| DON'T BUY | 0.165 | Paul VanEeden | Busy with a merger. Believes cost structure is problematic. | 2007-05-31 | |
| DON'T BUY | 0.220 | Robert Cohen B.A.Sc., MBA, CFA | Merging with YGC Resources (YGC-T), which has an interesting exploration project in the Yukon. They're old mine in Nevada has been very troubled and expect it will be shut once the merger is completed. | 2007-04-20 | |
| SELL | 0.185 | Lawrence Roulston | You could see quite a bit of value coming out of this, but it may take some time. Had a lot of operating difficulties with their Jarret Canyon mine and haven't been able to generate enough cash to fund exploration. Cutting back considerably on production and will be cash flow neutral at best. | 2007-03-07 | |
| HOLD | 0.200 | John Embry | Merging with YGC Resources (YGC-T). This has been a very disappointing stock. They couldn't operate their mine successfully. Great land package. Wouldn't buy at this time until you see what happens. | 2007-02-08 | |
| DON'T BUY | 0.230 | Paul VanEeden | Has a lot of problems. Working on the Jarret canyon deposit, which is a complex of deposits in Nevada. Trying to reduce cash costs, but it has gone up to $640 and ounce. | 2006-12-13 | |
| DON'T BUY | 0.260 | John Embry | Has been an enormous disappointment. A high cost mine and they cannot operate profitably in the current gold price. Dead money unless gold shoots up. | 2006-11-30 | |
| DON'T BUY | 0.270 | Peter Grandich | There are so many other stocks available. Have had a series of problems. Has not performed well. | 2006-11-27 | |
| BUY | 0.340 | Peter Hodson | Owns 20% of company. They have had decent results. Believes that gold will go higher. He has no intention of selling the stock and believes that it go to $1.00. | 2006-09-22 | |
| DON'T BUY | 0.385 | Paul VanEeden | Operates a gold mine in Nevada and if there is a decline in the US$, this company will give you leverage. Their negative is that they have a very hungry mill with limited gold to feed it with. | 2006-08-16 | |
| WAIT | 0.395 | John Embry | A difficult mine. With costs going up as much as they have, gold price has not kept pace. Will need $850 gold for it to start moving. | 2006-08-01 | |
| DON'T BUY | 0.395 | Bill Harris | Only has a 4/5 year mine life. You can make a case that at this gold price it could pay you back your original investment and give a marginal return on it. That's not enough to get the gold industry excited. | 2006-08-01 | |
| DON'T BUY | 0.380 | Robert Cohen B.A.Sc., MBA, CFA | The only thing that will get this company going is a higher gold price or they get some good quarters under their belt. It will likely languish until they return to a higher profitability. | 2006-07-31 | |
| BUY | 0.365 | John Embry | The stock to own if his much higher gold price prediction is correct. Producing a lot of ounces and are a fairly high cost operation in Nevada. They'll make a lot of money in higher gold prices. | 2006-06-13 | |
| BUY | 0.440 | Paul VanEeden | Bought a fairly large mine which has a hungry mill. Keeping feed in front of it has been a problem. Newmount made an agreement to truck ore to the mill. This gives them a lot more flexibility. Prefers exploration companies instead. | 2006-05-30 | |
| BUY | 0.460 | John Embry | Newmont Mining (NMC-T) has come in which is very positive in that it will help with their milling costs. Feels they will move into a positive cash flow basis. Also, they now have money to explore. | 2006-04-17 | |
| BUY | 0.500 | Paul VanEeden | Just announced that Newmont(NMC-T) just did a private placement of about 4.9% of the outstanding shares of this company. With warrants, they'll own about 8.5% of this company. This is a very significant transaction. It will dramatically reduce their operating costs. If you want leverage to the US$, it's a buy. | 2006-03-30 | |
| DON'T BUY | 0.375 | Peter Grandich | The increase in this stock is basically because of the increase in the price of gold. There is still a question as to whether they can turn around the Jarret mine to be a profit making project. | 2006-01-27 | |
| DON'T BUY | 0.350 | Paul VanEeden | Queenstake could possibly be a very significant player. We are seeing volatility and liquidity evolving in the mid-tier market. They have an operating gold mine in Nevada so if we have a decline in the US$, an increase in the US gold price than the operating margins for them should go up dramatically. They have suffered a little bit because they have a very high operating cost and they don't have a lot of ounces ahead of the mill so they're having a tough time keeping a hungry mill satisfied. That has impacted the operations and negatively impacted the share price. If we see a dramatic increase in the gold price this should have dramatic increases in Queenstake share valuation. But, he would really like to see them address the issue of reserves that are lying ahead of the mill. An increase in reserves and resources would do magnificent wonders for the stock. | 2006-01-13 | |
