,000 oz /year. As it goes into production, the discount that market applies to it will start to turn into a full valuation. They are also doing a joint venture in northern Quebec that could yield multi-million oz potential.

2010-01-12

BUY

8.030

Allan Jacobs

Very large gold reserve and resource in Quebec. Recently raised a ton of money so is pretty well cashed up to develop the mine. Possible takeover target.

2009-11-24

BUY

7.940

Building a gold mine in Malartic and will probably be a 600,000 ounce producer per year. Realized $230 million through warrants, which will give them about $1 billion in cash. The mine will cost about $600 million to complete. Could be a takeout target.

2009-11-18

DON'T BUY

8.050

Robert McWhirter

Ranks 376 in his database because year-over-year earnings were down 40% with an 8% negative earnings surprise. Expected to lose $.04 in 2009 with not much improvement in 2010. He prefers companies in the gold space that are actually producing 15% per year in earnings or better.

2009-11-17

BUY

7.630

Some warrants are coming due and some people may be exercising them and selling the stock in advance. GoldCorp (G-T) has taken a position at around the $7 range, which shows strong support. Will be going into production in the next year so there could be some potential significant further upside.

2009-10-16

BUY

9.110

Steve Carlin

Probably one of the best mid-cap growth gold stories out there. Has been participating in the increase in gold prices. Goldcorp (G-T) has taken an almost 20% stake in the company. Great project and should be up and running in the next 12 months. Long-term hold.

2009-09-16

Comment

7.570

Has been a fabulous story. Goldcorp has recently taken a substantial stake of 10% in them. Part of a good balanced portfolio.

2009-09-09

HOLD

7.480

Goldcorp (G-T) owns 21%. Takeover candidate. Likes gold. This is probably as good a place to be in gold.

2009-09-02

DON'T BUY

7.020

Rick Rule

Very large gold deposit. Overvalued compared to other deposits globally. Also, the grade causes him concerns.

2009-09-01

WAIT

7.030

Andrew McCreath

Gold Corp is interested in buying the company. Would wait for Gold Corp sizzle to leave the stock before buying. Lots of speculation into the news last week into gold corp. increasing its stake. Wait for low $6’s as opposed to 7’s to buy.

2009-08-18

BUY

6.970

Gold. One of the largest reserves in Canada. Just waiting for their mining permit. Once they get this, he thinks they get into play very quickly. Very big project and they have financed most of it already.

2009-08-06

BUY

6.830

Lyle Stein

Quite intrigued by the size of their gold deposit in northern Quebec/Ontario. Have raised some money and are doing the things necessary to get the mine into production. OK if you are willing to take the risk associated with owning a Junior explore. Prefers Seabridge Gold (SEA-T).

2009-07-31

HOLD

6.790

Gold. Got their environmental study done and are now waiting for their permitting. Possible takeover.

2009-07-17

BUY

6.820

Open pit gold mine requiring moving of houses and buildings. Now waiting for final permit for construction. Will probably finish this by the end of the year. Will be in the sweet spot when they get into production.

2009-07-16

Comment

6.550

Thinks this will become a huge mine. A lot of speculation that it could be a takeover by a major in 2009.

2009-07-07

BUY

6.550

Laura Lau

Large discovery in Quebec. One of the best takeout candidates in the gold right now. Reasonable price.

2009-06-30

BUY

7.020

Jim Huang

Has advanced development projects with multiple ounces of resources making it a takeover target. Further upside depends on if they can advance their development projects and gold prices go higher.

2009-06-18

BUY

7.000

Michael Smedley

Biggest gold deposit in Canada under development. Logically it will be taken out.

2009-06-10

DON'T BUY

7.110

Brent Cook

Pretty good deposit as long as gold prices hold up. At the stage now where they have to build it. Doesn't see a lot of upside in it until they prove that it actually works.

2009-05-29

BUY

6.250

Not an expert on mining, but his company overall likes this one very much. Have massive deposits that they are currently developing. Just announced very high-grade intersection of gold, or inside the current pit. Could be an acquisition, probably next year.

2009-05-21

DON'T BUY

5.620

Bill Harris, CFA

Relatively high valuation. They found the gold, looks mineable and is slightly low grade. Now they need a lot of money to produce it and who actually has money for this? Would prefer to be in the senior producers or an exploration play where there is still upside.

2009-05-19

HOLD

5.900

Andrew Cook

(Market Call Minute) Every one is talking about it being a take-out so it is probably a bit over bought.

2009-04-24

DON'T BUY

5.670

Has the feeling that the gold stocks have really run ahead of themselves. Not a huge fan of gold stocks at this time but does like this name. Looking for a seasonal correction this summer. (See Top Picks.)

2009-04-02

PAST TOP PICK

5.950

(A Top Pick May 1/08. Up 40%.) Malartic gold mine in Quebec of 600,000 ounces when it is in full production with average cast costs of under $400 US an ounce. Feasibility study and numbers came in better in terms of reserves and economics. Put financing in place on the equity side.

2009-03-26

BUY

5.120

Michael Smedley

He favours gold. Gold is trading in a $700-$900 channel so it’s not too late. This one is not his 1st choice but it is extremely popular. Seems to have a good medium tier to junior asset and is possibly a takeout candidate.

2009-03-17

TOP PICK

4.960

Big Canadian gold mine of 6+ million ounces and there will probably be another 2 million from a new project. Just had a wildly successful share offering so they are well financed. Low operating costs.

2009-02-18

BUY

4.860

Looked like they were going to be struggling when they had to raise $600-$700 million to build their Quebec mine. When gold went up to $950 they were able to raise $400 million. Think the mine will produce 500 thousand ounces per year. Could be a takeover target as well.

2009-02-12

BUY

4.530

(Market Call Minute.) Has an attractive large Canadian asset so could be a takeover target. Exposure to gold.

2009-02-05

BUY

3.760

Early stages of construction. Moving part of town to new site. Equipment deliveries early next year, production in 2010. Market not fully picked up on size of this.

2008-08-11

BUY

3.980

(Market call minute.) Gold. Great deposit. Just a matter of time before someone buys them.

2008-07-08

TOP PICK

4.170

Gold developer. Their single asset is the Malartic play in Quebec. A large tonnage, low grade, open pit project. Has 7 million plus ounces now and is capable of double digits. Meaningful enough for a senior to take out. Politically stable jurisdiction.

2008-05-01

WEAK BUY

4.840

Lyle Stein

It has most of the key ingredients in place today, large deposit, potential takeover, in safe jurisdiction, infrastructure in place. The only issue is raising capital. It is interesting at this level.

2008-03-28

BUY

5.900

Bill Belovay

Has a credible large gold, low-grade deposit in the Val-dor, Quebec area. The problem is, the site is on the town of Malartic. They do have good communications with the town’s people and hopefully things can be resolved. The question is, will the people be agreeable to moving?

2008-03-13

TOP PICK

6.000

Has one of the largest undeveloped gold plays in Canada in Quebec. Right now it's about 8.5 million ounces and expects to see it over 10 million in the second quarter. They will have a feasibility study by the end of the year. Great infrastructure and great labour force. Looking for it to be a half million-ounce producer within 2 to 3 years.

2008-02-25

PAST TOP PICK

6.150

(A Top Pick Apr 20/07. Up 14.1%.) Gold. Malartic open pit low-grade deposit in Quebec. Has over 8,000,000 ounces in resources. Because of location, they have power, labour, etc. of infrastructure already.

2008-01-03

PAST TOP PICK

5.250

(A Top Pick Dec 28/06. Up 0.75%.) Quebec gold mine. They have to move a town and there is 80% agreement. Low-grade deposit.

2007-12-14

TOP PICK

5.980

Currently an 8.4 million ounce project. 15 drill rigs are committed to this property.

2007-11-16

BUY

6.330

Just raised finances to allow them to move a town. Political and environmental environment is very pro-mining. In good shape and their large, low grade deposit will be going into production. Likes this company.

2007-10-31

TOP PICK

5.400

Quebec gold mine. They are drilling a bulk tonnage, low grade deposit. Already have. 8.5 million ounces discovered and should be able to add 1 or maybe 3 or more million ounces over the next 6 months to a year.

2007-09-06

BUY

6.000

Gold. Drilling to define and extend a Quebec deposit. Everything seems to be very good. Low grade, but are now hitting certain areas that are higher grade.

2007-06-21

TOP PICK

6.200

A great exploration project, in Quebec. Gold occurs in the sediments. Purchased recently between $8 and $11.

2007-06-14

TOP PICK

10.760

(A Top Pick June 29/06. Up 147%.) Uncovered a significant large tonnage, low-grade, open pit deposit in northern Quebec.

2007-04-20

Comment

10.350

Kyle McKay

Gold play in Quebec. They have to move a town and have received approval from the residents. Will be drilling about 10,000 m per month. Expecting increases in their resources.

2007-03-19

Comment

10.080

A low-grade gold play in Quebec. They will have to move a part of a town. The driver of the stock will be the costs needed to produce. Some people are sceptical. Open pit mining.

2007-03-13

PAST TOP PICK

10.570

(A Top Pick Dec 28/06. Up 4.8%.) They have to move a town in Alaska to develop a low-grade mine. Relatively cheap. Probably a takeover target.

2007-03-12

BUY

11.950

Bill Belovay

Have vast reserves near Val ‘Dor Quebec. Happy with the fundamentals behind this one.

2007-02-15

BUY

11.630

Large land package in Quebec. 6.5 million ounce resource in the first year of exploration. Four drills drilling, so it should be a newsy year.

2007-02-12

TOP PICK

12.500

Trading at a new high, but it still has a good ride up. A Canadian deposit in Malartic Quebec. Large tonnage, low-grade deposit, but you get the economies of scale. Just put out a resource of 6.5 million ounces showing 1.14 grams per ton. Have already ordered their main equipment items.

2007-01-02

TOP PICK

10.590

6.5 million gold ounce deposit in Quebec. Thinks they could get as high as 12. Low grade, but open pittable, so low Cap X. Very cheap and geographically safe.

2006-12-28

BUY

5.200

Drilling in Malartic Quebec. The indication is that they have about 105 million tonnes grading about 1.25 g per tonne. Has the potential to grow any where from 4 to 10 million ounces. Good cash flow $65 million US per year.

2006-10-04

BUY

5.000

Had a discovery at the Malartic camp in Quebec. Have an indicated resource of 105 million tonnes grading about 1. 25 g per tonne. Exploration potential is still a lot larger.

2006-07-31

TOP PICK

4.100