| DON'T BUY | 0.330 | Robert Cohen B.A.Sc., MBA, CFA | It was one of those assets that was tired but management felt that they could turn it around. They have continually struggled. The asset quality isn't great, but in a rising market it should move up. Prefers others with better quality. | 2006-01-11 | |
| DON'T BUY | 0.240 | Bruce Campbell | Has gone sideways. Would have thought that it had higher leverage to good gold prices. They seem to have messed it up, changed managers and never seem to get it right. | 2005-11-21 | |
| DON'T BUY | 0.225 | Peter Hodson | A couple of years ago, when they were doing a financing, they said that they had so much gold that they would never have to do another financing. Yet they keep on doing financing. That puts them in the penalty box and he doesn't want to look at them any more. | 2005-11-17 | |
| BUY | 0.220 | John Embry | The cost of doing business has gone up dramatically, faster than the gold price has gone up. Good management. Cut back expenses and will be profitable in 2006 at current gold prices. | 2005-11-01 | |
| DON'T BUY | 0.215 | Peter Grandich | Redevelopment plan seems to be showing improvement with production and costs, but there are so many more interesting plays. | 2005-10-24 | |
| BUY | 0.220 | John Embry | (Owns over 10% of the company.) With gold price of $450 or less, to produce gold, is consuming capital at an alarming rate. In the last few years, they let development slide, so have to catch up with development to get to the scopes to get the production they need. New management. Believes in management and the mine, but need a better gold price. | 2005-08-23 | |
| SELL | 0.220 | Peter Hodson | One of the worst companies out there. Probably time for them to raise more money because they continue to raise money. Production is not going as well and their costs are higher, they've diluted shareholders no end. | 2005-08-23 | |
| WEAK BUY | 0.205 | Bruce Campbell | Not a gold bug. Doesn't see $500/600 gold. If you are a gold bug you have to be negative on the US$ and probably, on the short term, that the US deficit is going to cause problems. This company is having their own particular problems and because they're high cost, they're great leverage, so if you are a gold bug, it's cheap. | 2005-08-18 | |
| STRONG BUY | 0.255 | John Embry | Will do well when the gold price moves materially higher. Can produce 300,000 ounces for the forseeable future. Exploration is going well at several sites. An outstanding leveraged play for a higher gold price. Good management. | 2005-07-05 | |
| DON'T BUY | 0.260 | Paul VanEeden | Its future is very uncertain because they had operational problems at Jarrett Canyon. Don't have a lot of flexibility in terms of mine development. Costs have been rising squeezing out any margins. However any significant decline in the US$ will give them some breathing room. | 2005-06-27 | |
| BUY | 0.240 | John Embry | Made a positive change in management. Their main problem has been the stagnant gold price. It's a high cost and difficult mine. Have enough money to handle the next 2 years. Have a terrific exploration play. | 2005-05-26 | |
| HOLD | 0.230 | Peter Grandich | Good people. Jarret Mine is a decent project. Have to get more money into the company in order to reduce the number of outstanding shares. Speculative. | 2005-05-19 | |
| VAGUE | 0.230 | Jean-Francois Tardif | Has disappointed 3/4 quarters in a row. Hopefully the company will do what they say they can do. Think of this stock as a warrant on higher gold prices. | 2005-05-09 | |
| DON'T BUY | 0.245 | Paul VanEeden | One of the few gold mining companies with true leverage to the US$. Their only operation is the Jarret Canyon mine in Nevada. The bad news is that they seem to be spinning in mud, i.e. the cash flow they are generating through their operations is going right back into resource development, exploration and sustaining capital costs. Operating costs are rising when they should be falling and cash flow is falling when it should be rising. | 2005-04-29 | |
| DON'T BUY | 0.220 | Peter Grandich | Has decent management. Too many shares outstanding. Would like to see them restructure. | 2005-04-15 | |
| DON'T BUY | 0.275 | Werner Muehelemann | Have a lot of cost pressures which are increasing. This is worrying. Tends to avoid mines that have high costs as it is hard to tell where gold is going. | 2005-03-23 | |
| WEAK BUY | 0.270 | Bill Harris | Has spent considerable time looking over this one and it shows up incredibly inexpensive. There are 2 types of resource companies. Long life companies which are low cost (which he likes) and a 3/4 year reserve life. This one is the latter with a 3 year reserve life. Great technical team managing it. | 2005-03-21 | |
| DON'T BUY | 0.295 | Bill Carrigan | This is a good example of how risky some of the juniors are. | 2005-03-15 | |
| WATCH | 0.335 | John Embry | Currently the bane of his existance. Have apparently run out of money. CEO had heart attack and resigned. Replacement guy might just as competent (!?) if not more so. Are attemptting refinancing. If gold goes up $100 in the next year (he expects it to) this company could be seen in a totally different light. | 2005-03-10 | |
| DON'T BUY | 0.370 | Rick Rule | Small company controls large deposit. Need to keep exploring to keep producing. Likes the management team (knows them), however would not buy the stock. | 2005-03-08 | |
| DON'T BUY | 0.445 | Bill Harris | New management team in quite an old mine. Only about 4 years of mine left and then they will have to go find more gold. Thinks they will. Prefers companies with low cost operation and long reserve life. | 2005-02-16 | |
| DON'T BUY | 0.370 | Peter Grandich | Has a high profile because a well known money manager has spoken often about it. Anytime it got over $0.50, he felt it was fairly priced. A lot of shares outstanding. Not among the top tiered undervalued stocks. | 2005-01-28 | |
| SELL | 0.335 | Ron Meisels | In 2003 started at $0.20, ran all the way up to $1 and since then, it's been trending down. The new low suggests that the downtrend is not quite finished. | 2005-01-20 | |
| DON'T BUY | 0.415 | Ben Stadelmann | Not particularily interested in the junior golds. | 2005-01-12 | |
| HOLD | 0.460 | Robert Lyon | Bought a mine several months ago and planned on getting costs down and production up, but hasn't worked out yet. At this price, don't sell. On any rebound to the $0.65/0.70 level, get out. | 2005-01-11 | |
| BUY | 0.460 | Paul VanEeden | This companies problem is the repacement of their gold reserves and resources. They spent a lot of capital in 2004 in development of resources, so their financial performance was poor. Good news is they are probably the only company operating in the US that gives direct leverage to the devaluation of the dollar. | 2005-01-10 | |
| BUY | 0.460 | Paul VanEeden | This companies problem is the repacement of their gold reserves and resources. They spent a lot of capital in 2004 in development of resources, so their financial performance was poor. Good news is they are probably the only company operating in the US that gives direct leverage to the devaluation of the dollar. | 2005-01-10 | |
| DON'T BUY | 0.460 | Bill Harris | On his short list of gold companies that he's waiting to come off here. Technically it might not if gold is still coming off and it bottoms here. Problem is, it's a one asset company so would like to see them operate it for longer. | 2005-01-07 | |
| BUY | 0.480 | John Embry | Has the capacity to produce 350,000 ounces of gold per year. Reserve life showing now is very short, so is a major exploration story and have a terrific land package in Nevada. Can continue to develop their reserve base, but it's a high cost operation. One of the best levered plays on the market. | 2004-12-22 | |
| DON'T BUY | 0.445 | Robert Lyon | Has been a dog. A higher risk situation. | 2004-12-15 | |
| BUY on WEAKNESS | 0.450 | Peter Grandich | The one main problem is that it has too many shares outstanding relative to a company with this level of production. Did a wonderful job with Jarret mines. Would consider at the $0.40 level. | 2004-12-13 | |
| HOLD | 0.550 | Peter Grandich | Nice company. Wouldn't buy, but wouldn't sell it. | 2004-11-19 | |
| BUY | 0.520 | Bruce Campbell | New drill results in Jarret Canyon are positive. Stock has pulled back because they have to raise some capital. A short term negative. If they can fix the production problems, they'll have great leverage to higher prices. Very cheap. | 2004-11-15 | |
| DON'T BUY | 0.590 | Benj Gallander | Good management. Feels gold has a lot of potential, but the easy money is off the table. | 2004-11-09 | |
| BUY | 0.610 | Bruce Campbell | A one mine producer. They are exploring and finding gold around the existing mine. Trading at a discount to its NAV. | 2004-10-05 | |
| DON'T BUY | 0.650 | Paul VanEeden | One of the very few companies based exclusively in the US so as the US$ declines and gold prices rise, revenues will increase. The Jarret Canyon mine, a complex ore deposit, will be a difficult deposit to mine. Operation costs will be high. | 2004-10-01 | |
| BUY on WEAKNESS | 0.650 | Peter Grandich | A good turn around.Starting to produce well. An OK play. | 2004-10-01 | |
| TOP PICK | 0.610 | Jean-Francois Tardif | Making free cash flow and trading at a very low multiple of 3.7. The free cash could allow them to make acquisitions. Short reserve life. | 2004-09-29 | |
| VAGUE | 0.470 | David Chapman | The company broke down many times. The company has one major asset. | 2004-09-01 | |
| BUY | 0.430 | Peter Grandich | Turnaround company. Once given up for dead. Good company. | 2004-08-18 | |
| BUY | 0.450 | John Embry | Has suffered from the brutal correction in the market. Although there has been a terrific correction in gold shares, we are still in a bull market in the price of gold. Hugely underpriced. | 2004-08-10 | |
| BUY | 0.425 | Bruce Campbell | Down over the last 3/4 months with the rest of the golds. Net asset value is around $1 so you are buying it at half value. | 2004-08-06 | |
| DON'T BUY | 0.425 | Robert Lyon | Had taken over an old mine in hopes of a turnaround with higher production and lower costs. Have had limited success. | 2004-08-05 | |
| BUY | 0.570 | Peter Grandich | A very good company. A good speculation anywhere between $.50 and $.60. | 2004-07-02 | |
| STRONG BUY | 0.560 | John Embry | Had a very bad first-quarter which was primarily weather related. They can produce 300,000 ounces a year. Increasing their reserve base. Unhedged. Extraordinarily cheap. | 2004-06-29 | |
| WEAK BUY | 0.560 | David Chapman | Like all golds, has had some problems of late. Seems to be trying to form a base now. Has to get over the $.75 line to really move. | 2004-06-28 | |
| BUY | 0.530 | Lawrence Roulston | Had some difficulties in their operations in the first quarter having taken on a very challenging mining operation. They've probably worked through the problems now. A lot of good news from their drilling programs. | 2004-06-09 | |
| BUY | 0.550 | Robert Cohen B.A.Sc., MBA, CFA | Stock price has been disappointing which is bewildering. It should do well. Have a lot of undrilled targets. | 2004-06-08 | |
| BUY | 0.520 | Bruce Campbell | A relatively high cost producer. Actually has an asset value of about $1.25. Extremely cheap, but you have to like and have decent gold prices. | 2004-06-03 | |
| BUY | 0.490 | Bruce Campbell | Pretty good drilling results, but negative financial results. A relatively high cost producer. It will recover and be one of the best percentage gainers when gold turns around. | 2004-05-18 | |
| DON'T BUY | 0.510 | Peter Hodson | Have had some success, but their mine life is very short. As gold declines, their cash flow declines too. | 2004-05-17 | |
| PAST TOP PICK | 0.560 | John Embry | (A top pick Apr 15/04. Down 28%.) Still likes. Fundamentals are still strong, but gold price has depressed the stock price. A wonderful buying opportunity. | 2004-05-11 | |
| DON'T BUY | 0.650 | Bill Carrigan | Formed a base and then in 2003/2004 built a huge symmetrical triangle. The rally by the US dollar forced it to break through the bottom of the triangle. Stand aside to see how low it will go. | 2004-04-28 | |
| BUY | 0.720 | Ron Meisels | Had a big bass from 2000 to 2003, followed by a wonderful breakout in early 2003 when everybody jumped on the bandwagon. Has a beautiful little pennant which should break on the upside. Have a stop loss between $.55/.56. | 2004-04-23 | |
| BUY | 0.760 | Robert Cohen B.A.Sc., MBA, CFA | Has been perplexing. Have delivered but price has stayed flat. Feels there is a little light at the end of the tunnel. | 2004-04-16 | |
| TOP PICK | 0.730 | John Embry | (A past top pick Dec 17/03. No change.) A horribly misunderstood stock. Producing 300,000 ounces and could increase to 350,000. Undervalued by at least 50%. | 2004-04-15 | |
| WAIT | 0.740 | Ron Meisels | This stock had a huge base but the stock is now in a wedge pattern and, at this stage, the outcome should be on the upside. Wait for the next upside and get the next leg up. | 2004-03-17 | |
| BUY | 0.730 | Reg Ogden | They are turning the Jarret Canyon property around, reducing the production and maximizing profits. | 2004-03-10 | |
| BUY | 0.700 | Robert Cohen B.A.Sc., MBA, CFA | Have just upgraded their reserve resource picture from three years to six years. Slightly undervalued. Exploration potential is positive going forward. | 2004-02-27 | |
| BUY | 0.750 | David Chapman | Going into a triangular pattern and expects it to break to the upside. In valuations, it has up to $1.25/1.35 in the ground. | 2004-02-13 | |
| WEAK BUY | 0.770 | Robert Cohen B.A.Sc., MBA, CFA | Updated reserves. Gold price is going up, you will make money with this company. Have 6 years of reserves | 2004-02-02 | |
| PAST TOP PICK | 0.750 | Bruce Campbell | (Was a Top pick Nov 24/03. Down 7½%.) Has an asset value of $1.15/1.25. Has great leverage to any upside in gold prices. Buy on dips. | 2004-01-27 | |
| BUY | 0.770 | Peter Hodson | Have found new reserves in order to keep the mind open. A very good company. Good price. | 2004-01-23 | |
| BUY | 0.770 | Robert Cohen B.A.Sc., MBA, CFA | A substantial improvement in their reserves and resources. A pure leverage to the gold price and if gold rises, the stock will all so go up. | 2004-01-23 | |
| BUY | 0.760 | David Chapman | Junior producing stocks. Doubts it will drop under $.60. Long term targets on $1.25/1.40. If it breaks $.50 you dont want to own it. | 2004-01-02 | |
| BUY | 0.730 | Brendan Kyne | A lot of drill results coming out with respect to extending the reserve life. Can be very volatile. | 2003-12-17 | |
| BUY on WEAKNESS | 0.740 | Bruce Campbell | Has had net asset value of $1.25. Has pulled back with the group. Smaller and more volatile. Try to buy under $.70. | 2003-12-12 | |
| BUY | 0.810 | Peter Hodson | They have a mine producing 300,000 oz. per year and they are trying to extend the mine life. Interesting situation. If gold can stay or go higher, they will do very, very well. | 2003-12-04 | |
| TOP PICK | 0.810 | Bruce Campbell | Has an asset value of $1.25. Pretty volatile. Buy on dips. | 2003-11-24 | |
| DON'T BUY | 0.810 | Glenn MacNeill, P.Eng. | Pretty fully valued. A leveraged play on gold, so if you think gold is going to break the $400 mark then you should buy. Not bullish on gold. | 2003-11-24 | |
| TOP PICK | 0.910 | John Embry | Producing 300 ounces of gold. Have 110 square miles in their Jarret Canyon property. Thinks the mine will be in production for many years. Underpriced. | 2003-11-19 | |
| PAST TOP PICK | 0.940 | Brendan Kyne | (A top pick Aug 26/03. Up 16.7%.) Took their profits when the large issue came out. Extending their mine life reserve which is creating a rise in the stock and they are looking at it again. | 2003-11-19 | |
| STRONG BUY | 0.770 | David Chapman | Has been in a good up run. Fundamental valuations added made the stock worth $1.35. Technical charts also pointed to a target of $1.35. Had a price correction this fall. Has now made a base in the $.60 area and looks like it's breaking out of it. | 2003-11-12 | |
| BUY | 0.620 | David Chapman | It looks like it's trying to form a base at $.55/$.65. As long as it holds, accumulate. | 2003-10-30 | |
| HOLD | 0.670 | Robert Cohen B.A.Sc., MBA, CFA | Relatively fairly priced given the known reserves in the Jarret Canyon mine. There is talk that they will have a resource upgrade coming shortly so it's will be worthwhile to hold on to see how it goes from here. | 2003-10-24 | |
| WEAK BUY | 0.670 | Lou Schizas | A large number of shares in escrow recently came into the market creating a drop in share price. The Jarret Canyon mine is producing ahead of forecasts. Seems to have support around the $.65 level. | 2003-10-23 | |
| BUY | 0.690 | John Embry | Thinks they can build a six-year reserve base. If so, the stock is very undervalued at current prices. | 2003-10-21 | |
| BUY | 0.680 | John Embry | Have done a great job of acquiring assets. A great play on gold. | 2003-09-30 | |
| BUY | 0.740 | John Embry | Has had a spectacular run. In the short run, it is at full value. When people get more comfortable with what they are doing, it should move up. | 2003-09-16 | |
| BUY | 0.910 | David Chapman | Has production. Has seen valuations that put the value of the Company at $1.35. Might be a little bit of a pullback, but would view that positively. Continuing to buy at this price. | 2003-08-29 | |
| BUY | 0.820 | Kyle McKay | Technically gold is having a nice upward trend and expects it to go through $400 by the end of the year. | 2003-08-28 | |
| TOP PICK | 0.780 | Brendan Kyne | Trading below net asset value.Has large exploration potential. | 2003-08-26 | |
Experts that have talked about Queenstake Resources (merged to Yukon-Nevada Gold)
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